Over the past few weeks, I have been getting more and more searchers landing on my blog with the terms “refund anticipation loan economic stimulus“. And if what that means is that people are looking for a way to get a refund anticipation loan for their economic stimulus check, I just have one word to say:
First off, the IRS doesn’t even allow refund anticipation loans for the economic stimulus (code 0248), which means that you can’t just go down to your local tax preparer and request one. They can’t help you with that, and guarantee that they’ll get your stimulus check. Not that the idea of a refund anticipation loan is a good one under any circumstance, but you can’t even get this one through the normal channels.
Am I saying it is impossible to get a “stimulus anticipation loan”? No, because I am sure that where there is a demand, there will be a supply. Maybe payday loan places will offer them. I don’t know. But I know it is a bad idea.
Please, wait for your check. Keep all of your money instead of giving some of it to whomever you get a loan through. There’s a schedule on this post of when you’ll get your check, approximately. Don’t spend the money before you have it. Just wait for the check – it will be here soon enough.