Which of the following is not true regarding a tax refund loan?
A)It is an inexpensive way to borrow money.
B)It lets you get an advance on a tax refund.
C)APRs as high as 774 percent have been reported.
D)An alternative to these loans is to ask for more time to pay a bill.
E)A cash advance on your credit card may cost less.

Question

Quizplus · Accepted Answer

Tax refund loans can be quite expensive and are not considered an inexpensive way to borrow money. They often come with high fees and interest rates, making them a costly option compared to other forms of borrowing.

Which of the Following Is Not True Regarding a Tax