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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 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): December 19, 1997
                                                         -----------------------

                         FIRSTPLUS FINANCIAL GROUP, INC.
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             (Exact name of registrant as specified in its charter)



          NEVADA                         0-27550                75-2561085
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(State or other jurisdiction of     (Commission File           (IRS Employer
       incorporation)                    Number)             Identification No.)

1600 VICEROY, 8TH FLOOR, DALLAS, TEXAS                                  75235
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(Address of principal executive offices)                              (Zip Code)


Registrant's telephone number, including area code:  (214) 599-6400
                                                    ----------------------------


                            RAC FINANCIAL GROUP, INC.
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(Former name or former address, if changed since last report)


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ITEM 5.  OTHER EVENTS
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     The Registrant files herewith the exhibit listed in Item 7(c) below.

ITEM 7(C).  EXHIBITS
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     The  following  exhibit  is  furnished  in  accordance  with  Item  601  of
Regulation S-K:

                  99       Press Release


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                                   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.

                                  FIRSTPLUS FINANCIAL GROUP, INC.
                                  (Registrant)


Date: December 22, 1997           /s/ William P. Benac
                                  ----------------------------------------------
                                  William P. Benac
                                  Chief Financial Officer


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                                INDEX TO EXHIBITS




    EXHIBIT                                                         SEQUENTIALLY
      NO.                            EXHIBIT                       NUMBERED PAGE
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      99             Press Release


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