I looked over my statement after I went to a local dealer to trade my car in for another. They still expected me to pay the loan which I understood. I have had the displeasure of dealing with this hateful excuse of a financial institution. Even if I low ball my calculations we have paid $36,000 to Regional Acceptance and out of that only $10,000 was paid into principle and $26,000 into fees and interest! Dont want to wait? I am suppose to have a 7 year term. Nobody can speak English, I paid on my car for 1.5 years and I owed more than my original loan. It is now 2016 and I still owe 15,500 on the car ad my 09 car is only 4500 bluebook! So I just wanted to let people know to check with this site before they go car loan shopping. After paying over 10 grand on this car so far I'd hate to lose it. What Does Remark Removed from Account Mean on Your Credit Report? They have no heart or respect. e will give you advice for how you can improve your credit. I co-signed for my daughter to get a car through them, but first thing was I was suppose to be the co-signer and I ended up being the borrower. I did end up coming up with the money. It was one of those "We empathize with you, but you owe us money, period." Do NOT I repeat DO NOT finance with these people. I am unable to get another vehicle because of being so upside on this vehicle. 3. Which they call more than 8 times a day. Mistakes in your personal information (e.g., an incorrect address), as well as credit accounts that you don't recognize, should usually be disputed with the bureaus.
I have both State Farm and Regional Acceptance on the phone at the same time and the person from Regional Acceptance keeps saying "I am sorry, but we have not received anything from State Farm." Is there anyone out there that can help my case? 2022 ONR Financial Networks LLC All Rights Reserved. I kept getting sick and was let go of my temp job. If you've had a good payment history they will defer payments or let you make an interest payment. Initially they sent a refund for overpayment which was a good thing. BY far the worst customer service and I'm pretty sure scam artists. This may affect the products and services that we showcase in our articles and how we place and order them. So we are stuck with this car in hopes that it will still be reliable over the next few years. Find out who they are, why youre seeing them, and how to get them off your credit report. As seniors we don't have the ability to do it again and I have not been able to work since they took my truck. This type of check can appear as a hard inquiry or as a soft inquiry. Credit Checks: What are credit inquiries and how do they affect your FICO Score? I still owe $10,000.00 on this car paying over $350/per month.
We purchased a car and it was financed through Regional Acceptance. A representative was so rude to me, I had never experienced anything like this in my life. We hope this template helps you achieve your goals. What they're charging me 5 years later is the price of a new car just because of a few payments late. Granted the interest rate is high but then my credit was lousy. Contact Regional Acceptance Corporation and tell them youve never applied for or taken out one of their auto loans. I have had a manager named HOWARD & SHANIQUA yell at me as if I owe them money personally. This is because lenders usually report your monthly loan payments to at least one of the three major credit bureaus.
I started reading the reports on this site and there are many people in my boat. I kept having to tell her to let me finish talking before she cut me off several times and when I asked for my account number she ranted it off really fast in a mean aggressive tone so I had to ask again and she got even more of an attitude. Having previously paying off a vehicle that I gave to my son, I was looking to get a newer vehicle and Regional Acceptance financed me. They may also purchase your loan from your original lender. Got GAP insurance and still being harassed by Regional Acceptance and have taken negative marks on my credit bringing my credit down by 60 points even though I had all the proper protocols in place. I said ok, and have been doing that since I get the car. Our editorial team operates independently (with no influence from our affiliates or our advertising team) so as to avoid compromising the objectivity of our reviews. Credit Dispute Letter to a Data Furnisher Well I wanted to make car payments not car repair payments so I took the deal. Their employees are rude and obnoxious. How Regional Acceptance Corporation affects your credit score depends on your credit history and the status of the account. If anyone wants to finance your purchase through Regional Acceptance, run! Horrible people, god they are horrible man. With the help of the Lord, I will never deal with Regional Acceptance again. Our truck was totaled since June 17, 2016. 2 Note that you usually cant remove a hard inquiry early unless the bureau added it to your report by mistake. I have even given 4 extra payments of 700 each. Our writers and editors follow strict editorial standards and operate independently from our advertisers and affiliates. Anytime I have spoke to someone they were courteous. They would call the very next day if I didn't make my payment on the due date. 8 9. Regional Acceptance Corporation can appear on your credit report for a number of reasons, some negative and some harmless.
I called Regency Acceptance to let me know I was in process of finding another job.
If you recognize a credit account but it's listed with the wrong balance or incorrect status (e.g., if you settled the debt and it's still listed as unpaid), the error may have originated with your data furnisher. That's our first priority, and we take it seriously. While at the bank the check was sent from we called Regional Acceptance and asked for the payoff amount. I have never been treated this way by any other customer service department from any company. They will do everything, and say everything to you, and make you feel worthless at the end of the call. If you see their name, it probably indicates that you have an account with them or they checked your credit. ANTHONY is his name, says "nope you have to pay right now or don't be surprised if you walk out of work and don't have a car." After paying off my 28,000 loan with 1 extension they claim I still owe 22,000 with 8 extensions. I was keeping up with my payments while on Disability. So when I am done paying for this car I will have paid them about $28,000.00. It just had not showed in their system yet. Get a real job and education ANTHONY instead of trying to make everyone else's life miserable! I have been with this company since 2013. I hope I never have a problem with this company as of this date. They had not one iota of understanding, the only issue important to them that I had a payment due. State Farm has paid the majority of the claim off only leaving a balance of $1700. The loan was for $16000 and after and the balance was over $15000 and every time I talked to regional acceptance they would do nothing about it. I have filed a complaint with the FTC and Consumer Financial Protection. I got so far behind because they refused my money! In the end you would think just pay your car note and nothing would happen. I'm behind and they are working with me. I know they are following company policy but this is plain harassment. Purchased a car, got a loan in 2012. Often they're the result of the bureau confusing you for someone else. The representative told me to Pawn something so I can pay them. This profile has not been claimed by the company. Here are the four most common reasons why Regional Acceptance Corporation might appear on your credit report: Youll see Regional Acceptance Corporation on your credit report if Regional Acceptance Corporation ran a credit check to determine your eligibility for a car loan. I can only laugh and pray for her, obviously the poor lady is a miserable soul. I immediately contacted Regional Acceptance Corp, and explained to them exactly what had happened. Call us now.
Since when can't a bank refinance a loan? Regional Acceptance Corporation will appear on your credit report if you currently have or previously had an auto loan issued by Regional Acceptance Corporation. FAQ. I haven't missed a payment, I have not heard from them at all. Customer service center are the most unprofessional people I have ever spoke to. After 5 years and paying over $32,000 for this car ($535.00 a month! Everything we publish is as accurate and as complete as we can make it. Why is it that State Farm says they have faxed over the paperwork on two different occasions, yet Regional Acceptance still does not have it. We value your privacy. I had 2 surgeries and Chemo and Radiation Treatments.
So in 6 years I have only paid $10,000 into the principal??? My attorneys even tried to get them to give me a couple of months to get back on track, financially. If you see Regional Acceptance Corporation on your credit report but youre sure you didnt apply for an auto loan issued by Regional Acceptance Corporation, it could be a sign of identity theft. Talk with them like an adult and they will work with you. I call today to make a payment to find out I'm behind 2 payments and they threaten to repo my car unless I pay them RIGHT NOW over $1,000. Must be nice working somewhere you can just tell people off because of a misunderstanding instead of trying to be helpful. They truly treat people like complete crap! Interest rates crazy, totaled care two months ago. I asked for them to apply the amount owe for July and they wouldn't do it at all. Use this credit dispute letter template to file a dispute with a creditor or debt collector. I just think this loan company is the worst company you can get a car loan from. By law, credit repair companies are not allowed to charge you before theyve helped you. Were grateful for that trust, and we wont abuse it. Just because your life is sad and pathetic you have to go and try to ruin everyone else's. I am so happy that Wells Fargo picked up my new car loan. This was a few weeks after the accident, after I had located a decent law firm to represent me. Whats more, to avoid penalizing consumers for shopping around for the best interest rates on loans, both FICO and VantageScore have a shopping window (14 or 45 days, depending on the model) in which they treat multiple hard inquiries as a single inquiry. Now 5 years later I have paid $21,000 into the car and have been told that I still owe $13,000 on my vehicle due to late payments. If you want to remove Regional Acceptance Corporation from your credit report, write to their address: Address: 1424 East Fire Tower Road I am all in on fighting this lender. This place will not stop calling you, sometimes up to 4 times a day and late and very early. They are rip offs and their customer service personnel are rude and have terrible language barriers! The first week of March my daughter totaled lost the car. My insurance company had waited over a month to get the payoff amount from them. Regional Acceptance is looking real bad now and I called and told them so and they asked for a payment that was all. They have mixed up my paper work countless times - although I have the copies, they will not honor what I've sent in. Some of our articles feature links to our partners, who compensate us when you click them. How Much Does Applying for Credit Really Hurt Your Credit Score? I have been with Regional Acceptance Corp for 2 yrs. They are being like predators, preying on me because they know I can't do anything but pay them. They said we still owed $20,000. They are telling me it's late fees. Fill in your information and we will securely pull your TransUnion credit report. The links to our partners are always clearly marked. Credit Checks: What Are Credit Inquiries and How Do They Affect Your FICO Score? Let us know what you think. Its location on this page may change next time you visit. I was at work when I called and said "at least give me until tomorrow when I'm off of work and I can figure out what happened with the money order and come up with the money to pay and this **." The people they hire are HORRIBLE INDIVIDUALS! I have been struggling to pay this down at a $468 a month payment fee. Since this accident, they are trying to say that my account is 45 days past due. They unilaterally took car payments from my checking account when I was not signed up for ACH. I don't know but I will be getting to the bottom of it. I can leave a message for a claims person to call me back, but when you try to leave a message when you press a number to get an extension it does not work. I will admit that I had a few late payments when I was laid off even causing me to at one time lose the vehicle but I did regain it back and continued to make my payments on it. I have never had a bad experience with this company. Get collections and inquiries removed from your credit report. I sent a money order and it supposedly "never got there." THANK YOU! Think carefully before hiring a third-party company to get Regional Acceptance Corporation off your credit report. A check for over $24,000 was drafted and sent the same day. They act as if you owe them money personally. I don't think this is fair. Greenville, NC 27858 Yes!!! Youll always be able to tell what youre clicking. Sign up to receive our free weekly newsletter. Go to, Contact any of the three main credit bureaus (. This is the worst company to get a loan. They're dedicated to guiding you toward the right path on your financial journey. All dealerships should not do business with them at all. My original loan amount was for around $16,000 and 4 year term.
Every time I call Regional Acceptance they say they need paperwork from State Farm.
Regional Acceptance Corporation can show up on your credit report if you cosigned an auto loan for someone else, like a spouse, child, or friend. Send it to the credit bureaus if you believe they made the mistake (e.g., they confused you with someone with a similar name or Social Security number). DO NOT AND I REPEAT DO NOT GET A LOAN WITH THIS COMPANY. The percentage was 23% interest. Word We were threatened and called trash by their "customer service" people. I would do business with them again. Here it is May 2, 2016 and I am still dealing with Regional Acceptance to close this claim. They call me daily even though I have asked them to STOP calling me daily. But things happen, life happens, and they will make sure to make you feel like complete crap! 4 If the primary borrower responsibly manages their payments, then being their cosigner can improve your credit score by helping you establish a positive payment history. They will not send me anything or help me. Original loan $16,579. Would I recommend Regional Acceptance to anyone!!!
The best thing I can tell people is if you hear this name when trying to buy a car, REGIONAL ACCEPTANCE, AKA BB&T, just say I would rather walk than do business with these people. Unsubscribe easily. Ask them for details about the loan application, such as when it was submitted and under what circumstances the inquiry was authorized. That is their fault that it is taking to close this account. Mr. Pickle says, "the best advertisement is word of mouth, you do not want a customer bad mouthing you."
I tried to do a voluntary repo and they got so rude and nasty and told me if I tried to return the car they would go after my paycheck, my taxes, my bank account, and anything I owned so it left me no choice but to hire an attorney and file chapter 7. Needed a reliable vehicle. As mentioned, a single hard inquiry will have a small, short-term effect on your credit, usually lowering your FICO score by up to five points and your VantageScore credit score by 510 points. If you click on one of those links, we get paid. I want to admit I have had trouble paying my note. FinanceJar partners with other companies in the credit and finance industry, such as credit card issuers and credit repair companies. I took a car loan out back in 2010. It is very important to do your own analysis before making any investment based on your own personal circumstances and consult with your own investment, financial, tax and legal advisers. The contents of this site may not be republished, reprinted, rewritten or recirculated without written permission. Often they're the result of the bureau confusing you for someone else. My husband is on dialysis and has been out of work and will have surgery on Thursday.
Regional Acceptance is the only place that would approve me for a car loan because my credit is crap. I could not make a living doing customer service for this company cause a requirement must be, mean, rude, insensitive, hateful and most of all being a bully. The devil is a lie. Specialists available Monday to Friday, 10AM - 7PM EST. If you see an item listed under Regional Acceptance Corporation on your credit report that you suspect is a mistake, then you can dispute it by sending a dispute letter to Regional Acceptance Corporation and/or the credit bureaus. Lesson learned and will be more careful to research a finance company first before just going with them because they accepted me. I pray for all of you guys who have hit on hard times and have to still deal with these people. The customer service is Horrible! I had a five year loan 409 a month and I made payments on time and when I was gonna be late because my son had brain cancer, I tried making partial payments which they refused to take!! I entered into a 4 year contract and paid for 3 years 11 months and owed them 549.00 when I got laid off and they refused to work with me and repo'd the truck over 549.00 and ruined my credit and destroyed my family's lives. I hope this post will help someone out and not get caught up into their trap. A review would mean a lot to us and takes less than 20 seconds. We challenge inaccurate negative items with the bureaus and your creditors.
It was the other driver's fault, especially on the traffic collision report. Regional Acceptance Corporation can appear on your credit report as a hard or soft inquiry or as an auto loan, either belonging to you or someone you cosigned a loan for. I would walk to work on nails before financing another car with this immoral company! I like the deferment. But not all the fees are in the fine print like charge you $10 a day when you are late on top of the late fees and when you do make a payment and ask that the payment go to the principal they say they can't until the account is up to date so every time you make a payment it all goes to fees and charges and the balance never drops so stay far away from them because you will be upside down for a long time. To ensure that our articles and reviews are objective and unbiased, our writers and editors operate independently from our advertisers and affiliates. Our relationships with our affiliates may affect which products we feature on our site and where these products appear in our articles. Since we have been harassed by Regional Acceptance saying we owe them $536 and to this day we have not received the title to our vehicle. 1 RAC provides indirect financing for subprime and near-prime auto loans and acquires portfolios from other lenders. There is no way late payments should double a loan of $16,000 to $34,000 which is what I will have paid for the vehicle once paid off, way more than what the car was worth when new. I'm borrowing the money and going to pay it off and say goodbye Regional, never again will I do business with you and I'll warn everyone I can not to do business with BB&T/Regional Acceptance. This means that if you have several Regional Acceptance Corporation inquiries on your credit report that were added within a short time frame because you applied for different financing options with [COMPANY NAME], your credit score will only drop by the number of points youd lose for a single hard inquiry. They have threatened to repo my car because they have an attitude. Nobody would finance me. I was shocked and angry. When you cosign a loan, youre taking responsibility for paying off the loan if the primary borrower stops making payments. No, seeing Regional Acceptance Corporation on your credit report doesnt mean youve been scammedRegional Acceptance Corporation is a legitimate company. On 06 Sep, I was practically ran over by an older fellow driving a large motor home, pulling a large horse trailer. As seniors with no vehicle to work we now live with no health insurance and barely surviving. Ripoff company. They will give anyone a car loan when you are in a bind and charge you high fees and interest and tell you, "Well you agreed to the terms." Feel sorry for you and the people around you. I have been mistreated by Regional Acceptance on several occasions. Disputing an incorrect entry on your credit report can be stressful and difficult. We lost $20,000, our savings and our future. 4 Ways to Remove Collections from Your Credit Report. If you want to delete Regional Acceptance Corporation from your credit report, then try one of the following approaches. I would strongly recommend that anyone trying to accomplish any action, such as buying a new home, or a new car, not have any involvement with this company. I am very unhappy with my experience with Regional Acceptance and usually don't write reviews but I am hoping that this will help someone.
The interest rates are insane. I warn any reading this, stay away from Regional Acceptance. I have had my loan for over 2 years. I am in the same boat as everyone else, not having the best of credit and looking to get a new vehicle. Day 1 after being late with my fist payment, they called me 3 times. 3 months after my company went out of business, my disability stopped. Credit Dispute Letter to a Credit Bureau I purchased my 2010 vehicle in February 2012 and have made my payment of $446.00. Mistakes in your personal information (e.g., an incorrect address), as well as credit accounts that you don't recognize, should usually be disputed with the bureaus. I've been as much as 2 months behind and was never threatened to have my car taken. We will be getting a different car and finance company! I was told that my payment didn't "hit my bank account" until two days after calling in to make a payment, which is not my fault! I have been a couple days late on a Payment and NO ONE called to harass me. I saw a few months back that a lady sued this company and was awarded approximately 64 million dollars over a $1000 debt that was actually paid off. I went to looking for paperwork left somewhere but I can't find a thing so I'm going to call them tomorrow morning to see if they did repo it without letting me know where it's at.
The loan amount was for $16,500. I am going to tell every dealership, and anyone that I know to never use Regional. So is State Farm lying or is Regional Acceptance lying? On the other hand, missed payments might cause a drop in your credit score. We place links on our website to our affiliates, and when you click those links, our affiliates compensate us for it. I did not have the best credit rating at the time but after 5 years making payments and yes I did fall behind but noticed after about 4 years the balance was never changing. It feels like I am being robbed. Consider working with a professional. Our content is intended to be used for general information purposes only. Get a credit improvement plan that works for you with 1 phone call. How Long Do Closed Accounts Stay on My Credit Report?. Every time I call State Farm they have sent what they need, yet they still don't have it. Truly, I think this complaint does absolutely no justice because they have done far more to us including knocking on our door making it known we owe them money. I had to return to work even though My health was not stable. The rep stated they have a right to call as often as they want until I set up a payment with them. However, a single inquiry isnt something to worry aboutyour credit score ranges from 300 to 850, which means 5 points in either direction isnt significant. If you have an auto loan from Regional Acceptance Corporation on your credit report, then its contributing to your credit score by influencing the following factors: To learn how your auto loan will affect your credit score, familiarize yourself with the factors that make up your FICO score and VantageScore. I hope that lawyers are reviewing these complaints. Dont want to wait? And they took my car after I tried paying for it. By clicking "Submit" I agree by electronic signature to: (1) be contacted about credit repair or credit repair marketing by a live agent, artificial or prerecorded voice and SMS text at my residential or cellular number, dialed manually or by autodialer, and by email (consent to be contacted is not a condition to purchase services); and (2) the Privacy Policy and Terms of Use. They got my car as a trade in so now we have nothing and borderline homeless. For more information about reviews on ConsumerAffairs.com please visit our Our pages feature links to our partners websites.
6 7. If you see Regional Acceptance Corporation on your credit report, you may have unpaid debteither from a loan youve taken out from RAC or a loan theyve purchased thats been sent to collections. It does not affect our evaluations of them, which our writers and editors create independently, without considering our relationships with our partners. Treated me like a piece of crap and refused my money and had no sympathy that my son had a terminal illness. We dont accept compensation in exchange for reviews or articles, and we dont directly sell any products or services ourselves.
They are by far the worst company to finance with ever! How Long Do Closed Accounts Stay on My Credit Report? By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. A credit repair company will act as a middleman between yourself and whoever you need to communicate with, such as your lender and the credit bureaus. You can get Regional Acceptance Corporation off your credit report by sending a dispute letter to the credit bureaus and/or Regional Acceptance Corporation, or by working with a credit repair company. No one notified me that it was late so in my mind I was still caught up. NEVER AGAIN. Their payments toward the loan can also affect your credit score, for better or for worse. I have had one person cuss on the phone but says it was not to me. Well never try to trick you into clicking anything youre not genuinely interested in.
Learn more about how we make money. Website: www.regionalacceptance.com. By attitude, talked down to, and hung up on. I was interrupted several times. Well I hits some hard times and when I had the 18 months in I called them and was told that only by getting the car refined through a local bank would the payments go down! I had purchased a Jeep Patriot with a car dealership which financed the SUV with Regency Acceptance.
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