"I recently missed a lot of work due to suffering from the swine flu. I was unsure how I was going to keep my bills current besides the worry of the fast approaching holiday season. My sister and niece depend on me, as my mother is vacant from our lives. Sun Loan was able to give me the loan with easy monthly payments instead of a title loan which was my only other option. I was able to pay my bills and get everyone a nice Christmas gift, thanks to them. Sun Loan Company is dedicated to their customers and seems to help whenever they can."
– D. C., Lincoln, ILIF YOU DON'T FIND THE ANSWER YOU'RE LOOKING FOR,
GIVE US A CALL AND WE'LL BE SURE TO HELP.
What do Traditional Installment Loan companies do?
How are these loans secured?
What is Responsible Lending?
Do all companies use a budget process?
Do all Sun Loan Locations offer the same loan amounts?
Does Sun Loan have bilingual staff?
Q. What do Traditional Installment Loan companies do?
A. Traditional Installment Loan companies make loans to consumers which are repaid in equal monthly installments. Loans range from $150 to $3,500 and from 4 to 30 months in duration.
Q. How are these loans secured?
A. The great majority of these loans are unsecured. Loans may sometimes be collateralized with a car title or luxury household goods, but never with access to a borrower's bank account. We practice “responsible underwriting” and look to the borrowers themselves for repayment.
Q. What is Responsible Lending?
A. We examine the borrower’s stability, ability and willingness to repay the loan, which we attempt to assess using budgets and credit reports, among other things. Budgets in particular help us to ensure that the loan is AFFORDABLE. Another consideration is our history with the borrower, many of whom are loyal customers who come back year after year. We look at each application independently and never use credit scores or a scoring model to determine credit-worthiness.
Q. Do all companies use a budget process?
A. Neither payday companies, who look to the value of a post-dated check, nor larger finance companies, which use credit-scoring and take into consideration the value of the secured property, use budgets in the same way that Sun Loan Company does.
Q. Do all Sun Loan Locations offer the same loan amounts?
A. The maximum loan amounts offered per state are as follows:
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Q: Does Sun Loan have bilingual staff?
A. Our goal is to make the Loan Process as easy as possible for our customers. That is why most Sun Loan locations have bilingual staff members ready to help Spanish speaking customers. Click here to contact the location nearest you to verify that a bilingual staff member is available to help you. Call us today to discover the Sun Loan Difference!
Nuestra meta es agilizar el proceso para obtener un préstamo lo más fácil para nuestros clientes. Por eso es que la mayoría de las ubicaciones de Sun Loan tienen personal bilingüe listos para ayudar a nuestros clientes que hablan español. Haga clic aquí para contactar a la ubicación cercas de usted y verificar que haya un agente bilingüe disponible para asistirlo. Llámenos hoy para descubrir la Diferencia Sun Loan.