Why Apply for an Income Tax Loan?

This time of year, everyone seems to need more cash than they have on hand. Between summer vacations and activities, and the start of school with its need for new clothes, club dues, sports gear and uniforms, and the never-ending fundraising requests from our friends and family, it’s almost unimaginable that we’re about to go into the holiday season and somehow tackle all of those expenses! If you’re like many of us, you think, “If only it were time for my tax refund, instead of having to wait until the holidays are over to file it!” Good news – that’s what an income tax loan is for! You know that refund is on its way, so why not take out an advance against it now, when you need the cash the most?

How is an Income Tax Loan Different Than Traditional Personal Loans?

Both of them get you cash now, right? And both need to be repaid with interest. But that’s about where the similarities end. For one thing, your income tax refund is your money – not the bank’s. So even though an income tax loan is repaid from your next paycheck or two, you can still look forward to your refund! It’s still your money, owed to you for income taxes that were withheld in excess, and unlike the commercial tax preparation companies that will “advance” you the funds quickly when you file your return with them, the lender doesn’t require that you sign over the refund to be deposited into their bank instead of yours.

Do I Need Good Credit To Be Approved for an Income Tax Loan?

The lenders who work with this refund advance program understand that life is complicated and sometimes very hard, and that many of us have gone through difficult financial times in our lives. Certain factions in the financial services industry have made it very difficult to obtain personal credit for up to ten years after situations like those have been resolved, resulting in significant portions of people’s lives being made more challenging at a time when they most needed support. Most of the lenders providing income tax loan services do not perform a traditional credit check when evaluating consumers’ applications for funding. Instead, they use a non-standard set of criteria based on your current circumstances, rather than years of history that might be completely irrelevant to your income, employment, or living situation of today.

This Income Tax Loan Sounds Great – Where Do I Start?

It’s very easy! All you need is an internet connection, your device of choice, and a few minutes of your time. You can even apply for an income tax loan using your smartphone if that’s what’s most convenient for you. Just click the link to the website and follow the instructions. You’ll be guided to a brief application form, and that’s all you need to do. There are no financial statements or tax returns to fax or upload, and no long wait either. Our lenders provide a decision in less than two minutes, and everything you need will be right there in your browser – the terms and conditions, repayment arrangements, and agreement form that you can sign using an electronic signature so you never even have to leave your home or office to move the process forward. Funds will usually be available in your bank account by the next business day, so what are you waiting for?

Why Apply for an Income Tax Loan? By Scott Lobo - 10/25/16