The Truth About Rapid Refunds: Refund Anticipation Loans May Not be Worth the Risk
Refund Anticipation Loans or “RAL’s” were originally marketed as “rapid refunds”, with the goal of expediting the receipt of income tax refunds for tax filers. What many filers believed was a refund was actually a loan made directly to the taxpayer by the tax preparer, with the refund being “assigned” to the tax preparer. The […]
WHAT YOU SHOULD KNOW BEFORE YOU EVER COSIGN A LOAN
Our firm routinely meets with prospective clients who have encountered financial trouble after “cosigning” or “guaranteeing” a loan for a family member or friend that went into default. Many times they misunderstood the extent of their liability at the time that the loan was executed, or assumed that the lender would only pursue them for […]
TO CONSOLIDATE OR NOT TO CONSOLIDATE
Fortunately Hamlet did not have to ponder the consequences of mounting unsecured debt, coupled with the prospect of limited income with which to maintain those debt obligations. However, many homeowners are faced with this issue, and may consider using untapped equity in their house to obtain a consolidation loan to pay off those debts. A […]