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What is a typical interest rate for a refund anticipation loan?
Wiki User
∙ 10y ago
The typical interest rate for a refund anticipation loan, RAL can vary widely and consumers should understand all the cost with this type of loan. RALs often carry extremely high interest rates, which do not include other fees such as electronic filling, application, and check cashing fees. With all that, taxpayers can end up spending more than 10% of their refund, just to receive their income tax refund sooner.
Wiki User
∙ 10y ago
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How do you fill out for the IADVANCE loan threw Jackson hewitt?
You should seriously check the interest rate they are charging you. Tax refund anticipation loans are a notorious rip off.
How much is a Jackson hewitt refund anticipation loan?
please tell me....i may need one for the holiday's
You had your tax refund direct deposit to your rush card will your stimulus payment be direct deposit too?
Only if you didn't have a refund anticipation loan or had any fees deducted from your refund. If either was the case, you'd be getting a check instead.
What are typical interest rates for a first home loan?
A typical interest rate for someone taking out a first home loan will average between 5 and 6 %. The actual rate will depend on the terms of the loan and the competitiveness of the lender.
H and R Block ral loans?
A refund anticipation loan the borrowing of some of your possible expected refund amount before the IRS accepts your income tax refund as you filed it. For a short period of time and it is very costly to you to get the funds in this way.
What is required to qualify for a refund anticipation loan?
nothing
How do you fill out for the IADVANCE loan threw Jackson hewitt?
You should seriously check the interest rate they are charging you. Tax refund anticipation loans are a notorious rip off.
How much is a Jackson hewitt refund anticipation loan?
please tell me....i may need one for the holiday's
Can you get a ral when you owe the IRS?
Of course not...an RAL is a loan taken secured by your refund (refund anticipation loan = RAL). No refund, no loan. The places that do RALs are such rip offs, they'll find some other way to rip you off though. If you read the terms and conditions of a RAL, you have to certify that you do not owe money to the IRS. If the IRS keeps your refund, you will end up having to pay back the RAL at an incredibly high interest rate...probably higher than the IRS charges!
We used H and R Block in 2006 and will be using them in 2008 so can I get an anticipation loan now?
Assuming that you have a refund coming, yes, you should be able to get an anticipation loan when doing your taxes in December of 2007 for the 2007 tax year.
How do I find out if you owe the bank for the Refund Anticipation Loan?
If it isn't your refund anticipation loan, then you can't find out that information. A RAL is money borrowed from a lender according to the refund you're expecting to receive. This is a loan between you and the lender, and it's considered a contract. Therefore, you can only find out about your RAL, not someone else's. If your tax return has incomplete or inaccurate information that results in a smaller refund than the amount advanced to you through the RAL, then the tax preparation business that filed your RAL for you usually has that information.
How can one receive tax refund anticipation loans?
Several companies offer tax refund anticipation loans and many are available online. Instant Tax Service, ETax Loan, and H&R Block are just a few of the companies that offer these services.
Can you get refund anticipation loan if you have a chapter 7 bankruptcy?
If you are in a C. 7 or within 6 months after the close of your case, any tax refund is property of the bankruptcy estate and must be turned over to the trustee. You may not get a loan against an asset (tax refund) without the court's permission.
You had your tax refund direct deposit to your rush card will your stimulus payment be direct deposit too?
Only if you didn't have a refund anticipation loan or had any fees deducted from your refund. If either was the case, you'd be getting a check instead.
How can I receive a fast tax refund without a refund anticipation loan?
The best way to get a fast refund is to file your claim as soon as you can get your W-2s back from your employer and get the direct deposit from the government that way you dont have to wait on a refund check to be processed and come in the mail.
What are typical interest rates for a first home loan?
A typical interest rate for someone taking out a first home loan will average between 5 and 6 %. The actual rate will depend on the terms of the loan and the competitiveness of the lender.
How can I get my tax refund back fast?
There's a couple ways you can get your tax refund back fast. You can go to a professional tax service that offers "refund anticipation loan." If you don't want to do that, you, you can offer direct deposit when you file so IRS can just electronically deposit your refund.
