The nation’s big tax-preparation companies are so desperate for customers that they are willing to put money upfront – with absolutely no hidden fees or interest charges, and no ironclad guarantees that the companies will be paid back. H&R Block, for one, has arranged a $1.65 billion funding line for its refund advances, giving pause to some of the Wall Street analysts who follow the company.
The nation’s big tax-preparation companies are so desperate for customers that they are willing to put money upfront – with absolutely no hidden fees or interest charges, and no ironclad guarantees that the companies will be paid back. H&R Block, for one, has arranged a $1.65 billion funding line for its refund advances, giving pause to some of the Wall Street analysts who follow the company. Patrick Tehan San Jose Mercury News file
The nation’s big tax-preparation companies are so desperate for customers that they are willing to put money upfront – with absolutely no hidden fees or interest charges, and no ironclad guarantees that the companies will be paid back. H&R Block, for one, has arranged a $1.65 billion funding line for its refund advances, giving pause to some of the Wall Street analysts who follow the company. Patrick Tehan San Jose Mercury News file

Tax chains try sweeter pitch: No-fee loans

January 22, 2017 06:10 AM