<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the Form 10-Q for the Quarter Ended June 30, 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> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 42,030 <SECURITIES> 0 <RECEIVABLES> 40,605 <ALLOWANCES> 1,385 <INVENTORY> 40,537 <CURRENT-ASSETS> 129,327 <PP&E> 84,502 <DEPRECIATION> 39,168 <TOTAL-ASSETS> 638,804 <CURRENT-LIABILITIES> 115,898 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 12,167 <COMMON> 53 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 638,804 <SALES> 0 <TOTAL-REVENUES> 238,731 <CGS> 0 <TOTAL-COSTS> 219,501 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 24,390 <INCOME-PRETAX> (5,160) <INCOME-TAX> 0 <INCOME-CONTINUING> (5,160) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> (572) <NET-INCOME> (5,732) <EPS-PRIMARY> 0 <EPS-DILUTED> 0