Some lenders, tax preparers and online tax preparation services offer filers loans so the refund can be pocketed now instead of later. Ultimately, this means you are paying to borrow your own money.

Where can I borrow against my stock portfolio?

Image source: Getty Images. Borrowing against a stock portfolio is nothing new. Margin loans have been around for a long time. But securities-based loans offered by Morgan Stanley, Bank of America, and other large wealth managers aren’t margin loans. The proceeds aren’t supposed to be used to buy more investments.

How can I borrow against my home equity?

1 Home-equity line of credit What it is: A home equity line of credit (HELOC) allows you to borrow against the equity in your home. 2 Margin What it is: Just as a bank can lend you money against the equity in your home, your brokerage firm can lend you money against the value of 3 Securities-based lines of credit

What does Finstock capital do with tax credits?

Finstock Capital has made hundreds of loans to businesses seeking to borrow against their expected tax credits. We work with companies and provide loan finance to bridge companies to their next milestone event. That could be a fund raise, or a large contract win or delivery of a consignment of goods and products.

What happens when you get a Tax Refund Loan?

Once the IRS processes your refund, it will go directly to the lender. At this point, your loan is repaid and you made it through tax season. The only other thing to keep in mind is that if your refund is smaller than your tax refund loan, you will still need to pay the loan back in full.

Where can I get a tax refund anticipation loan?

Refund anticipation loans (RALs) are offered by tax preparation companies to customers who use their services. A tax refund anticipation loan can be approved in a manner of minutes and the money is usually accessible within a day or two.

How is a loan from the IRS repaid?

How you repay the loan will depend on the terms of the loan and who you received it from. Loans issued through your tax preparer or tax preparation service are usually repaid automatically.