Do I need a credit score to apply?

No. We do not require a minimum credit score to apply. We specialize in working with thin-file and no-file borrowers and use alternative data to evaluate your application. Everyone deserves a fair shot.

Can I apply with an ITIN instead of a Social Security number?

Yes. We welcome ITIN borrowers and do not require a Social Security number to apply. We believe everyone deserves access to fair and affordable credit, regardless of their immigration status.

How much can I borrow?

We offer auto loans ranging from $2,500 to $15,000. Loan amounts are based on your individual financial profile and the vehicle you are looking to finance.

Will applying affect my credit score?

No. Checking your rate with First Gen Loans will not affect your credit score. We use a soft credit inquiry during the initial review process. A hard inquiry is only made if you choose to accept your loan offer.

How long does the application take?

Our application takes just a few minutes to complete. Once submitted, we will review your application and get back to you with a decision as quickly as possible.

How do I make payments?

We offer multiple convenient payment options including online payments, automatic bank transfers, and cash payments at participating retail locations. We want to make paying your loan as easy as possible.

Will this loan help me build credit?

Yes. We report all payments to all three major credit bureaus — Equifax, Experian, and TransUnion. Every on-time payment you make is an opportunity to build your credit history and strengthen your financial profile.

What vehicles are eligible for financing?

We finance used vehicles purchased from licensed dealerships in Illinois. Vehicles must meet our guidelines for year, mileage, and condition. Contact us for more details about eligible vehicles.