In December 2006, First Franklin was sold to Merrill Lynch for $1.3 billion, at a time when the shakeout in the subprime mortgage lending market had started to begin. Merrill Lynch acquired the company with the intent to create a pipeline of loans that it could package into mortgage-backed securities.
Similarly, how do I pay my first Franklin?
CALL IN YOUR PAYMENTS 24/7
Call 1-844-396-2307 to reach our automated payment system. *There is a $4.95 transaction fee for all transaction over the phone. *You will need your full account number.
1st Franklin offers personal loans up to $15,000. The company’s Premier personal loans come through the U.S. Bank and are available up to $10,000.
Likewise, people ask, what happens if you don’t pay 1st Franklin?
If you do not make your payments on time you can be charged a late charge. Ask your lender or refer to your loan papers for details about this charge, including the amount. The person or company to whom you owe money. If you and your lender agree, you can renew your loan.