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Filed Pursuant To 424(B)(3)
File No. 333-24115
ABFS INVESTMENT NOTES
BEGIN EARNING THESE HIGH RATES
PROSPECTUS SUPPLEMENT DATED AUGUST 11, 1998
10th
Anniversary
Term Rate Bonus Annual Yield*
--------- ------ ----------- -------------
3 Months 7.75% N/A 8.05%
6 Months 8.00% N/A 8.32%
12 Months 8.50% .10% 8.97%
18 Months 8.60% .10% 9.08%
24 Months 8.75% .10% 9.25%
30 Months 8.85% .10% 9.36%
36 Months 9.00% .10% 9.52%
48 Months 9.25% .10% 9.80%
60 Months 10.25% .10% 10.90%
84 Months 10.35% .10% 11.01%
120 Months 10.50% .10% 11.18%
10th Anniversary Bonus for new and renewed Investment Notes for terms of 12
months or longer + .10%.
New Money
Market Notes 6.15% 6.34%*
Minimum for Investment Notes and Money Market Notes $1,000
For more information call 1-800-776-4001
[LOGO]
American Business TEN YEARS
Financial Services, Inc. Established 1988
BalaPointe Office Centre
111 Presidential Boulevard, Suite 215
Bala Cynwyd, PA 19004 1-800-776-4001
AMERICAN BUSINESS FINANCIAL SERVICES, INC.
IS A NASDAQ LISTED COMPANY (ABFI).
An offer can only be made by the Prospectus dated February 10, 1998,
delivered in conjunction with this Rate Supplement dated August 11, 1998.
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. The rates for the Investment Notes are available through
September 14, 1998. The interest rate paid on the Money Market Notes is subject
to change from time to time at the Company's sole discretion provided that such
rate shall not be reduced below 4.0% per year. Written notice of any decrease in
rate will be provided to holders of such notes at least 14 days prior to the
effective date of the change. No notice will be provided in connection with
an increase in the interest rate paid on such notes.
