The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: On the subject of Refund Anticipation Loans||Date: 3/19/2000 8:48 AM|
|Author: hghcpa||Number: 32107 of 121185|
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.
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.
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