Refund Anticipation Loans
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Before signing up for the RAL Make sure to ask for the?
-annual percentage rate of the loan -Maturity date of the loan -schedule of all charges and fees -charge for electronic filing
What are the refund anticipation loans?
A loan with carrying fees and high interest rates that you pay for
Who are the RaL Secured by?
The IRS (Internal Revenue Service)
Know that your refund with be smaller as the person provind the loan will take out fees
Your tax refund-fees and cost for instant/fast refunds=smaller refund
