Saturday, July 3, 2010
Questoin on Refund ANticipation Loans?
As other's said - DONT DO IT. Read the small fine print. Some are charging you up to 600 (six hundred) percent based on your refund size. Wait the 2-3 weeks and receive from the IRS - its not worth the $ to receive it a few weeks early. Some also have clauses that say after they give you the rapid refund, if they do not receive your original check from IRS in X days, - YOU have to start repaying the loan they gave you against your refund + interest (on top of the 600% they already charging you). This is not a win/win - its a lose/lose.
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