Watch Out for Tax Refund Loans
February 8, 2008
Consumers who are eager to get their tax refunds back as quickly as possible may be tempted to use what are called refund anticipation loans. These are also known as RAL’s. In essence, these short term loans let consumers borrow against the refund amount that they expect to receive from the IRS. But these loans are not free. In fact, they can be very expensive.
Will Tax Rebates Work?
February 7, 2008
The issue: Congress is hoping the stimulus package will jump start the economy with consumers using the money to buy goods. The problem: Most consumers do not plan to spend the money of goods.
Credit Cards: When is More Better?
February 1, 2008
Is it financially good to have several credit cards? How many are too many?