What is a Refund Anticipation Loan (RAL)?
A Refund Anticipation Loan is a high-interest short-term loan secured by a taxpayer’s expected tax refund. A taxpayer commonly applies for the loan through a tax preparation firm. The taxpayer receives an amount up to the refund amount less the loan fee, tax preparation, and other fees. The proceeds of [...]
Filed under: Uncategorized | Tagged: Refund Anticipation Loans, Tax Return Loans | 1 Comment »
