Is Regional Finance legit?
Yes. Regional Management Corp. is a publicly traded consumer finance company. It operates under the name Regional Finance in branch locations around the US, online and through direct mail campaigns.
The company’s privacy policy says that it “maintains commercially reasonable security measures” to protect your data from unauthorized access or misuse. However, some reviews say it sends unsolicited but valid checks to home addresses that could fall into the wrong hands.
What makes Regional Finance shine?
For customers who prefer a more personal approach, Regional Finance has more than 350 stores across 19 states. This physical presence provides a way for applicants without internet access to get a loan.
The company doesn’t require a minimum credit score to apply, so borrowers with less-than-perfect credit may still be eligible for a personal loan from Regional Finance. Plus, you can find out if you prequalify without impacting your credit score.
Where Regional Finance falls short
While Regional Finance advertises rates capped at 35.99%, some customers have reported rates up to 60% or more, which may depend on the state you live in. Similarly, its maximum loan amounts vary by state. And you may be on the hook for an origination fee, according to some customer reviews.
To secure your loan, you might need to provide collateral. Specifically, Regional Finance calls for a first lien on a motor vehicle for larger loan amounts. You may also need collateral for smaller loan amounts, but you’ll need to talk to your local branch for more information about collateral requirements. On the upside, secured loans may come with lower interest rates than unsecured personal loans.
Regional Finance doesn’t offer fully online loans. You can prequalify online, but you’ll need to visit a branch to submit documentation and sign the loan agreement.
How Regional Finance compares to other lenders
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What is the Finder Score?
The Finder Score crunches 6+ types of personal loans across 50+ lenders. It takes into account the product’s interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate – this gives you a simple score out of 10.
Read the full Finder Score breakdown
Regional Finance loan details
| Minimum credit score/credit range | No minimum credit score stated |
| APR | 24% to 35.99% |
| Loan amount | $600 to $35,000 (but maximum loan amounts vary by state) |
| Terms | 12 to 60 months |
| Approval turnaround | 24 to 48 hours |
| Availability | Available in: Alabama, Arizona, California, Georgia, Idaho, Illinois, Indiana, Louisiana, Mississippi, Missouri, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Utah, Virginia, Wisconsin |
| Fees | Origination fees Late fees NSF penalties |
| Other fees | $2.95 payment processor fee for one-time in-person or online payments |
Regional Finance contact info
| Phone number | 888-636-3535 |
| Customer service hours | Varies by branch location |
| Not listed, but there is an online contact form | |
| X, formerly Twitter | @RgnlMngmntCorp |
| Regional Finance |
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| Total Cost | $ |
How to qualify for Regional Finance
Regional Finance doesn’t list the exact requirements to qualify, but it says you’ll need the following:
- A valid, government-issued ID
- Proof of residence
- Proof of income
How to apply
You can visit one of Regional Finance’s branch locations or follow these steps to get started online.
- Fill out the online prequalification form.
- Wait for your local branch to contact you within 24 to 48 hours if you prequalify, or you can call.
- Bring in your required documents, sign your loan agreement and receive a check that day.
Prequalifying only requires a soft credit check, but Regional Finance conducts a hard inquiry if you decide to proceed with the loan offer.
Regional Finance reviews and complaints
| BBB accredited |
No |
|---|---|
| BBB rating |
B |
| BBB customer reviews |
1 out of 5 stars, based on 19 customer reviews |
| Trustpilot Score |
4.6 out of 5 stars, based on 1,985 customer reviews. |
| Customer reviews verified as of |
03 September 2025 |
Regional Finance has generally high ratings on Trustpilot, with customers applauding the friendly customer service and fast and easy process. But others complain of high rates, difficulty refinancing or being approved for lower loan amounts than they requested.
The company doesn’t have any positive reviews on the Better Business Bureau (BBB). Chief complaints include billing and payment issues, inaccurate credit reporting and unauthorized credit checks. Many also cite high APRs, with customers saying they were offered rates anywhere from around 30% to 60% or more.
What do people on Reddit say?
There’s talk on Reddit about Regional Finance sending out live checks to potential borrowers. Some people confirm they’ve gotten the checks and just threw them away.
But there are other cases where the checks were sent to the wrong or old address and someone else cashed them, meaning they took out a loan in someone else’s name. The innocent people affected had to jump through a lot of hoops to get these loans removed from their credit reports.
