Chicago, IL–(ENEWSPF)– As millions of Americans prepare to file their 2009 tax returns, Attorney General Lisa Madigan today warned Illinoisans about the high costs and fees associated with Refund Anticipation Loans (RAL). This type of loan provides tax filers at the time they file their returns with a cash advance based upon their expected tax refund instead of waiting for the actual refund to arrive from the government. Taxpayers may get their money sooner with one of these loans, but they pay a high price in return.
