7 reasons why a tax refund loan might be right for you
Thousands of Americans are forgoing the long IRS wait by opting for a tax refund loan instead
Tax time is a highly-anticipated time for taxpayers who expect a return from the federal government. Millions of Americans use the money from their refund to pay off debt, stash some cash into a savings account, make an expensive purchase, or pay for repairs that they have been putting off. For most taxpayers expecting a big check in the mail, the wait to receive it can seem like forever. It takes the IRS (on average) anywhere between 3-6 weeks to process the average taxpayer’s return. Some taxpayers can afford to wait that long for their check. Some can’t. Here are 7 reasons why a tax refund loan might be the best decision for your 2013/2014 return:
1). You need instant cash:
Let’s say you’ve filed your taxes. You’re expecting $950 back from the IRS. Instead of waiting 3-6 weeks for the IRS to process your return and mail you (or direct deposit) your $950, you can apply for a tax refund loan in the amount of $900 or $1000. Instead of waiting 3-6 weeks, you could get that cash in 1 business day instead. That $950 would be available to you now. Once your refund comes in, you can simply repay the $950 you borrowed plus any fees with the $950 IRS check.
2). You need to pay for a repair:
Car and home repairs are two types of repairs that usually can’t wait. Paying for your necessary repair with tax refund loan cash is a better decision than paying with a high-interest credit card. You could end up paying months of high-interest payments which would cost you more money after it’s all said and done.
3). You have a lot of debt:
Debt is the number one problem in most American households today. Mortgages, car payments, cell phone payments, credit cards, student loans, and other types of loans on furniture and appliances are the norm. Many people can handle these payments until something like a job loss, a pay cut, or reduced hours happens. After a few months of missed payments, interest rates shoot up and credit scores go down. If you’re planning on using your refund to cover debt, a tax refund loan might help. Instead of paying another month of interest while you wait for your refund check to come in, you could eliminate your debt immediately.
4). You need a large, expensive appliance:
Instead of opting for another payment plan on another purchase, wouldn’t it be nice to pay for everything up front? Thousands of Americans purchase home appliances and furniture on credit cards. Many choose payment plans with interest over purchasing the item outright. These types of items are expensive and most people don’t have enough cash in savings to buy these items without financial assistance. Many stores make these “no interest until 2017” deals seem cheap and easy. However, in reality, that extra $5 of interest a month over 5 years will end up costing you $300 in interest alone. Depending on the item, you could pay as much as twice what the item cost alone. A tax refund loan is a great way to buy the appliance or piece of furniture you need without enlisting the assistance of another high-interest payment plan. With a tax refund loan, you could get up to $1000 in 1-2 business days. $1000 is plenty of money to purchase the expensive item you need, now.
5). You need to catch up on life’s surprises:
Did you spend too much money on gifts over the holidays? Are you still recovering from an expensive medical bill or a car repair? Did you have a baby recently? If you did you’re not alone—most people who have gotten through an expensive period of time struggle many months after the original event occurred. Many people often feel like they can’t get out or they can’t catch back up. A tax refund loan can be relief for people who are currently struggling to get back to where they once were. Instead of drudging through another 3-6 weeks of financial hardship, you could get immediate financial relief from a tax refund loan.
6). You need cash to cover travel expenses:
Are you going on vacation for spring break? Do you need to take a trip to visit family? Is there a wedding or a funeral that you need to attend? Do you need to get away for the weekend? Traveling is expensive. If you’re anticipating a trip in the near future, a tax refund loan could help. You could avoid high-interest credit card charges on items like fast food, gas, and hotels by choosing a tax refund loan instead. No one wants to pay interest on a cup of coffee. Don’t rely on your credit card—fund your trip the smart way.
7). You really need to go shopping:
Some people are so used to working so hard just to live paycheck to paycheck. These people are usually extremely concerned with their bills that they never really know what it feels like to go to the mall and just shop. It’s good to let loose and buy clothes, shoes, and home accessories. With a tax refund loan you can get the cash you need for your much-needed shopping trip.
Who can apply for a Tax Refund Loan?
Anyone can apply and be approved for a tax refund loan. As long as you’re employed, have a bank account, you’re over 18, and you’re expecting a return from the IRS (if you owe the IRS a tax refund loan is not the best solution for you); you can be approved for a tax refund loan up to $1000. Bad credit and no credit is okay. The entire application and approval process takes just a few minutes. A direct lender will contact you to discuss the best alternative for you after you’ve been pre-approved.
There’s no reason you should wait 3-6 weeks for the IRS to send you your refund. See for yourself why thousands of taxpayers are deciding not to wait on the IRS. Apply for a tax refund loan now from IncomeTaxAdvances.com.