Credit Online, Inc., a wholly owned subsidiary of Credit Management Solutions, Inc. (CMSI) has announced that StraightAway, a provider of sales and financing services for private auto buyers and sellers, will use the Credit Online technology to offer online financing to its customers.

Credit Online's patented CreditOnline network and CreditConnection(R) service are technologies that instantly and electronically connect users to credit bureaus, and multiple funding sources or "electronic" lenders throughout the U.S. and Canada via the Internet. The service is available 24 hours a day, seven days a week, expediting the credit application approval process from days to minutes, according to Howard L. Tischler, president and CEO of Credit Online.

StraightAway offers services such as sales assistance; financing; inspections and warranties; and the handling of all DMV details. StraightAway is presently engaged in a pilot of its services in Pep Boys stores throughout central Florida, and if successful, will pursue a market-by-market nationwide expansion beginning in 2001. Private buyers and sellers will be able to take advantage of StraightAway's services in three ways: in person at Pep Boys, by telephone or via the Internet at www.straight-away.com.

"We are pleased to be part of StraightAway's strategy to facilitate consumer-to-consumer vehicle sales," Tischler said. "Incorporating the Credit Online technology into StraightAway's service will provide consumers the support they need to efficiently and conveniently conduct the financing portion of buying and selling cars."

StraightAway will use the Credit Online technology for rapid online access to credit bureaus, and to obtain financing decisions for their clients within minutes, according to Ben Freeland, CEO of StraightAway. "Arranging financing can be the most complicated and time-consuming part of the car-buying process," Freeland said. "Through the Credit Online technology, StraightAway will be able to simplify and speed the process of assisting our customers with their specific financing needs."

About CMSI

Since it was founded in 1987, CMSI has been a provider of credit automation software and services, including online lending and leasing technology.

The company's e-commerce subsidiary, Credit Online, Inc., credit-enables business-to-business transactions through its Internet gateway and its patented CreditConnection technology, which links credit originators such as automobile dealers and borrowers with an extensive network of leading prime and non-prime lenders.

Through its CMSI Systems, Inc. subsidiary, CMSI licenses credit decisioning and other automation systems and services for consumer and business credit.

For more information on Credit Online, Inc., visit www.credit-online.com

About StraightAway

Founded in 1998, Naples, Fla.-based StraightAway is a completely new approach to buying and selling used vehicles, according to CEO Ben Freeland. "Offering better value to sellers than a trade-in, and offering buyers the convenience of a dealer, StraightAway gives both buyers and sellers more value and less hassle," Freeland said.

For more about StraightAway, visit www.straight-away.com.