Avoid the Payday Loan Trap
The biggest problem with payday loans is not necessarily the underlying price of a single loan, but the structure.
There are big differences between Sun Loan’s traditional installment loans and payday loans.
Payday loans, promise quick cash for the short term and that's how they set the trap. Because along with the quick cash, payday loan companies charge extremely high interest rates but the real danger is what happens if you can't pay your loan off on time. When that happens, you're caught in a payday loan trap and getting out isn't easy.
Traditional Installment Loans
Traditional installment loans, are based on predictable, stable information that you will easily understand. There are no surprises.
A Sun Loan traditional installment loan provides:
- Fixed monthly payments
- Fixed repayment terms
Fixed payments and repayment terms mean you know exactly what to expect. We’ll help you set up affordable monthly payments that fit your budget. Plus, your Sun Loan installment loan can help you build your credit rating.