Everything You Need to Know about a Tax Anticipation Loan, Explained

A tax anticipation loan is a great tool that many people use to pay bills, cover unexpected costs, invest in things they otherwise couldn’t afford and so much more. For a lot of people, though, this kind of loan is a little bit of a mystery and leads to questions. When can you get a tax anticipation loan? Do you have to have a tax refund? How do you access these loans? We’re here to explain everything you need to know to benefit from these great loans.

A Tax Anticipation Loan is Similar to a Payday Loan

If you have ever gotten a payday loan before, then getting a tax anticipation loan will feel familiar. These two kinds of loans are very similar. They are both smaller loans, as compared to a bank loan, a car loan or, other large loans. They are also both short-term loans, meaning that you borrow the money for only a short period, like one or two weeks, before repaying it in full. They are also similar in that they are easy, convenient, and fast.

No Refund Necessary for a Tax Anticipation Loan

A tax anticipation loan is a great way to get the money from a tax refund in advance, but having a refund on the way is not a requirement for getting approved. What is a requirement is that you have a job and a steady income. You don’t have to earn a lot, but having a regular income shows the lender that you have the means to repay the loan. It tells your lender a lot more than your credit score does. If you have a refund coming, that’s great, but it isn’t necessary.

Apply for a Tax Anticipation Loan at Any Time

Another thing that is not a requirement for getting a tax anticipation loan is timing it for tax season. This is the most popular time for people to apply for these loans, from January through April 15, but you can actually access them at any time of year. Whenever you need the extra cash, a tax anticipation loan is one way you can get it.

Get Your Tax Anticipation Loan Online

A tax preparation service is not the only source of tax anticipation loans. You can also get these loans online. All you need to do is get online, find the application, fill it out with some basic information, and submit it to get access to our lenders. From there you will get approved and your lender will take care of all the details needed to make your loan official.

Tax Anticipation Loan Cash Comes Quick

No matter when you apply for your tax anticipation loan, you can expect to get the cash you requested quickly. Within 24 hours or less for most people, the cash will be transferred. It comes directly to your bank account through a virtual transfer so you don’t have to mess around with a check or going to the bank. The next time you need cash, consider a tax anticipation loan, now that you know everything about it.

Everything You Need to Know about a Tax Anticipation Loan, ExplainedBy Eric Knapp - 6/20/17