Consent of Independent Certified Public Accountants

We  consent  to  the  reference  to  our firm under the caption "Experts" in the
Registration Statement (Form S-3) and related Prospectus of Mego Financial Corp.
for  the  registration  of  780,984  shares  of  its  common  stock  and  to the
incorporation  by  reference therein of our report dated November 16, 2001, with
respect  to  the  consolidated  financial  statements  of  Mego  Financial Corp.
included  in  its Annual Report on Form 10-K for the year ended August 31, 2001,
filed  with  the  Securities  and  Exchange  Commission.


                                             /s/ Ernst  &  Young  LLP

Miami,  Florida
May 7,  2002













                              Exhibit 23.1 - Page 1