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                                                                    EXHIBIT 23.3





INDEPENDENT AUDITORS' CONSENT

We consent to the incorporation by reference in this Registration Statement of
United Companies Financial Corporation on Form S-3 of the report of Deloitte &
Touche dated February 18, 1994, appearing in and incorporated by reference in
the Annual Report on Form 10- K of United Companies Financial Corporation for
the year ended December 31, 1993, and to the reference to Deloitte & Touche LLP
under the headings "Selected Financial and Other Data" and "Experts" in the
Prospectus, which is part of this Registration Statement.


/s/ Deloitte & Touche LLP


Baton Rouge, Louisiana
August 24, 1994