Why is H&R Block not doing Rapid Refunds this year

Posted in the Prestonsburg Forum

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Mello

Williamson, WV

#1 Jan 11, 2011
I stopped by today to check on filing taxes and was told they would not do rapid refunds this year. Whats up with that?
Jenn

Winchester, KY

#2 Jan 11, 2011
You can thank Obama for that one. He has put a kink in the system to hold back your, my and everyone elses refund this year. Maybe til March. Thank the Tards that voted him in for me, will ya?
Mythbuster

Brunswick, OH

#3 Jan 11, 2011
Jenn wrote:
Thank the Tards that voted him in for me, will ya?
Thanks Tards.
James

Evarts, KY

#4 Jan 11, 2011
I will translate for mythbuster again. The Wall Street Journal reported that H & R Block lost the bank financing which it used to write these checks to you. Go get your taxes done somewhere else that has a rapid refund if you need the cash.
LMAO

Guston, KY

#5 Jan 11, 2011
James wrote:
I will translate for mythbuster again. The Wall Street Journal reported that H & R Block lost the bank financing which it used to write these checks to you. Go get your taxes done somewhere else that has a rapid refund if you need the cash.
This is true, HSBC Bank was ordered by the treasury dept because of the Banking Reform bill that they could not do these loans second party without credit reports.
James

Evarts, KY

#6 Jan 11, 2011
LMAO wrote:
<quoted text> This is true, HSBC Bank was ordered by the treasury dept because of the Banking Reform bill that they could not do these loans second party without credit reports.
Thank you for the acknowledgment, however, please note that I was only translating for mythbuster and cannot personnaly take credit. He is the only person in East Ky that knows about these things.
Employee

Harold, KY

#7 Jan 12, 2011
H&R Block will not be doing rapid same day refunds UNLESS you apply for a loan this is decided on nothing but HR Block Bank, Employees of HR Block has nothing to do with rather u get approved or not. EVEN if we have done your taxes for years there is NOTHING we can do to help get you approved it is decided on your credit score, if you have been a loyal customer to H&R Block items such as that. For those of you who get thousands on a same day check in years past and doesn't have good credit..you will have to wait 8-15 business days..say Thank You to Obama will ya!
The Smart One

Lexington, KY

#8 Jan 12, 2011
It has nothing to do with Obama it is HSBC bank morons. Why would anyone want a RAL in the first place with the interest that is charged? Oh I know you must need pills and it is not the first of the month.
Jenn

Georgetown, KY

#9 Jan 12, 2011
Not all of us are pillheads dumba$$! First of the monthers don't pay taxes, they get our money from our taxes! Some of us can read the news and watch CNN and MSNBC. I guess you voted for the moron and think he is doing a great job, right?
Wimpy

Richmond, KY

#10 Jan 12, 2011
Other tax offices are still offering Rapid Refunds. So go somewhere else.
ricky

Stuttgart, AR

#12 Jan 18, 2011
h&r block will go belly up after this year,youll see.they lie to keep you with them,there is no h&rblock bank loan,its a scam to keep all the people from going to another prep service.shame on you h&r block.
correct

Logan, WV

#13 Jan 18, 2011
Jenn wrote:
You can thank Obama for that one. He has put a kink in the system to hold back your, my and everyone elses refund this year. Maybe til March. Thank the Tards that voted him in for me, will ya?
You are exactly right, I read about it in USA Today. They want to steal our money for a few extra weeks and draw interest. Can't fault tax prepaires, they know it may be july before those that are entitled to refunds receive their money - their own money that the government has been using all year and paying no interest on funds.
Wimpy

Williamson, WV

#14 Jan 19, 2011
No, Federal Regulators would not allow HSBC to do Refund Anticipation loans for H&R Block. But H&R Block is still misleading people with their advertising. Block is the primary reason that the industry is under attack. They charge outrageous fees for their services and take advantage of desperate taxpayers.
ladyjazzj

Scottsdale, AZ

#15 Jan 26, 2011
The Smart One wrote:
It has nothing to do with Obama it is HSBC bank morons. Why would anyone want a RAL in the first place with the interest that is charged? Oh I know you must need pills and it is not the first of the month.
Finally some one who does not base their opinions on hearsay. Unfortunatly the rapid refund program was orignally set up for individuals who do not understand the interest that was being charged for these loans. Instead of blaming Obama you should thank him. The average percent charged on an rapid refund loan was in upwards of 300%. On average the consumer was losing $350 on their refund. Now can you figure out how much money HSBC was making off of your money.
Mr Me2

Augusta, ME

#16 Jan 28, 2011
Hey people I voted for Obama and you know what to me this has nothing to do with him. When I get my taxes I always want the money now. But since I could not get rapid refund I actually got a few HUNDRED more if I just wait. So if you are one of the A## Cracks that have something bad to say about him, check your payout, dont you think its more. Isn't that what it's all about. Count your blessings and shut up.
lies

Somerset, KY

#17 Jan 28, 2011
well its really shitty that h&r block didnt tell there customers!!
new mexico grandma

Beckley, WV

#18 Jan 28, 2011
of course you all blame obama once again!! it seems that everything that goes wrong is blamed on him! excuse me but do you not remember the mess the government was in BEFORE he took office? anyway, he has nothing to do with people having bad credit and owing school loans, child support or are being sued for money owed. this is why there isnt a rapid refund this year. get your facts straight before throwing obama under the bus!
curious

United States

#19 Jan 28, 2011
Wow does everyone really get this worked up online talking with total strangers?!?...relax....lol
Rhonda

El Monte, CA

#20 Jan 28, 2011
Ummmm I went to jackson hewitt and I got my money today so it has nothing to do with obama but hrblock. Lmfao I'm a moron. Taxes are only held back for certain people because the system is being updated for whatever was passed into effect... And there are folks who receive social services and get refunds so they pay taxes north like you when they work
SO RIGHT

Pikeville, KY

#21 Jan 29, 2011
Wimpy wrote:
No, Federal Regulators would not allow HSBC to do Refund Anticipation loans for H&R Block. But H&R Block is still misleading people with their advertising. Block is the primary reason that the industry is under attack. They charge outrageous fees for their services and take advantage of desperate taxpayers.
I see that you keep up on the news, i believe it was called price gougeing for the people that received the earned income credit. i was wondering when they would get caught.

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