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Thursday, January 18, 2007


Payday Loan Advocate

A tax is a financial charge imposed on an individual or a legal entity by a state or a functional equivalent of a state. These taxes are very important because it is use as a leading financial budget in a certain country. The government to carry out many functions has used the funds that came from tax. Some of the expenditures on war, the enforcement of law, protection of property, economic works like building of roads, bridge and others. Most modern governments also use taxes to fund welfare and public services.

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Carl Denton

Can a refusal or a policy of no refund be legal.
if it is not legal then can I get back my money for windows vista
for goods not being satisfactory.


Actually, I did not demonize the RAL industry. In any event, I believe that the folks at NCLC and CFA have evidence to suggest that many "buyers" of RALs are not fully informed of the costs and risks of RALs and come to regret their purchases. NCLC and CFA are harnessing evidence to suggest that people think long and hard before they purchase RALs. In other words, they are seeking to counteract the pressure from a self-interested industry that tries to sell as much of the product as possible. Nothing wrong with a little competition of ideas, right? Members of the public are still free to choose to buy RALs.

Joe Banker

Interesting news on RALs. The ranting by the NCLC and CFA would have you believe one taxpayer paid $1 billion for one RAL. Some should look differently at RALs and say 20 million cash constrained American Taxpayers got their refund amount a quicker with a RAL or tax time bank product to help pay off their payday lenders early, or payoff Holiday time credit that cost more, or high heating bills, or home repairs that couldn't wait rather than using a higher priced cash advance on their CC if they have one. A Ral simply cost between 3 & 6% of the amount requested. "One time" fee. Reg Z however calls for an APR to be posted. The APR that posts reflects as if the loan was being paid every 11 days for the year (or 33 times). But the "fee" isn't paid "33" times...only once. Ms. Wu of the CFA has said numerous times it is better for these people to wait. Evidence she might not have walked a mile ever in a RAL customer's shoes. Neither CFA, NCLC, the IRS or you have offered to lend money to people in need at a cost of 3 to 6%. Instead you all would prefer to deamonize RALs and tax preparers. That's fine (for you). But it doesn't help the person who needs the money.

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