An Online Tax Refund Loan Can Be the Solution To Uneven Income Or Expenses
If you’re one of the millions of Americans working for hourly pay, at either your main or secondary job, you understand the frustration of not being able to count on the same level of income each week. How is a person supposed to budget and plan to pay their bills when they don’t know how much money will be coming in when? Nearly everyone can relate to the flip side of this – the fact that bills aren’t evenly distributed throughout the month, or even throughout the year. All sorts of one-off expenses need to be dealt with periodically – annual insurance premiums, homeowners association fees, tuition, even items like birthdays and holidays. All these things can be planned for, but even with planning they disrupt your budget. If those bills happen to come in around the same time as your tax refund, you’re one of the lucky ones – but what if they don’t? That’s when an online tax refund loan can rebalance the scales and match your cashflow to your outgo.
Even If You Have Bad Credit, You Can Be Approved For An Online Tax Refund Loan
An advance on your tax refund is a different kind of loan. You’re essentially borrowing from yourself, since you know that your refund is coming to reimburse you for the payments you make on the loan – so you come out close to even. You receive funds, pay them back, and then get them back again! Unlike other types of tax refund advances, the fees and interest aren’t subtracted off the top of the amount you receive, so the amount you’re approved for it’s the amount you get. Even more importantly, and valuable to a great many people who have had credit problems in the past, your credit score is not the main criteria in whether or not you’re approved. The credit bureaus keep seven to ten years worth of data, and compile that into a report that gives a very long view of your credit receipt and payment history – but online tax refund loan lenders understand that such a short term arrangement as this requires different standards and approval criteria.
Applying For An Online Tax Refund Loan Is Quicker and Simpler Than The Loans Offered By Tax Preparation Companies
The original tax refund advance loans were offered only by companies that prepared your taxes for you, and in order to get the loan you had to pay them to do your return as well. In addition, they will not approve your loan until the return has cleared a level of approval with the government agency, confirming that you have no liens on your refund such as child support or back taxes. This creates yet another delay, on top of having to wait until you’re ready to file your return. What if you need cash now, months before this is going to be a practical option? An online tax refund loan can be approved in minutes, regardless of whether or not you’ve filed your return or not. The simple application process means cash in hand in as little as one business day, with no credit check, no paperwork, and no drama. What more could you ask for?