Sources For Getting A Loan

Many people have more money withheld from their paycheck each year than they will owe in taxes. A refund anticipation loan is a cash advance against income tax refunds you expect to receive. Your tax refund pays back the loan.

Refund anticipation loans come with very high interest rates. Interest rates are particularly high when you consider that high interest rates usually reflect a great degree of risk that the lender will not be paid back. In this case, repayment comes from the U.S. Treasury.

Refund anticipation loans are not worth considering unless immediate cash is an absolute necessity.

You can get such a loan through your accountant, car dealer, check-cashing service, retailers, internet sites and tax-software companies.

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