Waiting on Your Tax Refund? Quick Cash Loans Can Bridge the Gap

Waiting on Your Tax Refund? Quick Cash Loans Can Bridge the Gap

If you are waiting on a tax refund, you probably already have plans for the money. If you file your return by mail, you could wait up to 6 weeks for your refund check to arrive from the IRS. Even those who file electronically wait 10 days or longer. When you have pressing bills to pay, these wait times simply aren't acceptable. You may be facing bills or payments that are accompanied by late fees and penalties that can add up quickly, as well as damage your credit.

Many taxpayers in the U.S. have, in past years, relied on Refund Anticipation Loans (RALs) in order to get access to the cash coming to them. This year, it appears that traditional RALs will be less accessible partially due to new IRS rules that have had the effect of limiting how much credit banks are willing to extend in RALs. It is estimated that many more people will be turned down for these loans in 2011 than were in previous years. As reported by US Funds.com's October 29th Investor Alert, some of the major vendors of refund anticipation loans experienced sharp stock losses when the news was published that they would not be able to provide the number of RALs they had in the past: [The stocks] "had sold off sharply during the prior two weeks on concerns over...limited availability of funding for tax refund anticipation loans to its customers."

If you need access to your tax refund cash right now, why not consider a quick cash loan instead? Many short term cash loans require only U.S. citizenship and 18 years of age, a job, and an active bank account with direct deposit as basic criteria for applying for short term cash advances.

Cash loans are easy to apply for and if you are approved, the cash you need can be in your account in as little as 24 hours, not ten days! Repayment is easy too, since the money you borrow can be deducted from your account when your tax refund arrives. Fees for quick cash advances, are in many cases, less than you might owe if your bank account goes into the negative, you bounce a check, or you have to pay expensive reconnection fees for your phone or utility service.

By seeking out a cash loan instead of potentially being denied a RAL, consumers may ensure a better chance at having their hard-earned cash in their accounts quickly and easily.

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