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Article: California Reinvestment Coalition Advises That Consumers Beware!!! Tax Refund Anticipation Loans (RALs) May Cost More Than You Think.
- Article from:
- PR Newswire
- Article date:
- January 20, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO, Jan. 20 /PRNewswire/ -- The following release is being issued by California Reinvestment Coalition:
Thinking about getting cash back by filing with a tax preparing company like H&R Block or Hewitt Jackson? Look carefully, as you might really be getting an expensive loan, rather than your actual tax refund! If you -- or a family member or friend -- receive a refund immediately (or even within a week), you're probably receiving a Refund Anticipation Loan (RAL). RALs are not "Fast Cash Refunds" or "Express Money." They are expensive short-term loans.
Recognized tax preparers, such as H&R Block and Jackson Hewitt target working families ...