Did You Know You Can Get A Tax Refund Anticipation Loan Now?
To say that most of us “anticipate” our tax refunds is probably a gigantic understatement. It’s the only time of year that we can get anywhere from cash for a decent dinner out to the equivalent of several paychecks completely without obligation. It’s not a gift you have to reciprocate, and it’s not a scheduled job-related pay that has to go toward bills or your mortgage. It’s free money – it’s even tax free! Who wouldn’t look forward to that? What not everyone knows is that you can get a Tax Refund Anticipation Loan at any time of year – not just from the big tax prep companies. They may have started them off, but they aren’t alone anymore! You can get an advance on your tax return at any time of year now, payday loan style.
Tax Refund Anticipation Loans Can Fund Your “Pet Projects”
Your pet project might involve an actual pet – but probably not. Been looking forward to fencing the backyard? Or escaping the yard to take the family camping? Whether you need extra cash for a practical home-improvement project or an adventure or luxury that just isn’t in your usual budget, tax refund anticipation loans can make that happen. They’re simple to apply for – just figure out what you expect to be receiving when your return comes in, based on previous years’ and adjusted for any changes and complete the quick and simple online form. Lenders are available 24 hours a day, so there’s no waiting while your application sits on someone’s desk. Response is immediate, and you can have cash in hand in as little as one business day. Since you’ll be receiving the actual refund to reimburse you for the payments you make on the loan, it’s like borrowing money from yourself!
You Can Actually Save Money With Tax Refund Anticipation Loans
Using credit isn’t always a bad thing. Sure, there are fees involved, but often they’re less than the expenses you can avoid through the careful and considered use of credit. For example, perhaps you are in the market for a used car and your credit isn’t great. You look at cars and find one you like, but without a down payment the interest rate they will be charging is at the top of the chart. Use a Tax Refund Anticipation Loan to access the funds you’re expecting to come in later, and put that toward the car! The interest you pay on the short-term advance will be far less than the additional amount the car would cost if you had to pay a higher rate on that for the years you’ll be paying off that loan. The same theory applies to using the loan as a “cushion” in your bank account to avoid late charges and overdraft fees, which in addition damage your credit. Meanwhile, on-time payments report positively toward your credit report and help you increase your score for the future!