Asta Funding is collecting auto loan debt in Colorado where the statute of limitations is 6 years. Average auto loan debt: $23,792. Garnishment limit: 25% or amount exceeding 40x federal min wage.
6 years
Statute of Limitations
$23,792
Average Auto Loan Debt
25% or amount exceed
Garnishment Limit
Known Asta Funding Violations
Purchasing and collecting severely aged debts
Failing to disclose debt buyer status
Adding unauthorized post-charge-off interest
Dispute Strategies
Challenge deficiency balance after repossession
Verify the sale was commercially reasonable (UCC requirement)
Dispute if proper repossession notice wasn't given