2007-01-16 03:33:23 · 2 answers · asked by loan shy 1 in Business & Finance ➔ Taxes ➔ United States
Be cautious when you get a loan against your tax return. There are places out there that will fleece you. Ask for illustrations on the interest charges. Read the Truth in Lending statement and if you don't think you want to do the loan, refuse it.
The interest charges vary greatly. The charges depend on the amount of your refund and how you receive your money. One major tax preparation firm is now charging 36% interest if you take your refund on a debit card. This is annual interest. If you are only borrowing for two weeks, it comes out to 1.5% of your refund. This is the best deal I am aware of. Call around and ask.
2007-01-16 04:55:24 · answer #1 · answered by ninasgramma 7 · 0⤊ 0⤋
Your first born child.
2007-01-17 17:06:34 · answer #2 · answered by growing inside 5 · 0⤊ 0⤋