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Businesses that prepare and file an individual's tax return typically offer "Fast Cash Refunds." There are several other businesses that offer loans to entice you to spend your refund before you get it. You may see advertisements by car dealership, furniture store, and other merchants. Look closely before you buy. These loans are often at very high interest rates.
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Who offers Refund Anticipation Loans (RALs)?
Related Questions
- RALs are usually offered during tax season (January through April) but savvy merchants are starting as early ...
- Before electronic filing, when it would take several weeks to process a paper tax return, a RAL was an ...
- RALS are short-term cash advances where income tax filers borrow against their own tax refund money. Refunds ...
- No. You are under no obligation to use Refund Anticipation Loans or purchase any product from the software ...
- Half of all RAL applicants are living on the edge of poverty. They are working families that typically ...