I can't believe this. It is reported in this story that the interest rate for refund anticipation loans range from 85 percent at H&R Block to 170 percent at Jackson Hewitt. I've always said these loans were a mistake for people to make and this just proves it.
I was wondering why Jackson Hewitt opened an office in Hardin, now I know why. To prey on the Native Americans from the Crow Reservation. I wonder if a little education would help this situation. Do people really understand the cost of these loans and how much the companies are making on them? Do they understand how with a little patience they will get a lot more money from the government? Maybe a little more long term thinking over short term wanting is necessary. Why is this so hard for people to see?
Usury once in control will wreck the nation. William L. M. King
Saturday, March 17. 2007
Interest Rates
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