A Refund Anticipation Loan: What it is, and How it Worksrefund anticipation loans and how to get them.
A Refund Anticipation Loan Gets You Your Refund SoonerThe basic idea behind this loan is that you get your tax refund sooner. Typically you have to wait until you file your taxes and then several weeks after that in order to get a check in the mail. Of course you can e-file and get your money sooner, but you still have to wait until you actually file. Whether you’re on the ball, filing early or you wait until April 15, you can get your tax refund in the next few days if you only apply for a refund anticipation loan.
This Refund Anticipation Loan Acts Like a Payday LoanIt’s true that you don’t need to have filed your taxes yet to get a refund anticipation loan. You can plan ahead and get that cash now so you can use it for pressing expenses. It works a lot like a payday loan: you apply, show that you have a regular income, show that you can afford the loan, and then you get approved. The cash is transferred to your bank account within about 24 hours, and then you get to spend it. Repay the loan as soon as you can to minimize your interest payments and the time you spend in debt.
The Application and Approval Process for a Refund Anticipation Loan is EasyThe process is as simple as going online to complete an application page or downloading an app to apply for this refund anticipation loan. Once you download the app you’ll be able to come back to it again and again, any time you need the extra cash. The approval part of this process is easy too. Lenders only need to see that you have a regular job and income and that your paycheck proves you can afford a small loan. You don’t have to demonstrate perfect credit or that you will have a refund coming in a certain amount.
You Can Apply for and Use a Refund Anticipation Loan Right Now
A Refund Anticipation Loan: What it is, and How it Works