The True Cost of Tax Refund Loans

The True Cost of Tax Refund Loans

May 11, 2012

During tax season, many people need help preparing their taxes. Some of these tax preparation services also offer ways to receive your refund faster via RALs and RACs. RALs, or Refund Anticipation Loans, are short-term, high-risk, high-cost loans, usually 1-2 weeks in duration. These loans are secured by your tax refund and include costly fees […]