3 Reasons Tax Return Loans are a Bargain for Borrowers

1. You get to spend it twice. When you take out a loan against your upcoming income tax refund, you’re essentially borrowing from yourself. Granted, the interest goes to someone else, but after all is said and done you’re going to start with a specified amount of funding, repay that plus a bit more to the lender, then in a few weeks or months your get the money back yet again! And that time there’s no need to pay it back, because the government is paying you back for money you accidentally loaned them last year.

2. Unbelievable convenience. Imagine a loan you can apply for, be approved, sign the acceptance papers, and spend – all without ever leaving your house! There is no more convenient type of loan than the online payday loan, and the tax return loan is no exception. The entire process has been digitized and made available online, right down to the electronic signature you can use on the loan agreement to indicate acceptance of the terms. With a few clicks, the lender then deposits the funds directly to your bank account, and it’s available by the next business day – when you can use your debit card or computer to pay bills, order groceries, or whatever you needed the funds for. Of course, you can leave the house if you’d like to!

3. Good credit, bad credit, doesn’t matter! Unlike traditional loans that use a credit check as the first and sometimes only criteria for approval, tax return loans actually consider your ability to repay the loan. Qualification is based on your current income and circumstances, not a number based on a computer algorithm that considers seven to ten years of credit, debt, others who reported your financial activities to them, and your payment history as it relates to all of those. The lenders working with short term online loans determine their own proprietary criteria and choose not to use the standard credit score – so whether yours is good or bad, your chances of approval are exactly the same!

How Do Tax Return Loans Work, Exactly?

It’s super fast and easy – just follow the link to the application page. There are a few basic requirements everyone has to meet – be at least 18 years old and a citizen, have a steady monthly income of at least $1000, and a bank account that can receive electronic deposits and debits. The application form takes only a few minutes to complete, and if you’re one of the growing number of Americans using your smartphone as your primary computing device, here’s some good news: the site and application are optimized for mobile, so you can read all the site information and complete the form just as easily as if you were on a full sized computer. Once the form is submitted our lenders make fast work of your approval and get back to you with a specific proposal within two minutes. The terms and conditions are made available to you right there in your browser, including the interest rate and amount that you’ll pay, and if it all looks good to you then acceptance is just a signature away! Why wait? Apply for your tax return loan today!

3 Reasons Tax Return Loans are a Bargain for Borrowers By Eric Knapp - 10/12/16