Derrick L.
High Risk, Higher Interest
The place will get you approved if you really need the cash right away, but the interest rates there are so outrageous. I got approved for $700 on July 26, 2024. I only left the place with $689.72. My loan contract was for 10 payments of $125 a month and if I went the term of the contract I would have paid them back $1250.00 for just $689.00. But I paid it off before the first payment was due on the 1st of September, but still ended up paying them $959.72. So I asked how is it that if I would have just went the term of the contract I would have paid $1250, but I paid it off not even a month after I got it and still ended up paying them $959, just $290 shay of what the whole loan term would be. All they could tell me was that they are a high risk high interest loan place. I would advise asking all these questions before taking out a loan with this company.
Response from Sunset Finance Inc.Aug 20, 2024
Thank you for your feedback. We operate within all state and federal guidelines, and interest rates are set for the industry by them. Any companies who operate in our industry will most likely charge the same rates. I agree it is always a good idea to ask any and all questions up front. If you'd like to be contacted by a district supervisor regarding your experience, you can contact our home office at 864-886-9950 and we will take your contact information and have the supervisor contact you.