Exhibit 23.2




                         Consent of Independent Auditors



The Board of Directors
Merit Securities Corporation:


     We consent to  incorporation  by reference in  Registration  Statement  No.
333-50285 of Merit Securities  Corporation on Form S-3 of our report dated March
24, 1998 relating to the balance  sheet of Merit  Securities  Corporation  as of
December 31, 1997 and the related statements of operations, shareholder's equity
and cash flows for each of the years in the two year period  ended  December 31,
1997,  which  report  appears  in the  December  31,  1998  Form  10-K of  Merit
Securities Corporation.



KPMG LLP




Richmond, Virginia
March 31, 1999