Wednesday, April 6, 2016
Taxpayer Service at Record Low, but Income Tax Loan Can Help
Tuesday, March 3, 2015
Don’t Wait- Spend Your Refund Now With An Income Tax Loan
|Need your tax refund right now? Get an income tax loan!|
An Income Tax Loan Can Be the Simplest Solution To Your Temporary Cash Flow Woes
The clear advantage to using your income tax refund to pay off unexpected expenses is that you know where the money is coming from. With a regular loan or line of credit, the first question at hand will always be, “Can my budget handle the additional payments?” An income tax loan is simple – spend now, repay with your refund! Even if you repay it from your paycheck income, as is likely if you borrow months ahead of time, you can later pay yourself back with the refund. If your circumstances haven’t changed since last year, you know about how much you’re getting back and can plan accordingly. Most people think about loans when they’re in a sudden emergency situation, but there’s no reason it can’t be used for something fun instead. Book a family vacation with it, or buy your sweetheart something special that will make them wonder how you managed to afford it!
What Can You Do With a Income Tax Loan?
Income tax refunds are great, but they rarely seem to line up with the things we need to pay with them. Whether it’s an unexpected expense like a medical bill, an actual emergency like having the car break down or the furnace die in the middle of January, or something that was planned and expected but not budgeted for properly, there are at least a few times a year when we each think, “I wish my tax refund were due back to me right about now!” With an income tax loan, you can take advantage of them any time of year.
The Old Way Of Getting an Income Tax Loan Versus the New Way
Traditionally, loans against your tax refund were only provided by tax preparation services. These companies would require that they do your return, or that you brought it to them already prepared and ready to be electronically transmitted – for a fee – before they could offer you a loan in anticipation of your refund. Here’s how it works: the service completes your return, and enters their bank account number as the one which the refund should be sent to. You, as the customer, sign your agreement to this. Later that day or a few days later, depending on the program, you need to return to the office during their business hours to pick up your check. The check will be in the amount of your refund less their tax preparation fees, interest, and other processing fees. Then you’re done, and the loan will be repaid when they receive the deposit of your federal refund. On the other hand, an income tax loan can be much simpler, involve fewer fees, and leave you much more in control.
Try this scenario instead. One evening at home, you decide that a loan would be a good way to pay off some urgent expenses. An income tax loan is your preference, since you can’t think of any reason you wouldn’t get back the same amount as last year, and that’s plenty for your current needs. You flip open your laptop, surf over to eTaxLoan.com, and enter your name, email, state, and phone number. Click “Get Cash Now” and you’ll land on the main application page, which asks a few more questions such as your address, driver’s license number, and how much you wish to borrow. “Continue to Employment Info” brings you to a few more questions about where you work, when you get paid, and your banking information. That’s it! The questionnaire takes less than five minutes, you can borrow up to $1000, and save yourself time and fees.
Income Tax Loan Repayment Is A Breeze, and Flexible To Boot
When you apply for your income tax loan, repayment will be scheduled to be drafted directly from your bank account on your next two paydays. If you’re going to be getting your actual federal or state refund during that time, just leave it there, and the loan is paid! If not, payments will come from your paycheck. Sometimes things come up, and a particular pay date isn’t a good one to make a loan payment. No problem – just call the phone number provided and reschedule! For a fee – a much lower one than you could find yourself paying if you overextend your checking account and end up with a string of bounced checks! – they’ll be happy to reschedule the payment for your next payday.
Don’t Wait- Spend Your Refund Now With An Income Tax Loan, By Heather Wilson -