What is an Income Tax Refund Advance?
An income tax refund advance allows you to borrow against the funds you’re expecting to receive after you file your return. In other words, you can spend your tax refund now, when you need it the most, instead of having to struggle now and get your refund some time in the spring. All it takes is a simple online application form and a few minutes of your time. Unlike the first-generation tax refund loans, which were offered only through tax preparers who then required you to sign over your actual refund as repayment for the loan, and took their fees and interest out of the amount you received instead of out of the repayment, with these loans you receive all the money you are approved for, and repay out of your own funds – your actual tax refund still belongs to you 100%.Income Tax Refund Advances Help You Through an Unexpected Budget Crunch
Not everyone is good at budgeting – a lot of us just pay bills as they come in and hope for the best. But even those who budget carefully will find themselves in situations where they wish it were tax time and they could look forward to that annual windfall. Hourly jobs such as retail and food service are notorious for having changeable schedules – and in the restaurant business in particular, tips can be great one week and nonexistent the next. Then of course there are bills – heating bills in the winter, cooling bills in the summer. Kids need new clothes, sports gear, and money for school projects and class trips. Income tax refund advances can provide the cash you need for those things and more – car repairs, holiday celebrations, emergency dental work – while not interfering with receiving the refund you’re looking forward to spending in the springtime. No matter what your particular financial obstacle is, you can have cash waiting in your bank account as soon as tomorrow so you can move forward taking care of your life and your family, stress-free!Save Money with an Income Tax Refund Advance
Did you realize that you can actually save money by taking out a loan? When the alternative is paying bills late, or maybe even overdrawing your bank account and being charged expensive overdraft fees for every single transaction that went over – putting your account more deeply into the negative, making it harder to dig out before next payday and leaving your budget for bills and necessities even shorter than it was. Credit cards are often thought of as a good solution to this problem, but that opens up another can of worms – the reason credit cards feel like such an affordable solution is that the minimum payment is so small and so easy to meet. What that means is that you can easily go on for months or even years, accumulating more and more interest – which in turn accumulates interest – while paying $25 a month but owing more and more. With an income tax refund advance, you get the cash you need to cover the unexpected expense, and repay it with your next paycheck or two. No ongoing debt or interest, and you get to look forward to your tax refund like always!What is an Income Tax Refund Advance?