Exhibit 10.4

            [Form of Renewal Notice for Subordinated One Month Notes]



The Thaxton Group                                                         [Date]
1524 Pageland Highway                                Note No.             [####]
Lancaster, SC  29720                                 Maturity Value      $
                                                     Maturity Date        [Date]
                                                     New Maturity Date    [Date]



We are pleased to advise you that your subordinated note listed above will renew
at ____% per annum IF YOU DO NOT REDEEM IT WITHIN TEN DAYS AFTER THE MATURITY
DATE. Please call us at 1-888-THAXTON IF YOU WISH TO REDEEM YOUR NOTE, if you
would like to receive a copy of the prospectus or if you have any questions.

Thank you.

                  [Name of holder]
                  [Address of holder]