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#4. Personal Loans: Good Interest Rates on Same-Day Personal Loans

#4. Personal Loans: Good Interest Rates on Same-Day Personal Loans

  • Convenient Loan Disbursement and Repayment

If you receive loan offers from a lender, you will have the option to study it before deciding whether or not to accept it. In most situations, your funds can be placed straight into your bank account in as little as one working day via electronic fund transfer.

Loan repayment is just as simple. When the due date arrives, your lender can simply withdraw money electronically from the same account into which your funds were originally placed. If your loan period ends and you do not have enough money in your account to repay the loan, contact the lender ahead of time to ask for an extension. Many lenders may grant extensions so people do not have to worry about their credit being harmed as a result of non-payment.

  • Safety and Security

CashUSA takes pleasure in offering customers a quick, easy, secure, and dependable loan process. They are committed to safeguarding the privacy of people seeking assistance, and those who apply for loans online may rest assured that their personal information will be kept private at all times. Overall, personal loans are available from a variety of lenders, and CashUSA may assist you in finding one. Continue reading #4. Personal Loans: Good Interest Rates on Same-Day Personal Loans

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RAL consumers in 2010 paid different prices, depending on the RAL lender and tax preparer

RAL consumers in 2010 paid different prices, depending on the RAL lender and tax preparer

Historically we have used approval rates of 90% and 85% to estimate the number of RALs made in relationship to the number of applications. However, Liberty Tax Service stated that its approval rate was much lower in 2010, at 55%. For 2010, we therefore assumed that H&R Block (with a market share of 68%) had an approval rate of 85%, and the rest of the industry had an inspect site approval rate of 55%, for an overall approval rate of about 75%.

The following table shows the trends in RALs since 2000, using a 25% rejection rate for 2010, a 15% rejection rate for 2007 to 2009 and 10% for years earlier. To give a better indicator of RAL trends, it also includes RAL applications in addition to total RALs made. Note that even a rejected RAL costs the taxpayer a fee, because the taxpayer is automatically given a refund anticipation check (RAC) at a cost of about $30 to $35.

Part of the dramatic drop in RAL volume in 2010 was caused by the departure of Santa Barbara Bank & Trust (SBBT) from the RAL market. After SBBT’s departure, both Liberty Tax and Jackson Hewitt were able to reach an agreement with Republic Bank & Trust to offer Republic RALs. However, SBBT’s departure left Jackson Hewitt without RALs in about half of its offices.

A typical RAL in 2010 from one of the RAL lenders was around $3,700. H&R Block charged $ for a RAL of $3,700. H&R Block had about 3.4 million RAL customers in 2010.

This compares to an estimated $606 million in RAL fees in 2009 and the high of $1.24 billion in RAL loan fees in 2004. This estimate is much lower than the 2009 estimate because of reduced loan volume, as well as the fact that Republic and JPMorgan Chase both followed Block’s lead in reducing RAL prices.

Republic Bank & Trust charged $58

This $338 million estimate for 2010 does not include the added fees paid for loan products that provide a RAL on the same day that the taxpayer’s return is prepared. Continue reading RAL consumers in 2010 paid different prices, depending on the RAL lender and tax preparer