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URL:  http://boards.fool.com/in-reading-the-previous-posts-i-was-reminded-of-12232757.aspx

Subject:  Re: On the subject of Refund Anticipation Loans Date:  3/19/2000  8:48 AM
Author:  hghcpa Number:  32107 of 121144

In reading the previous posts, I was reminded of how upset I get at a system whereby the "innocent" consumer is taken for a gawdawful amount of annualized interest when they receive a Refund Anticipation Loan. IMHO, it's usurious. I educate my new clients to this fact everytime ask for this service. I tell them I don't offer the service, and that they are way better off without it.
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I agree 1000 percent. The RAL system makes about as much sense as the fuel which feeds the raging fire to begin with --

The EIC = welfare at its truest form.


Pete
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