Exhibit 23.1






                           CONSENT OF INDEPENDENT AUDITORS


We consent to the reference to our firm under the caption "Experts" in the
Registration Statement (Form S-3 to be filed on or about March 28, 1997) and
related Prospectus of FirstPlus Financial Group, Inc. for the registration of
552,239 shares of its common stock and to the incorporation by reference therein
of our report dated October 25, 1996, with respect to the consolidated financial
statements of FirstPlus Financial Group, Inc., formerly RAC Financial Group,
Inc., included in its Annual Report (Form 10-K) for the year ended September 30,
1996, filed with the Securities and Exchange Commission.




                                       Ernst & Young LLP

Dallas, Texas
March 27, 1997