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Income Tax Advances - Frequently Asked Questions

Before you go further please note that answers about loan cost, terms and filing your taxes was provided on the home page of the website. So if you're looking for answers to those questions then return to the "Home" website page (see link above).

We are here to help you get cash for emergencies. If you're in need of answers about income tax advances, try our explicit FAQs below. Click on the topic of interest for more information about getting a loan that can help you get the money you need.

I'm a First Time Income Tax Advance Borrower
Income Tax Advance. What is it?
What are the minimum requirements for getting an income tax advance?
What is the process of getting an income tax advance?
What if I have a bad credit history?
How long does take to get an income tax advance?
Where is my tax refund?
Will I need to print or to fax anything?
How much does it cost to get an income tax advance?
What happens if I am late on a payment or need to skip a payment?
What is a repayment process?
What if I don't make a payment at all?
Is there an option to refinance an existing loan?

Income Tax Advance. What is it?

A income tax advance is a loan provided in advance of you receiving your income tax refund that is very useful for financial emergencies. Since we do not file your taxes, receive your refund or required copies of your tax return we limit the max amount loaned to $1500. It is perfect for people who need their income tax much faster then the IRS provides. Many people who request income tax loans could never obtain a loan from a traditional bank within 24 hours.

What are the minimum requirements for getting an income tax advance?

Since we do not file your taxes for you, your refund does not come directly to us and you are not required to provide copies of your income tax returns a borrower must meet the following minimum requirements:

  • be a United States Citizen
  • be at least 18 years old
  • have a job that pays a minimum of $1000 per month
  • have direct deposit to a bank account

What is the process of getting an income tax advance?

Getting an income tax advance is extremely simple. Loan funds are deposited directly into your bank account. It is a simple process that starts with you filing out a simple application which gets processed while you wait. Once approved, your income tax loan will be sent to your bank account.

What if I have a bad credit history?

There is no need to worry if you have a bad credit history. Even people with a bad credit history can get access to income tax advances. Many people who would not get the chance from a traditional bank, can get cash as early as next business day. Simply by filling out our online application you can get access to the money you need.

How long does it take to get an income tax advance?

It doesn't take long to get the cash you need. It is really a matter of filling out the online application and being patient while your application is automatically processed as you wait. The application asks very basic questions. Loans completed by 5:00 eastern time are funded the same day and should be in your bank account the next business morning.

Where is my tax refund?

Tax season is notorious for being a tough time of year and you can never get a straight answer from the IRS to "Where is my refund?" No one knows how long the wait is and it does get frustrating. The IRS provides times based on ideal circumstances. We may not file taxes for you but we do have help that will make the process less of a headache! Read more on refund timeline and tax return process´┐Ż

Will I need to print or fax anything?

Part of the advantage of these loans is that most of the participating lenders require no papers to be printed or faxed in order to request and receive a loan. However it is important that you have a printer to print out the loan documents for your own records.

How much does it cost to get an income tax advance?

Your loan rate and fees will be determined during processing and will be clearly displayed with all loan terms on the participating lenders loan document that you will be required to e-sign in order to complete the loan applicaiton process. Please remember that we are not a lender and we do not provide lending services directly to consumers. Submitting your loan application through us incurs absolutely no cost. We are paid by the Direct Lenders or network of Participating Lenders to whom we refer you. Even if you turn down the loan or exit the process at any time, our service remains FREE of charge to you.

What is the repayment process?

The amount loaned along with the loan fees are withdrawn from your checking account automatically on the due date of your loan by The Lender. You don't even need to think about it! You don't need to make any payments or visit any store. You can request an extension if you need it by contacting your lender before the due date. Additional fees by The Lender do apply to loan extensions.

What happens if I am late on a payment or need to skip a payment?

Each Participating Lenders has their own policies pertaining to late payments. The Participating Lender's policy, including the additional charges you will incur, is detailed in the loan documents provided to you by your Participating Lender before you are requested to e-sign the loan. Once you have signed the Participating Lenders loan documents, you will be expected to understand and abide by the loan terms including the additional charges and/or interest if your repayment is late. If you are not able to make the payments timely, please contact your Participating Lending as soon as you are aware the loan will be late and work with them, but remember additional fees and interest may apply.

What if I don't make a payment at all?

Additional fees, and charges by The Lender may apply to you in the event that you do not repay your loan. Please remember that refusal or failure to pay may result in legal action against you by The Lender in an attempt to collect the loan amount, interest and costs of collections.
It.s important to remember that we are not a lender and do not provide lending services directly to consumers.

Is there an option to refinance an existing loan?

Loan renewal policies are largely governed by State statute. In states where rollovers or extensions are allowed, interest rates, and late fees may be added to the original loan amount and that can result in a substantial increase to the amount you will be required to payback. Again, be sure to read the Participating Lenders loan terms in carefully and thoroughly before signing the initial loan contract.

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Secure & Private Service

Income Tax Advances is an online lender that provides safe and secure refund anticipation loans to consumers who have their paycheck direct deposited into a checking or savings account. Since we base your refund anticipation loan off your income you are never required to supply a copy of your income tax return and you can apply even before you file your taxes and you can apply right here online. We collect information about your bank account details, as well as employment details, and we keep all data confidential. We only use it to process your online income tax loan. Your information is always safe when you apply for Income Tax Advances Online.

Through encryption and high levels of data security, we protect you and we keep your information safe. Our systems have been developed to guard against identity theft. We understand how valuable your personal details are: your social security number, bank account number, address and phone numbers, etc.

Loan Terms: Income Tax Advances works with many lenders and does it's very best to match you with the lender with the best loan terms based on the information you provide on the application. All repayment terms are provided by the lender and therefore all questions concerning loan terms should be addressed directly with the lender you are matched with. For more information simply click on "Rates and Fees" located at the bottom of every page.

Tax Filing: Income Tax Advances or its lenders do not file your taxes for you, do not receive your tax refund directly and do not request copies of your tax returns. Due to the potential of the IRS either keeping or delaying your tax refund we must place the repayment of the loan to be due on one of your pay dates for your protection. Further, since we do not file your taxes or know for certain the amount you will be refunded from the IRS, we must base your Refund Anticipation Loan amount on your income and cap the maximum loan amount at $1500.

Bank Account Required: In order to receive a loan you must have a bank account where the Refund Anticipation Loan can be deposited and repayment drawn from. In most cases the loan will be direct deposited into your bank account within 1 business day and repayment will be auto drafted from the same bank account. We want you to be aware of this so you deposit enough of your refund into your bank account to cover the loan and fees. If you wish to request to renew, extend or refinance your loan then you must contact the lender who will be there to assist you. A loan renewal, extension or refinance will most likely result in additional fees, charges or interest which you should discuss with your lender.

Income Tax Advances provides online refund anticipation loan services of one type or another in almost all 50 states. However, some states only allow for issuing of refund installment loans or refund lines of credit.

All Income Tax Advance lenders act as a credit service organization or credit access businesses (CSO/CAB) in Texas and are not the lender - loans there are made by third-party lenders in accordance with Texas Law.

This is an invitation to submit a refund anticipation loan application, not an offer to make a refund anticipation loan. No person applying is guaranteed to receive either a refund anticipation loan, tax refund loan in 1 hour, tax refund installment loan or tax refund line of credit.