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Santa Fe, NM – Today, Attorney General Hector Balderas is warning New Mexicans about the high cost of tax Refund Anticipation Loans (RALs). Patience is not only a virtue, it can also save you money. In the hustle and bustle of tax season, consumers, no doubt, have seen the barrage of tax preparers promising “instant refunds.” What they don’t see are the true cost of those “instant refunds,” which really are no more than short term loans at a very high interest rate, secured by the guarantee of your hard-earned tax refund check. 

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