How Do I Qualify for a Tax Loan?

A tax loan can be a great way to get extra cash. A lot of our borrowers use these loans to get money in between paydays, when they run out of cash but still have bills and other expenses. Some use the loans to pay for unexpected expenses that come up, like doctor bills or repair bills. Still others use the loans to take advantage of opportunities that cost money they don’t have. These sound like good ideas, right? But you may be wondering if you qualify. Here’s what you need to know.

A Tax Loan is Not Just for Tax Season

Some people make the common mistake of assuming they cannot qualify for a tax loan outside of traditional tax season. This just isn’t true. Our lenders are aware of how taxes work and that they are not strictly paid or filed during the first few months of the year only. Some people get their taxes done early, while others get extensions and file months later. You can potentially qualify for a tax loan at any time of year.

You Don’t Have to Show Proof of a Pending Refund to Get a Tax Loan

Another assumption that isn’t true for tax loans is that you need to show proof that the IRS owes you a refund in order to qualify. A lot of people who use these loans feel more comfortable borrowing knowing that they have a chunk of money heading their way in the form of a refund. However, having a refund coming is not a qualifying factor for getting a tax loan. You could even owe the IRS money, and a tax loan can be one way to pay that bill.

Your Credit Score Isn’t Important for Qualifying for a Tax Loan Either

With a lot of loans you do need to have a decent credit score from one of the three reporting agencies in order to qualify. This is not the case with these tax loans. Our lenders use a variety of factors to approve applications, but credit score is not an important one. In fact, they don’t even use the standard credit score to assess your credit, but use some alternatives instead. You don’t have to worry that your low credit score will prevent you from getting approved for a tax loan.

Do You Have a Job? That Can Get You Qualified for a Tax Loan

One of the most important things you need to get qualified for a tax loan is to have a steady job and a good job history. This is one of the main things that our lenders look at to approve applications. They want to see that you have a way to be able to borrow and repay the loan responsibly. If you don’t have a steady job, you are unlikely to be able to handle even a small loan. So, just having a job could be what qualifies you for a tax loan.

How Do I Qualify for a Tax Loan? By Eric Knapp - 5/23/17

3 Ways Americans Use Tax Refund Advances To Improve Their Budget

80% of Americans get a tax refund every single year – so if you’re one of the lucky majority, you’re probably already planning the ways you’ll spend that cash! No matter what you want to spend it on, a tax refund advance can make that money yours now instead of later. Our application takes less than five minutes to complete and it’s available 24/7 – to qualify for a tax refund advance, you just have to be 18 or older, a citizen, with a bank account and a job. You can even apply from any computer, tablet, or smartphone, so you can apply discreetly without asking anyone for help or taking time out of your busy day.

1. Tax Refund Advances Give You Money That You’ll Spend Anyways

No matter your plans or reasons for getting a tax refund advance, it’s one of the safest and best ways to get cash now. It’s money you’ll spend anyways, but because of the slowness of the federal government, you have to wait weeks or even months for that check to show up! If you’re tired of letting life pass you by while you wait for that federal refund check, use a tax refund advance to get your thousands deposited directly into your bank account in 24 hours or less. The tax refund advance is your money that you earned by working hard – don’t let the government force you to wait to enjoy it!

2. Use A Tax Refund Advance To Pay Off Holiday Debt

By now, most people have paid off their holiday debt and bills, but if you’re one of the many that are still struggling with those last few pesky payments, avoid late fees and expensive penalties with a tax refund advance! You can apply online and have your tax refund advance deposited almost immediately into your bank account so you can pay everything off completely without worrying about interest or costly late payments. Keep your head above water with a tax refund advance and let your money work for you instead of the other way around!

3. Treat Yourself Without Having To Wait With A Tax Refund Advance

You don’t have to be facing an emergency or unexpected bills and expenses to get a tax refund advance – in fact, many of the people that get a tax refund advance use it to ‘treat themselves’, and you can too! Because our loans are given as cash deposits, you don’t have to have a certain use or reason for taking out a tax refund advance. Just apply online, which takes five minutes or less, and be matched with the perfect lender for your situation – they will deposit cash directly into your bank account, and the only thing you have to do is figure out how you’re going to spend it all! Tax refund advances are a fast, safe way for you to get your tax refund now instead of later. Apply for one online – it only takes five minutes or even less - and enjoy spending your money today instead of in April!

3 Ways Americans Use Tax Refund Advances To Improve Their Budget By Mindy Lobo - 2/28/17

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?By Eric Knapp - 12/20/16