Need a loan (secured by an annual IRS refund) on bad credit

Are you trying to get this "refund anticipation loan" now based on your paystubs or in Jan based on your actual W-2's?

You should google "refund anticipation loans" and "paystub refund anticipation loans"...20-40% interest would be a gift!

I guess by 40% interest, I was talking about the kind of loan where I could pay it back over the course of 2 or 3 refunds, not 10 days. The 500% industry standard is just insane.

i always do my rals online. it's a lot cheaper and the money come in about 1-2 days. the one i use is taxbrain.com.

Is it possible to get a loan from the federal government, kind of like buying a CD or T-bill or whatever, or does the IRS give out loans?

Yea, there are some pretty strict stips on these too....you have to use them to electronically prepare the taxes, a bunch of fees unless you open a debit card with them :shock: , etc, etc.....reminiscent of a PDL if you ask me.

It was a creative idea and good to explore all avenues. Unfortunately this one could land you in more trouble, which is what you want to get out of.

You have a 401k or any retirement to dip into as a temporary hardship?

I made some 401k payments from a full-time job I once had, but it wasn't big enough for them to keep or payout without charging a significant fraction of the total of the account. I haven't given it much thought since the 2nd or 3rd month after I was fired, and I got a new job (part-time, no benefits, but they've offered a 401k plan, primarily to capitalize on my paycheck deductions, I'm sure).

If you have any $ at all that you havent rolled over and you are in dire need, look into getting it. Sure, there will be a penalty but that is a far cry fromt he triple digit rate of the tax loans.

Since Refund anticipation loans (RALs) are bank loans secured by your tax refund, the IRS is not a party and from what I know, are not in the business of offering loans directly. They are typically issued by a tax preparation firm in conjunction with a bank and require a consumer to file his tax return electronically.

I had gotten a RAL ($500.00), back in November. When I did my taxes this year, I got a refund and paid it back then. I don't know if the IRS gives ACTUAL loans, or not. 'Mary'....you got a loan, from Craigs List? Can you tell me more information, please?

Be as repetitive as you need to be. These people are trouble and we dont want any of our members falling for this stuff.

I have tried to find all the threads that these people posted in and hopefully I have not missed one. Will have to look some more here in a little bit. Just hope they see my post after the big post where my session timed out to know it was me. When I was reading what these people were writing, I just got a bad feeling. I have a feeling it is the same person posting under both names. Hopefully no one has falled for this yet.

i sent you a qm 2nband,i too have noticed the spamster.we don't condone taking loans here.