Tax Anticipation Loan to Improve Credit Lafayette LA

How Can a Tax Anticipation Loan Help Improve My Credit?

How Can a Tax Anticipation Loan Help Improve My Credit?

A tax anticipation loan may or may not improve your credit. It depends on the lender, but for these types of loans, most do not report positive behavior to the credit bureaus. However, there are plenty of ways you can improve your credit, starting with using any type of loan responsibly. While you work on that, know that you can still get approved to borrow cash with tax anticipation loans and other similar products.

Repay Tax Anticipation Loans and Other Loans on Time, Always

One way to damage your credit score is to make late payments on loans. If you get a secured loan from a bank and don’t pay on time or miss payments, you can bet they will be reporting that to the credit bureaus and possibly take your collateral. While lenders offering tax anticipation loans don’t generally report good credit behavior, they may do so from time to time. The reason they don’t is that most borrowers don’t want these types of loans on their credit reports. Regardless of the type of loan you take out, always pay on time for the best chances of maintaining or building a good credit score.

Manage Your Credit Cards Responsibly

Another easy way to damage your credit score is to misuse credit cards. When you carry too much debt on cards relative to your credit limit, that gets reported to credit bureaus and lowers your score. If you use credit cards regularly make sure you make every payment on time. Even if you can’t repay the full amount, at least send in the minimum amount due. This will help you develop a better credit score. Since tax anticipation loans are of such short duration, they do not damage your credit by carrying too much debt, like credit cards. To avoid the pitfalls of credit cards, which can damage your credit score, consider using a tax anticipation loan instead. It can provide quick cash and a way to get you out of debt quickly, unlike credit cards that keep you in debt for months and even years.

Tax Anticipation Loans Aren’t Secured, But Secured Bank Loans Could Help

One of the reasons borrowers like tax anticipation loans is that no collateral is required to get approved. Most bank loans either require that you have a good credit score or that you can secure the loan with collateral. If you need to improve your credit score and have something you can use to secure it, a bank loan is an option. As long as you make all the payments on time, this type of behavior will get reported to the credit bureaus. Of course, if you cannot secure a loan, you can always borrow using a tax anticipation loan.

When Credit Score is an Issue, Rely on a Tax Anticipation Loan

If you’re working on your credit score it may take some time to see a difference. In the meantime, if you need faster cash you have options by getting a tax anticipation loan. While other lenders may turn you away for a low credit score, lenders offering online tax anticipation loans don’t rely so much on credit checks but rely more so on you having income. You can get approved while your credit is still bad and make use of the cash for financial difficulties. Of course, you should still continue to work on improving that score for the best financial future.

Local Companies

Chad Olivier
4609 Bluebonnet Blvd
Baton Rouge, LA
Company
Title: CERTIFIED FINANCIAL PLANNER
Company: The Olivier Group, LLC
Type
Investment Advisor Rep: Yes
Education
Northeast LA University/ Finance minor Economics
Years Experience
Years Experience: 14
Service
Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Fee Only Portfolio Management,Wealth Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal,Alternative Investments,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Fun

Data Provided By:
Kenneth L. Agee (RFC®), CSA
(337) 491-7600
2527 Common Street
Lake Charles, LA
Company
True North Asset Management
Qualifications
Education: BS
Years of Experience: 14
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided By:
David Bryan Romero (RFC®), CHFC
(318) 795-0660
8848 Youree Drive
Shreveport, LA
Company
Executive Financial Group
Qualifications
Education: Business Background
Years of Experience: 23
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, CommOptions, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided By:
Mr. Adam K. Veron (RFC®), MSFS
(337) 494-3836
1304 Enterprise Blvd.
Lake Charles, LA
Company
Asset Planning & Consulting, LLC
Qualifications
Education: Masters Degree in Financial ServocesSeries 6,7,63,65Louisiana Civil Law NotaryLife and Health insuranceProperty casualty ins. licenseCertified Mutual Fund SpecialistBoard Certified in Estate PlanningCertified Annuity SpecialistBoard Cert
Years of Experience: 14
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Charitable Planning, Healthcare Accounts, Charitable Foundations, Asset Protectio

Data Provided By:
Mr. Allen A. Weiner (RFC®), CFP, CPA
(504) 838-7272
3525 N. Causeway Boulevard #802
Metairie, LA
Company
Allen A. Weiner CPA, CFP
Qualifications
Education: MA UNIVERSITY OF MISSOURI
Years of Experience: 39
Membership
IARFC, FPA, AICPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Executive Compensation Planning, Retirement Planning, Tax Planning, Tax Returns, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Education Plan, Compensation Plans

Data Provided By:
Data Provided By:
Business First Bank Llc
(337) 261-9697
900 E Saint Mary Blvd Ste 100
Lafayette, LA
 
All-State Credit Plan Llc
(337) 216-0010
2308 Ambassador Caffery Pkwy Ste 2
Lafayette, LA
 
Hometown Mortgage Company
(337) 993-2600
3411 Ambassador Caffery Pkwy
Lafayette, LA
 
Cajun Loan & Mortgage
(337) 261-4821
1800 NE Evangeline Thruway Suite C13
Lafayette, LA
 
1St Franklin Financial
(337) 593-0911
2952 Johnston St
Lafayette, LA
 
Assurance Financial Group
(337) 205-7092
1215 Camellia Blvd.
Lafayette, LA
 
Universal Lending Services
(337) 264-9990
114-A Representative Row
Lafayette, LA
 
All Day & Everyday Payday Loans
(337) 983-2446
4500 Amb Caffery
Lafayette, LA
 
Coast Capital Mortgage
(337) 269-0388
720 Saint John St
Lafayette, LA
 
Business Capitol Corporation
(888) 861-9616
P.O. Box 9054
Mandeville, LA
Alternate Phone Number
1-888-861-9616
Services
Asset based loans, accounts receivable loans, creative financing