1st Franklin Financial Review: Scam or Legit?

1st Franklin Financial has been providing quality financial solutions to local communities across the southeast for the past 75 years. With over 320 branches, 1st Franklin Financial is a go-to source for affordable loans and other financial services. The company encourages customers to visit its website, 1ffc.com, to learn more about the company, view its products and services, and apply for a loan. 1st Franklin Financial is a reliable and trusted resource for those looking for financial assistance.

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The 1st Franklin Financial Report

When it comes to choosing a loan, it’s important to do your research and pick the lender that offers the most flexible terms that best fit your needs. 1st Franklin Financial has been gaining a lot of attention recently and it’s worth considering whether they’re the right lender for you. They offer competitive rates, flexible repayment terms, and quick approval times. They also have knowledgeable staff to help walk you through the entire loan process. Before making a decision, it’s important to compare the rates and terms of 1st Franklin Financial with other lenders to make sure you’re getting the best deal for your loan.

Upon further examination of their website and the accompanying paperwork, certain aspects of their offerings stood out. These are the aspects that we noticed:

• Fees and interest rates vary by state, but the maximum APR is 21.99%. 
• There are repayment terms of 18, 24, 36, 48, and 60 months available.
• There is a maximum loan amount of $15,000 offered by 1st Franklin Financial.
• The availability of premier loans is limited to current and former customers, for a limited period of time. 
• Education or vocational training expenses, purchase of securities, gambling, or illegal activities are not eligible for loans from 1st Franklin Financial.

Who Is 1st Franklin Financial?

1st Franklin Financial Corporation is an established financial services provider that has been in business since 1941. The company is headquartered in Toccoa, GA, and provides a range of services to its customers. They specialize in offering financial assistance to those in need, allowing customers to access affordable loans with great customer service. Customers can reach 1st Franklin Financial Corporation by calling (706) 886-7571 to discuss their options. With decades of experience in the financial services industry, 1st Franklin Financial Corporation is an excellent choice for individuals and businesses looking for assistance with their financial needs.

1st Franklin Financial has an A- rating from the Better Business Bureau (BBB) but is not accredited by the BBB. Although they have an average of 18 customer reviews, 63 complaints from businesses closed in the last 3 years have resulted in a 1.5-star rating from customers out of a 5-star rating. This is a sign that customers are not wholly satisfied with their experience working with 1st Franklin Financial and suggest that the company should look into improving customer service and satisfaction.

First Franklin Financial: How Does It Work?

1st Franklin Financial is a lender with branches in six states – Georgia, Alabama, South Carolina, Mississippi, Louisiana, and Tennessee. With 110 branches in operation, Georgia has the highest number of branches, while Tennessee has the least with 21. This makes it possible for individuals and families living in these states to find a local branch close to them to take out a personal loan. By having branches in multiple states, 1st Franklin Financial is able to serve more people with their personal loan services.

For those looking for fast loan approval times, 1st Franklin Financial is the perfect option. With some decisions possible as soon as the next day, customers can be sure that their loan applications will be processed quickly. However, applications submitted over the weekend will not be reviewed until the following Monday, and responses will be sent shortly after review. This is great for those who need a loan quickly and don’t want to wait for a response.

What Is The Qualification Process?

The 1ˢᵗ Franklin Financial application process is easy to begin. Simply click on the “Apply Now” button online and 1FF staff will be in touch within two business days to discuss the application and answer any questions. The final loan decision will be made at the first visit to a local office, which takes into account factors such as credit history, payment history, and the ability to make monthly payments. With a quick and easy application process and friendly customer service, 1ˢᵗ Franklin Financial is the go-to choice for responsible borrowing.

If you apply for a loan, a loan representative will get in touch with you shortly to discuss your loan options. If you are approved for a loan, you could have the money you need as soon as the next day. However, applications submitted outside of business hours may not be processed until the following business day. On the other hand, in some cases, you may be able to get approval within a few hours. So be sure to submit your application as soon as possible to make sure you get your loan as soon as you need it.

1st Franklin Financial BBB Reviews

1st Franklin Financial is a finance company that has earned an A- rating from the Better Business Bureau (BBB). This rating is based on the average of 18 customer reviews and 63 complaints closed in the last 3 years. These customer reviews have resulted in a 1.5-star out of 5-star rating for 1st Franklin Financial on the BBB website. This rating indicates that there have been some issues with customer service, but overall the company has done a good job of addressing customer complaints and providing satisfactory service.

1st Franklin Financial FAQs

Can you tell me how much 1st Franklin Financial charges?

1st Franklin Financial provides personal loans with APRs of up to 21.99%. Loan terms of 18, 24, 36, 48, and 60 months are available, and fees and interest rates vary by state.

For example: For a loan of $3,650 with a 36-month repayment period, an interest rate of 19.81%, a $109.50 origination fee, and an APR of 21.99%, the borrower will make 36 monthly payments of $139.37.

Is there a penalty for prepayment?

Personal loans from 1st Franklin Financial come with no hidden fees – including no prepayment penalty for borrowers who want to pay off their loan before the end of the term. In addition, personal loans have fixed rates and payments, so you’ll always know what you’re expected to pay.

What is the impact of 1st Franklin Financial on your credit score?

It’s important to understand the process and how your credit score may be impacted before applying for a loan.
Most lenders will perform a soft credit check initially, which won’t affect your credit score. However, once you decide to proceed with the actual loan application, the lender will need to do a hard credit inquiry to get a full view of your credit history and offer you final rates. These hard inquiries will lower your credit score.

Is it possible to cancel 1st Franklin Financial?

Before taking out a personal loan, make sure you are confident in your decision. You will not be able to change or undo the transaction once the funds have been deposited into your account, so double-check the details beforehand to avoid any complications later on.

Does 1st Franklin Financial Work Or Is It A Scam?

1st Franklin Financial has been serving customers with reliable financial services for many years. Although they have a good A- rating from the BBB, they are not accredited by them. Unfortunately, their customers have given them a 1.5 out of 5-star rating due to many negative reviews. Before taking out a loan, it is important to compare interest rates and repayment terms from different lenders. Doing your research ahead of time can help you find the best option that fits your needs.