Interest Rates

I can't believe this. It is reported in <a href="http://www.greatfallstribune.com/apps/pbcs.dll/article?AID=/20070315/NEWS01/703150303/1002">this story</a> that the interest rate for refund anticipation loans range from 85 percent at H&R Block to 170 percent at Jackson Hewitt. I've always said these loans were a mistake for people to make and this just proves it.<br />n<br />nI was wondering why Jackson Hewitt opened an office in Hardin, now I know why. To prey on the Native Americans from the Crow Reservation. I wonder if a little education would help this situation. Do people really understand the cost of these loans and how much the companies are making on them? Do they understand how with a little patience they will get a lot more money from the government? Maybe a little more long term thinking over short term wanting is necessary. Why is this so hard for people to see?<br />n<br />n<strong>Usury once in control will wreck the nation. William L. M. King</strong><br />n<br />n<br />n<br />