Definition
Many people will use a tax refund anticipation loan without even knowing what these types of online payday loans are and how these loans work.
This is a loan that occurs when a person goes to have their income taxes prepared and have their completed tax return submitted. Once it is submitted there is a lender that will issue a loan in the amount of the refund that the person is getting back from the government. Once the person receives the tax refund it is used to repay the loan t...