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Personal Finance > Taxes
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Fast tax refund loans
graphic February 1, 2002: 11:29 a.m. ET

Before you commit to a tax refund loan, check out the risk involved.
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NEW YORK (CNN/Money) - With tax season fast approaching, you need to be aware of something known as the fast tax refund loan.

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The fast tax refund loan is an easy solution if you are in a need of fast cash and are waiting for your tax refund check. But the load could end up hurting you more than helping you. Tax refund loans are very expensive, with astronomical interest rates ranging anywhere from 67 percent to 774 percent.

CNNfn's Valerie Morris has more on fast tax refund loans. graphic




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