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 October 15, 1997) and
related Prospectus of FIRSTPLUS Financial Group, Inc. for the registration of
500,000 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 known as RAC Financial
Group, Inc., incorporated by reference 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
October 9, 1997