Refund anticipation loans are loans secured by taxpayers’ anticipated tax refund. RALs cost 50 to over 500% effective APR and are repaid in less than two weeks by deposit of tax refunds from the IRS.
Are you in debt because of short-term loans? Whether backed up by your paycheck, your car title or expected tax return, the results are the same: You end up paying too much to borrow a small amount of money, and usually at a time when your financial situation is the most desperate. Tell us your experience.We want to hear from you. Your willingness to share your stories helps us pass laws to protect you and your family.
Online, by mail, phone or fax... Agencies need to hear from you!