Student Loan vs. Tax Refund Loan: Which Do You Need?

It may seem straightforward and simple: Get a student loan for your tuition and other school costs and get a tax refund for any other needs you have during tax filing time. But, the truth is that the way in which you can use loans is more complicated. You have more options than you realize, and a student loan is not always your best choice for covering the costs of education. Here are some pointers and information to help you make smarter, better choices about loans.

How and When You Can Use Tax Refund Loans

One of the most important things you need to know about a tax refund loan is that you are not restricted to using it during tax time. Most lenders who offer them make the loans available year-round. Another misconception is that you need to show proof that you do have a refund on the way. This isn’t necessary for getting approved. The major factor in getting approval for this kind of tax loan is having a job and regular paycheck. If you can afford the amount you’re borrowing, based on your income, you will likely get approved regardless of your tax status.

When You Can Use Student Loans

Student loans are very specific types of personal loans. They are for tuition and school costs for going to college. You can apply for federal student loans or private student loans. The latter may be more difficult to get approval for with your credit score being an important factor. Also, a private loan can be used for anything you want, while federal student loans are restricted. You can only use the cash for school-related expenses.

When a Student Loan Makes Sense

There are some serious issues with taking out a student loan. Many people graduate and then face years, or even decades of having that debt and struggling to repay it. If you don’t get the job you want right away or one that pays well, you can have a really hard time making repayment. You may even go into default or delinquency. On the other hand, if you are earning a four-year degree and will have a huge tuition bill, a loan like a tax refund loan probably won’t be enough to cover it. You’ll probably need a student loan.

When a Tax Refund Loan Makes Sense

If you have lower school expenses, for instance if you are going to a community college or are earning only a certificate or diploma rather than a degree, you may not need a big student loan. A tax refund loan is smaller and can help you cover that last bit of tuition you don’t have the cash for. It can also help you with additional expenses associated with going to school: books, lab fees, room and board, and other fees. Know when to blow the bank on a student loan and when it’s smarter to get this smaller, more affordable tax refund loan and you’ll be making the better financial decisions for your education.

Student Loan vs. Tax Refund Loan: Which Do You Need?

There is an Easier Way to Get Help with Bills Than You Think

To get help with bills you may think that you have to risk losing your family heirloom at the local pawn shop or wait in line during regular business hours at a cash advance store. But none of these are necessary. You can get help with bills by taking out personal loans that are available online. Let these lenders help you. The steps to get approved and to have the cash in your hands are so much easier, simpler, and more convenient that you probably realize. Check it out online today or through the free mobile app.

How Not to Get Help with Bills

A lot of different ideas may come to you when you need cash and help with bills. But many of these obvious solutions come with big drawbacks. For instance, should you really borrow from a friend or family member? Getting money from a friend can come with big strings attached and may damage your relationship. You could ask your boss for an advance, but doing so may harm your position at work. Getting more hours at work is a good idea, but there may not be any available, or you may not have the time to work more than you already do.

Some types of loans may come to mind, and generally borrowing is a good idea. But not all loans make sense. An auto title loan or pawn shop loan puts something you need or value at risk. A traditional loan may be impossible to get approved for if you have poor credit. Also, these loans are not easy or simple. They take time.

Get Help with Bills from Personal Loans

You do have a lending solution that is actually pretty easy. Personal loans that are offered by lenders online make a great solution for help with bills. You don’t have to have a great credit score to be approved, the process of applying is fast and easy, and you can get cash as soon as within 24 hours of applying. The cash you need to pay those bills due this week is available.

How to Easily Apply for Personal Loans, and Get Approved

You may never have realized that borrowing can be easy, but personal loans are so simple that anyone can do it. To apply you just need to go online and fill out a short application. To get approved you really only need to have a job, an income that meets a minimum requirement, and a bank account. That minimum income is reasonable for most people who work full time. It just needs to show you can afford a small loan. And applying is even easier and more convenient if you take advantage of the free mobile app. Download it and get cash and help with bills wherever you happen to be.

There is an Easier Way to Get Help with Bills Than You Think

What Are 10 Reasons To Get a Payday Loan For Short Term Financial Needs?

Payday loans are some of the most talked about lending products on the market, with lots of negative press and notorious reputations preceding some of the shadier lending professionals in the industry. We take our job seriously and our number one priority is always going to be helping our customers connect with legitimate, safe payday loan offers online. You don’t have to risk your privacy just to get a payday loan – instead, you can apply in five minutes or less here at our website and be connected to a payday loan provider through our secure, private network!

Payday Loan Pros and Cons – Find Out The Truth About These Loans Today!

As with any lending product, there is nothing about a payday loan that makes it a one size fits all solution, or a magic fix for all of life’s financial struggles. However, for many people, payday loans are some of the only options available to them, and we understand that sometimes life gets the best of you no matter how hard you try to stay on top of the budget. Our entire network is secure and private, so you can enjoy the comfort of using a discreet system that won’t share your sensitive information with all of your friends and coworkers. You can apply from your phone which adds to the convenience factor without requiring you to jump through additional hoops just to get a payday loan! We understand when you are looking at a payday loan that you’re probably going through enough stress and dealing with enough troubles already – there’s no reason to add any more trouble

Bad Credit Can Make Things Difficult – But You Can Still Get A Payday Loan Here!

The traditional credit scoring system has evolved a bit over the years, but when it comes to how your credit reflects on your loan and financial options, not much has changed. Many people struggle to get approved for a loan or credit card due to their low credit score, but a payday loan is a great option for people who need a quick way to make ends meet for a short amount of time. We can connect you with lending professionals who aren’t just offering payday loans in addition to other services, but many of our lending partners specialize only in payday loans and therefore are able to provide an unparalleled level of expertise on the matter! You can get your questions answered in a way that is easy to understand and get approved for a payday loan all in one place when you apply here at our website. Don’t waste time going around town looking for a place to find a payday loan when you could just apply here at our website and instantly be matched with one of these incredible loan companies. You won’t have to worry about getting scammed and you can get approved quickly so you have more time to get back to what matters most in your life!

What Are 10 Reasons To Get a Payday Loan For Short Term Financial Needs?

What Credit Score Do You Need to Get a Student Loan or Tax Loan?

If you’re facing some school expenses you don’t have the cash to cover, you’re probably asking where you can find the money. You likely work and are trying to earn a new certificate or degree, but getting more hours to turn up the cash would take time you don’t have. So you turn to loans. Student loans? Tax loans? With your low credit score, which, if any, can you actually get?

Bad Credit is Not an Issue for a Tax Loan

As a working adult you have to deal with taxes, and at this time of year a tax loan is probably on your radar. To get approved for tax loans you do not need to have proof of a refund from your tax filing and you also don’t have to show that you have a perfect credit score. Most lenders offering these loans look mostly at what you earn to get you approved. With a regular paycheck and a bank account where they can transfer the cash, you will likely get approved. There is no guarantee that one of these lenders won’t check your credit, but most never do.

Student Loans and Credit Checks

Whether or not you need to have a good credit score for a student loan depends on whether you are applying for one that is private or through the federal system. Federal student loans are based on need, so there is no credit check. A private lender offering student loans will approve people much like other traditional lenders, based on credit history and score. If you don’t have a credit score of 650 or higher you are unlikely to get approved. And with a score on the lower end of the acceptable range, you’ll probably be facing higher interest rates.

A Student Loan Can Be a Long-Term Burden

Even if you go with a federal student loan with no need for a credit check, there are some big downsides. One is that this is a big loan that will require long-term repayments after you complete a degree. You will need to be sure you can get a better-paying job or a raise from your current position so that you can handle the payments later. For many graduates this kind of loan becomes a major burden. You run the risk of going into default and suffering even worse credit damage.

Tax Loans are Short-Term and Affordable

On the other hand, a tax loan is a smaller loan with a short loan period. This makes it much more affordable than a student loan. And, credit is not usually an issue with getting approved. If you’re a working student your expenses for college are probably lower because you’re taking one or two courses at a time. This makes a tax loan a good solution if you need to cover the rest of tuition this semester or pay some smaller fees, like lab or book costs. For credit and other reasons, a tax loan is a smart solution to help fund your education.

TITLE