EXHIBIT 11

                      AFFINITY TECHNOLOGY GROUP, INC.

                COMPUTATION OF NET (LOSS) INCOME PER SHARE



                                                            Three months
                                                                ended
                                                              March 31,
                                                              --------
                                                          1996           1995
                                                          ----           ----  
      
Historical weighted average shares outstanding (1)..   16,695,318     14,636,780

Preferred stock, Series A and B, assumed converted 
  to Common Stock at consummation of the planned 
  initial public offering (1) (2) .................     5,625,950      5,625.950

Common stock equivalents for options and warrants   
  outstanding (1) (2) (3) .........................     8,101,703      8,896,697
                                                       ----------     ----------
        Shares used in computing net (loss) income
          per share.................................   30,422,971     29,159,427

                                                       ==========     ==========

Net (loss) income................................... $   (218,182)  $    144,525
                                                       ==========     ==========

Net (loss) income per share......................... $     (0.007)  $      0.005
                                                       ==========     ==========

(1)    All common,  preferred stock, options and warrants have been adjusted for
       the 106-for-1  common stock  split effected prior to  consummation of the
       initial public offering.
(2)    Issuance of common stock options,  warrants,  convertible preferred stock
       and other  potentially dilutive  securities,  at prices below  the public
       offering  price during the twelve month  period  preceding  the offering,
       have been included as common stock equivalents as if they had been issued
       as  common  stock at the  Company's  inception in  accordance  with Staff
       Accounting Bulletin No. 83 of the Securities and Exchange Commission.
(3)    The  repurchase  price for all periods  used in  computing  the  proceeds
       received under the treasury stock approach is the initial public offering
       price.