year?I only had to take my check stub in and got a 500.00 loan.I live in wisconsin
2007-08-21 02:23:14 · 8 answers · asked by sassy 1 3 in Business & Finance ➔ Taxes ➔ United States
At the present time both the banks that provided those loans have discontinued them. The larger franchise systems still have contracts with those banks for their other loan programs and are unlikely to find any bank willing to do the prefile loans.
2007-08-21 04:06:53 · answer #1 · answered by ? 6 · 0⤊ 0⤋
I'm sure they are ...
everywhere those are still legal.
That's because their interest rates were fairly high, so you'll want to check those before borrowing.
And watch the fees ... if the real period of the loan is for only a few weeks [as seems likely], even a $20 fee on a 500 loan is [example uses six weeks], 35% effective annual interest -- and you ADD the stated interest rate to that.
oh.
2007-08-21 02:31:37 · answer #2 · answered by Spock (rhp) 7 · 0⤊ 1⤋
What a concept.
Take out a loan with interest on your own money that you have over paid to the gov't ( your refund) !
That sounds smart huh?
The IRS should be paying interest with the refund.
We really do need the Fair Tax Act to fix all this nonsense.
2007-08-22 05:40:15 · answer #3 · answered by Anonymous · 1⤊ 0⤋
No, those loans have been discontinued by the bank offering them (HSBC and others). The big prep firms will not be offering those pre-filing loans in late 2007/early 2008.
2007-08-21 02:30:56 · answer #4 · answered by ninasgramma 7 · 1⤊ 0⤋
i have a girl who's mom works for a tax place and she says that they are not doing that in Michigan because they lost their butts last year so i wouldn't think that they would do it state to state but ya never know good luck love and if you need some extra cash i got a nice business for ya go to www.beautipage.com/jodispas we are running a $99 special to get involved and you gotta due a day of beautU but it is worth it for this product and once you get involved all you have to do is make a purchase every couple of months and you get to keep your discount even if you don't decide to continue selling Have a great day
2007-08-21 03:00:15 · answer #5 · answered by val28516 2 · 0⤊ 1⤋
Why don't you just change your W-4 to have less withheld in the first place? The way you're doing it, you are lending the government your money at no interest, then paying high fees and interest to borrow back that same money through H&R Block.
2007-08-21 04:31:44 · answer #6 · answered by Judy 7 · 2⤊ 1⤋
Probably, but is it really worth it when you can just wait for your refund and not have to pay someone an astronomical interest rate to get your own money?
2007-08-21 02:30:26 · answer #7 · answered by Mi Atheist Girl 4 · 0⤊ 0⤋
It wasn't "around now". It started in November.
2007-08-21 02:31:01 · answer #8 · answered by Wayne Z 7 · 1⤊ 1⤋