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Attorney General Urges Taxpayers to Avoid Refund Anticipation Loans

ILLINOIS ATTORNEY GENERAL LISA MADIGAN IS URGING TAXPAYERS TO AVOID REFUND ANTICIPATION LOANS.

 

EVERYONE WANTS THEIR RETURN BACK QUICKLY…BUT ATTORNEY GENERAL MADIGAN SAYS THESE KINDS OF LOANS ARE NOT THE ANSWER.

 

 

CURRENT LAW LIMITS THE AMOUNT OF INTEREST LENDERS CAN CHARGES AND REQUIRES THEM TO DISCLOSE ANY ASSOCIATED FEES. MADIGAN REMINDS IF YOU NEED HELP FILING YOUR TAXES, THE CENTER FOR ECONOMIC PROGRESS HAS SEVERAL SITES AROUND THE STATE OFFERING FREE ASSISTANCE. VISIT ECONOMIC PROGRESS DOT ORG TO FIND A SITE IN YOUR AREA.

 

IF YOU’RE IN A BIG HURRY TO GET YOUR TAX REFUND, ATTORNEY GENERAL MADIGAN ADVISES AGAINST THESE TYPES OF LOANS.

 

 

ILLINOIS LAW LIMITS HOW MUCH INTEREST REFUND ANTICIPATION LENDERS CAN CHARGE…BUT MADIGAN SAYS THE SAFEST WAY TO GET YOUR RETURN BACK QUICKLY IS TO FILE YOUR TAXES ELECTRONICALLY AND HAVE THE MONEY DIRECT DEPOSITED.

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