It’s Not Too Late To Get An Income Tax Advance
Just because April 15th has passed doesn’t mean you can’t still apply for an Income Tax Advance
You might think that because April 15th is in the past, so are your chances to get a loan against the refund you’re expecting to get eventually. Not so! Even if you filed for an automatic extension and won’t be filing until as late as October, you can still receive an Income Tax Advance so you can use that money now, when you need it most. Rather than having to come up with alternative sources of funding to bridge the gap between now and when your refund arrives, use your refund now and ease whatever budget worries have you checking and rechecking your bank account.
An Income Tax Advance Is Easier To Get Than It Used To Be
Originally, to get a loan against your tax refund you had to go to a tax preparation company, as they were the only providers of tax loans. A few of the differences between the process then and now include the fact that paid tax preparation services were a required in order to obtain a loan; you had to go to their office during their business hours, and wait on line for services, sometimes for hours; and instead of receiving your whole refund amount upfront, all the fees and interest were subtracted from your check. Speaking of the check, you needed to return to the office a few days later to pick it up, then deposit it in your bank and wait for it to clear. That’s a far cry from the process of obtaining an online Income Tax Advance!
Instead, imagine popping open your laptop – or even your smartphone if that’s your device of choice- and applying for a tax loan in just a few minutes, at any time of the day or night? You don’t need to pay to have your return prepared, or even provide a copy. Finally, you receive the entire amount of your loan when you get an Income Tax Advance, because the fees and interest are taken out later in the repayment process.
Bad Credit Won’t Prevent Your Approval For An Income Tax Advance
If you have had credit problems in the past, you might be hesitant to apply for any kind of loan, sure that you’ll be turned down due to your credit score. This is one case where that doesn’t need to be a concern. The standard credit check isn’t even completed for an Income Tax Advance loan; instead of judging you by events of years ago, which may not even have been within your control or due to any errors on your part, the decision is based on your current income. Since it’s a short term loan, it’s reasonable to expect that your circumstances won’t change much if at all during the term of the loan, so the fact that your income is sufficient to repay the amount borrowed – and as long as you don’t have a record of defaulting on similar short-term loans – is all the lenders need to know. The advance will be repaid like a typical short term loan, but you know your federal or state refund is on its way, and when that arrives you’ll basically be reimbursed for the repayment. It’s like borrowing your own money!
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