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Why Tax Refund Anticipation Loans Are Detrimental To Credit

What exactly is a Tax Refund Anticipation Loan? A reimbursement expectation loan (RAL) is a short-term loan that’s granted by a third-party loan provider predicated on a taxpayer’s expected reimbursement for the 12 months. The financial institution provides you with an advance your money can buy that you’re expected to get from your own taxation reimbursement without having any interest...

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