About Regional Finance
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OK, I'm going to be completely honest. I received a loan from Regional Finance and at the time I needed the money. Well I got back on my feet and had enough to pay off the loan early. The loan was only $1400 and my balance was $2000. I paid $100 first month, $100 second month and $800 the third month. Which left me owing $1000. So last week I paid off the $1000 but here's the thing. You have to go to the branch to pay off your loan. You can't pay it off online. I think they do this because they want to try and talk you into borrowing more money. When I told the receptionist I wanted to pay off my loan. She said, "Oh no. You don't want to do that"! When I asked her why. She said, "because we need you to stay longer".
At first I thought she was joking but when I paid off my loan. She said, she couldn't give me confirmation of the pay off right now and it would take over 20 minutes. I told her I would wait and I got my confirmation and a print out within five minutes. I also asked when would it show on my credit report as paid off. She said, she had no idea. So here is my advise. If you're considering getting a loan from this company. Pay it off as soon as possible but remember you can't pay off the loan completely without going into one of their offices. Which I feel is a set up to get you to borrow more money. I wouldn't use them again. Their rates TOO HIGH!
Be very aware this company is a fraud company. They will send you out these checks or maybe you just down and out and need help at the time...they will give you a loan. Don't tell you anything about they hiding fees and will drain you freaking dry...I have a loan out with these demons now and by the grace of God I will pay them off...and when I do I don't care how bad off I am. I will never in my life deal with this company ever..ever...ever again..so for whoever is reading this message I letting you know now stay far as you can away from this company. STAY FAR FAR AWAY!!!...STAY BLESSED AND USED ANOTHER COMPANY!!!
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So, they sent me a check., I didn't ask for it. $2,400 and at the time, I was like.. Yeah I can pay off that refrigerator I got from Frys. That's fine but, at 12 payments of 24, they reach out to me and ask if I want to extend the loan. I'm like no, it's ok but they tell me "Oh don't worry.. You have such good payment history. No credit check, no worries.. Just take it." I decline but, in early September, I get COVID... Owe. Can't work 1/2 the month. So I call and ask if the offer is still there. Girl says absolutely. I tell her, "Ok maybe we can do it. I'll get back to you." When I call back on Monday, it's like.. They hate me. They don't care if I pay on time. They are like.. "No, you're no one." I have 4 payments left and, after all this runaround, I am done. I won't do business with them again. Sorry I ever did. I mean, don't call me and offer anything if you don't intend to go through. Wasting my time. Don't do business with them. You'll regret it.
They sent a check to someone and using my ss#. I have never borrowed from them in my life. Now the person that received the money is not making payments or is behind. I am getting calls and letters from them wanting the money. I never give them permission to use my name or social security number. This company is a bunch of crooks who steals from any one they can. DON'T DO BUSINESS WITH THEM.
I initially took out this loan for a little relief during covid. Have paid every payment on time and like a week early. During this time I have been trying to buy a home and was receiving alerts about the Regional Finance. In January when I got the first alert I called them and they assured me that it does not affect my score in any way. I felt like maybe I was wrong and let it go. Since then I have continued to pay my payment on time and early and it stalled my score because they are reporting my interest increase and not my payment that I am paying. I reached out to corporate and again Not a real answer just denying that it could do anything regarding my score. Don't obtain a loan unless you just really direly need it because this company will have you paying forever and when you have problems or concerns it's no resolution. I was told to PAY THE LOAN OFF AND FIND ANOTHER LOAN COMPANY. BEWARE.
The loan offer came in the mail. We reviewed the terms and deposited the check. Funds came quickly and we received a courtesy call. The rep, Meredith, was helpful and answered our questions. We were able to pay it off within 3 months so the interest rate wasn't bothersome. I feel that some people taking this offer didn't really read the details and somehow believe they can get off the hook for repayment. If someone borrowed your money and then came up with a slurry of excuses not to repay, you'd be mad. Not just say, "Oh that's fine. You don't need to pay."
Also, if you know you can't make a payment, call ahead and not after it's due. And if you receive special terms for repayment that differ from the original contract, don't just sit there and wait for it in the mail. If your due date is coming up and you haven't received anything, call to get details so you're not hit with late charges. You can also set up an online account to view your information. "It didn't come in the mail" is not a viable excuse if they sent it and it wasn't returned unopened as "undeliverable." You must take charge on your end of the contract. I would recommend this company if you're in a pinch. Just make sure it's just a pinch and won't put you further into a hole.
Inquired about the company and asked for loan details prior to applying. It was not mentioned during that time that BK Chp 7 had to be discharged for 2 years. It was disclosed after the hard pull on my credit report. Rep said I met everything else aside from that. I feel like that is important to know before proceeding with an application that will affect someone's credit report while they are trying to rebuild. Not happy about that!!!
PLEASE DO NOT DO BUSINESS WITH THIS COMPANY!! LISA at the Round Rock location lied to me and told me the insurance policy and auto discount plan was complimentary for me using them for a loan. Two weeks later I find out that I am actually being charged for both the insurance and the auto policy and she lied to me. When I called to cancel it they tell me they can't only the supervisor can. I call back and she repeatedly hung the phone up on me and told me she would not be cancelling my insurance. I have called their corporate office and filed a complaint as well. I will never use this company and pray that no one else does.
I cashed the check these guys sent because I was low on cash in my new business and I wanted to build my with a short term loan. I sent them $1400 of the original $2400 loan amount, they agreed to send me an email when the next payment was and I never received it, resulting in them charging me an extra $150 interest. This is loan shark company, Beware.
I received a pre-approved loan offer for $2400, which is the same as what married couples get through COVID-19 stimulus checks and it is therefore very misleading. Even more insulting is the exorbitant rate of over 30%, meaning you are paying over $850 in interest on a 2-year loan some people may have accidentally signed for. This is unethical to say the least.
Regional Finance Company Information
- Company Name:
- Regional Finance
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