Regional Acceptance even had the car repossessed, and are still trying to collect payments. They never gave me any credit for payments that I had made, and even though the contract I had said I had 10 days before a late charge, August would still call one day after the payment was due and threaten to repossess the car--and even thought they repossessed the car over two months ago, they are still sending threatening letters. I am unemployed, and August does not care!!

I think the last 4 years have been pretty rocky for a lot of people. Each time I was in a tough situation, Regional worked with me with deferments. Unfortunately what they don't really let you know up front is how much interest builds up with every deferment that you take out. Why do car dealerships work with them? Let me fill you in on a little secret I found out. Regional is quick to take a "high risk loan" and works with dealers to put people with not-so-good credit into a car. What the dealer doesn't tell you is that Regional may offer an APR lower than what is probably on your contract. The dealer then turns around and tacks on their own percentage, taking a cut of the final amount financed, so they not only get the price of the car, but they get a cut of the financing. I thought I had about 10 payments left, but with interest from late payments (my fault, I accept that) and deferments, I owe about $3500 more onto the remaining balance. So tough times turn into good profits for predatory lending companies like...Regional Acceptance. If you're behind on your payment, they will work with you, but beware, it's going to cost you more and more in the end.