Has anyone ever received a holiday loan through jackson hewitt or h&r block? How do they do it? credit check or by your income? not sure
2006-10-04 12:27:00 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
The holiday loan is based on an estimate of your refund using your last pay stubs to calculate the amount. The do a history check of all of the companies that due these tax loans. If you have ever failed to repay a loan of any kind to any of them you will be denied. The interest is very high and the fees are fairly high although they rebate some of those fees when you get your taxes done with them. If you have any other options you should avoid this type of loan.
2006-10-04 18:23:42 · answer #1 · answered by ? 6 · 1⤊ 0⤋
I'm sure that this is going to be a loan against your tax return that you expect to receive in 2007. There will be HUGE fees associated with this and I'm sure that the interest rate will be to high.
Basically, don't do it.
2006-10-04 12:32:55 · answer #2 · answered by Steve 6 · 0⤊ 0⤋
you want a real holiday, dont spend money you haven't got and you will have a holiday from huge fees and interest charges
2006-10-04 12:36:27 · answer #3 · answered by capollar 4 · 0⤊ 0⤋