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<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE AUDITED
FINANCIAL STATEMENTS OF CREDIT CONCEPTS, INC. AS OF AND FOR THE YEAR ENDED
JULY 31, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-END> JUL-31-2000
<CASH> 94,357
<SECURITIES> 0
<RECEIVABLES> 4,656,641
<ALLOWANCES> 371,000
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 50,159
<DEPRECIATION> 19,704
<TOTAL-ASSETS> 4,510,388
<CURRENT-LIABILITIES> 0
<BONDS> 4,314,848
0
0
<COMMON> 150,000
<OTHER-SE> (18,908)
<TOTAL-LIABILITY-AND-EQUITY> 4,510,388
<SALES> 0
<TOTAL-REVENUES> 1,273,478
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 589,482
<LOSS-PROVISION> 253,852
<INTEREST-EXPENSE> 483,499
<INCOME-PRETAX> (53,355)
<INCOME-TAX> 0
<INCOME-CONTINUING> (53,355)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (53,355)
<EPS-BASIC> (177.85)
<EPS-DILUTED> (177.85)
</TABLE>
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