Port Colborne Auto Collateral Loans – One of the Many Ways You Can Pay Your Taxes - Instant Loans Canada

Blog

Port Colborne Auto Collateral Loans – One of the Many Ways You Can Pay Your Taxes

Nov 19, 2013

Have you been billed a tax you have not expected? Were you are hoping for a refund instead? Don’t worry. All of us will experience having to pay unforeseen taxes at some point in our lives. And there are fortunately so many ways we can have cash to pay for our taxes. Below are some inspirational tips you can try and share to others on how you can pay off your unexpected taxes this year:

  1. Make use of your savings. Though it might be annoying especially if you have set aside your savings account for a vacation or a dream gadget, use your savings to pay your unexpected taxes. This will be a good thing for you as you will be free from tax debts. Furthermore, that is what savings are actually for – paying unforeseen finances.
  2. Use the extra credit on your credit card. Right now, it is already possible to make use of your credit card to pay your taxes. Taxes are not only extinguished through cash payment but credit card payment as well. This is a great solution especially if you are having financial trouble you can hardly get out of. The only downside is paying extra charges the moment you receive your credit card bill – similar to the interest rates you’ll pay when you shop using your credit card.
  3. Ask for a grace period. People who are in extreme financial mishap are often granted an extension if they ask for it. Beware that not all are granted a grace period but it is always a good idea to ask for it especially if you really have no means to pay your taxes right now. Once granted an extension, use the period to generate cash either by increasing income streams or selling some of your unused personal valuables.
  4. Pay your taxes gradually. When it comes to paying taxes, there are already installment plan options. You can ask the internal revenue for an installment plan option if you can’t fully pay your taxes outright. This is one way of keeping your tax load lighter to carry. But the downside of this option is that you’ll end up paying more money to the internal revenue.
  5. Use Port Colborne auto collateral loans. If you have a car with a clean title, you can use the same as security for Port Colborne auto collateral loans. The loan is based on the equity value of your vehicle so you can borrow as much as $25,000 through Port Colborne auto collateral loans. The positive thing about these loans is that they are approved fast even on the same day of application.