Beware of Refund Anticipation Loans (RAL)

First published at 14:12 UTC on January 12th, 2022.

The Refund Anticipation Loan (RAL) is a popular financial product to get taxpayers immediate cash for their refunds, but it comes at a high cost.

RALs can charge effective rates upwards of 600% to unsuspecting taxpayers. Be careful!

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CategoryBusiness & Finance
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