A tax refund loan can be a great option for you if you have unexpected expenses. Maybe you got in a car accident and don’t have the money left in your account to pay the insurance deductible for the needed repairs.
Or your spouse suddenly lost her job and you were counting on her next paycheck to take care of this month’s bills. Whatever your needs are, tax refund installment loans can be the relief you need.
How Do Installment Loans Work?
Typical tax refund loans from most lenders are small, personal loans that are backed by your regular paycheck.
You get a small amount, $500 for example, based on the fact that you have a job with a bi-weekly or monthly payday. Use the cash however you need to, pay it back with your next paycheck, and your debt is gone.
Sometimes, though, you need a little more money, and this is where installment loans can be useful.
Installment loans are those that you pay back on a set schedule, usually because they are for a larger amount. Because you are borrowing more money, you can’t be expected to pay it back in one lump sum with your pay check.
You set a schedule with the lender, and make payments over a period of several weeks or months. Tax refund installment loans are a great option when you need more cash, and you know that you can repay it if given a schedule to follow.
Will I Be Approved for Large Installment Loans?
Like a tax refund loan, your installment loan is based on your regular paycheck. The amount you will be approved for depends on your income and how much you can afford. To use tax refund installment loans responsibly, you should only ask for as much as you can reasonably afford to pay back.
The application and approval processes are simple and quick. You just need to fill out an easy application, and provide evidence of your age, residency status and paycheck, and you are likely to be approved.
Best of all, most lenders will not need to see your credit score, so bad credit isn’t a problem.
Sometimes life throws you a curve ball and all of your careful financial planning goes out the window.
In these moments you have choices. Look for tax refund installment loans that offer easy approval and will give you the opportunity for a repayment schedule.
Use these loans wisely, pay them back on time, and you can relax in the face of an unexpected financial crisis.
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5272 South Lewis Ave.
Tulsa, Oklahoma 74105
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