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Rapid Refund is the process by which a taxpayer can receive an anticipated tax refund as a loan from a tax preparation company instead of waiting for one from the IRS. Also known as a "Refund Anticipation Loan," rapid refund often carries a high interest rate and additional fees.
Source:
ConsumerLaw.org: Refund Anticipation Loans
Rebuild.org: Rapid Refund Personal Loans aren't the Best Deal
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