Q:

How can you find out if you are eligible for the Jackson Hewitt "Money Now" loan?

A:

Quick Answer

According to the Jackson Hewitt website, the company no longer offers the "Money Now" loans. Instead, it offers its customers a JH Preferred Prepaid Visa Card, in which the refund can be directly loaded once it is processed by the taxing authorities.

Know More

Full Answer

In 2007, Jackson Hewitt entered into a settlement with customers who had obtained a "Money Now" loan or other forms of fast cash advance loans, explains the Office of the Attorney General of the State of California Department of Justice. It was found that Jackson Hewitt took advantage of its lower working-class families and charged outrageous interest fees instead of advising clients it would only be a couple of weeks before they could receive their tax refunds at no cost.

Learn more about Personal Loans

Related Questions

  • Q:

    How can I get a loan if I am unemployed?

    A:

    To secure a loan while unemployed, search online for lenders that specialize in high-risk loans and have programs that do not require employment information on their applications. These applications can be completed in minutes. Be prepared to provide your address, Social Security number and bank account information.

    Full Answer >
    Filed Under:
  • Q:

    What is a secured loan?

    A:

    A secured loan is a loan that is leveraged by some sort of collateral, according to Wells Fargo. For example, a personal loan might be secured by using a vehicle as collateral when applying for a loan; the lender places a lien on the vehicle until the loan is paid off and can seize the car and sell it should the borrower default on the loan.

    Full Answer >
    Filed Under:
  • Q:

    How old do you have to be to get a loan?

    A:

    In order to get a loan, an individual must be at least 18. According to CarsDirect, teens under age 18 remain minors, and legal contracts they sign are not binding.

    Full Answer >
    Filed Under:
  • Q:

    How do you discharge a loan?

    A:

    A personal loan may be discharged by filing for bankruptcy or under special conditions defined by a lender, according to Bankrate. Personal loans are usually classified as unsecured debts and are usually discharged when the borrower files for bankruptcy under Chapter 7 or Chapter 13, the Houston Chronicle reports.

    Full Answer >
    Filed Under:

Explore