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DES PLAINES, IL, February 01, 2023 /24-7PressRelease/ -- Taxpayers anticipating the prompt delivery of their 2022 tax refunds are in for disappointing news. The Internal Revenue Service is projecting significant delays in the processing of tax returns and the issuing of refunds.
A recent federal report found that the IRS has failed to meet its responsibility to pay timely refunds to millions of taxpayers for the third consecutive year. Pandemic-related personnel issues continue to slow the annual processing of returns.
"We can't do anything about the IRS's delays," says Barbara Wolf, chief executive officer of S.A.I.L. Loans. "But we certainly can do something for the millions of Illinois families who are counting on their tax refunds."
Delivering for families when refunds are delayed
"So many families have big plans for their tax refunds," Barbara continues. "They intend to use those funds to make a long-anticipated purchase or to pay down the holiday bills that came due in January.
"The savings and installment loan we provide at SAIL Loans helps them make those plans a reality," says Barbara, "even when their tax refund is months in coming."
With SAIL Loans' savings and installment loan, Illinois consumers can build their savings and get funded for an installment loan up to $4,000 in three easy steps.
"Taxpayers generally expect to receive their federal tax refunds within 21 days," Barbara notes. "The past few years have shown the process can take much longer. But people still have bills to pay and financial needs to address. SAIL Loans is proud help them meet those demands easily and affordably."
Cash for today, savings for tomorrow
"Our savings and installment loan helps families in two different ways," says Barbara. "First, they're getting a loan to meet their immediate financial needs. At the same time, they're building a savings account as they pay off the loan.
"They find themselves in a more stable financial situation," she adds, "and can then continue building their savings."
Customers can apply for a savings and installment loan through the SAIL Loans website or by visiting one of the company's many convenient Illinois locations.
Just what families need, just when they need it
"No family should start the year behind the eight ball," Barbara states. "So when the IRS takes months to deliver their refund, our savings and installment loan helps them stay on budget while they build their savings. And our loans have no penalties for prepayment, so our customers can pay off their loans as soon as their tax refunds arrive.
"We help families meet their financial obligations and become better prepared for life's unexpected expenses," concludes Barbara. "SAIL Loans helps our customers set sail for financial stability."
About SAIL Loans
SAIL Loans, headquartered in suburban Chicago, gives Illinois consumers a simple, easy way to build savings and get funded for an installment loan of up to $4,000, both online and at 19 convenient locations across the state.
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