The Risks and Costs of Tax Refund Anticipation Loans
Authored By: National Consumer Law Center
But that's pretty much what happens to many folks at tax time. You may be tempted by tax-time advertisements for "Fast Cash Refunds," "Express Money" or "Instant Refunds." Beware! Many of these "fast refunds" are really LOANS, refund anticipation loans, with extremely high interest rates!
Last Review and Update: Jan 21, 2021