When circumstances change, Regional Finance offers assistance programs and repayment options to help you get your finances back on track. Explore our selection of loan renewals, modifications, deferrals, and other options below. Contact your local branch today to take the next step and start regaining control of your financial situation.
Never miss a payment again
Pay later without increasing your loan
Get new terms and rates to suit new needs
Adjust your loan to fit your budget
Work with us to resolve your debt
We’re here to help you tailor your payments to fit your budget. Choose from weekly, biweekly, or monthly options. Contact your local branch today to discuss a payment plan that works for you.
If eligible, you can postpone your monthly payment. This means you can pay it later, and your loan term will be extended by the same amount of time. For example, if you defer your payment by one month, your loan repayment period, or term, will also be extended by one month.
We can help lower your monthly payments by consolidating your current debt into one, easy to manage loan. We will do the work to ensure you qualify and work with you to payoff the most important bills, which could reduce your monthly payments and get you on your way to being debt free.
You can renew your current loan balance with new terms and a new payment schedule. You won’t receive any extra funds, but your new loan will have a lower monthly payment.
You may be eligible to temporarily or permanently change the terms of your loan to avoid default.
Pay half of your regular payment amount for three consecutive payments. During this time, your loan interest rate will be reduced to 8%. This program is intended to offer temporary assistance for temporary financial hardship.
Pay half of your regular payment amount while reducing your interest rate to 8% for the remainder of your loan. This program is intended to provide a permanent solution in instances of significant financial hardship.
If you find yourself in a situation where you are unable to repay the full balance of your loan, you may be able to negotiate a reduced payoff amount. Once the agreed-upon settlement is paid, the debt is considered resolved. This option does come with some tax implications and credit implications.
