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MONEY FI : XTHE ISSUE: CASH FLOW

Mar 04, 2019 - Newsday (New York)

Some people filed their 2018 taxes as soon as they got their W2s. Then they head to the mailbox every day, hoping this is the day their refund check arrives.

Other folks though, choose not to wait and instead get a refund anticipation loan, or RAL, a loan based on what they expect to receive from Uncle Sam that is repaid when they get their refund. Is an RAL a lifesaver? "Taking short-term loans against tax refunds is not the most prudent practice. The short-term costs can be quite high...