as you described, you are going to pay for it. absolutely. it s a very, very bad thing, i think. let s talk about an example so we can explain what s happening here. say you get a $2,000 refund. you may pay a fee of $75 for a loan fee. $75 for administrative fee and $100 for a tax preparation fee. a total fee of 250 bucks. you have $1750 i m feeling good. you pay the apr of 300%. that s the annual percentage rate. it s the best way to judge a loan if looking at a credit card or car note. the annual percentage rate is the best. the loans are very, very dangerous. they are staggering figures there. i presume this is presented to the person before they sign on the dotted line? it is presented to them.