SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


Date of report (Date of earliest event reported)        September 6, 2002
                                                 -------------------------------

                           Outsourcing Solutions Inc.
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            (Exact Name of Registrant as Specified in Its Character)

                                    Delaware
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                  State or Other Jurisdiction of Incorporation

              333-16867                                   58-2197161
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      (Commission File Number)              (IRS Employer Identification Number)

390 South Woods Mill Road, Suite 350
      Chesterfield, Missouri                                 63017
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(Address of Principal Executive Officer)                   (Zip Code)

(Registrant's Telephone Number, Including Area Code)     (314) 576-0022
                                                     ---------------------------






                    INFORMATION TO BE INCLUDED IN THE REPORT


Item 5.  Other Events.

Outsourcing Solutions Inc. (the "Company") issued a press release announcing the
retirement of its president and chief  executive  officer,  Timothy G. Beffa.  A
copy of the Company's  press release is attached hereto as Exhibit 99 and hereby
incorporated by reference.

Item 7.  Financial Statements and Exhibits

Exhibits

Exhibit  99 Press  release,  dated  September  6,  2002,  issued by  Outsourcing
Solutions Inc.


                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                               OUTSOURCING SOLUTIONS INC.
                                          -------------------------------------
                                                      (Registrant)

Date:  September 6, 2002             By:  /s/ Eric R. Fencl
                                          -------------------------------------
                                          Eric R. Fencl
                                          Senior Vice President, General Counsel
                                          and Secretary