The Dangers Of Income Tax Refund Anticipation Loans

Pay Off Debt or Invest - What Should You Do with Your Income Tax Refund?

Income tax refund anticipation loans are not a good deal for consumers. In fact, they are downright crummy and can cost you hundreds of dollars. Unless you are in dire need of funds right away for a legitimate emergency, you are better off being patient and waiting for your income tax refund to come to you through direct deposit or even the mail instead of getting an income tax refund loan. What Is an Income Tax Refund Loan? A tax refund anticipation loans is a program offered by many of the nation’s largest tax filing companies. The program allows taxpayers to get their tax refund from the filing company immediately that day instead of having to wait for the IRS … Read more