2007-11-14 03:16:18 · 5 answers · asked by blindsky75 1 in Business & Finance ➔ Taxes ➔ United States
HSBC bank, who previously funded these loans, has backed out of doing them due to people not repaying these loans. H&R Block opened their own bank last year so they are able to offer a similar product for their clients only. You must have had H&R Block prepare your tax return in 2005 or 2006. The line of credit is for $500 and there is a charge for it. And the interest rates are not above the federal maximum. It starts around December 10th. Check your local office for details.
2007-11-14 14:49:49 · answer #1 · answered by Fool in the Rain 6 · 0⤊ 0⤋
I have gotten a mailing from HandR Block and they will be offering a program that starts on November 19, 2007. I have heard it is a different program from last years but the basics is the same you can get a loan based on your income tax return. I would suggest calling HandR Block for specifics. I do know that Jackson Hewett is not offering any program this year.
2007-11-14 05:31:46 · answer #2 · answered by shadow_lion 2 · 0⤊ 0⤋
No more holiday loans. The earliest you can file is mid January when the IRS opene e-file. At that time you can get a RAL- 24 hour check, but no sooner.
2007-11-14 03:34:08 · answer #3 · answered by rob b 3 · 0⤊ 0⤋
No, the banks that offered it suffered heavy losses due to extreme fraud. Must have been a lot of fraud with the loanshark interest rates they charged!
2007-11-14 03:21:35 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 1⤋
No that program has been abandoned by the banks that previously supported it.
2007-11-14 03:20:28 · answer #5 · answered by ? 6 · 0⤊ 1⤋