<ARTICLE>                     5
<LEGEND>
Note: This schedule  contains summary financial  information  extracted from the
Form 10-Q for the Quarter  Ended March 31, 1998 and is qualified in its entirety
by reference to such financial statements.
</LEGEND>
<CIK>                         0001027574
<NAME>                        Outsourcing Solutions Inc.
<MULTIPLIER>                                   1,000
       
                             
<PERIOD-TYPE>                                3-MOS
<FISCAL-YEAR-END>                                DEC-31-1998
<PERIOD-START>                                   JAN-01-1998
<PERIOD-END>                                     MAR-31-1998
<CASH>                                              41,671
<SECURITIES>                                             0
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<BONDS>                                                  0
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<COMMON>                                                53
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<INTEREST-EXPENSE>                                  11,224
<INCOME-PRETAX>                                    (2,265)
<INCOME-TAX>                                             0
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<EXTRAORDINARY>                                          0
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