FORM OF REVOLVING NOTE

Exhibit 99.3

FORM OF REVOLVING NOTE

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FOR VALUE RECEIVED, the undersigned, ASTA FUNDING ACQUISITION I, LLC, a Delaware limited liability company, ASTA FUNDING ACQUISITION II, LLC , a Delaware limited liability company, PALISADES COLLECTION, L.L.C. , a Delaware limited liability company, PALISADES ACQUISITION I, LLC , a Delaware limited liability company, PALISADES ACQUISITION II, LLC , a Delaware limited liability company, PALISADES ACQUISITION IV, LLC , a Delaware limited liability company, PALISADES ACQUISITION V, LLC , a Delaware limited liability company, PALISADES ACQUISITION VI, LLC , a Delaware limited liability company, PALISADES ACQUISITION VII, LLC , a Delaware limited liability company, PALISADES ACQUISITION VIII, LLC , a Delaware limited liability company, PALISADES ACQUISITION IX, LLC , a Delaware limited liability company, PALISADES ACQUISITION X, LLC , a Delaware limited liability company, CLIFFS PORTFOLIO ACQUISITION I, LLC , a Delaware limited liability company, SYLVAN ACQUISITION I, LLC , a Delaware limited liability company, and OPTION CARD, LLC , a Colorado limited liability company (collectively referred to as “ Borrowers ”), HEREBY PROMISE TO PAY to the order of [                      ], a [                      ] corporation (“ Lender ”), at the offices of ISRAEL DISCOUNT BANK OF NEW YORK, a New York banking corporation, as Administrative Agent for Lenders (“ Administrative Agent ”), at its address at 511 Fifth Avenue, New York, NY 10017, or at such other place as Administrative Agent may designate from time to time in writing, in lawful money of the United States of America and in immediately available funds, the amount of [                      ] or, if less, the aggregate unpaid amount of all Advances made at any time to the undersigned under the “Loan Agreement” (as hereinafter defined), plus interest on the unpaid balance as provided in the Loan Agreement. All capitalized terms used but not otherwise defined herein have the meanings given to them in the Loan Agreement or in Annex A attached thereto.

This Revolving Note (“ Note ”) is one of the Revolving Notes issued pursuant to that certain Fourth Amended and Restated Loan Agreement dated as of July 11, 2006, by and among Borrowers, the other Credit Parties signatory thereto, Administrative Agent, and the other Agents and Lenders signatory thereto from time to time (including all annexes, exhibits and schedules thereto, and as from time to time amended, restated, supplemented or otherwise modified, collectively, the “ Loan Agreement ”), and is one of the Revolving Notes given in renewal of and substitution for various Revolving Notes payable to the order of Lender. This Note is entitled to the benefit and security of the Loan Agreement, the Collateral Documents and all of the other Loan Documents referred to therein. Reference is hereby made to the Loan Agreement for a statement of all of the terms and conditions under which the Revolving Loans evidenced hereby are made and are to be repaid. The date and amount of each Advance made by Lenders to Borrowers, the rates of interest applicable thereto and each payment made on account of the principal thereof, shall be recorded by Administrative Agent on its books in accordance with the terms of the Loan Agreement; provided that the failure of Administrative Agent to make any such recordation shall not affect the obligations of Borrowers to make a payment when due of any amount owing