A tax refund loan, also commonly referred to
as a tax refund anticipation loan (ral), tax refund installment loans or income tax loan» can help ensure that you catch up that much quicker.
Not exact matches
However, this year, due to the credit crunch, many will find that these backing banks are not
as willing to provide these loans to nearly
as many
tax payers Many people will find that they pay hundreds for the
tax preparation services and are then denied a
tax refund anticipation loan, which itself comes with it's own cost from these companies when they do provide them.
iTaxAdvance.com always recommends that you file your
taxes as soon
as you can, if not prior to applying for a
tax refund anticipation loan.
We do recommend you file your
taxes as soon
as possible, so that your
tax refund anticipation loan can be repaid in a timely fashion.
In fact, 2012 will be the last year you see
refund anticipation loans,
as the last bank that offers them, Republic Bancorp, will end their RAL program due to FDIC restrictions (they back the loans of Jackson Hewitt and Liberty
Tax).
A financial wellness website, Green Path describes
tax anticipation loans
as «a taxpayer receiving, the loan funds in the amount of their
tax refund less the cost of interest and fees for the loan that is repaid when the IRS sends the
refund check.»
If you're tired of waiting and waiting for the government to give you the money that you worked hard to earn, use a
tax anticipation loan this year to get up to your full
refund as soon
as today.