Wednesday, September 14, 2016

Tax Refund Advance FAQ

Tax Refund Advance FAQ


Why should I get a tax refund advance instead of a regular personal loan from my bank, or borrow off my credit card? Borrowing against money you are waiting to receive from the IRS or state tax agency has a distinct advantage – it’s your money! The loan allows you to access the funds much more quickly than waiting for tax season, or later if you filed an extension, and although you pay it back like a regular loan, the government then pays YOU back when the refund arrives!

Does it cost a lot to get a tax refund advance?


Recent changes in the industry have made these loans very competitive. The speed and convenience are factors that you will pay for, but the rates are upfront, in plain view on the website, so you can make an informed decision and there will be no hidden fees or surprises.

Is the online application really that easy and convenient?


No loan application is more convenient or simpler to apply for than the one for tax refund loans. Because it’s online, you can apply at any time of the day or night, whenever is best for you. There is no physical paperwork involved, nothing to scan, fax, or mail, and no credit references or collateral required. You don’t even need a computer or laptop, because any internet-enabled device will work – you can even apply on your smartphone if that’s your preferred method of accessing the internet, or if that’s all you have available when you discover suddenly that you’re short on cash and need to find some quickly!

How long does it take to get approved?


Lenders are available 24/7 to attend to your application as soon as it’s submitted. Approval takes less than two minutes, and everything you need to review the terms and conditions and accept the arrangement will be made available to you right in your browser! Use the electronic signature to agree to the contract, and your funds will be on their way to your bank account that same day!

What if I have bad credit?


The lenders who work with tax refund advances understand that there are millions of Americans who are living with the Bad Credit label through no fault of their own. The economic downturn from which our country is finally recovering did some very lasting damage to a lot of people, and recovering from that sort of damage takes a lot longer than it does to happen. These lenders have devised their own set of criteria to determine approvals, without running the standard credit check. This way, your current income, employment history, and similar factors will be taken into account, but older information that is no longer relevant will not.

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