Short-Term Loans: A Cash Advance, Payday, and A Tax Refund Loan?

Getting a cash advance is pretty easy when you use a direct lender. During the holiday season, there is another opportunity for quick access to cash. Many tax preparation companies offer loans against your tax return. It sounds like a good way to get fast cash, right?

Once I heard about these tax loans, I wanted to learn more about them. Since I write about cash advances and payday loans quite often, I was intrigues by this other option for fast cash. During this holiday season, there are more advertisements for tax refund loans. It is interesting that the few company websites that I checked included the word fee in their service description but there were no numbers included to let me know how much. Here is what I did learn about these tax refund short-term loans.click here for more info

 

*The latest paycheck stub will be used to estimate your return.

*If there is a lien against you, back child support or taxes owed, you will not qualify.

*Legal IDs

*The phone number connects you to a call center.

*These representatives can answer basic questions, tell you what documents you will need to apply, and connect you to a local office.

*Pre-approval from the call center is not a guarantee of loan approval.

 

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