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There's no such thing as an instant tax refund did you know -- I did know I'm learning it IC without hurdles all the time so I'm wondering why a Tracy's gonna tell me.
Why there is no such thing as an instant tax refund when I was getting set to go ahead and file from Republicans you weren't.
Sucker and fell for the appetite that's -- out of it and I unfortunately and you're not the only one outcome on.
You're not the only one -- -- New Jersey a division -- consumer affairs is actually coming down on five different companies for these refund anticipation loans up there alone -- But they're not an instant tax refund which means as alone there are -- big interest rates anywhere from 36 to 500%.
And then this -- -- so many people.
Are -- work and they're desperate for money you gonna see a lot of these people trying to get it -- a star on their refund.
-- my when you -- -- without you get your refund back in ten days each week ten days because that ramifications of using these loans.
Are so so so expensive to your bottom line so what did -- -- -- consumer affairs is coming down on is the advertising of it.
Don't say it's an instant refund don't say you're gonna get your tax refund back tomorrow that is incorrect you're getting -- loan.
I'm your refund which will be reimbursing them of course with the intent to -- but you intern will pay fees and interest rates as high as 500% so well.
Where and when you see -- sighs don't you know this -- -- Have fun because you go there and say -- yours in return would have been a thousand dollars they're only gonna give you a loan of 700 dollars or whatever the case to be so at that point don't you know we'll wait a minute this doesn't seem right to me.
They do but.
New Jersey in particular saying they're not telling you enough they're not being transparent enough about the fees and they're coming down on people -- -- much less than they anticipated I was -- -- -- with all the changes in the late changes in the tax -- the bush tax cut extension getting approved late in the year what is -- realistic -- to expect your tax -- Ten days iris is saying absolutely the same electronically file you'll get in ten days.
And you know starting Valentine's Day.
Even itemize deducted people taking deductions can file -- tax returns because we reported here first that there was.
A halt to it and that you're gonna have to wait if you weren't itemize or.
You can file on Valentine's Day -- -- that's a uniter and talk about all he's doing your behalf.
All want to tell me I cannot cannot -- that it's a rights.
Thanks Tracy let him let's is Bridget Valentine's Day called Chris cutter that he -- -- he rightly so anything.
-- -- All right catch of the day on the menu is technology ruining the case for kids.
And my favorite Forbes list find out if you live -- America's most miserable cities it's next on spots business.
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