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                                                                   EXHIBIT 10.39



                        SILICON VALLEY FINANCIAL SERVICES
                        A Division of Silicon Valley Bank
                                3003 Tasman Drive
                             Santa Clara, Ca. 95054
                       (408) 654-1000 - Fax (408)980-6410

                     ACCOUNTS RECEIVABLE PURCHASE AGREEMENT

     This Accounts Receivable Purchase Agreement (the "Agreement") is made on
this Twentieth day of November1998, by and between Silicon Valley Financial
Services (a division of Silicon Valley Bank) ("Buyer') having a place of
business at the address specified above and VISTA Information Solutions, Inc., a
Minnesota corporation, ("Parent') and EIRISK Information Services, a California
corporation, ("Subsidiary"), Parent and Subsidiary are referred to as ("Seller)
having their principal place of business and chief executive office at

                   Street Address:           5060 Shoreham Place, Suite 300
                             City:           San Diego
                           County:
                           State:            California
                        Zip code:            92123
                           Phone:            619/450-6100



1.   Definitions. When used herein, the following terms shall have the following
     meanings.

     1.1, "Account Balance" shall mean, on any given day, the gross amount of
all Purchased Receivables unpaid on that day.

     1.2. "Account Debtor' shall have the meaning set forth in the California
Uniform Commercial Code and shall include any person liable on any Purchased
Receivable, including without limitation, any guarantor of the Purchased
Receivable and any issuer of a letter of credit or banker's acceptance.

     1.3. "Adjustments" shall mean all discounts, allowances, returns, disputes,
counterclaims, offsets, defenses, rights of recoupment, rights of return,
warranty claims, or short payments, asserted by or on behalf of any Account
Debtor with respect to any Purchased Receivable.

     1.4, "Administrative Fee" shall have the meaning as set forth in Section
3.3 hereof.

     1.5, "Advance" shall have the meaning set forth in Section 2.2 hereof.

     1.6. "Collateral" shall have the meaning set forth in Section 8 hereof.

     1.7. "Collections" shall mean all good funds received by Buyer from or on
behalf of an Account Debtor with respect to Purchased Receivables.

     1.8 "Compliance Certificate" shall mean a certificate, in a form provided
by Buyer to Seller, which contains the certification of the chief financial
officer of Seller that, among other things, the representations and warranties
set forth in this Agreement are true and correct as of the date such certificate
is delivered.

     1.9. "EVENT OF Default' shall have the meaning set forth in Section 9
hereof.

     1.10."Finance Charges" shall have the meaning set forth in Section 3.2
hereof.

     1.11."Invoice Transmittal" shall mean a writing signed by an authorized
representative of Seller which accurately identifies the receivables which
Buyer, at its election, may purchase, and includes for each such receivable the
correct amount owed by the Account Debtor, the name and address of the Account
Debtor, the invoice number, the invoice date and the account code.

     1.12."Obligations" shall mean all advances, financial accommodations,
liabilities, obligations, covenants and duties owing, arising, due or payable by
Seller to Buyer of any kind or nature, present or future, arising under or in
connection with this Agreement or under any other document, instrument or
agreement, whether or not evidenced by any note, guarantee or other instrument,
whether arising on account or by overdraft, whether direct or indirect
(including those acquired by assignment) absolute or contingent, primary or
secondary, due or to become due, now owing or hereafter arising, and however
acquired: including, without limitation, all Advances, Finance Charges,
Administrative Fees, interest, Repurchase Amounts, fees, expenses, professional
fees and attorneys' fees and any other sums chargeable to Seller hereunder or
otherwise.
     
     1.13."Purchased Receivables" shall mean all those accounts, receivables,
chattel paper, instruments, contract rights, documents, general intangibles,
letters of credit, drafts, bankers acceptances, and rights to payment, and all
proceeds thereof (all of the foregoing being referred to as "receivables"),
arising out of the invoices and other agreements identified on or delivered with
any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to
purchase and for which Buyer makes an Advance.

     1.13.1 "Parent Purchased Receivables" those Purchased Receivables arising
out of the invoices and other agreements


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identified on or delivered with any Invoice Transmittal delivered by Parent to
Buyer which Buyer elects to purchase and for which Buyer makes an advance.

     1.13.2. "Subsidiary Purchased Receivables" those Purchased Receivables
arising out of the invoices and other agreements identified on or delivered with
any Invoice Transmittal delivered by Subsidiary to Buyer which Buyer elects to
purchase and for which Buyer makes an advance.

     1.14."Refund" shall have the meaning set forth in Section 3.5 hereof

     1.15."Reserve" shall have the meaning set forth in Section 2.4 hereof.

     1.16."Repurchase Amount' shall have the meaning set forth in Section 4.2
hereof.

     1.17,"Reconciliation Date" shall mean the last calendar day of each
Reconciliation Period.

     1.18."Reconciliation Period" shall mean each calendar month of every year.

2.   Purchase and Sale of Receivables.

     2.1. Offer to Sell Receivables. During the term hereof, and provided that
there does not then exist any Event of Default or any event that with notice,
lapse of time or otherwise would constitute an Event of Default, Seller may
request that Buyer purchase receivables and Buyer may, in its sole discretion,
elect to purchase receivables. Seller shall deliver to Buyer an Invoice
Transmittal with respect to any receivable for which a request for purchase is
made. An authorized representative of Seller shall sign each Invoice Transmittal
delivered to Buyer. Buyer shall be entitled to rely on all the information
provided by Seller to Buyer on or with the Invoice Transmittal and to rely on
the signature on any Invoice Transmittal as an authorized signature of Seller.

     2.2. Acceptance of Receivables. Buyer shall have no obligation to purchase
any receivable listed on an Invoice Transmittal. Buyer may exercise its sole
discretion in approving the credit of each Account Debtor before buying any
receivable. Upon acceptance by Buyer of all or any of the receivables described
on any Invoice Transmittal, Buyer shall pay to Parent 85 percent of the face
amount of each Parent Purchased Receivable and (50%) percent of the face amount
of each Subsidiary Purchased Receivable. Such payment shall be the "Advance"
with respect to such receivable. Buyer may, from time to time, in its sole
discretion, change the percentage of the Advance. Upon Buyer's acceptance of the
receivable and payment to Seller of the Advance, the receivable shall become a
"Purchased Receivable." It shall be a condition to each Advance that (i) all of
the representations and warranties set forth in Section 6 of this Agreement be
true and correct on and as of the date of the related Invoice Transmittal and on
and as of the date of such Advance as though made at and as of each such date
and (ii) no Event of Default or any event or condition that with notice, lapse
of time or otherwise would constitute an Event of Default shall have occurred
and be continuing, or would result from such Advance. Notwithstanding the
foregoing, in no event shall the aggregate amount of all Purchased Receivables
outstanding at any time exceed Two Million Dollars.

     2.3. Effectiveness of Sale to Buyer. Effective upon Buyer's payment of an
Advance, and for and in consideration therefor and in consideration of the
covenants of this Agreement, Seller hereby absolutely sells, transfers and
assigns to Buyer all of Seller's right, title and interest in and to each
Purchased Receivable and all monies due or which may become due on or with
respect to such Purchased Receivable. Buyer shall be the absolute owner of each
Purchased Receivable Buyer shall have with respect to any goods related to the
Purchased Receivable, all the rights and remedies of an unpaid seller under the
California Uniform Commercial Code and other applicable law, including the
rights of replevin, claim and delivery, reclamation and stoppage in transit,

     2.4. Establishment of a Reserve. Upon the purchase by Buyer of each
Purchased Receivable, Buyer shall establish a reserve. The reserve shall be the
amount by which the face amount of the Purchased Receivable exceeds the Advance
on that Purchased Receivable (the "Reserve"): provided, the Reserve with respect
to all Parent Purchased Receivables outstanding at any one time shall be an
amount not less than 15 percent of the Account Balance at that time and may be
set at a higher percentage at Buyer's sole discretion. The Reserve with respect
to all Subsidiary Purchased Receivables outstanding at any one time shall be an
amount not less than 50 percent of the Account Balance at that time and may be
set a higher percentage at Buyers sole discretion. The reserve shall be a book
balance maintained on the records of Buyer and shall not be a segregated fund,

3.  Collections, Charges and Remittances.

     3.1. Collections. Upon receipt by Buyer of Collections, Buyer shall
promptly credit such Collections to Seller's Account Balance on a daily basis;
provided, that if Seller is in default under this Agreement, Buyer shall apply
all Collections to Seller's Obligations hereunder in such order and manner as
Buyer may determine. If an item of collection is not honored or Buyer does not
receive good funds for any reason, the amount shall be included in the Account
Balance as if the Collections had not been received and Finance Charges under
Section 3.2 shall accrue thereon.

     3.2. Finance Charges. On each Reconciliation Date, Parent shall pay to
Buyer a finance charge in an amount equal to 1.50 percent per month of the
average daily Account Balance on Parent Purchased Receivables and 2.50 percent
per month of the 


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average Account Balance net of Reserves on Subsidiary Purchased Receivables,
outstanding during the applicable Reconciliation Period (the "Finance Charge").
Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in
Section 3.5 below.

     3.3. Administrative Fee. On each Reconciliation Date Parent shall pay to
Buyer an Administrative Fee equal to .50 percent of the face amount of each
Purchased Receivable first purchased from Parent during that Reconciliation
Period (the Administrative Fee"). Buyer shall deduct the Administrative Fee from
the Reserve as set forth in Section 3.5 below.

     3.4. Accounting. Buyer shall prepare and send to Seller after the close of
business for each Reconciliation Period, an accounting of the transactions for
that Reconciliation Period, including the amount of all Purchased Receivables,
all Collections, Adjustments, Finance Charges, and the Administrative Fee. The
accounting shall be deemed correct and conclusive unless Seller makes written
objection to Buyer within thirty (30) days after the Buyer mails the accounting
to Seller.

     3.5, Refund to Seller. Provided that there does not then exist an Event of
Default or any event or condition that with notice, lapse of time or otherwise
would constitute an Event of Default, Buyer shall refund to Seller by check
after the Reconciliation Date, the amount, if any, which Buyer owes to Seller at
the end of the Reconciliation Period according to the accounting prepared by
Buyer for that Reconciliation Period (the "Refund'). The Refund shall be an
amount equal to: 

(A)(1)   The Reserve as of the beginning of that Reconciliation Period, plus

   (2)    the Reserve created for each Purchased Receivable purchased during
          that Reconciliation Period, minus

(B)       The total for that Reconciliation Period of: 
     (1)  the Administrative Fee; 
     (2)  Finance Charges; 
     (3)  Adjustments;
     (4)  Repurchase Amounts, to the extent Buyer has agreed to accept
          payment thereof by deduction from the Refund; 
     (5)  the Reserve for the Account Balance as of the first day of the 
          following Reconciliation Period in the minimum percentage set forth 
          in Section 2.4 hereof; and
     (6) all amounts due, including professional fees and expenses, as set forth
in Section 12 for which oral or written demand has been made by Buyer to Seller
during that Reconciliation Period to the extent Buyer has agreed to accept
payment thereof by deduction from the Refund. In the event the formula set forth
in this Section 3.5 results in an amount due to Buyer from Seller, Seller shall
make such payment in the same manner as set forth in Section 4.3 hereof for
repurchases. If the formula set forth in this Section 3.5 results in an amount
due to Seller from Buyer, Buyer shall make such payment by check, subject to
Buyer's rights under Section 4.3 and Buyer's rights of offset and recoupment.

4.   Recourse and Repurchase Obligations.

     4.1. Recourse. Buyers acquisition of Purchased Receivables from Seller
shall be with full recourse against Seller. In the event the Obligations exceed
the amount of Purchased Receivables and Collateral, Seller shall be liable for
any deficiency.

     4.2. Seller's Agreement to Repurchase. Seller agrees to pay to Buyer on
demand, the full face amount, or any unpaid portion, of any Purchased
Receivable:

     (A) which remains unpaid ninety (90) calendar days after the invoice date;
     or

     (B) which is owed by any Account Debtor who has filed, or has had filed
     against it, any bankruptcy case, assignment for the benefit of creditors,
     receivership, or insolvency proceeding or who has become insolvent (as
     defined in the United States Bankruptcy Code) or who is generally not
     paying its debts as such debts become due, or





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     (C) with respect to which there has been any breach of warranty or
     representation set forth in Section 6 hereof or any breach of any covenant
     contained in this Agreement: or

     (D) with respect to which the Account Debtor asserts any discount,
allowance, return, dispute, counterclaim, offset defense, right of recoupment,
right of return, warranty claim, or short payment: together with all reasonable
attorneys' and professional fees and expenses and all court costs incurred by
Buyer in collecting such Purchased Receivable and/or enforcing its rights under,
or collecting amounts owed by Seller in connection with, this Agreement
(collectively, the "Repurchase Amount").

     4.3. Seller's Payment of the Repurchase Amount or Other Amounts Due Buyer.
When any Repurchase Amount or other amount owing to Buyer becomes due, Buyer
shall inform Seller of the manner of payment which may or more of the following
in Buyer's sole discretion: (a) in cash immediately upon demand therefor: (b) by
delivery of substitute invoices and an Invoice Transmittal acceptable to Buyer
which shall thereupon become Purchased Receivables: (c) by adjustment to the
Reserve pursuant to Section 3.5 hereof; (d) by deduction from or offset against
the Refund that would otherwise be due and payable to Seller: (e) by deduction
from or offset against the amount that otherwise would be forwarded to Seller in
respect of any further Advances that may be made by Buyer; or (f) by any
combination of the foregoing as Buyer may from time to time choose.

     4.4. Seller's Agreement to Repurchase All Purchased Receivables. Upon and
after the occurrence of an Event of Default, Seller shall, upon Buyer's demand
(or, in the case of an Event of Default under Section 9(B), immediately without
notice or demand from Buyer) repurchase all the Purchased Receivables then
outstanding , or such portion thereof as Buyer may demand. Such demand may, at
Buyer's option, include and Seller shall pay to Buyer immediately upon demand,
cash in an amount equal to the Advance with respect to each Purchased Receivable
then outstanding together with all accrued Finance Charges, Adjustments,
Administrative Fees, attorney's and professional fees, court costs and expenses
as provided for herein, and any other Obligations. Upon receipt of payment in
full of the Obligations, Buyer shall immediately instruct Account Debtors to pay
Seller directly, and return to Seller any Refund due to Seller. For the purpose
of calculating any Refund due under this Section only, the Reconciliation Date
shall be deemed to be the date Buyer receives payment in good funds of all the
Obligations as provided in this Section 4.4.

     5. Power of Attorney. Seller does hereby irrevocably appoint Buyer and its
successors and assigns as Seller's true and lawful attorney in fact, and hereby
authorizes Buyer, regardless of whether there has been an Event of Default, (a)
to sell, assign, transfer, pledge, compromise, or discharge the whole or any
part of the Purchased Receivables: (b) to demand, collect, receive, sue, and
give releases to any Account Debtor for the monies due or which may become due
upon or with respect to the Purchased Receivables and to compromise, prosecute,
or defend any action, claim, case or proceeding relating to the Purchased
Receivables, including the filing of a claim or the voting of such claims in any
bankruptcy case, all in Buyers name or Seller's name, as Buyer may choose: (c)
to prepare, file and sign Seller's name on any notice, claim, assignment, demand
draft, or notice of or satisfaction of lien or mechanics' lien or similar
document with respect to Purchased Receivables; (d) to notify all Account
Debtors with respect to the Purchased Receivables to pay Buyer directly; (e) to
receive, open, and dispose of all mail addressed to Seller for the purpose of
collecting the Purchased Receivables; (f) to endorse Seller's name on any checks
or other forms of payment on the Purchased Receivables; (g) to execute on behalf
of Seller any and all instruments, documents, financing statements and the like
to perfect Buyer's interests iti the Purchased Receivables and Collateral; and
(h) to do all acts and things necessary or expedient, in furtherance of any such
purposes. If Buyer receives a check or item which is payment for both a
Purchased Receivable and another receivable, the funds shall first be applied to
the Purchased Receivable and, so long as there does not exist an Event of
Default or an event that with notice, lapse of time or otherwise would
constitute an Event of Default, the excess shall be remitted to Seller. Upon the
occurrence and continuation of an Event of Default, all of the power of attorney
rights granted by Seller to Buyer hereunder shall be applicable with respect to
all Purchased Receivables and all Collateral.

6.   Representations, Warranties and Covenants.

     6.1. Receivables' Warranties, Representations and Covenants. To induce
Buyer to buy receivables and to render its services to Seller, and with full
knowledge that the truth and accuracy of the following are being relied upon by
the Buyer in determining whether to accept receivables as Purchased Receivables,
Seller represents, warrants, covenants and agrees, with respect to each Invoice
Transmittal delivered to Buyer and each receivable described therein, that:

         (A) Seller is the absolute owner of each receivable set forth in the
         Invoice Transmittal and has full legal right to sell, transfer and
         assign such receivables; 

          (B) The correct amount of each receivable is as set forth in the
          Invoice Transmittal and is not in dispute;

          (C) The payment of each receivable is not contingent upon the
          fulfillment of any obligation or contract, past or future and any and
          all obligations required of the Seller have been fulfilled as of the
          date of the Invoice Transmittal:

          (D) Each receivable set forth on the Invoice Transmittal is based on
          an actual sale and delivery of goods and/or services actually
          rendered, is presently due and owing to Seller, is not past due or in
          default, has not been previously sold, assigned, transferred, or
          pledged, and is free of any and all liens, security interests 


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          and encumbrances other than liens, security interests or encumbrances
          in favor of Buyer or any other division or affiliate of Silicon Valley
          Bank; (E) There are no defenses, offsets, or counterclaims against any
          of the receivables, and no agreement has been made under which the
          Account Debtor may claim any deduction or discount, except as
          otherwise stated in the Invoice Transmittal; (F) Each Purchased
          Receivable shall be the property of the Buyer and shall be collected
          by Buyer, but if for any reason it should be paid to Seller, Seller
          shall promptly notify Buyer of such payment, shall hold any checks,
          drafts, or monies so received in trust for the benefit of Buyer, and
          shall promptly transfer and deliver the same to the Buyer: (G) Buyer
          shall have the right of endorsement, and also the right to require
          endorsement by Seller, on all payments received in connection with
          each Purchased Receivable and any proceeds of Collateral; (H); Seller,
          2nd to Seller's best knowledge, each Account Debtor set forth in the
          Invoice Transmittal, are and shall remain solvent as that term is
          defined in the United States Bankruptcy Code and the California
          Uniform Commercial Code, and no such Account Debtor has filed or had
          tiled against it a voluntary or involuntary petition for relief under
          the United States Bankruptcy Code; (I) Each Account Debtor named on
          the Invoice Transmittal will not object to the payment for, or the
          quality or the quantity of the subject mailer of, the receivable and
          is liable for the amount set forth on the Invoice Transmittal; (J)
          Each Account Debtor shall promptly be notified, after acceptance by
          Buyer, that the Purchased Receivable has been transferred to and is
          payable to Buyer, and Seller shall not take or permit any action to
          countermand such notification; and (K) All receivables forwarded to
          and accepted by Buyer after the date hereof, and thereby becoming
          Purchased Receivables, shall comply with each and every one of the
          foregoing representations, warranties, covenants and agreements
          referred to above in this Section 6.1.

     6.2. Additional Warranties, Representations and Covenants. In addition to
the foregoing warranties representations and covenants, to induce Buyer to buy
receivables and to render its services to Seller, Seller hereby represents
warrants covenants and agrees that:

         (A) Seller will not assign, transfer, sell, or grant, or permit any
         lien or security interest in any Purchased Receivables or Collateral to
         or in favor of any other party, without Buyer's prior written consent;

         (B) The Seller's name, form of organization, chief executive office,
         and the place where the records concerning all Purchased Receivables
         and Collateral are kept is set forth at the beginning of this Agreement
         Collateral is located only at the location set forth in the beginning
         of this Agreement, or, if located at any additional location, as set
         forth on a schedule attached to this Agreement, and Seller will give
         Buyer at least thirty (30) days prior written notice if such name,
         organization, chief executive office or other locations of Collateral
         or records concerning Purchased Receivables or Collateral is changed or
         added and shall execute any documents necessary to perfect Buyer's
         interest in the Purchased Receivables and the Collateral;

          (C) Seller shall (i) pay all of its normal gross payroll for
          employees, and all federal and state taxes, as and when due, including
          without limitation all payroll and withholding taxes and state sales
          taxes; (ii) deliver at any time and from time to time at Buyer's
          request, evidence satisfactory to Buyer that all such amounts have
          been paid to the proper taxing authorities; and (iii) if requested by
          Buyer, pay its payroll and related taxes through a bank or an
          independent payroll service acceptable to Buyer.

          (D) Seller has not, as of the time Seller delivers to Buyer an Invoice
          Transmittal, or as of the time Seller accepts any Advance from Buyer,
          filed a voluntary petition for relief under the United States
          Bankruptcy Code or had filed against it an involuntary petition for
          relief; 

          (E) If Seller owns, holds or has any interest in, any copyrights
          (whether registered, or unregistered), patents or trademarks, and
          licenses of any of the foregoing, such interest has been disclosed to
          Buyer and is specifically listed and identified on a schedule to this
          Agreement, and Seller shall immediately notify Buyer if Seller
          hereafter obtains any interest in any additional copyrights, patents,
          trademarks or licenses that are significant in value or are material
          to the conduct of its business; and

          (F) Seller shall provide Buyer with a Compliance Certificate (i) on a
          quarterly basis to be received by Buyer no later than the fifth
          calendar day following each calendar quarter, and; (ii) on a more
          frequent or other basis if and as requested by Buyer. 

          (0) Seller permits Buyer to have access to Seller's financial book's
          and record's for the purpose of quarterly audits provided the Buyer
          shall give Seller reasonable notice.

          (H) Seller shall provide Buyer with quarterly 10K and 10Q reports to
          be received by Buyer no later than the fifth calendar day following
          Seller's Security and Exchange Commission filing. 

          (I) Parent and Subsidiary shall provide Buyer with an accounts payable
          and accounts receivable aging on a monthly basis to be received by
          Buyer no later than 5 days following each month end.

     7. Adjustments. In the event of a breach of any of the representations,
warranties, or covenants set forth in Section 6.1, or in the event any
Adjustment or dispute is asserted by any Account Debtor, Seller shall promptly
advise Buyer and shall, subject to the Buyer's approval, resolve such disputes
and advise Buyer of any adjustments. Unless the disputed Purchased Receivable is
repurchased by 


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Seller and the full Repurchase Amount is paid, Buyer shall remain the absolute
owner of any Purchased Receivable which is subject to Adjustment or repurchase
under Section 4.2 hereof, and any rejected, returned, or recovered personal
property, with the right to take possession thereof at any time. If such
possession is not taken by Buyer, Seller is to resell it for Buyer's account at
Seller's expense with the proceeds made payable to Buyer. While Seller retains
possession of said returned goods, Seller shall segregate said goods and mark
them "property of Silicon Valley Financial Services."

     8. Security Interest. To secure the prompt payment and performance to Buyer
of all of the Obligations, Seller hereby grants to Buyer a continuing lien upon
and security interest in all of Seller's now existing or hereafter arising
rights and interest in the following ,whether now owned or existing or hereafter
created, acquired, or arising, and wherever located (collectively, the
"Collateral"):

     (A) All accounts, receivables, contract rights, chattel paper, instruments,
     documents, letters of credit, bankers acceptances, drafts, checks, cash,
     securities, and general intangibles (including, without limitation, all
     claims, causes of action, deposit accounts, guaranties, rights in and
     claims under insurance policies (including rights to premium refunds),
     rights to tax refunds, copyrights, patents, trademarks, rights in and under
     license agreements, and all other intellectual property);

     (B) All inventory, including Seller's rights to any returned or rejected
     goods, with respect to which Buyer shall have all the rights of any unpaid
     seller, including the rights of replevin, claim and delivery, reclamation,
     and stoppage in transit;

     (C) All monies, refunds and other amounts due Seller, including, without
     limitation, amounts due Seller under this Agreement (including Seller's
     right of offset and recoupment);

     (D) All equipment, machinery, furniture, furnishings, fixtures, tools,
     supplies and motor vehicles; 

     (E) All farm products, crops, timber, minerals and the like (including oil
     and gas);

     (F) All accessions to, substitutions for, and replacements of, all of the
     foregoing; 

     (G) All books and records pertaining to all of the foregoing; and

     (H) All proceeds of the foregoing, whether due to voluntary or involuntary
     disposition, including insurance proceeds. Seller is not authorized to
     sell, assign, transfer or otherwise convey any Collateral without Buyer's
     prior written consent, except for the sale of finished inventory in the
     Seller's usual course of business. Seller agrees to sign UCC financing
     statements, in a form acceptable to Buyer, and any other instruments and.
     documents requested by Buyer to evidence perfect, or protect the interests
     of Buyer in the Collateral. Seller agrees to deliver to Buyer the originals
     of all instruments, chattel paper and documents evidencing or related to
     Purchased Receivables and Collateral.

     9. Default. The occurrence of any one or more of the following shall
constitute an Event of Default hereunder.

     (A) Seller fails to pay any amount owed to Buyer as and when due;

     (B) There shall be commenced by or against Seller any voluntary or
     involuntary case under the United States Bankruptcy Code, or any assignment
     for the benefit of creditors, or appointment of a receiver or custodian for
     any of its assets;

     (C) Seller shall become insolvent in that its debts are greater than the
     fair value of its assets, or Seller is generally not paying its debts as
     they become due or is left with unreasonably small capital;

     (0) Any involuntary lien, garnishment, attachment or the like is issued
     against or attaches to the Purchased Receivables or any Collateral;

     (E) Seller shall breach any covenant, agreement, warranty, or
     representation set forth herein, and the same is not cured to Buyer's
     satisfaction within ten (10) days after Buyer has given Seller oral or
     written notice thereof; provided, that if such breach is incapable of being
     cured it shall constitute an immediate default hereunder; 

     (F) Seller is not in compliance with, or otherwise is in default under, any
     term of any document, instrument or agreement evidencing a debt, obligation
     or liability of any kind or character of Seller, now or hereafter existing,
     in favor of Buyer or any division or affiliate of Silicon Valley Bank,
     regardless of whether such debt, obligation or liability is direct or
     indirect, primary or secondary, joint, several or joint and several, or
     fixed or contingent together with any and all renewals and extensions of
     such debts, obligations and liabilities, or any part thereof

     (C) An event of default shall occur under any guaranty executed by any
     guarantor of the Obligation of Seller to Buyer under this Agreement, or any
     material provision of any such guaranty shall for any reason cease to be
     valid or enforceable or any such guaranty shall be repudiated or
     terminated, including by operation of law

     (H) A default or event of default shall occur under any agreement between
     Seller and any creditor of Seller that has entered into a subordination
     agreement with Buyer: or

     (I) Any creditor that has entered into a subordination agreement with Buyer
     shall breach any of the terms of or not comply with such subordination
     agreement.

     10. Remedies Upon Default. Upon the occurrence of an Event of Default, (1)
without implying any obligation to buy receivables, Buyer may cease buying
receivables or extending any financial accommodations to Seller: (2) all or a
portion of the Obligations shall be, at the option of and upon demand by Buyer,
or with respect to an Event of Default described in Section 9(B), automatically
and without notice or demand, due and payable in full: and (3) Buyer shall have
and may exercise all the rights and remedies under this Agreement and under
applicable law, including the rights and remedies of a secured party under the
California Uniform Commercial 


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<PAGE>


Code, all the power of attorney rights described in Section 5 with respect to
all Collateral, and the right to collect, dispose of, sell, tease, use, and
realize upon all Purchased Receivables and all Collateral in any commercial
reasonable manner. Seller and Buyer agree that any notice of sale required to be
given to Seller shall be deemed to be reasonable if given five(S) days prior to
the date on or after which the sale may be held. In the event that the
Obligations are accelerated hereunder, Seller shall repurchase all of the
Purchased Receivables as set forth in Section 4.4.

     11. Accrual of Interest, If any amount owed by Seller hereunder is not paid
when due, including, without limitation, amounts due under Section 3.5,
Repurchase Amounts, amounts due under Section 12, and any other Obligations,
such amounts shall bear interest at a per annum rate equal to the per annum rate
of the Finance Charges until the earlier of (i) payment in good funds or (ii)
entry of a final judgment thereof, at which time the principal amount of any
money judgment remaining unsatisfied shall accrue interest at the highest rate
allowed by applicable law.

     12 Fees, Costs and Expenses; Indemnification. The Seller will pay to Buyer
immediately upon demand all fees, costs and expenses (including fees of
attorneys and professionals and their costs and expenses ) that Buyer incurs or
may from time to time impose in connection with any of the following: (a)
preparing, negotiating , administering, and enforcing this Agreement or any
other agreement executed in connection herewith, including any amendments,
waivers or consents in connection with any of the foregoing, (b) any litigation
or dispute (whether instituted by Buyer, Seller or any other person) in any way
relating to the Purchased Receivables, the Collateral, this Agreement or any
other agreement executed in connection herewith or therewith, (d) enforcing any
rights against Seller or any guarantor, or any Account Debtor, (e) protecting or
enforcing its interest in the Purchased Receivables or the Collateral, (f)
collecting the Purchased Receivables and the Obligations, and (g) the
representation of Buyer in connection with any bankruptcy case or insolvency
proceeding involving Seller, any Purchased Receivable, the Collateral, any
Account Debtor, or any guarantor. Seller shall indemnify and hold Buyer harmless
from and against any and all claims, actions, damages, costs, expenses, and
liabilities of any nature whatsoever arising in connection with any of the
foregoing.

     13. Severability, Waiver, and Choice of Law. In the event that any
provision of this Agreement is deemed invalid by reason of law, this Agreement
will be construed as not containing such provision and the remainder of the
Agreement shall remain in full force and effect, Buyer retains all of its
rights, even if it makes an Advance after a default. If Buyer waives a default,
it may enforce a later default. Any consent or waiver under, or amendment of,
this Agreement must be in writing. Nothing contained herein, or any action taken
or not taken by Buyer at any time, shall be construed at any time to be
indicative of any obligation or willingness on the part of Buyer to amend this
Agreement or to grant to Seller any waivers or consents. This Agreement has been
transmitted by Seller to Buyer at Buyer's office in the State of California and
has been executed and accepted by Buyer in the State of California. This
Agreement shall be governed by and interpreted in accordance with the internal
laws of the State of California.

     14. Lockbox Account Collection Service. Seller shall enter into a three
party agreement (the Lockbox Agreement') with Buyer and a lockbox provider (the
"Lockbox Provider"). The Lockbox Agreement and the Lockbox Provider shall be
acceptable to Buyer. Seller shall use the lockbox address as the payment address
on all invoices issued by Seller and shall direct all its account debtors to
remit their payments to the lockbox address. The Lockbox Agreement shall provide
that the Lockbox Provider shall remit all collections received in the lockbox to
Buyer. Upon Buyer's receipt of such collections and provided that there does not
then exist an Event of Default or event that with nice, lapse or time or
otherwise would constitute an Event of Default, and subject to Buyer's rights in
the Collateral, Buyer agrees to remit to Seller the amount of the receivables
collections it receives with respect to receivables other than Purchased
Receivables. It is understood and agreed that by Seller that this Section does
not impose any affirmative duty on Buyer to do any act other than to turn over
such amounts. All such receivables and collections are collateral and in the
event of Seller's default hereunder, Buyer shall have no duty to remit
collections of Collateral and may apply such collections to the obligations
hereunder and Buyer shall have the rights of a secured party under the
California Uniform Commercial Code.


     15. Notices. All notices shall be given to Buyer and Seller at the
addresses or faxes set forth on the first page of this Agreement and shall be
deemed to have been delivered and received: (a) if mailed, three (3) calendar
days after deposited in the United States mail, first class, postage pre-paid,
(b) one (1) calendar day after deposit with an overnight mail or messenger
service: or (c) on the same date of confirmed transmission if sent by hand
delivery, telecopy, telefax or telex.

     16. Jury Trial. SELLER AND BUYER EACH HEREBY (a) WAIVE THEIR RESPECTIVE
RIGHTS TO A JURY TRIAL ON ANY CLAIM OR ACTION ARISING OUT OF OR IN CONNECTION
WITH THIS AGREEMENT, ANY RELATED AGREEMENTS, OR ANY OF THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY: (b) RECOGNIZE AND AGREE THAT THE FOREGOING
WAIVER CONSTITUTES A MATERIAL INDUCEMENT FOR IT TO ENTER INTO THIS AGREEMENT;
AND (c) REPRESENT AND WARRANT THAT IT HAS REVIEWED THIS WAIVER, HAS DETERMINED
FOR ITSELF THE NECESSITY TO REVIEW THE SAME WITH ITS LEGAL COUNSEL, AND
KNOWINGLY AND VOLUNTARILY WAIVES ALL RIGHTS TO A JURY TRIAL.


                                       7
<PAGE>


     17. Term and Termination. The term of this Agreement shall be for one (1)
year from the date hereof, and from year to year thereafter unless terminated in
writing by Buyer or Seller. Seller and Buyer shall each have the right to
terminate this Agreement at any time. Notwithstanding the foregoing, any
termination of this Agreement shall not affect Buyer's security interest in the
Collateral and Buyer's ownership of the Purchased Receivables, and this
Agreement shall continue to be effective, and Buyer's rights and remedies
hereunder shall survive such termination, until all transactions entered into
and Obligations incurred hereunder or in connection herewith have been completed
and satisfied in full.

     18. Titles and Section Headings. The titles and section headings used
herein are for convenience only and shall not be used in interpreting this
Agreement.

     19. Other Agreements. The terms and provisions of this Agreement shall not
adversely affect the rights of Buyer or any other division or affiliate of
Silicon Valley Bank under any other document, instrument or agreement. The terms
of such other documents, instruments and agreements shall remain in full force
and effect notwithstanding the execution of this Agreement. In the event of a
conflict between any provision of this Agreement and any provision of any other
document, instrument or agreement between Seller on the one hand, and Buyer or
any other division or affiliate of Silicon Valley Bank on the other hand, Buyer
shall determine in its sole discretion which provision shall apply. Seller
acknowledges specifically that any security agreements, liens and/or security
interests currently securing payment of any obligations of Seller owing to Buyer
or any other division or affiliate of Silicon Valley Bank also secure Seller's
obligations under this Agreement, and are valid and subsisting and are not
adversely affected by execution of this Agreement. Seller further acknowledges
that (a) any collateral under other outstanding security agreements or other
documents between Seller and Buyer or any other division or affiliate of Silicon
Valley Bank secures the obligations of Seller under this Agreement and (b) a
default by Seller under this Agreement constitutes a default under other
outstanding agreements between Seller and Buyer or any other division or
affiliate of Silicon Valley Bank.

     IN WITNESS WHEREOF, Seller and Buyer have executed this Agreement on the
day and year above written.

PARENT:    VISTA Information Solutions, Inc.




By
Title



SUBSIDIARY:     E/RISK Information Systems




By

Title



BUYER:    SILICON VALLEY FINANCIAL SERVICES
          A division of Silicon Valley Bank



By

Title





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