When you get an instant tax refund you are borrowing your own money plus you could be paying a very high interest rate of 36%. For example one company charges an account fee, a same day fee, and an interest fee all for your tax refund.

If you need your tax refund fast your are better off filing an e-file , opt for direct deposit, I t will cost you less and you should receive your refund within 10 days.

While you are viewing this information feel free to ask me about a loan, not for your tax refund but for a mortgage.