AMERICAN BUSINESS FINANCIAL SERVICES INC /DE/
424B3, 1997-02-05
BLANK CHECKS
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                                   Your Money
                                    Can Begin
                            Earning These High Rates


                     Term                Rate      Annual Yield*

                     3 Months            7.15%          7.41%

                     6 Months            7.35%          7.62%

                     12 Months           8.35%          8.70%

                     18 Months           8.40%          8.76%

                     24 Months           8.50%          8.87%

                     30 Months           9.10%          9.52%

                     36 Months           9.25%          9.69%

                     48 Months           9.50%          9.96%

                     60 Months           10.25%         10.79%

                     7 Years             10.30%         10.84%

                     10 Years            10.45%         11.01%


                            For More Information Call

                                 1-800-776-4001

                                AMERICAN BUSINESS
                             FINANCIAL SERVICES INC.

An offer can only be made by the Prospectus dated October 16, 1996, delivered in
conjunction  with  this Rate  Supplement  dated  December  24,  1996.  See "Risk
Factors" for a discussion  of certain  factors  which  should be  considered  in
connection with an Investment in the Notes.  The Effective  Annual Yield assumes
all interest  reinvested daily at the stated rate. These rates available through
January 22, 1997.

                                                                           12/96






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