I was thinking about doing the Money Now Loan at Jackson Hewwitt. Did anyone do this and if so how much did you get?
2007-01-23 07:00:29 · 3 answers · asked by chloerochelle102887 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
I work there, they charge too much.
The money now loan will not give you all of your refund. The maximum is $1900. When you apply for the Money now loan (1hour), you are also applying for the RAL (24hour) loan to pay the balance of your refund. Each loan has about $200 worth of fees, + the tax prep fee which starts at $125 for most returns + Interest.
Most people with a $5000 return end up getting about $4200 after all of the charges.
All of the major tax companies use the same bank, so the fees and procedures are the same.
2007-01-23 15:16:24 · answer #1 · answered by Smart1 3 · 0⤊ 0⤋
those are like predatory lending companies..the interest they charge is ridiculous...file online with direct deposit as the option to receive yoyr refund
2007-01-23 15:44:16 · answer #2 · answered by charmel5496 6 · 1⤊ 0⤋
that's a really bad idea. rip-off.
2007-01-23 15:04:33 · answer #3 · answered by Anonymous · 1⤊ 0⤋