Exhibit 23.2
                                       
                       Consent of Independent Auditors

We consent to the reference to our firm under the caption "Experts" in the 
Proxy Statement of LIFE Financial Corporation that is made a part of the 
Registration Statement (Form S-4 to be filed on or about August 28, 1998) and 
related Prospectus of FIRSTPLUS Financial Group, Inc. for the registration 
of 4,400,000 shares of its common stock and to the incorporation by reference 
therein of our report dated October 30, 1997, with respect to the 
consolidated financial statements of FIRSTPLUS Financial Group, Inc., 
included in its Annual Report (Form 10-K) for the year ended September 30, 
1997, filed with the Securities and Exchange Commission.


                                             /s/ Ernst & Young LLP

Dallas, Texas
August 24,1998