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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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Real  28K 80K
Windows
Media
28K 80K
 
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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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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.
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