Taxes preparations services want your business and they do lots of things to get it. They advertise, or stand by the road and flag you down, and nearly all offer Rapid Refund/Anticipation Loans. Anticipation or Rapid Refund loans are short term loans secured by your anticipated tax refund check. Most consumer advocates hate Rapid Refund /Anticipation loans.

Why? When you use these loan services you paid much more than you should to get your own money. A tax refund is money own to you by the IRS for over payment of your tax liabilities. Some of these rapid loan services charge up to triple digit rates.

Many consumers of these rapid loan services insist on having their money now. However, if you e-fileyour money could reach you in a week. Why paid these tax preparation companies more money?

• Do you use Rapid Refund/Anticipation Loans?  
• Do you think Rapid Refund/Anticipation Loans are a rip-off?

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