Friday, March 29, 2019
Friday, March 22, 2019
Do I Qualify for Refund Anticipation Loans?refund anticipation loans to pay bills, credit card debt, and other important expenses. Qualifying is easier than you think, and applying could mean you get your refund cash much sooner.
To Qualify for Refund Anticipation Loans You Must Have a JobThe first, most important, and simplest requirement for getting approved for refund anticipation loans is that you have a job. You should also have a regular payday and income, and your paycheck amounts should be about $800 or $1,000 per month or more. This simple qualifying factor is often enough for the right lender to determine that you can afford to take out a small loan. And that’s important with these loans: they’re small, reasonable amounts that real people can afford.
Other Qualifying Factors for Tax Refund Anticipation LoansThat you have a job and a regular income of an amount that makes sense for what you’re borrowing are the most important factors in getting approved for these tax loans. But there are still a few small boxes you’ll need to check to be sure you qualify. These include being an adult, at least 18 years old, being a legal resident in the U.S. and having a bank account. The last is important because you’ll get your cash by a transfer directly to your bank account. The repayment will also be done by deducting what you owe right from your account.
What You Don’t Need to Qualify for Refund Anticipation LoansThere are two important things you won’t need to have or prove to your matched lender to get approved for tax refund anticipation loans: a good credit score and a refund amount. Your income and job history are the main qualifying factors and are adequate for most of our lenders to feel good about approving your application. The refund you have on the way may be important for you because it makes you feel more comfortable with borrowing, but it isn’t necessary for a lender to decide you qualify.
Manage Your Credit Card Debt with Refund Anticipation Loans
Do I Qualify for Refund Anticipation Loans?
Wednesday, March 6, 2019
4 Key Differences between a Personal Loan and a Tax Anticipation Loantraditional personal loan may have its place, and the kind of person who can benefit from one, but a tax anticipation loan is often a better option. Here are some important differences that you need to take into account as you plan on borrowing money this tax season.
. A Tax Anticipation Loan Can Get Your Refund to You Sooner.This year especially, following the partial shutdown of the federal government, a tax anticipation loan makes sense for many people. You may have a refund on the way, but it could take weeks or more than a month even, to get to you. IRS workers are getting caught up, but most refunds are expected to be delayed. With this loan you can get your refund cash sooner. And while a traditional personal loan can get you the money as well, a tax loan is specially designed to get you that money you’re owed, fast.
2. With a Tax Anticipation Loan, Don’t Worry about CreditMost personal loans will require that you have a certain minimum credit score before you can be approved to borrow. This limits who can get approved and who can actually get the cash they need. If your score isn’t great, you could easily be denied when applying for a more traditional loan. But, with a tax anticipation loan, you are judged more on your income and when you receive a paycheck than your credit history. If you work and earn you have a great chance of being approved. And your credit score won’t be a factor that gets you automatically rejected.
3. Get Money Faster and More Conveniently Than with a Traditional Personal LoanFor a traditional loan you need to go to a bank or similar institution, in person and during business hours, to get an application. Then you have to wait a while to get approved and to get your loan funded. With a tax anticipation loan you can get online and apply at your convenience, at any time of day or night, seven days a week. And, because the loan is offered online with money transfers to fund the loan, you get cash faster.
4. Borrow Only What You Need with a Tax Anticipation Loan
4 Key Differences between a Personal Loan and a Tax Anticipation Loan