Comments on: Question about the Instant Money Advance Loan from H&R Block? http://www.quickmoneyloan.org/300-instant-loan/question-about-the-instant-money-advance-loan-from-hr-block/ Tips and Info On Quick money loan. Sun, 20 May 2012 05:47:08 +0000 http://wordpress.org/?v=abc By: madiver http://www.quickmoneyloan.org/300-instant-loan/question-about-the-instant-money-advance-loan-from-hr-block/#comment-3608 madiver Tue, 23 Dec 2008 05:23:13 +0000 http://www.quickmoneyloan.org/question-about-the-instant-money-advance-loan-from-hr-block/#comment-3608 I could not tell you about the loan. I do suggest that you look at the fees behind the loan, the interest, and the fees for tax preparation. Add everything up. This could really take a good chunk out of your return. Make sure that it will be worth the cost. I could not tell you about the loan. I do suggest that you look at the fees behind the loan, the interest, and the fees for tax preparation. Add everything up. This could really take a good chunk out of your return. Make sure that it will be worth the cost.

]]> By: JQT http://www.quickmoneyloan.org/300-instant-loan/question-about-the-instant-money-advance-loan-from-hr-block/#comment-3607 JQT Mon, 22 Dec 2008 11:17:34 +0000 http://www.quickmoneyloan.org/question-about-the-instant-money-advance-loan-from-hr-block/#comment-3607 If you don't need the money immediately, don't take out this loan. The APR for this advance loan is greater than 36%, and not to mention it is another inquiry on your credit report and therefore lower your credit score. However, if you must have the money now. Go back to get the return done as soon as you get your W2. So that you will accumulate additional interest on the outstanding loan. When you go to an H&R Block office, they will first estimate how much money you'll receive on your tax return then help you apply for the loan. Most people receive only a loan that is a fraction of their return. For example, if your estimated return is $3800 you might only get approval for $1900. They will take away about $45 in finance charge and $30 in processing fee (if you choose to get a pre-load MasterCard, the processing fee is waived). Once you get your actual return done, they will take $1900 to pay back the loan, their tax preparation fee and other fees if you choose to get the money before IRS send you the money. As I said, if you could wait try not to get the loan, RAC, RAL or IRAL. File the return after you get your W-2 and wait 2-3 weeks for IRS to direct deposit the money into your account. Best wishes. If you don’t need the money immediately, don’t take out this loan. The APR for this advance loan is greater than 36%, and not to mention it is another inquiry on your credit report and therefore lower your credit score.

However, if you must have the money now. Go back to get the return done as soon as you get your W2. So that you will accumulate additional interest on the outstanding loan.

When you go to an H&R Block office, they will first estimate how much money you’ll receive on your tax return then help you apply for the loan. Most people receive only a loan that is a fraction of their return.

For example, if your estimated return is $3800 you might only get approval for $1900. They will take away about $45 in finance charge and $30 in processing fee (if you choose to get a pre-load MasterCard, the processing fee is waived).

Once you get your actual return done, they will take $1900 to pay back the loan, their tax preparation fee and other fees if you choose to get the money before IRS send you the money.

As I said, if you could wait try not to get the loan, RAC, RAL or IRAL. File the return after you get your W-2 and wait 2-3 weeks for IRS to direct deposit the money into your account.

Best wishes.

]]> By: nrsldy04 http://www.quickmoneyloan.org/300-instant-loan/question-about-the-instant-money-advance-loan-from-hr-block/#comment-3606 nrsldy04 Sat, 20 Dec 2008 03:26:10 +0000 http://www.quickmoneyloan.org/question-about-the-instant-money-advance-loan-from-hr-block/#comment-3606 no. what happens is they estimate, using your last pay stub of the year, how much you will get as a federal refund when you do file. based on that they give you a loan through the same bank that does the RAL. if the loan is for, say 2500, the fees are taken from that so you may only get a check for about 2390 or something. then, when you get your w2(this is the nice part)you can either file through them or efile or file the paper way. then, you pay back the 2500 loan. you keep the difference. again, they do not file your taxes now, they just use the pay stub as a guidance to know you will be able to afford to pay them back once you get your taxes. you have until feb. 19th to pay them back. no. what happens is they estimate, using your last pay stub of the year, how much you will get as a federal refund when you do file. based on that they give you a loan through the same bank that does the RAL. if the loan is for, say 2500, the fees are taken from that so you may only get a check for about 2390 or something. then, when you get your w2(this is the nice part)you can either file through them or efile or file the paper way. then, you pay back the 2500 loan. you keep the difference. again, they do not file your taxes now, they just use the pay stub as a guidance to know you will be able to afford to pay them back once you get your taxes. you have until feb. 19th to pay them back.

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