OK. Show of hands: Who used a Rapid Refund to get your tax refund back faster?
Why?
A "Rapid Refund" is not your tax refund at all. It is a high interest loan on a short term basis. It's tempting to want to get all you can as quickly as possible, but unless you are having an emergency situation, I recommend going through the normal channels to receive the refund.
You'll pay exorbitant fees to get your refund in your hands. Fees you could use in your own budget instead of lining the pockets of both the lender and the tax preparer. These are worse than payday loans in that they prey on people's desire to get fast cash.
To me, it's pure insanity to pay those high interest rates and fees. If you get your returns in early enough and e-file, you'll get the money in your account in a reasonable amount of time anyway. Couldn't you use that extra money yourself?
