Regional Finance reviews

3.1

37% would recommend to a friend

(362 total reviews)
avatar

Lakhbir Lamba

Not enough data to show CEO approval

40% positive business outlook

Regional Finance has an employee rating of 3.1 out of 5 stars, based on 362 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Regional Finance employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.6 stars).

Reviews by job title

362 reviews
1.0
Apr 26, 2016

Manager

Recommend
CEO approval
Business Outlook

Pros

Before the bonus program changed to the current one, managers could make over $100k per year. Now a manager is fortunate to make $75k. Most make around $50k

Cons

Worst communication I have ever experienced. Complete reactionary approach to business model that relied heavily on antiquated approaches to customer acquisition, retention, and collections.

1.0
Mar 30, 2016
Recommend
CEO approval
Business Outlook

Pros

Sometimes you really do get to help people. In the beginning. Benefits could be worse. A few years ago, you'd stand a chance of promoting from within. Tenure is rewarded with increasing vacation time.

Cons

After a customer is on your books, you are responsible for keeping them in as much debt as is legally permissible. We used to try to help people with their current problems, then let them pay and refinance. Now, the emphasis is on soliciting people to the biggest loan possible. Now Regional is also regularly raising rates to try to milk more profit out of the already struggling customer base. As of 2016, bonus goals are intentionally set to be nearly impossible to get a decent bonus. Regular employees are also no longer allowed overtime, so employees are basically meant to be driven to milk all they can out of their already struggling customers so they can scrounge together a meager bonus to feed their families... all while hearing about execs and top performers going on lavish trips... If you did not work with the current CEO, you will not get a high level position. Or maybe not even a medium level one. If you can become a manager, great. Don't expect to go further.

1.0
Mar 26, 2015
Recommend
CEO approval
Business Outlook

Pros

The new president has some good ideas on how to catch regional up to speed with marketing, computer programs, internet lending, etc.

Cons

Upper management only cares about the shareholders and money in their pockets. All branch level employees are just a number. Upper management didn't even know the number one branch manager in the state. They literally will fire anyone at any level whenever they feel you're not bringing in the profit that they expect. Had a horrible 2014 and in conjunction with the current class action law suits they are desperately trying to do whatever possible to stay afloat, regardless of how many people they have to burn to do it.

Viewing 7 - 9 of 362 Reviews

Glassdoor has 380 Regional Finance reviews submitted anonymously by Regional Finance employees. Read employee reviews and ratings on Glassdoor to decide if Regional Finance is right for you.