Friday January 14, 2000

MEGO FINANCIAL CORP., posts 1Q EPS $0.19 vs. loss of $0.21

MEGO FINANCIAL CORP. Interim Consol. Earns. Nov. '99-- Thou. US Dollars

3 Mos. to Nov. 30:	1999	1998
Revenues	20,697	16,865
Net income	655	(740)
Share earns. (basic)	$0.19	($0.21)
Share earns. (diluted)	$0.19	($0.21)
Note: a Results for 1998 were adjusted for Sept. '99 1-for-6 reverse stock split.

NEW YORK (Standard & Poor's)--Jan 13, 2000, MEGO FINANCIAL CORP., announced 1Q EPS $0.19 vs. loss of $0.21.

Results for 1998 were adjusted for Sept. '99 1-for-6 reverse stock split.