Filed Pursuant to Rule 424(b)(3)
Registration No. 333-14171
6,434,970 Shares of Common Stock
$100,000,000 7.25% Convertible Subordinated Notes Due 2003
FIRSTPLUS FINANCIAL GROUP, INC.
(f/k/a RAC FINANCIAL GROUP, INC.)
SEVENTH SUPPLEMENT DATED MARCH 25, 1998
TO PROSPECTUS DATED DECEMBER 6, 1996
Terms used in this Supplement and not otherwise
defined are used as defined in the Prospectus
On December 13, 1996, FIRSTPLUS Financial Group, Inc. (f/k/a RAC Financial
Group, Inc.) (the "Company") filed a prospectus (the "Prospectus") relating to,
among other things, the resale of $100,000,000 of 7.25% Convertible Subordinated
Notes Due 2003 ("Notes"), and on December 17, 1996, December 30, 1996, January
7, 1997, January 8, 1997, April 4, 1997 and May 6, 1997, the Company filed
supplements to the table appearing on page 85 of the Prospectus, listing certain
persons and entities as Selling Holders (the "Selling Holders Table").
Based on the information that was then available to the Company, certain
persons and entities were listed as Selling Holders on the Selling Holders
Table. Since that time, the Company has learned that one of the Selling Holders
owns a greater amount of Notes than was initially reported. As a result, the
Company has prepared this Supplement to the Selling Holders Table of the
Prospectus by providing the following information:
Aggregate Principal Amount of Number of Shares of
Name of Selling Holder Notes Owned That May be Sold Common Stock Issuable
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Goldman, Sachs & Co $3,320,000 203,681
