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Don't Pay to Borrow Your Own Money: The Risks and Costs of Tax Refund Anticipation Loans URL: http://www.consumerlaw.org/issues/refund_anticipation/content/RALBrochure.pdf Description: This brochure discusses why it does not make economic sense to take out a tax refund anticipation loan (RAL). Topics addressed include extremely high interest rates and how RALs can be dangerous because, being loans, they must be repaid even if the tax refund is not received. Also includes suggestions for ways to save money at (and before) tax time. Opens directly into a PDF file. From the National Consumer Law Center. LII Topics: Consumer Research & Advocacy, Loans, Other Tax Topics, Tax Filing Season Publisher: National Consumer Law Center, Inc. LII Database Information: Record 28042 created by Maria Brandt on 03/02/2009 Last modification on 03/04/2009 Published: 03/05/2009 LII Item ID: http://lii.org/cs/lii/view/item/28042 |
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