Nov 28
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Loading ...Would you pay money to lend yourself your own money? No? Well if you wouldn’t do so, why would you take an Refund Anticipation Loan?
It probably seems easy at first: sing a paper and walk out with a check against your coming refund. Yes but no! Your tax RAL will cost you much more than you can imagine. As an example, H&R Block’s RAL cost is about $230 for a $3000 refund. And you get that refund on a Emerald Card with 36% APR!
Such loan makes no sense. You are way better filing with e-file and getting the refund deposited directly into your bank account. It only takes about a week after the e-filing to receive your funds.
Tags: e-file | filing | hr block | taxes | ral
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March 14th, 2008 at 2:59 am
useful info