October 5, 1999

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549

Gentlemen:

We have read Item 4 of Form 8-K dated  October  5, 1999 of  FIRSTPLUS  Financial
Group,  Inc. and are in agreement  with the  statements  contained in the first,
second,  third  and  fourth  paragraphs  on page two and the  first  and  second
paragraphs  on page three  therein.  We have no basis to agree or disagree  with
other statements of the registrant contained therein.

                                                     ERNST & YOUNG LLP