Exhibit 31.2




CERTIFICATIONS




I, Jack (J.D.) Draper, President and Chief Executive Officer of
FIRSTPLUS Financial Group, Inc., certify that:


|1. |  | I have reviewed this Annual Report on Form 10-KSB for the year
ended December 31, 2005 of FIRSTPLUS Financial Group, Inc.;
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|2. |  | Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this report;
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|3. |  | Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of
the small business issuer as of, and for, the periods presented in this report;
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|4. |  | The small business issuers other certifying officer(s) and
I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for
the small business issuer and have:
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|(a) |  | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this report is being prepared;
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|(b) |  | Evaluated the effectiveness of the small business issuers disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
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|(c) |  | Disclosed in this report any change in the small business issuers internal control over financial reporting that occurred during the small
business issuers most recent fiscal quarter (the small business issuers fourth fiscal quarter in the case of an annual report) that has
materially affected, or is reasonably likely to materially affect, the small business issuers internal control over financial reporting; and
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|5. |  | The small business issuers other certifying officer(s) and
I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuers auditors and
the audit committee of the small business issuers board of directors (or persons performing the equivalent functions):
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|(a) |  | All significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuers
ability to record, process, summarize and report financial information; and
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|(b) |  | Any fraud, whether or not material, that involves management or
other employees who have a significant role in the small business issuers internal control over financial reporting.
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Date: March 31, 2006




/s/ Jack (J.D.) Draper Jack (J.D.) Draper
President and Chief Executive Officer Principal Accounting Officer


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