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<H3>Refunds</H3>

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A refund is a form of payment that you get back from an entity. It is generally something offered to consumers when they aren’t happy with a product that they have purchased. Many businesses offer it in order to encourage customers to move forward with the purchase. No one wants to see their hard earned money go down the drain and this is a way to prevent it from happening.

You do have to be very careful with refund policies though as they are all different. Many of them have a time line associated with them. For example you can only get a refund if you return the item within 30 days of the purchase. There may not be any refund offered on sale items so look into this as well.

One of the most frustrating things is that many retailers won’t give you a cash refund any more. If you bring something back they will issue you a store credit. This means you can get something else in the store that is up to that value. Even if you have a receipt showing you bought it they may do this. Yet many consumers are unhappy with this process because it dictates where you will be spending your money. If it is a retailer you often spend money at though it shouldn’t be any big deal.

Other types of refunds come from lenders you have done business with. You may have paid off your loan early and so they are sending you a refund check. This is due to you know owing as much as you initially though you did. It is always nice to get these types of unexpected refunds in the mail.

Tax time comes around each year and some people really look forward to it. There is a large percentage of people out there that will get a refund check. They may get from both from the state in which they live and from the Federal government. This money can be used to pay bills, buy a car, or even take a vacation. It depends on what the amount of their refund will be and what their financial situation happens to be.

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