2007-10-31 07:30:01 · 4 answers · asked by frankey t 1 in Business & Finance ➔ Taxes ➔ United States
You will not be able to get a loan based on your anticipated refund before you file your taxes.
You can apply to a bank or finance company for a loan. The loan can be based on your credit alone, or it can be secured by your property.
You can pledge your personal property such as furnishings and household goods. These are called chattel loans and loan companies will tell you if they offer them.
You can pledge your future paycheck at some places.
All of these loans are more expensive than the discontinued loans based on your estimated refund.
2007-10-31 10:33:16 · answer #1 · answered by ninasgramma 7 · 0⤊ 0⤋
Of course there is. You would go to a bank and take out a personal loan. You would have to make monthly payments on it, but if you explain to your banker what you would like to do, and your credit is good, your payments can be quite small, depending upon the amount. It wouldn't hurt if you had some collateral to put up, like a car with no other liens, or a boat with no other liens. Don't do your house, that is a mortgage, and you'd have to pay hundreds just to get the loan. But you might be able to get an unsecured (no collateral) personal loan, depending upon how you have managed your money in the past.
2007-10-31 14:40:50 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Not likely. The tax firms like H&R Block aren't doing those this year, and if you are asking that question, your credit probably isn't good enough to get a normal loan.
2007-10-31 14:33:22 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
NO. If you're positive you're going to get a refund - just change your W4 exemptions for the rest of the year and get more take home pay
2007-10-31 14:34:04 · answer #4 · answered by Anonymous · 2⤊ 0⤋