UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                    FORM 8-K


                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


Date of report (Date of earliest event reported)  May 2, 2005
                                                  -----------------------------

                         FIRSTPLUS Financial Group, Inc.
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             (Exact Name of Registrant as Specified in Its Charter)

                                     Nevada
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                 (State or Other Jurisdiction of Incorporation)

       0-27750                                            75-2561085
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Commission File Number)                       (IRS Employer Identification No.)

5100 North O'Connor Blvd., 6th Floor
Irving, Texas                                           75039
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(Address of Principal Executive Offices)              (Zip Code)

                                 (214) 231-7600
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              (Registrant's Telephone Number, Including Area Code)

- -------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

     Check the  appropriate  box below if the Form 8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     |_|  Written  communications  pursuant to Rule 425 under the Securities Act
          (17 CFR 230.425)

     |_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
          CFR 240.14a-12)

     |_|  Pre-commencement  communications  pursuant to Rule 14d-2(b)  under the
          Exchange Act (17 CFR 240.14d-2(b))

     |_|  Pre-commencement  communications  pursuant to Rule 13e-4(c)  under the
          Exchange Act (17 CFR 240.13e-4(c))



Item 7.01    Regulation FD Disclosure.

     The registrant is furnishing the attached Business Summary for the Calendar
Year  2004  and  Answers  to  Frequently  Asked  Questions  Regarding  FirstPlus
Financial Group,  Inc. as Exhibit 99.1 and Exhibit 99.2,  respectively,  to this
Current  Report on Form 8-K.  By filing  this  Current  Report on Form 8-K,  the
registrant does not acknowledge  that disclosure of this information is required
by Regulation FD or that the information  was material or non-public  before the
disclosure. This information shall not be deemed "filed" for purposes of Section
18 of the Securities  Exchange Act of 1934, as amended (the "Exchange  Act"), or
incorporated  by reference in any filing under the  Securities  Act of 1933,  as
amended, or the Exchange Act, except as shall be expressly set forth by specific
reference  in  such  a  filing.   The  exhibits   contain  and  may   implicate,
forward-looking  statements  regarding  the  registrant  and include  cautionary
statements  identifying  important  factors that could cause  actual  results to
differ materially from those anticipated.

Item 9.01    Financial Statements and Exhibits

          (a)   Not applicable.

          (b)   Not applicable.

          (c)   Exhibits.

                Exhibit No.         Description of Exhibit

                  99.1              Business Summary for the Calendar Year 2004

                  99.2              Answers to Frequently Asked Questions
                                    Regarding FirstPlus Financial Group, Inc.








                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


Date:  May 2, 2005                        FIRSTPLUS FINANCIAL GROUP, INC.


                                          By: /s/ Jack (J.D.) Draper
                                              ---------------------------------
                                              Jack (J.D.) Draper
                                              President





                                  EXHIBIT INDEX

        Exhibit No.           Description of Exhibit

           99.1               Business Summary for the Calendar Year 2004

           99.2               Answers to Frequently Asked Questions Regarding
                              FirstPlus Financial Group, Inc.