Regional Acceptance Corporation BIGGEST SCAM AND RIP OFF GOING Arlington Nationwide

Your situation DOES NOT matter. You can have 1001 "hard luck" stories about how tough your life is and you never get a break. But NONE of that matters.

You got a car loan that you made a legal agreement to make a set payment, at set times, for a specific amount of time.  There was NOTHING in that loan that stated you only had to pay when you could, or that you could decide what you can afford and they have to accept it.  If you had "issues" with a car payment where you need to have it deferred.   Do you think the payment fairy is going to come down and make your mortgage payment if you run into further "issues"?

With no savings a single issue could be significant.  If you say "Well we will find a way to get the mortgage paid."  Why didn't you have that same attitude with the car payment?

You can't even get your story straight. In your original post one example you stated you made a payment of $1600 and that only $400 went to Principal(so $1200 went to Interest). Yet in your update your first sentence stated they "never" applied any payments to Interest. I don't know what type of loan you have, or the terms of how payments are applied.  But if they have violated any terms of the contract then go sue them as well, however so far it appears the only person that has violated the terms is you from your failure to pay as agreed.

As for the VA loans, yes that is one huge benefit for members of the Military, however there are still credit and income requirements that must be met. You are worried about a Reposession, but late payments can have a negative effect as well, and if you have other debts and not enough income you can still get denied. I am just giving you reality where you are with a Sub-Prime lender, and your posts show your continued Sub-Prime "entitlement" attitude.

 First of all they have never applied any payment to the interest. What is this my attitude you do not know me at all you have no clue my circumstances and there are loans for service members that require no down payment for a home. Also, have you looked online there are numerous lawsuits filed against these people. If I had thousands in the bank do you really think I'd be needing a deferment nice judging a situation you know zip about.

The reason you have a past due balance is because you are not paying what is owed. It doesn't matter if you make a $1600 payment if your past due amount is $2000(or what ever amount). Perhaps it is a case that your payments need to be applied differently, so have you tried to CALL them to see them what they can do? Keeping in mind that they are not required to do ANYTHING beyond what is in the written loan agreement.

When you defered payment, that does NOT defer the Interst. So you are still being assessed Interest on the unpaid balance, a 2-3 month deferment depending on the Interest Rate and when you got the deferment could wipe out an entire years worth of Principal payments. This is NOT unique to this lender, this is how all loans work. The only difference here is that your sub-prime credit caused you to get a higher Interest rate.

Oh and let me give you some hard reality. If 3 years ago your credit was such that your only option was a Sub-Prime Lender and in the following 3 years you have continued to have "issues". You can try to get a house in your husbands name, but the chances of that are about zero unless you come up with a HUGE downpayment(20%+) and even then it probably would be tough unless you pay a huge interest rate for the Mortgage, which if you think the amount that goes to Interest now for your car loan is bad...wait until you see what happens with the Mortgage Interest.

By the way if you truly have a big enough down payment for a house....take that money and pay off the car. There is zero reason to hold several thousand dollars in savings that if you are lucky is earning 1%, when you are paying a Car Loan that probably has an interest rate into the 20 or 30% range. Then save up the money to build back up the down payment. In the long run you would be MUCH better off. If you don't have a down payment saved up that is even more reason why a Mortgage is probably not in your immediate future.