December 15, 2004

Securities and Exchange Commission
Attn:  Mr. Robert Burnett
Mail Stop 3-8
Washington, D.C.  20549


Dear Mr. Burnett:

I received your letter dated  November 12, 2004  regarding  Item 4.01 of EZCORP,
Inc.'s Form 8-K filed  October 12, 2004.  In bold italics below are the comments
in your letter, and in plain text is our response.

I  assume  that  our  response  will  be  held in  confidence,  subject  only to
disclosure  pursuant to proper  requests  under the Freedom of  Information  Act
("FOIA").  I assume that any disclosure by the Staff of the  information in this
letter will comply with those  procedures and request,  as a courtesy,  that you
inform me if you become aware of any FOIA request regarding this response.

Staff Comments:

     1.   We believe that the facts indicated in your filing represents a future
          dismissal of Ernst & Young. You will need to file an amendment to this
          Form 8-K when Ernst & Young is no longer  serving in any  capacity  as
          your principal  accountant.  The amended Form 8-K should disclose this
          date and state that  there are still no  disagreements,  if true.  The
          amendment  should  also  include an updated  letter from Ernst & Young
          indicating  whether  or not they  agree  with the  disclosures  in the
          amendment.

     2.   We suggest the amendment  indicate you dismissed  Ernst & Young rather
          than saying they were terminated. "Dismissed" is the term specified in
          Rule 3-04 of Regulation S-X.

Response:  Ernst & Young's work as our principal accountant is now complete, and
we have  notified  them of  their  dismissal  as our  principal  accountant.  On
December 15, 2004, we filed the requested  amendment to our Form 8-K, addressing
the issues raised in your comments above.

We also acknowledge that:

     o    the  Company is  responsible  for the  adequacy  and  accuracy  of the
          disclosures in the filing;

     o    staff  comments or changes to disclosure in response to staff comments
          do not foreclose the Commission from taking any action with respect to
          the filing; and

     o    the Company may not assert this action as a defense in any  proceeding
          initiated by the Commission or any person under the federal securities
          laws of the United States.


Sincerely,


/s/  Dan N. Tonissen
Dan N. Tonissen
Senior Vice President, Chief Financial Officer, and Director