I am going thru the
exact same thing with the exception that I knew they had their insurance on the account but in my ignorance I did not know that their insurance was not the same as insurance that I would get own my own (I was just trying to send all the money to one place-
car payment and insurance) and learned 3 years later that none of my payments were going toward my car and now I am $13,000 upside down, the car's transmission died after 3 yrs and 54,000 miles (virtually unheard of per the mechanics) can't get a
new car because of the negative equity and can not get a hold of anyone at Regional to discuss loan options to see if there is anything that can be done to help me out. I am more than willing to work with them but all of the phone numbers lead to a dead end with the exception of those who call to collect payment and they don't offer any options either. It *** to pay $600/month on a 2005 Mercury Sable not running because of the transmission and can't get a new one because of the $13,000 negative equity that would roll over into a new one. Maybe God is trying to humble me and I should start walking where I need to go. I just wish I could get a hold of someone outside of the people who call for payments.
1. Written by very po'd car owner, on 15-03-2010 18:57
I am also being screwed over by Regional! They tacked on 2 insurance policies over the almost 4 years since I bought my car...my payment went up 100 dollars a month and the balance is not coming down at all!!!! I borrwed $9000 after 4 years of payments I still owe $6904!!! I have already payed $10,000 on this loan. I can seem to get them to explain to me where the *** my money is going!! I am contacting the Better Business Bureau and whoever else I need to to stop them from ripping me off and bugging me 20 times per week for another payment after I just made one!!
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2. Written by RAY, on 06-03-2010 18:32
Get a life you bunch of pathetic losers.
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3. Written by Karen McCutcheon, on 03-08-2009 13:20
I bought a car in 11/08 with only 32000 miles on it carfax clean everything check out last week went on trip 200miles away for first time the front wheel almost fell off the car has been wrecked bad and not repaired no lawyer will touch it I call regional asking if I attempt to trade vehicle will they work with me on financing cause I have no idea how $$$ upside down I will be they cant say my payments are set up on automatic drafts ask them to stop them they agreed but now i wonder if they really will I am screwed I paid $1400 to get the car drivaable but its still not SAFE to drive an dit needs $4000 more in work What am I supposed to do????
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