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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 fully determine credit-worthiness.

What do Traditional Installment Loan companies do?

Traditional Installment Loan companies make loans to consumers which are repaid in equal monthly installments. Loans range from $150 to $5, 000 and from 4 to 30 months in duration (depending on location.)

How are these loans secured?

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.

Do all companies use a budget process?

Payday loan companies look solely at the value of a post-dated check, while large finance companies rely on credit scoring and the value of secured property. Neither the payday nor the large finance company uses the underwriting process that Sun Loan Company employs, which takes into account the customer's stability, ability to repay, and budget to ensure that the customer can meet the requirements of the loan.

Do all Sun Loan locations offer the same loan amounts?

The loan amounts offered per state are as follows:

Loan Amounts

StateMinimumMaximum Alabama
$1, 000.00 Illinois $150.00
$4, 000.00 Missouri $200.00
$3, 500.00 Nevada $200.00
$3, 000.00 New Mexico $150.00
$3, 000.00 Oklahoma $150.00

Interesting facts

  • Since the 1970s Saudi Arabia has provided foreign assistance to many countries and organizations.
    Between 1976 and 2006, Saudi developmental aid amounted to US$49 billion, second only to the United States of America. The ODA/GNP ratio averaged 4.2% over this period, well above the highest amount provided by Development Assistance Committee...
  • Student loans in Norway are issued by Norwegian State Educational Loan Fund (Norwegian: Statens lånekasse for utdanning, commonly referred to as Lånekassen). Loans are issued to students following studies at Norwegian universities and colleges, as well as studies abroad which have been approved by Lånekassen. No interest is paid until...

Additional information

best unsecured personal loan companies
best unsecured personal loan companies
NetCredit Personal Loan Video Review
NetCredit Personal Loan Video Review
How to Get Approved for the Best Mortgage Without Sticking a Fork in Your Eye: A Comprehensive Guide for First Time Home Buyers and Home Buyers ... Since the Mortgage Crisis of 2008 (Volume 1)
Book (Ponto Alto Publishing)