am and they denied me my loan
2006-11-24 04:23:26 · 5 answers · asked by chyskyjj2001 1 in Business & Finance ➔ Other - Business & Finance
If you are in the financial position to need a pre-return loan your return is not too complicated to do it yourself save h&r's fee for yourself
2006-11-24 04:57:57 · answer #1 · answered by Mike M. 5 · 0⤊ 0⤋
H&R Blocks "loans" and "instant refunds" are a huge ripoff.
With electronic filing you get your return within 10 days anyway, why pay 20% "fees" to H&R, silly if you ask me.
Go find a trusted family friend and ask for a loan. Sign a paper stating you will pay them back with your taxes and with 5% for interest.
This will save you a ton, protect the person loaning you the money and makes much more financial sense than a refund ripoff loan.
Good luck
2006-11-24 12:33:04 · answer #2 · answered by Gem 7 · 1⤊ 0⤋
It's because you were eligible for the tax service to try to get you a loan. But they have to outsource to another bank, and it's the bank that gives everyone problems. I worked there last tax season, and it was really frustrating, because even if our tax pros got everything worked out on their end, the bank would turn around and deny the loan on the other end. Believe me it was a headache for everyone. But when you get your W2s, try using the Tax Cut software online, it's made by H&R. They are pretty good.
2006-11-24 12:27:14 · answer #3 · answered by Someone who cares 4 · 2⤊ 0⤋
They mean that you are eligible to apply for the loan. I'm certain (without reading the fine print) that loan approval is based on your credit profile.
2006-11-24 12:25:31 · answer #4 · answered by trigam41 4 · 2⤊ 0⤋
Go to a private accountant. All H&R does is give you an advance on your refund for a large percentage and then has your refund sent to H&R . File electronic with direct deposit. will get it back fast and keep 100% of it.
2006-11-24 12:26:19 · answer #5 · answered by bubbles_grandpa 3 · 1⤊ 0⤋