Report: Tax loans slam residents
Saturday, May 5th, 2007Probe cites high interest rates, fees
A state investigation determined about 500,000 North Carolinians spend more than $44 million a year on high-interest loans in anticipation of federal tax refunds.
The report out Friday found that 86 percent of so-called refund anticipation loans went to low-income borrowers in 2004, and that interest rates on some loans have […]
