What Are Tax Refund Loans?
Everyone looks forward to tax refund time – that annual windfall that provides the cash to catch up on bills or make purchases that have to be delayed during the rest of the year when cash is tight. Wouldn’t it be great to be able to spend your income tax return whenever you wanted to, instead of just that one time per year? Tax refund loans let you borrow against your tax return so when you need the money the most you can spend it on whatever will make your life easier – catch up on bills, buy a plane ticket, replace your computer—and still anticipate your refund coming in after you file your return. One of the main advantages of tax refund loans over standard personal loan is that they are simpler and faster to apply and be approved for, providing cash in your bank account in as little as a single business day.Online Tax Refund Loans Versus Loans From the Big Chain Tax Prep Companies
Until not long ago, if you wanted to get an advance on your income tax refund, the answer was to take your return to be filed at one of the two main tax preparation companies. That wasn’t much use if you needed money at a different time of year, or weren’t ready to file your return yet. What’s more, those companies’ loans require that you sign your refund over to them as repayment, and subtract the fees and interest from the amount you actually receive in your loan check. With online tax refund loans, you receive the full amount you’re approved for, and never have to sign over your refund to anyone – it’s all yours and totally untouched by the lender. Not only can you borrow the amount you need and still look forward to receiving your refund after you file your return on schedule, but you can do so at any time of yer – even more than once a year.Bad Credit is Ok for Tax Refund Loans
If you’re worried about not being able to qualify for tax refund loans due to negative marks on your credit, put your mind at ease. Unlike most other personal loans, these short-term borrowing options are available to anyone regardless of credit score, as long as the lender’s basic requirements are met. As long as you’re a US citizen at least 18 years old, have a job making at least $1000 per month, and your bank account can accept electronic deposits and draft payments, you have an excellent chance at approval. The lenders working with these tax refund loans generally do not run a standard credit check, choosing instead to use their own proprietary set of evaluation criteria. They understand that many people have had temporary financial difficulties in their past. The length of time it takes to rebuild credit after a problem is resolved is long – tax refund loans provide the opportunity to both access credit before your score is restored as much as many lenders require, and actually work to help rebuild it by reporting timely payments to the credit bureau as a positive transaction. Apply today for tax refund loans and get you budget back on track in record time!What Are Tax Refund Loans?