SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                              -------------------


                                    FORM 8-K

                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15 (d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


       Date of Report (Date of earliest event reported): October 31, 2005

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                     FRANKLIN CREDIT MANAGEMENT CORPORATION
             (Exact name of registrant as specified in its charter)

           Delaware                      0-17771                75-2243266
(State or other jurisdiction of   (Commission file number)    (I.R.S. employer
 incorporation or organization)                              identification no.)
     

         Six Harrison Street
          New York, New York                                         10013
(Address of principal executive offices)                           (Zip code)
    

       Registrant's telephone number, including area code: (212) 925-8745


      Check the appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions (see General Instruction A.2. below):

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[ ]   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

[ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))



Item 8.01.  Other Events.

      On October 31, 2005, Franklin Credit Management Corporation (the
"Company"), a Delaware corporation, issued a press release entitled, "Franklin
Credit Management Corporation Schedules Third Quarter Earnings Conference Call
for Wednesday, November 9, 2005." A copy of the Company's press release is
attached as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d)  Exhibits

Exhibit No.   Description
-----------   -----------

99.1          Press Release, dated October 31, 2005, entitled "Franklin Credit
              Management Corporation Schedules Third Quarter Earnings Conference
              Call for Wednesday, November 9, 2005."












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                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
Franklin Credit Management Corporation has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.

Date: October 31, 2005

                                       FRANKLIN CREDIT MANAGEMENT CORPORATION

                                       By: /s/ Paul D. Colasono
                                          -----------------------------------
                                          Name:  Paul D. Colasono
                                          Title: Chief Financial Officer and 
                                                 Executive Vice President