4 Times When Using an Income Tax Loan is the Smart Choice

There are literally endless situations in which an income tax loan could get you out of a money bind. That doesn’t mean that there aren’t a few times when this is really the smartest choice you can make. Some of the reasons that an income tax loan is often the smart choice include a short application, easy approval, and quick cash.

1. You’re about to be overdrawn at the bank, but payday is still a few days away

An income tax loan can get you the cash you need, in about 24 hours or less, so that you can pay the bills until your next paycheck comes in. What’s the other option? To overdraw your bank account, which is something you want to avoid if possible. Bank fees are high and when you overdraw the bank is not very forgiving. You’ll pay for it, so a quick personal loan just makes more sense.

2. You have a big bill to pay tomorrow, and an income tax loan can get you cash in time

Paying bills on time is so important. Being late with a payment costs you money in late fees, but also costs you points on your credit score. That loss of points can hurt you even more in the long run. With an income tax loan, though, you can get the cash you need to pay a bill, even if it’s due really soon. The application takes a couple of minutes to complete, approval takes 90 seconds, and the cash gets deposited to your bank account by the next business day. Get that bill taken care of, on time.

3. You know you have a tax refund coming eventually, but you could really use it now

You don’t have to have a tax refund on the way to get approved for an income tax loan, but if you do, it just makes sense to get that cash sooner if it can help you. Having the money now could mean paying bills on time, not being late with the rent, or it could mean being able to invest in a great opportunity that you would otherwise have to pass on.

4. An income tax loan can pay for that emergency expense

Any carefully planned budget can be totally destroyed by an emergency like a death in the family or a sick child. Use an income tax loan to pay for the unexpected bills and get it off your mind and taken care of so you can focus on what is more important: dealing with the emergency. To get approved for an income tax loan today, all you need to do is complete a simple application, either through our mobile app or online.

4 Times When Using an Income Tax Loan is the Smart ChoiceBy Heather Wilson - 11/1/16