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Financial Education
Beware Of Tax Refund Loans
Scott Reeves, 02.13.06, 6:00 AM ET

NEW YORK - How much would you pay to borrow your own money?

The smart consumer will shout, "Zero! Zilch! Nada!" but millions of
Americans pay a stiff fee just to grab their federal tax refund a few days
early with a "refund anticipation loan."

"The people who can least afford it sign up for these loans," says Gail
Cunningham, vice president of ...   more »

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Feb. 11, 2006
(AP)

Quote
"No matter who does your tax return, it's still your responsibility."
Sheila Adkins, Council of Better Business Bureaus

(Christian Science Monitor) This article was written by Randy Dotinga.

Elizabeth Atkinson, a tax attorney in Norfolk, Va., thinks it's a little odd
that the laws in her state require nothing of tax preparers. They don't need
to own a calculator, let alone a license.

By contrast, Virginia makes sure hairstylists know what ...   more »