Exhibit 23.2


                           CONSENT OF INDEPENDENT AUDITORS
   
We consent to the reference to our firm under the captions "Summary -- 
Conditions to the Merger; Termination of the Merger Agreement," "Summary -- 
Accounting Treatment," "The Merger -- Accounting Treatment" and "Experts" 
in Amendment No. 1 to the Registration Statement (Form S-4 No. 333-25715) and 
related Prospectus of FIRSTPLUS Financial Group, Inc. for the registration of 
1,243,134 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.
    
                                /s/  Ernst & Young LLP
                             

Dallas, Texas 
   
July 2, 1997