News and information from University of Missouri Extension, highlighting consumer tips, lawn and garden, health and nutrition, home life, family economics, and families and relationships. This blog is mobile device friendly.
Paying to Borrow Your Own Money - Refund Anticipation Loans
Photo by John Nettleship
For families who are trying to make ends meet, their annual tax refund is something they count on and need. Many will turn to "refund anticipation loans" to get their money faster. The problem is families with limited resources are paying a high price for these loans, just to get their money a few days earlier.