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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MOGLRANHTAloruFlVGbTzTohzDAiSlxENsKRQAEC8/dnZmSL88nc2qFKXWlQmXwO
 00R6uG9gtSRGQVNcmqjz3A==

<SEC-DOCUMENT>0001055943-03-000001.txt : 20031126
<SEC-HEADER>0001055943-03-000001.hdr.sgml : 20031126
<ACCEPTANCE-DATETIME>20031126142604
ACCESSION NUMBER:		0001055943-03-000001
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031124
FILED AS OF DATE:		20031126

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			RISEMAN MILTON
		CENTRAL INDEX KEY:			0001055943

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14268
		FILM NUMBER:		031025998

	BUSINESS ADDRESS:	
		STREET 1:		BALAPOINTE OFFICE CENTRE
		STREET 2:		111 PRESIDENTIAL BLVD
		CITY:			BALA CYNWYD
		STATE:			PA
		ZIP:			19004

	MAIL ADDRESS:	
		STREET 1:		BALAPOINTE OFFICE CENTRE
		STREET 2:		111 PRESIDENTIAL BLVD
		CITY:			BALA CYNWYD
		STATE:			PA
		ZIP:			19004

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN BUSINESS FINANCIAL SERVICES INC /DE/
		CENTRAL INDEX KEY:			0000772349
		STANDARD INDUSTRIAL CLASSIFICATION:	MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
		IRS NUMBER:				870418807
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		THE WANAMAKER BLDG
		STREET 2:		100 PENN SQUARE EAST
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19107
		BUSINESS PHONE:		2159404000

	MAIL ADDRESS:	
		STREET 1:		THE WANAMAKER BLDG
		STREET 2:		100 PENN SQUARE EAST
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19107

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GERIACO INTERNATIONAL INC /DE/
		DATE OF NAME CHANGE:	19930308

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KINGSWAY ENTERPRISES INC
		DATE OF NAME CHANGE:	19860327
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>

<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2003-11-24</periodOfReport>


    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000772349</issuerCik>
        <issuerName>AMERICAN BUSINESS FINANCIAL SERVICES INC /DE/</issuerName>
        <issuerTradingSymbol>ABFI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001055943</rptOwnerCik>
            <rptOwnerName>RISEMAN MILTON</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>THE WANAMAKER BUILDING</rptOwnerStreet1>
            <rptOwnerStreet2>100 PENN SQUARE EAST, 8TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>PHILADELPHIA</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19107</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chairman of Consumer Mrtg. Grp</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>

        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3608</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>

    </nonDerivativeTable>

    <derivativeTable>

        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (Right to buy common stock)</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>4.32</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2004-11-24</value>
            </exerciseDate>
            <expirationDate>
                <value>2005-11-24</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>50000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>

    </derivativeTable>

    <footnotes>
        <footnote id="F1">Granted on November 24, 2003 in connection with the rehiring of Mr. Riseman as an executive officer of the Issuer.</footnote>
    </footnotes>

    <remarks>Mr. Riseman retired as an executive officer and employee of the Issuer on July 2, 2003.  On November 24, 2003, Mr. Riseman was rehired as an executive officer of the Issuer in his previous role as Chairman of the Consumer Mortgage Group.</remarks>

    <ownerSignature>
        <signatureName>/s/ Milton Riseman</signatureName>
        <signatureDate>2003-11-26</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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