Tax Advance Loans Keep Your Plans On Track When Your Return Isn’t
If you’re like most of us, you made plans for your income tax refund long before you even got your W-2 forms. So what happens when something prevents you from filing on time, but you still need the refund? Tax advance loans can get you that cash quickly and easily, and over the long term it’s a more affordable solution than you might expect! Sure there are interest and fees – but if you are accruing late fees or penalties on the bills you need to pay with that refund, they might amount to even more than the short-term loan would.
If you have creditors harassing you for payments, you’re dealing with more than simply the dollar amount. Interest and penalties are being added every month, plus you have to take into account the emotional toll of the collection process. Nobody likes getting those calls, and when they’re coming in several times a day, or calling your employer or family members, the stress can be enormous. The interest payments you’ll pay on a short-term loan are, for many of us, well worth the peace of mind we get from knowing the creditor has been paid and appeased – and when the actual tax refund finally arrives, it’s like getting paid back for the loan payments you made! It’s like borrowing money from yourself.
You Won’t Believe the Speed and Simplicity of Getting a Tax Advance Loan
The short-term loan process is much quicker and easier than the traditional loan process, or even the original tax refund anticipation loan process. Bank loans tend to start with a long application form that needs to be submitted to the loan officer at the branch office for review. At that time, they will also run a credit report and examine that carefully for any “red flags.” Depending on the schedule of the person assigned to your application, the approval process can take days or longer, during which your anxiety is going through the roof and the creditors continue to call. The traditional tax refund advance process is even more complex, since it starts with your return being completed by the retail franchise that you’ve selected. After your return is completed you can apply for the loan, from which all fees and interest – including the fee for tax preparation – will be deducted. This is quite different from the tax advance loan, which deducts no fees upfront and only adds interest on the payment side.
Compare those processes to this one: a short term tax advance loan that you can apply for from home, on your own computer, which means you can do so at any hour of the day or night. There’s no need to be concerned with anyone’s office hours because lenders are available twenty-four hours a day to evaluate your application immediately. Just hop online, fill out the quick application, hit submit, and you’ll have your answer in just about two minutes – right there in your browser. You can even sign electronically – nothing to print, fax, or mail – which speeds up the process even more. As soon as you’ve reviewed the terms and accepted them, the lender can begin the process to disburse the funds to your bank account, where they’ll be available to you in just one business day. What could be easier?