what is the new thing going on at hr block this year with a refund now loan ? can i get some information?

Answer 1

This year, H&R Block is not offering a loan, but a line of credit. Gone are the interest rates people have been used to paying. You only pay for what you actually choose to use. Qualifications are:
You must have been an H&R Block client, in an office, online, or by e-filing with TaxCut, in the past two years.
You must have an anticipated 2007 refund of $1000 or greater.
You must have anticipated 2008 income of $10,000 or greater for the household.
You must be over the age of 18 and have unexpired state-issued photo ID.
There is no credit check.
If you do not meet these requirements, never fear! Make an appointment, and go in anyway. You'll have a breif visit, during which time you'll know your estimated refund, get some advice on how to pay fewer taxes, and an Emerald Card with $5 pre-loaded on it. You'll also get information on how this line of credit can be extended to a year-round credit line. H&R Block has done this in an attempt to help people get away from expensive emergency debt, such as payday and title lending.
No, it's not free, but the fees and interest are way less than I paid the one time I got a payday loan. I intend to go get my own line of credit on Monday. Need to get the car fixed.

Answer 2

The H&R Block loan is an unsecured line of credit similar to applying for a credit card. The criteria is based not only on your credit score but also if you have received and successfully paid back these type of loan products in the past. In fact unless you were a customer of H&R Block last year or in 2006 you will not be eligible. The loan is up to $1000 but unless your Bill Gates you probably will only get approved for $500. They will also charge you a $45 fee so your funds available will be reduced by the fee. Then you pay daily interest at 36% APR for any used credit and by the way the money is disbursed on a debit card called the emerald card that charges you another $2 at the ATM. Please try not to do these loans they are worse than payday advances. Also you can only withdraw up to $400 in a single day.

Answer 3

A line of credit, maximum $500, for people who were their customers within the past 2 years. CallH&R Block, they can give you the full info. Be aware that these are very high interest loans.