Do You Have Questions About Your Tax Refund Loan? We’ve Got Answers!

Trying out something new always feels a little risky or unnerving, so getting the answers to any questions you have about the situation can be the best way to make sure everything goes smoothly and with the least amount of emotional drama.

What if I’m not ready to file my return yet? Can I still get a tax refund loan?

Yes you can! When tax refund loans were the sole domain of income tax preparation companies, the only way to get a loan against your tax refund was to file your return and sign the refund over to the company. These days, with all the expansion and changes in the ways short-term loans are designed and managed, you can get a tax refund loan at any time of the year, whether you’re ready to file your return or not!

How much can I borrow? When do I have to pay it back?

Get up to $1500, based on your creditworthiness as measured by the lender’s criteria, and factors such as income and employment history. You might be able to make your repayment from your tax refund, depending on whether it’s due to be sent to you soon - but if not you simply repay from your upcoming paychecks, and then when your government refund arrives it’s all yours to keep!

Do I need good credit to qualify for a tax refund loan?

No, you do not. Many individuals with damaged credit have taken advantage of this type of short-term opportunity, and no doubt many will continue to do so because it’s so fast, so easy, and specifically because it does permit people who have been labeled a poor credit risk to be approved.

Do I qualify? What are the requirements?

Each lender’s approval criteria are slightly different, but the basic minimum requirements are the same. You should be at least 18 years of age and a US citizen with a phone number and a bank account. The bank account must be capable of electronic credits and debit. To be approved, the applicant has to have a job or other steady income of at least $1000 per month.

This sounds great – how do I start?

Start by clicking the link and letting the Income Tax Advances website guide you through the very quick and easy application form. As soon as you click “submit” the lenders available 24/7 will evaluate the form and respond within just ninety seconds. You’ll receive the tax refund loans terms and agreement right in your browser, and have the opportunity to read it thoroughly and be sure you understand the arrangement before using the e-signature provided to accept the funds. It’s that fast and simple!

Do You Have Questions About Your Tax Refund Loan? We’ve Got Answers! By Mindy Lobo - 7/26/16