Why Are Payday Loans Open on a Sunday?

Once upon a time, it used to be that banks and stores were closed on a Sunday. Blue laws were in place, originally, for religious purposes. People went to church and attended big family or community dinners after the service. By establishing laws preventing stores, banks and loan companies, and other businesses from opening, workers could attend services and family meals.

Times change. In many states, stores and businesses remain open on Sunday's. Banks aren't always open, but some branches do offer limited hours on Sundays. This plays into the need to have payday loans open on a Sunday.

Emergency Situations Don't Always Happen During Business Hours

It's early morning on a Sunday. You go into your kitchen and find a pipe is leaking all over your kitchen floor. You can't wait until tomorrow. You need enough cash to pay the plumber, but you don't get paid until Tuesday. With a Sunday payday loan, you'll have the money you need and can repay it a few days later.

Here's another scenario where it helps to have payday loans open on a Sunday. You flush the toilet and water backs up all over the basement floor. There's a clog, but the septic company needs to run a camera to find out where. The camera is going to cost about $100 an hour. They estimate it won't take more than an hour, but they must pump the septic tank out first. The bill is going to be around $400. You don't have that cash, but you can't wait. That's another situation where a payday loan on a Sunday is a lifesaver.

Always Use Payday Loans as a Last Resort

Payday loans are not meant to cover luxury expenses. They're a last resort when you need cash ASAP and don't get paid for another week. Make sure you exhaust other options before you apply for a payday loan.

You may want to sell some items you don't use. Borrow from friends or family members, if possible, or talk to your church to see if they have cash loans available for parishioners. If you can't find another way to get the money you need, look into a payday loan.

When you do decide to use a payday loan, borrow only as much as you need. Look at the fine print and make sure you fully understand the loan fees and repayment terms. If anything is unclear, ask for clarification and get that clarification in writing.

Payday loans are a helpful alternative when there are no other options, but you must remember it is a cash loan product that must be repaid. Know what you're getting into and make sure you repay it when it's due.