EXHIBIT 23.1


                         INDEPENDENT AUDITOR'S CONSENT


The Board of Directors
HomeGold Financial, Inc.

     We consent to incorporation by reference in the registration  statements on
Form S-8 (No.  333-07925)  1995  Director  Stock  Option Plan Stock  Plan,  (No.
333-07927) 1995 Restricted  Stock Agreement Plan, (No.  333-07923) 1995 Employee
Stock Option Plan, as amended by S-8 No.  333,58861,  (No.  333-20179)  Employee
Stock  Purchase Plan of HomeGold  Financial,  Inc. and the S-8 filed on or about
June 11, 2002 (333-XXXXX)  amending the HomeGold  Financial,  Inc. 1995 Employee
and Officer Stock Option Plan and the HomeGold  Financial,  Inc.  Employee Stock
Purchase  Plan to increase  the  issuable  shares  under the Plans by a total of
900,000 shares of our report dated April 8, 2002,  relating to the  consolidated
balance sheets of HomeGold  Financial,  Inc. and subsidiaries (the "Company") as
of  December  31,  2001 and  2000 and the  related  consolidated  statements  of
operations,  shareholders  deficit  and cash  flows for each of the years in the
three-year  period ended  December 31,  2001,  which report  appears in the 2001
Annual Report on Form 10-K of the Company.

                                 /s/ Elliott Davis LLC


Elliott Davis, LLC
Greenville, South Carolina
June 11, 2002