Payday Loans Over the Weekend When in search of a loan over the weekend, most people tend to apply for payday loans. The reason why majority borrowers do not consider applying for traditional loans when they need cash during the weekend is because traditional lenders do not operate on Saturdays and Sundays. Also, their lengthy approval procedures make it difficult to fund borrowers quickly, which can in turn cause a huge delay in their borrower’s emergency situation. In order to get cash advances over the weekend, borrowers therefore choose to apply for payday loans- and this could have 2 possible reasons why. 1) Payday loan lenders offer cash advances 24/7. Weekend or no weekend, majority of them operate throughout. Since their services are now online as well, there are high chances of most of them operating throughout the 24 hours of the day. Borrowers therefore do not have to wait for Monday in order to apply for a loan, especially if it’s required for an urgent need. 2) The next reason could be because their approval procedures aren’t lengthy at all, and they are known to give funds as soon as possible, mostly within just 24 hours.
On the other hand, if one is in sudden need of some extra cash on the weekend and chooses to apply for a traditional loan, s(he) would first have to wait till the coming Monday to apply, after which there will be a waiting period of a few more days before they approve the loan request and finally transfer funds. Instead of going through all this hassle, why not just apply for a payday loan as soon as the need for extra cash arises?