<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>7
<FILENAME>g87473a2exv23w2.txt
<DESCRIPTION>EX-23.2 ERNST & YOUNG CONSENT
<TEXT>
<PAGE>

                                                                    Exhibit 23.2


                        CONSENT OF INDEPENDENT AUDITORS


We consent to the reference to our firm under the caption "Experts" and to the
use of our report dated June 9, 2003, in the Registration Statement
(Amendment No. 2 to Form S-2 No. 333-113215) and related Prospectus of Nicholas
Financial Inc. and subsidiaries for the registration of 2,760,000 shares
of its common stock.


                                                           /s/ Ernst & Young LLP
Atlanta, GA
April 6, 2004


</TEXT>
</DOCUMENT>
