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)          August 20, 1999
                                                         -----------------------

                                 FiNet.com, Inc.
--------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)

                                    Delaware
--------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)


        0-18108                                            94-3115180
------------------------------              ------------------------------------
(Commission File Number)                    (I.R.S. Employer Identification No.)

3021 Citrus Circle, Suite 150, Walnut Creek, California                94598
--------------------------------------------------------------------------------
         (Address of Principal Executive Offices)                     (Zip Code)

                                 (925) 988-6550
--------------------------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)

                           Finet Holdings Corporation
--------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

<PAGE>

Item 5:  Other Events

Acquisition of Certain Assets of Lowestrate.com, Inc.

On August 20, 1999 FiNet.com,  Inc. (the "Company")  acquired certain operations
and assets of  Lowestrate.com,  Inc.  ("Lowestrate").  The assets  included  the
trademark  "Lowestrate.com"  and the related  website and certain  equipment and
software.  The purchase price for the acquired  assets was 1.4 million shares of
FiNet common  stock,  560,000 of which were issued at closing and the  remainder
into escrow subject to release to Lowestrate  upon the  satisfaction  of certain
contingencies.  FiNet  has  agreed  to file a  registration  statement  with the
Securities and Exchange  Commission  covering the resale of the shares.  Certain
ancillary  agreements  were  entered  into in  connection  with the  acquisition
including a $500,000 one year loan to Lowestrate  secured by the escrowed shares
and consulting and employment agreements with Robert J. Ross,  Lowestrate's sole
shareholder.

     The description of the Asset Purchase  Agreement herein,  which is filed as
an exhibit to this Form 8-K, does not purport to be complete and is qualified in
its entirety by the provisions of the Asset Purchase Agreement.

     Attached hereto as Exhibit 99.1 and  incorporated by reference  herein is a
press  release  issued by FiNet on August 24,  1999  relating  to the  foregoing
transaction.

Item 7. Exhibits

Item 7.  Financial Statements and Exhibits.

      Exhibit No.       Description
      Exhibit 5.1       Asset Purchase Agreement dated August 20, 1999 between
                        Lowestrate.com, Inc., FiNet.com, Inc. and Robert J. Ross
      Exhibit 5.2       Registration Rights Agreement dated August 20, 1999
                        between Lowestrate.com, Inc. and FiNet.com, Inc.
      Exhibit 5.3       Loan and Security Agreement between Lowestrate.com, Inc.
                        and FiNet.com, Inc.
      Exhibit 5.4       Employment Agreement dated August 20, 1999
                        between FiNet.com, Inc. and Robert J. Ross
      Exhibit 99.1      Press Release dated August 24, 1999

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

                                    FiNet.com, Inc.



                                    By: /s/ MARK L. KORELL
                                       - - - - - - - - - - - - - - - - - - - - -
                                       Mark L. Korell
                                       Chairman and Chief Executive Officer


<PAGE>


                                  EXHIBIT INDEX

                                                                    Sequentially
Exhibit No.        Document                                        Numbered Page
----------         --------                                        -------------
Exhibit 5.1        Asset Purchase Agreement dated August 20,
                     1999 between Lowestrate.com, Inc.,
                     FiNet.com, Inc. and Robert J. Ross                    5
Exhibit 5.2        Registration Rights Agreement dated August 20,
                    1999 between  Lowestrate.com, Inc.
                    and FiNet.com, Inc.                                    23
Exhibit 5.3        Loan and Security Agreement between
                    Lowestrate.com, Inc. and  FiNet.com, Inc.              27
Exhibit 5.4        Employment Agreement dated August 20, 1999
                   between FiNet.com, Inc. and Robert J. Ross              33
Exhibit 99.1       Press Release dated August 24, 1999                     40
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 5428}]
{"company-data": {"conformed-name": "FINET COM INC", "cik": "0000852450", "assigned-sic": "6162", "irs-number": "943115180", "state-of-incorporation": "DE", "fiscal-year-end": "0430"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-18108", "film-number": "99700450"}, "business-address": {"street1": "3021 CITRUS CIRCLE STE 150", "city": "WALNUT CREEK", "state": "CA", "zip": "94598", "phone": "9259065800"}, "mail-address": {"street1": "3021 CITRUS CIRCLE", "street2": "STE 150", "city": "WALNUT CREEK", "state": "CA", "zip": "94598"}, "former-company": [{"former-conformed-name": "FINET HOLDINGS CORP", "date-changed": "19920703"}, {"former-conformed-name": "WILLIAM & CLARISSA INC", "date-changed": "19920525"}]}
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)          August 20, 1999
                                                         -----------------------

                                 FiNet.com, Inc.
--------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)

                                    Delaware
--------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

        0-18108                                            94-3115180
------------------------------              ------------------------------------
(Commission File Number)                    (I.R.S. Employer Identification No.)

3021 Citrus Circle, Suite 150, Walnut Creek, California                94598
--------------------------------------------------------------------------------
         (Address of Principal Executive Offices)                     (Zip Code)

                                 (925) 988-6550
--------------------------------------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)

                           Finet Holdings Corporation
--------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)
Item 5:  Other Events

Acquisition of Certain Assets of Lowestrate.com, Inc.

On August 20, 1999 FiNet.com,  Inc. (the "Company")  acquired certain operations
and assets of  Lowestrate.com,  Inc.  ("Lowestrate").  The assets  included  the
trademark  "Lowestrate.com"  and the related  website and certain  equipment and
software.  The purchase price for the acquired  assets was 1.4 million shares of
FiNet common  stock,  560,000 of which were issued at closing and the  remainder
into escrow subject to release to Lowestrate  upon the  satisfaction  of certain
contingencies.  FiNet  has  agreed  to file a  registration  statement  with the
Securities and Exchange  Commission  covering the resale of the shares.  Certain
ancillary  agreements  were  entered  into in  connection  with the  acquisition
including a $500,000 one year loan to Lowestrate  secured by the escrowed shares
and consulting and employment agreements with Robert J. Ross,  Lowestrate's sole
shareholder.

     The description of the Asset Purchase  Agreement herein,  which is filed as
an exhibit to this Form 8-K, does not purport to be complete and is qualified in
its entirety by the provisions of the Asset Purchase Agreement.

     Attached hereto as Exhibit 99.1 and  incorporated by reference  herein is a
press  release  issued by FiNet on August 24,  1999  relating  to the  foregoing
transaction.

Item 7. Exhibits

Item 7.  Financial Statements and Exhibits.

      Exhibit No.       Description
      Exhibit 5.1       Asset Purchase Agreement dated August 20, 1999 between
                        Lowestrate.com, Inc., FiNet.com, Inc. and Robert J. Ross
      Exhibit 5.2       Registration Rights Agreement dated August 20, 1999
                        between Lowestrate.com, Inc. and FiNet.com, Inc.
      Exhibit 5.3       Loan and Security Agreement between Lowestrate.com, Inc.
                        and FiNet.com, Inc.
      Exhibit 5.4       Employment Agreement dated August 20, 1999
                        between FiNet.com, Inc. and Robert J. Ross
      Exhibit 99.1      Press Release dated August 24, 1999

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

                                    FiNet.com, Inc.

                                    By: /s/ MARK L. KORELL
                                       - - - - - - - - - - - - - - - - - - - - -
                                       Mark L. Korell
                                       Chairman and Chief Executive Officer
EXHIBIT INDEX

                                                                    Sequentially
Exhibit No.        Document                                        Numbered Page
----------         --------                                        -------------
Exhibit 5.1        Asset Purchase Agreement dated August 20,
                     1999 between Lowestrate.com, Inc.,
                     FiNet.com, Inc. and Robert J. Ross                    5
Exhibit 5.2        Registration Rights Agreement dated August 20,
                    1999 between  Lowestrate.com, Inc.
                    and FiNet.com, Inc.                                    23
Exhibit 5.3        Loan and Security Agreement between
                    Lowestrate.com, Inc. and  FiNet.com, Inc.              27
Exhibit 5.4        Employment Agreement dated August 20, 1999
                   between FiNet.com, Inc. and Robert J. Ross              33
Exhibit 99.1       Press Release dated August 24, 1999                     40