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AMERICAN BUSINESS FINANCIAL SERVICES Filed Pursuant
INVESTMENT NOTES to Rule 424(B)(3)
File No. 333-63859
Prospectus Supplement Dated
June 3, 1999
Preferred
Bonus
Program
Rates For Investment Notes of $1,000.
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BEGIN EARNING THESE HIGH RATES: TAKE ADVANTAGE OF THESE BONUSES:
*INVESTOR
TERM RATE ANNUAL YIELD BONUS BONUS RATE BONUS YIELD
<S> <C> <C> <C> <C> <C>
3 to 5 Months 7.75% 8.05% -- -- --
6 to 11 Months 8.05% 8.38% -- -- --
12 to 17 Months 8.70% 9.08% -- -- --
18 to 23 Months 8.80% 9.19% .25% 9.05% 9.47%
24 to 29 Months 9.00% 9.41% .25% 9.25% 9.69%
30 to 35 Months 9.50% 9.96% .25% 9.75% 10.24%
36 to 47 Months 9.10% 9.52% .25% 9.35% 9.80%
48 to 59 Months 9.35% 9.80% .25% 9.60% 10.08%
60 to 83 Months 10.40% 10.95% .25% 10.65% 11.23%
84 to 119 Months 10.50% 11.06% .25% 10.75% 11.34%
120 Months 11.00% 11.62% .25% 11.25% 11.90%
Money
Market Notes** 6.15% 6.34%*
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Minimum for Investment Notes: $1,000
Minimum for Money Market Notes: $1,000
[LOGO OMITTED]
AMERICAN BUSINESS FINANCIAL BUSINESS, INC.
BalaPointe Office Centre o 111 Presidential Boulevard o Bala Cynwyd, PA 19004
2255 Glades Road o Suite 311E o Boca Raton, FL 33432
2425 E. Camelback Road o Suite 1065 o Phoenix, AZ 85016
American Business Financial Services, Inc. is a NASDAQ listed Company (ABFI)
* An offer can only be made by the Prospectus dated October 20, 1998, delivered
in conjunction with this Rate Supplement dated June 3, 1999. 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 ratios for the Investment Notes are available through June
28, 1999.
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ABFS MONEY MARKET NOTES
NEW REDEMPTION OPTION
o Holders of ABFS Money Market Notes may order payable through drafts from
the Company to redeem Money Market Notes and access their funds. Formally,
holders of Money Market Notes could redeem their notes by providing a
written request to the Company.
o Holders of ABFS Money Market Notes may redeem their Notes through drafts
from the Company to access their funds. Holders of Money Market Notes may
write up to three checks per calendar month. Each check must be drawn for
an amount of $500 or more. A check may not be redeemed at Prime Bank. At
the sole discretion of the Company, check writing capabilities may be
deferred for up to 30 days with new ABFS Money Market Notes. In such event,
the Money Market Notes may be redeemed upon 10 business days written notice
to the Company.
o We will extend all reasonable efforts to verify the drawer signatures that
appear on ABFS Money Market Note checks. However, if checks are lost,
stolen or otherwise held or used by an unauthorized individual, the
rightful holder of the ABFS Money Market Note checks must notify the
Company within 24 hours; otherwise the Company will not be responsible for
any misappropriation of the underlying funds.
o Fees will be assessed in connection with checks written on ABFS Money
Market Notes as follows:
Stop Payment $20
Not Sufficient Funds (NSF) $30
Excess Check (over 3 per month) $10
Check Book $10
Check Photography $ 5
Account Research $ 5
These fees may be changed at the discretion of the Company.
