Latest Posts
Home > Debt Articles > H&R Block Gets Cut Off on Funding For Refund Anticipation Loans

H&R Block Gets Cut Off on Funding For Refund Anticipation Loans

Bob Lawless over at Credit Slips is reporting an interesting development that tosses a wrench in the gears for H&R Block and their continued promotion of Refund Anticipation Loans for people that believe they will get a tax refund.

Lawless said in his post:

I used to think of these firms as tax preparers with a high-priced lending product attached to them. Now, I wonder whether they have not become high-priced consumer lenders with a tax preparation service attached. – Source

The Wall Street Journal reported:

Analysts have estimated the elimination of the refund loans could lower H&R Block’s operating profitability by 10%, but that may be partly priced into the stock already. RAL-participation and related revenue made up just 3.8% of total revenue in fiscal 2010. The company prepared 20.1 million U.S. returns in fiscal year 2010, and 16.8% also purchased a RAL. – Source


Get Out of Debt Guy – Twitter, G+, Facebook

Need More Help?

Get Out of Debt Free Hotline
debt settlement helpstudent loan help

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.


I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.