[BDO Seidman, LLP Letterhead]

May 1, 2003

Securities and Exchange Commission
450 5th Street NW.
Washington D 20549
Gentlemen:

We  have  been furnished with a copy of the response to Item 4 of Form 8-K/A for
the  event  that  occurred  on April 14, 2003, to be filed by our former client,
Mego  Financial Corp. ("Mego"). We agree with the statements made in response to
that  Item  insofar  as  they  relate  to  our  Firm.

However, we make no comment on the statements about the engagement of
L.J. Soldinger Associates, LLC to review the allegations or the selection of
Singer Lewak Greenbaum & Goldstein LLP as the Company's new independent
auditors.

Very truly yours,

/s/ BDO Seidman, LLP

BDO Seidman, LLP