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Steer Clear of Cash Advance Payday Loan Centers
Borrowing money from Cash Advance Payday Loan Centers is considered to be one of the biggest financial mistakes, according to financial gurus such as Suze Orman and Clark Howard.
Here is an example taken from Check into Cash’s FAQ’s:
$100 payday advance with a $15 fee = 391% APR
To put this into perspective, the worst credit card APR’s are usually about 10 times less!
Income Tax Refund Anticipation Check or Loan
Beware of Income Tax Refund Anticipation Checks or Loans.
Convenience comes with a price.
For example, the fine print of H&R Block’s Instant Money Refund Anticipation Loan reads: “Fees may apply”.
H&R Block’s State Refund Anticipation Check’s (RACs) fine print states: “State RACs are available in most states for $13″ and “Fees and additional terms and conditions apply.”
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