When to Use Refund Anticipation Loans

An important type of personal loan that many people never consider except for a few months out of the year is a tax loan. While you don’t have to have a refund on the way to get approved, these are essentially refund anticipation loans. This means that if you are waiting on a refund from the government, especially if it has been delayed for some reason, you can get it sooner. This loan is actually available all year-round, and here are some of the best times and reasons to use it.

What Are Refund Anticipation Loans? Are They Personal Loans?

Yes, refund anticipation loans are a subset of personal loans, any kinds of loans that are for individuals rather than for businesses. Many people use refund loans to get their tax refunds sooner. They use the tax money, when it finally arrives, to repay the loan. However, it is important to understand that this is not necessary. These loans can also be used for other reasons and in other ways. Basically this is a small, easy, simple, and fast loan for anyone who struggles to get approved, doesn’t need a big loan, and needs the money quickly.

Use Refund Anticipation Loans During Tax Season

These personal loans are most popular during official tax season, from the start of the year to the day your filing is due. This is when most people think about tax loans and the fact that in using them they can get their refund cash sooner. They also feel good about using refund anticipation loans at this time because it helps to know that having the refund come in eventually means paying back the loan on time shouldn’t be a problem. But refund loans are not limited to tax season. There are other times you can use one.

Use These Personal Loans if You Have an Extension or Delayed Refunds

Not everyone’s tax filing and refunds fit neatly into regular tax season. You may have delay in filing, a delay in getting your refund because of errors in your filing, or you may have requested and been granted an extension on filing beyond April 15. In these situations you still have access to refund anticipation loans. You can still get cash you need for bills and other expenses, or simply to get the money you’re owed now so you can put it to good use.

How to Get Refund Anticipation Loans

Here’s how to get these personal loans now, and any day of the year: go online or download a free mobile app, complete a short application, and submit that application. Your application goes to a suitable lender, who will get you approved as soon as possible, process your loan, and get it funded immediately. Approval is based mostly on what you earn so you won’t have to prove you have a refund on the way or a great credit score. Getting refund anticipation loans is so easy, and always remember that you can do it any time of year.

When to Use Refund Anticipation Loans