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What are Tax Refund Anticipation Loans?

April 26, 2017anticipation loan Loans refund tax

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What are Tax Refund Anticipation Loans?

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Tax refund anticipation loans are credit based loans provided by a particular bank (depending on the company you choose to have file yoru taxes.) These loans will generally provide you with a check within 24 to 48 hours after your return has been filed, giving you almost immediate access to the refund. The loans are then paid back with the actual refund you would have received from the IRS. Sounds great, right? Well, maybe.