Better Tax Refund Loan Options
What is a tax refund loan? I’ll admit I hadn’t heard of it myself until a few days ago. Apparently if you can’t wait for your tax refund check to come in the mail, you can take out a tax refund loan to pay for your expenses, and then pay it back when your check arrives. The tax refund lender uses your tax refund as collateral for the short-term loan.
Tax Refund Loans get you Cash Quickly
As anyone who has ever been employed knows, you have to do your taxes. The positive side to filing taxes is that you are eligible for a refund. According to how much you pay in taxes, the government cuts you a check if they think you have paid too much. Many people assume they will receive a certain amount and start to spend it before it arrives. The anticipation gets the best of them, or they have to purchase something while it’s still on sale. Hence the term refund anticipation loan. Whatever the reasoning, when a consumer needs funds quickly they can take out a tax refund loan.
Payday Loan Costs Less then other Tax Refund Loans
However the fees and interest on tax refund loans can be much higher than the cost associated with payday loans and cash advances. When you take out a tax refund loan you can expect to pay tax preparation fees, administrative fees, finance charges, loan fees, and processing fees. There is also high interest associated with these loans. There is only a one time fee, which can be called interest, that is associated with payday loans and the customer ends up paying much less with an online payday loan.
A Payday Loans is the Better Tax Refund Loan Option
If you need quick cash before you receive your cash refund check, the better option is to take out an online payday cash advance. A cash advance, cash loan, or payday loan is a short term loan that is paid back on your next pay period. At GreenLeafLoanGroup.com you can apply for the loan 100% online. The application is safe & secure, and approval is instant. Applicants receive their cash within 24 business hours of applying. The amount you can borrow ranges from $100 to $1,500. The amount you are approved for depends on your income, credit, and other factors established by our online payday loan lenders. We only work with licensed payday loan lenders, so our lenders always abide by industry best practices.
Why not get the cash you need and avoid higher tax refund loan fees and interest?