Q:

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

A:

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.

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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.

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