Regional Acceptance Corporation


Is Regional Acceptance Corporation hurting your credit score?

Schedule a free consultation to learn how to eliminate inaccurate and questionable negative information from your credit report.

Who is Regional Acceptance Corporation?

Regional Acceptance Corporation (RAC) is an auto finance company based in Greenville, North Carolina. The firm is affiliated with Truist, a prominent American bank holding company. RAC has a special focus on subprime automotive financing and prime-to-near-prime portfolio acquisitions.

If you’ve taken out a car loan and defaulted on your payments, your debt might be passed over to RAC. As a result, you might see Regional Acceptance Corporation listed on your credit report as a collections account.

Is Regional Acceptance Corporation legit or a scam?

Regional Acceptance Corporation is a legitimate business, and they’ve been operational since 1978. Over the years, they have established a solid reputation as an auto finance company. However, like with any financial institution, it’s essential to understand the terms of any loan agreement you enter into with them.

The company is affiliated with Truist, which further underscores its legitimacy. Truist is one of the largest banking institutions in the U.S., resulting from the merger of BB&T and SunTrust Banks.

How can I remove Regional Acceptance from my credit report?

Regional Acceptance collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.

However, it is possible to remove a collection account from your credit history before seven years.

(Though debt collectors may not want this widely known, it’s your right to be informed.)

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They can help challenge inaccurate, unfair, or unsubstantiated information on your credit report, including collections, inquiries, late payments, charge-offs, foreclosures, repossessions, bankruptcies, and more.

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Regional Acceptance Corporation Contact Information


Regional Acceptance Corporation
1424 E Fire Tower Rd
Greenville, NC 27858

Phone number: (866) 644-7687 or (877) 722-7299

Should I contact or pay Regional Acceptance Corporation?

Before contacting a collection agency, verify that the debt is legitimate and accurately reported. Credit reports can contain errors or list debts that are no longer valid. Also, be aware that making payments on a debt can reset the clock and potentially harm your credit.

The most effective way to deal with Regional Acceptance Corporation is to work with a credit repair professional. They help remove millions of negative items every year from companies like Regional Acceptance on behalf of their clients.

Will Regional Acceptance Corporation sue me or garnish my wages?

Regional Acceptance Corporation, as with any other creditor or loan servicer, is entitled to sue you if you default on your loan payments. If they obtain a judgment against you in court, they could potentially garnish your wages to recover the debt.

However, this process is often time-consuming, costly, and is generally seen as a last resort. Before it gets to this point, they are likely to try to work with you to find a payment solution.

Regional Acceptance Corporation Complaints

Many collection agencies have numerous complaints filed with the Consumer Financial Protection Bureau (CFPB) and the Better Business Bureau (BBB). Most complaints are about inaccurate reporting, harassment, or failure to verify a debt. If you are being harassed, consider filing a complaint.

You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include disputing credit reporting errors and being treated fairly and respectfully by debt collectors.

Your Rights When Dealing with Regional Acceptance Corporation

Debt collectors must follow state and federal laws. The Fair Debt Collection Practices Act (FDCPA) prohibits abusive, unfair, or deceptive practices and ensures your rights are protected:

  • It is a violation of federal law for Regional Acceptance to report inaccurate or incomplete information about you.
  • You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. They have 30 days to prove the debt is yours and the amount is accurate.
  • Regional Acceptance cannot threaten or harass you, call repeatedly, swear at you, or publicly publish a list of debtors.
  • Regional Acceptance must be honest about who they are and their purpose. They must notify you in writing and verbally that they are a debt collection agency.
  • Regional Acceptance cannot threaten to have you arrested or imprisoned for unpaid debts.

Remove Regional Acceptance From Your Credit Report Today!

Credit Saint can help you dispute Regional Acceptance collection accounts. With over 15 years of experience, they have a proven track record of removing incorrect entries for many clients.

If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.

They have helped many people in your situation. Fill out the form on their website or call (855) 281-1510 for a free credit consultation to see what they can do for you.

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Meet the author

Crediful is your go-to destination for all things related to personal finance. We're dedicated to helping you achieve financial freedom and make informed financial decisions. Our team of financial experts and enthusiasts brings you articles and resources on topics like budgeting, credit, saving, investing, and more.