Asta Funding Inc., an asset management company that buys unpaid credit card loans and tries to collect on them, reported a net loss of $79.2 million for its fiscal fourth quarter, which ended Sept. 30.

The Englewood Cliffs, N.J., company recorded impairment charges during the quarter of $137.3 million, including $53 million for the February 2007 purchase of a $6.9 billion delinquent credit card portfolio from Great Seneca Financial Corp. Asta Funding paid $300 million for the portfolio.

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