What does 1ST FRNKLN mean on my credit report?

Learn about 1ST FRNKLN, an personal s offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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What is 1ST FRNKLN?

1ST FRNKLN is shorthand for 1st Franklin Financial, with the company name being 1st Franklin Financial LLC

1ST FRNKLN is a Personal Loans provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with 1st Franklin Financial.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for 1st Franklin Financial:


  • 135 E. Tugalo Street, P.O. Box 880, Toccoa, GA 30577





1st Franklin Financial offers customers installment loans with fixed rates and fixed payments, allowing customers to pay off the loan in the time frame that works best for them. They also offer same-day loans in some cases. You can begin the application process electronically by clicking the “Apply Now” button. If approved, you could have the money you need as soon as the next day. Customers can make payments directly to 1st Franklin Financial online, at our location, or through the mail. The maximum APR is 21.99%, fees and interest rates vary by state. Premier loan availability is limited to current and former premier loan customers, for a limited time. Active duty military, their spouse or dependents covered by the Military Lending Act (“MLA”) may not pledge a vehicle as collateral.

Question Answer
Can I make payments over the phone? Yes
Can I make payments online? Yes
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

1st Franklin offers loan consolidation as a way to pay off high-interest debt faster with fixed monthly payments at a fixed interest rate. To qualify for loan forgiveness, applicants must meet 1st Franklin Financial Corporation’s credit criteria for a Premier loan, including annual income, debt ratios, and credit history.

Question Answer
Do they offer loan consolidation? Yes

How to Apply

First Franklin Financial offers loans that can be applied for online, over the phone, or in person. You may also use a mobile app to apply. Loans may be approved the next day. A cosigner may be used.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? Yes
Can I apply for a loan in person? Yes
Can I apply for a loan using a mobile app? Yes
Can I apply for a loan with a cosigner? Yes

IdentityIQ Report Example

  • This is an example of what this creditor will look like on your IdentityIQ report.

1ST FRNKLN IdentityIQ Report

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can it be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.

How do I remove 1ST FRNKLN from my credit report?

You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.