When You Need Extra Cash, Tax Loans Are Like Borrowing from YourselfThe problem with taking out a loan when you need extra money beyond what your weekly or monthly budget permits, is you then need extra money in your budget in order to pay it back! With a Tax Loan, you know exactly where that repayment money is coming from. If your refund is due soon, the loan can be repaid with the refund itself; if not, it can come out of your next couple of paychecks, but either way you know your budget will return to its usual balance when the refund arrives. It’s like borrowing from yourself, since that’s what a tax refund is – your own money – which reduces the stress around the process and feels comfortable for those for whom borrowing money feels as though they’re potentially overextending themselves.
Fast and Simple Tax Loan Application Process Means Money In Hours Not Days
Loan applications are traditionally long and tedious things, but Tax Loans are a different breed entirely. The application is so simple and quick, you can fill it out during a commercial break of your favorite TV show! Lenders are available twenty-four hours a day, seven days a week, so you can apply at any time that works for you, instead of a time that works for the bank. There are only a handful of easy questions, verifying your qualification, employment, and banking information. You’ll be done with it in five minutes, and the approval comes within 90 seconds after that. Approval provides everything you need – the amount of the loan and the interest and fees, the repayment dates, and all applicable terms. It’s all right there, and you even sign online, so you don’t need a printer or a fax machine.
Tax Loans Have Flexible Terms to Fit Your Needs
Normally tax loans are repaid in a month or so, either from your paychecks or your refund. So, what if you need a different arrangement? No problem. Installment loans provide longer payment terms, if that’s what you need; smaller payments over a longer period of time can go a long way to making repayment a more comfortable fit for your budget. Another option is a line of credit – apply now and receive approval for the maximum amount you can borrow at any given time. Then withdraw what you need, and repayment principle goes back into your available balance to borrow again any time you need it again. Both of these options are made available by lenders who understand that nobody’s situation is quite the same as anyone else’s, and different options make sense for different people. They want to provide options that will succeed for as many people as possible, because that’s good business – a win-win situation all around!
Tax Loans Mean No More Financial Emergencies
When an appliance breaks down, or our car, or we suffer some other minor emergency, a great deal of the stress involved is usually related to the financial hardship involved. If money was no object, a broken water heater would be a minor inconvenience rather than a crisis. Using a tax loan to cover the unexpected expense means that your regular weekly or monthly budget remains undisturbed, with no need to delay other bills in order to pay for the new water heater or car repair. It’s a huge relief to be able to write that check or pull out your bank card, pay the bill, and move on with your life – crisis averted! – instead of putting ongoing emotional energy into worrying about how to make up the difference and which other bills can be juggled out of the way temporarily.
Repaying Tax Loans Is Easy As Pie
The last thing we want to do is forget to make a payment on a bill that has a late fee – and for tax loans that’s been taken care of for you. Instead of getting a reminder in the mail or email, after which you need to write a check or schedule a payment through your bank, tax loans set up automatic drafts from the same account the funds are deposited to. This is done when you provide your employment and banking information on the application, so there’s no way for you to forget to make the payment and incur an accidental late fee! Unlike traditional tax refund loans processed through tax preparers, these loans do not intercept your refund – it still comes to you – so making it easy for you to make the payments is a top priority!
No Credit Check Required For Tax Loans
Bad credit? No worries! There’s no credit check when you apply for a tax loan. Instead of basing approval decisions on a number generated by an algorithm created by the credit bureaus to measure someone’s creditworthiness based on past behavior, lenders for tax loans base their decisions on each person’s current income and ability to repay. There are simply too many factors involved for it to be reasonable to assume that because someone had financial difficulty in the past that created negative marks on their credit report that they are unable or unwilling to make good on a loan now. Many people currently have blemishes on their credit report caused by circumstances out of their control- lost income due to businesses that closed or laid off many good workers, homes foreclosed on, changes in the unemployment payments and laws – and these lenders understand that and want to help! Apply for a loan today.