Question

a loan or arrangement for a person to get money from his expected tax refund is usually
○ offered free of charge from the irs based on a persons tax refund.
○ illegal if the repayment term is more than 20 years.
○ expensive and should be avoided since the irs refund check arrives soon after the return is filed.
○ sent to a persons credit card company and reduces unpaid balances.

Explanation:

These are tax refund advance loans, which are offered by private companies (not the IRS for free) with high fees. IRS refunds typically arrive within a few weeks of filing, making these costly loans unnecessary. There is no 20-year repayment term rule for them, and they do not automatically go to credit card companies.

Answer:

expensive and should be avoided since the IRS refund check arrives soon after the return is filed.