fast refund loan checks..are they worth the price?

I know that i will receive at least 4000.00 as I have for the past 4-5 yearsbetween 4-6 thousand..my accountant usually does mine..but i’m in dire need of some fast cash now. I heard on Good Morn. Amer. to watch out for those places that give you loan check up to 1500.00, because they payback rate…I think i heard 500.oo, is it just weighing the need for money against what it would cost…more or less a personal decision?…but I’m scared they won’t be aware of all the deducts. and credits, and my total refund wouldn’t be as large as if my acc. did it, can’t wait til April or May, or whenever gov. will send refunds. Help me decide…


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4 Responses to “fast refund loan checks..are they worth the price?”

  • kapn:

    No…the intrest is too high…if you need the $$$ that bad try a note from a credit union…

  • nealeinmi:

    It’s a good idea if you really (I mean really) need the money now. Otherwise just have the $$$ directly deposited into your bank account, it will only take 1-2 weeks.

  • last time I try:

    If you don’t have really complicated taxes, like stock off sets and multiple real estate holdings, I would recommend H&R BlocksTax Cut software I’v used to for a few years now It’s VERY easy to use and if you file electronically you will get your rebate in less than a week in most cases. The cost to file electronicaly is I think around 20 bucks

  • FRANK R:

    I do income taxes. If the tax is filed electronically, then the refund is direct deposited in 7 -10 days. The loan for advance on the refund is usually at a very high interest rate.

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