Refund Anticipation Loan Quiz

8. Most recipients of refund anticipation loans do not realize they are receiving a loan.

a. CORRECT!

True. A University of Georgia study found that, of consumers who had received a refund anticipation loan, 70 percent did not realize they had received a loan. This may be due to the fact that these loans are not explicitly called loans, rather they are called “rapid refunds” or “instant money”.