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Refundo in the Field

Adam Rust's picture

Posted January 29, 2015

I saw this sign across the street from Oxford Manor, a public housing community with 172 units in northern Durham County. 

This preparer is offering Refundo's tax advance loan product. 

Refundo Tax Advance

Because there is nothing free -- even a free tax advance -- I asked her much the tax preparation would cost. If I had a w-2 and I need an EIC, then how much can I expect to pay?"

Certainly, she is bearing some cost. Refundo charges a preparer $27 for its refund transfer bank product. 

"No," she said, "I'll have to put all your information in to the computer. Then I can tell you, but not until then." 

The advance was definitely her main selling point.

"We have $500," she said, "in less than 48 hours. The other guys have $200. So, you get more."