Exhibit 99.1

                       Certificate Pursuant to Section 906
                        Of the Sarbanes-Oxley Act of 2002


I, Forrest E. Ferrell,  the Chief Executive Officer of HomeGold Financial,  Inc.
(the "Company"), hereby certify that to the best of my knowledge:

     1.   The Company's Form 10-Q for the quarterly  period ended  September 30,
          2002 (the "Report")  fully complies with the  requirements  of section
          13(a) or 15(d), as applicable,  of the Securities Exchange Act of 1934
          (15 U.S.C. 78m or 78o(d)); and

     2.   The  information  contained  in the  Report  fairly  presents,  in all
          material respects,  the financial  condition and results of operations
          of the Company at the dates and for the periods indicated.

The foregoing certification is made solely for the purpose of complying with the
requirements  of Section 906 of the  Sarbanes-Oxley  Act of 2002 (18 U.S.C.  ss.
1350)  and  may not be  relied  upon  by  anyone  for  any  other  purpose.  The
undersigned  expressly  disclaims any undertaking to update such  certifications
except as required by law.


Date:  November 19, 2002
                                      /s/ Forrest E. Ferrell
                                      ----------------------------------
                                      Ronald J. Sheppard
                                      Chief Executive Officer