Susan Tompor: Tax reimbursement loans suggest fast money for several

Susan Tompor: Tax reimbursement loans suggest fast money for several

It is gonna be difficult to start the television, drive past an income tax planning storefront or head into a Wal-Mart early into this taxation period and never be deluged with pitches for fast-cash, refund-related loans at zero %.

H&R Block, Jackson Hewitt yet others are fighting for share of the market and attempting to freeze customers who might otherwise look to an on-line competitor, like TurboTax. The strategy is to heavily market money that is easy for a finite time — typically through February — to struggling income tax filers whom gain benefit from the earned income tax credit however now face added delays for very early reimbursement cash.

Customers whom might get refunds of $4,000 or maybe more due to the earned tax credit now are told never to expect reimbursement money until Feb. 27, 2-3 weeks later on than typical.

Specialists state very early filers nevertheless should register in January and February, like typical, as waiting might drag the process out much more.