UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
                                November 23, 2004



                               ASTA FUNDING, INC.
                               ------------------
             (Exact name of registrant as specified in its charter)


                                    Delaware
                                    --------
                 (State or other jurisdiction of incorporation)


        0-26906                                     22-3388607
------------------------               ---------------------------------
(Commission File Number)               (IRS Employer Identification No.)


    210 Sylvan Avenue, Englewood Cliffs, New Jersey            07632
    ----------------------------------------------------------------------
    (Address of principal executive offices)                 (Zip Code)


         Registrant's telephone number, including area code:  201-567-5648

         Check the appropriate box below if the Form 8-K is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 below): N/A

|_|  Written communications pursuant to Rule 425 under the Securities Act

|_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act

|_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act

|_|  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act








ITEM 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On November 23, 2004, Asta Funding, Inc. (the "Company") issued a press release
regarding results for the three months and year ended September 30, 2004. A copy
of this press release is being furnished as Exhibit 99.1 to this Current Report
on Form 8-K. A webcast discussing those results was held later that day. A copy
of the transcript of that webcast is being furnished as Exhibit 99.2 to this
Current Report on Form 8-K.

In accordance with General Instruction B.2 of Form 8-K, the information in this
Current Report on Form 8-K, including Exhibits 99.1 and 99.2, shall not be
deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liability of that section, nor
shall it be deemed incorporated by reference in any filing under the Securities
Act of 1933, as amended, except as shall be expressly set forth by specific
reference in such a filing.

Item 9.01  Financial Statements and Exhibits.

           (c) Exhibits

           99.1  Press release dated November 23, 2004.
           99.2  Transcript of November 23, 2004 webcast.




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                                    SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                             ASTA FUNDING, INC.

Date: November 26, 2004                      By:
     -------------------                        ------------------------------
                                             Mitchell Cohen
                                             Chief Financial Officer






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