What does REGIONAL FINANCE #55 mean on my credit report?
Learn about REGIONAL FINANCE #55, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is REGIONAL FINANCE #55?
REGIONAL FINANCE #55 is shorthand for Regional Management Corp, with the company name being Regional Management Corp Inc
For more than 30 years, we’ve helped people get the cash they need. We realize that everybody needs some help once in a while. We take the time to hear your needs so that we can help you find a personal loan that is right for you.
REGIONAL FINANCE #55 is a Creditor provider. They could be on your report for a number of reasons, for example:
-
⚫ You missed a repayment.
-
⚫ You opened an account with Regional Management Corp.
-
⚫ You opened a credit card / loan / mortgage with this company.
-
⚫ Someone fraudulently opened a credit line under your name.
How do I contact them?
Here is the current contact details for Regional Management Corp:
Address:
- 979 Batesville Road, Suite B Greer, SC 29651
Website:
Phone:
Payments
Regional Finance offers a monthly payment plan, and customers can make payments online, over the phone, or through their mobile app. There are penalties for late or missed payments in certain states.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| Can I make payments over the phone? | Yes |
| Can I make payments online? | Yes |
| Do they offer a discount for automatic payments? | No |
| Can I make a payment using a mobile app? | Yes |
| Can I make a payment using a prepaid debit card? | Yes |
| Can I make a payment using a wire transfer? | Yes |
Forgiveness and Cancellation
Regional Management Corp. does not offer loan forgiveness nor consolidation services. Loan forgiveness qualifications vary by state and are subject to the lender’s standard credit policies. To learn more, you can prequalify for your loan online, call or visit a local branch, or contact Regional Management Corp.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
You can apply for a loan online, over the phone, or in person through Regional Finance. Prequalifying online only takes minutes, and you may also call or visit a local branch for assistance. You may apply for a loan with a cosigner if you wish, and loan approval is subject to standard credit policies.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | Yes |
| Can I apply for a loan over a phone call? | Yes |
| Can I apply for a loan in person? | Yes |
| Can I apply for a loan using a mobile app? | Yes |
| Can I apply for a loan with a cosigner? | Yes |
IdentityIQ Report Example
- This is an example of what this creditor will look like on your IdentityIQ report.
Will this affect my credit score?
Whether this account affects your credit score depends on a variety of factors, such as:
- Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
- Derogatory Markings: If this account has any derogatory markings such as:
Lates, Charge Offs, Collections and others.
However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:
- Account Age: If your account is quite old, then the age of it will positively impact your credit score
- Repayment History: If the account has no
Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.
Can it be removed from my credit report?
Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.
However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.
How do I remove REGIONAL FINANCE #55 from my credit report?
You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.