Refund Anticipation Loan
Choose an authorized tax company. You most likely already have a tax company in mind to file your taxes with, but just in case you haven't, you can go to search engines and get a review of each tax company and use the process of elimination to determine which will likely give you the best deal on your refund anticipation loan.
Get all tax related paperwork ready. Get all of your employment stubs and tax return information and put into a single file and keep the employment stubs separate from the rest of the paper work because each step requires different things and if your information is organized by what type of document it is, you have a better chance of getting a check faster.
Choose an option. If you choose to get a normal refund anticipation loan, you will have the funds available through a paper check, which can be picked up at your local store or even on a loaded debit card. This method does not require any up front fees.
Alternatives. The E-Filing option is the most secure, as it goes directly into your bank account through direct deposit and no interest will be charged as the funds will be available in 7-14 days through direct deposit into your bank account. This is an alternative to the paper check and immediately e-files your return.
Paper check. If you don't have a bank account and would rather receive your tax check through the mail, you can select the paper check method. This method allows for 3-6 weeks delivery and they prepare the return and paperwork to be mailed. This is a great option for those who don't have a bank account.
Be aware of tax fraud. Many people have complained over the years about tax fraud but little has been done to prevent this from happening. people can easily claim your dependents or even take out anticipation loans in your name if they are savvy enough. Make sure you verify all tax company's are authorized to do people's taxes through the BBB website. The Better Business Bureau has made it a mission to prevent fraud by posting legitimate websites and complaints of non-legitimate websites online.