<ARTICLE> 5
       
                                                  
<PERIOD-TYPE>                   6-MOS                   
<FISCAL-YEAR-END>                          DEC-31-1996             
<PERIOD-START>                             JAN-01-1996             
<PERIOD-END>                               JUN-30-1996             
<CASH>                                          79,206                       
<SECURITIES>                                         0                       
<RECEIVABLES>                               15,714,692                       
<ALLOWANCES>                               (2,881,834)                       
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<CURRENT-ASSETS>                             3,355,369                       
<PP&E>                                         202,412                       
<DEPRECIATION>                                (44,339)                       
<TOTAL-ASSETS>                              19,317,242                       
<CURRENT-LIABILITIES>                          925,750                       
<BONDS>                                              0                       
<PREFERRED-MANDATORY>                                0                       
<PREFERRED>                                         33                       
<COMMON>                                           264                       
<OTHER-SE>                                   4,312,178                       
<TOTAL-LIABILITY-AND-EQUITY>                19,317,242                       
<SALES>                                              0                       
<TOTAL-REVENUES>                             3,031,828                 
<CGS>                                                0                       
<TOTAL-COSTS>                                1,155,972                 
<OTHER-EXPENSES>                             1,885,126                 
<LOSS-PROVISION>                               406,199                 
<INTEREST-EXPENSE>                                   0                       
<INCOME-PRETAX>                              (415,469)              
<INCOME-TAX>                                         0                       
<INCOME-CONTINUING>                          (415,469) 
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<EXTRAORDINARY>                                      0                       
<CHANGES>                                            0                       
<NET-INCOME>                                 (415,469)  
<EPS-PRIMARY>                                    (.19)                   
<EPS-DILUTED>                                        0