Loans Costing Arkansans

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Loans Costing Arkansans

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Tuesday, Nov 3, 2009 @10:39am CST

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A new report said that tax refund loans are costing Arkansans big bucks.

The group, Arkansas Advocates for Children and Families' report said that people in the Natural State spend roughly $100 million a year on fees associated with loans taken out against pending tax refunds.

The report also said that Arkansans lose up to $110 million a year by not claiming earned income credits on their taxes.

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