The Trusted Choice for Cash Loans

Request Your Cash Advance or Personal Loan Now

Computer icon ExpressCash

Simple Request Form

Submit your information today!

Time icon ExpressCash

Get lender-approved in as fast as 5 min!

Receive a decision as soon as the next business day!

Money icon ExpressCash

Fast Funding

Get money as soon as the next business day

Prepayments can be more dangerous than you think

Tax season is a long-awaited season, but it is scary. Whether you owe the state or the government owes you something, there is usually some degree of uncertainty. Last year, this uncertainty took the form of deferred reimbursement for at least a quarter of a million households. According to a report from the Taxpayer Advocate Service (TAS), an IRS-affiliated organization that helps protect consumers, the Internal Revenue Service (IRS) marked its efforts in fraudulent refund activities with approximately 1.1 million tax returns for his investigation. contain. Unfortunately, a problem exposed approximately 275,000 tax returns for at least 40 days. “These delays caused difficulties for several taxpayers who were sure of their refunds and had to contact TAS for assistance,” said the report.No one wants to spend hours browsing through complicated tax documents, waiting weeks or endlessly for that coming reimbursement check, especially in times of financial difficulty. Maybe your rent is late (or late), your credit card bills after the holidays have accumulated, or your student loans are chasing you.

If this sounds like your situation, you are not alone. The National Center for Consumer Law, a nonprofit organization, estimated in 2018 that 1.9 million taxpayers had applied for tax refund loans, which the center said “developed in favor of taxpayers who expect high refunds. “

If the idea of ​​a late repayment overwhelms you, a tax refund loan may be an option. However, make sure you know all the facts before deciding on this type of financial product.

What is a tax refund loan?

Essentially, tax refund loans work like many other prepayment services. Financial institutions that offer tax refund loans take the amount you expect from the government and give you a short-term loan based on that number. These types of loans are usually available between December and April of a given year. When your actual repayment arrives, you can use this money to repay the loan.

But a tax refund loan advance is not a magic time machine for your money. Unlike prepaid legal tax refund services offered by many tax preparation companies, tax refund loans can be problematic for a number of reasons. First and foremost, if you take out this type of loan, you will get repayment of your repayment much lower than what you would get if you expected it.

Tax relief loans are not a consumer-friendly product and are generally the product of large businesses,” said Jacob Dayan, CEO, and co-founder of Community Tax. These prepayment loans often have very high-interest rates and unnecessary interest rates. Submit and modify checks, and they ask you Submit your taxes to the department or company that offers the loan. “

Dayan also notes that he will not be entirely sure of the amount of his income tax refund until he has received his check or deposit. If it is not enough to cover the personal loan amount, the difference is probably still pending.

Are Tax Reimbursement Loans Safe?

It depends. If you get stuck on a prepayment loan, you may have trouble paying your debts. With that in mind, your credit is no different from the types of dangerous bad credit and loan applications that less reputable lenders offer throughout the year. There are legitimate tax advisers who offer prepaid loans to taxpayers at no cost or interest. These personal loans can take the form of a prepaid debit card.

There is, of course, a problem: you can only get the deal if you use the tax preparation service that the loan offers to process your tax return. Although there may not be any fees or interest directly related to the loan amount.

The Trusted Choice for Cash Loans

Request Your Loan Online Now!

Payday Loans, Cash Advance Loans and Personal Loans

Disclaimer: This website does not constitute an offer or solicitation to lend. is not a lender and does not make loans or credit decisions. provides a connecting service only and is not acting as a representative, agent, or correspondent for any of the lenders we contract with. does not charge a service fee. does not control and is not responsible for the actions or inactions of any lender. does not endorse any particular lender or loan product. You are under no obligation to use's service to initiate contact, or request credit with any of the lenders. This service is not available in all states and the service availability and scope are subject to change without notice. Subject to our Privacy Policy, will transfer your information to lenders in our program and other service providers and marketing companies with which we do business who may or may not offer payday loans. does not guarantee that completing an online form will result in your being connected with a lender, being offered a loan product with satisfactory rates or terms, or a loan product of the requested sum or on the desirable terms, or receiving any approval from a lender in the first place.

Participating lenders may verify your social security number, driver license number, national ID, or any other state or federal identifications and review your information against national databases to include but not limited to Equifax, Transunion, and Experian to determine credit worthiness, credit standing and/or credit capacity. By submitting your information via our online form on this website, you agree to allow any and all participating lenders to verify your information and check your credit. Cash transfer times and terms may vary from lender to lender. Not all the lenders in our network can provide up to $1000. The limits and regulations vary from state to state. We remind that short-term loans are not a long term financial solution.