Financial Sense: Rethink tax refund loans (Greeley Tribune)
You’ve probably heard the pitches for “refund anticipation checks” or “quick tax loans.” The official name is refund anticipation loans, or RALs. They’re marketed primarily to cash-poor taxpayers who use their annual federal and state tax refunds as a piggy bank for discretionary items or thanks to a struggling economy, essentials such as food and housing. In tough times, these high-cost loans …
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Financial Sense: Rethink tax refund loans (Greeley Tribune)
