Comments on: Consumers Lose Millions To Tax Refund Operations http://www.tfgi.com/201002/consumers-lose-millions-to-tax-refund-operations/ Debt Consolidation, Help and Relief Fri, 22 Jul 2011 14:31:38 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: D.D. http://www.tfgi.com/201002/consumers-lose-millions-to-tax-refund-operations/comment-page-1/#comment-5178 D.D. Wed, 24 Feb 2010 03:22:35 +0000 http://www.tfgi.com/?p=889#comment-5178 With 8.4 million of these sold, there is obviously a market for the product. Companies target "poor" people because they are the ones that need this - they don't have much in savings, have bills, many don't even have bank accounts and anyone would pay an extra hundred to get thousands of found money (EIC) now. So offering the product isn't wrong - the problems are all the unethical ways some companies do it - large interest rates, don't position it as a loan, and have hidden or "administrative" fees. Plus there are companies like car dealers, rentacenters, check cashing places doing it for "free" just to get the RAL fee who can't even do the tax return correctly. That is the crime. Just because you are financially secure, don't judge those that need this or prevent them from doing it, just make it easy and cheap for them to get it. With 8.4 million of these sold, there is obviously a market for the product. Companies target “poor” people because they are the ones that need this – they don’t have much in savings, have bills, many don’t even have bank accounts and anyone would pay an extra hundred to get thousands of found money (EIC) now. So offering the product isn’t wrong – the problems are all the unethical ways some companies do it – large interest rates, don’t position it as a loan, and have hidden or “administrative” fees. Plus there are companies like car dealers, rentacenters, check cashing places doing it for “free” just to get the RAL fee who can’t even do the tax return correctly. That is the crime. Just because you are financially secure, don’t judge those that need this or prevent them from doing it, just make it easy and cheap for them to get it.

]]>