<PAGE>
Filed Pursuant to 424(B)(3)
File No. 333-63859
ABFS Investment Notes
Begin Earning These High Rates
Prospectus Supplement dated November 23, 1998.
Term Rate Annual Yield*
Investment Notes
3 to 5 Months 7.75% 8.05%
6 to 11 Months 8.00% 8.32%
12 to 17 Months 8.60% 8.97%
18 to 23 Months 8.70% 9.08%
24 to 29 Months 9.00% 9.41%
30 to 35 Months 8.95% 9.36%
36 to 47 Months 9.10% 9.52%
48 to 59 Months 9.35% 9.80%
60 to 83 Months 10.35% 10.90%
84 to 119 Months 10.45% 11.01%
120 Months 10.60% 11.18%
Money Market Notes** 6.15% 6.34%
Minimum for Investment Notes and Money Market Notes $1,000
Ask About Our Rates For Larger Investments
For more information, call
1-800-776-4001
[LOGO OMITTED]
BalaPointe Office Centre * 111 Presidential Boulevard*
Bala Cynwyd, PA 19004
2255 Glades Road * Suite 311E *
Boca Raton, Fl 33431
2425 East Camelback Road *
Suite 1065 * Phoenix, AZ 85016
AMERICAN BUSINESS FINANCIAL SERVICES, INC. IS A PUBLICLY TRADED COMPANY
(NASDAQ; ABFI).
An offer can only be made by the Prospectus dated October 20, 1998, delivered in
conjunction with this Rate Supplement dated November 23, 1998. See "Risk
Factors" in the Prospectus 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
December 18, 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.
<PAGE>
ABFS Investment Notes
Begin Earning These High Rates
Prospectus Supplement dated November 23, 1998.
Term Rate Annual Yield*
Investment Notes
3 to 5 Months 8.00% 8.32%
6 to 11 Months 8.25% 8.59%
12 to 17 Months 8.85% 9.25%
18 to 23 Months 8.95% 9.36%
24 to 29 Months 9.25% 9.69%
30 to 35 Months 9.25% 9.69%
36 to 47 Months 9.35% 9.80%
48 to 59 Months 9.60% 10.07%
60 to 83 Months 10.60% 11.18%
84 to 119 Months 10.70% 11.29%
120 Months 10.85% 11.45%
Money Market Notes** 6.15% 6.34%
Minimum To Earn These Rates On Investment Notes -- $100,000
Minimum for Money Market Notes $1,000
Ask About Our Rates For Larger Investments
For more information, call
1-800-776-4001
[LOGO OMITTED]
BalaPointe Office Centre * 111 Presidential Boulevard*
Bala Cynwyd, PA 19004
2255 Glades Road * Suite 311E *
Boca Raton, Fl 33431
2425 East Camelback Road *
Suite 1065 * Phoenix, AZ 85016
AMERICAN BUSINESS FINANCIAL SERVICES, INC. IS A PUBLICLY TRADED COMPANY
(NASDAQ; ABFI).
An offer can only be made by the Prospectus dated October 20, 1998, delivered in
conjunction with this Rate Supplement dated November 23, 1998. See "Risk
Factors" in the Prospectus 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
December 18, 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.
<PAGE>
ABFS Investment Notes
Begin Earning These High Rates
Prospectus Supplement dated November 23, 1998.
Term Rate Annual Yield*
Investment Notes
3 to 5 Months 8.25% 8.80%
6 to 11 Months 8.50% 8.87%
12 to 17 Months 9.10% 9.52%
18 to 23 Months 9.20% 9.63%
24 to 29 Months 9.50% 9.96%
30 to 35 Months 9.50% 9.96%
36 to 47 Months 9.60% 10.07%
48 to 59 Months 9.85% 10.35%
60 to 83 Months 10.85% 11.45%
84 to 119 Months 10.95% 11.57%
120 Months 11.10% 11.73%
Money Market Notes** 6.15% 6.34%
Minimum To Earn These Rates On Investment Notes -- $500,000
Minimum for Money Market Notes $1,000
Ask About Our Rates For Larger Investments
For more information, call
1-800-776-4001
[LOGO OMITTED]
BalaPointe Office Centre * 111 Presidential Boulevard*
Bala Cynwyd, PA 19004
2255 Glades Road * Suite 311E *
Boca Raton, Fl 33431
2425 East Camelback Road *
Suite 1065 * Phoenix, AZ 85016
AMERICAN BUSINESS FINANCIAL SERVICES, INC. IS A PUBLICLY TRADED COMPANY
(NASDAQ; ABFI).
An offer can only be made by the Prospectus dated October 20, 1998, delivered in
conjunction with this Rate Supplement dated November 23, 1998. See "Risk
Factors" in the Prospectus 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
December 18, 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.
