Placerville, California
50K views
Not resolved
139 comments

I recieved a letter with a plastic card included with information about the H&R Block Emerald Advance. Which, yes on approved credit, based on what your antisapated tax return will be, will loan you up to $1000.

I brought all the information and papers needed to my H&R Block agent. I was told to antisapate a return of $8,470.00. How ever my loan was denied within 2 seconds of my agent pressing the send button.

My agent said (I quote) "I'm sorry your loan wasn't approved. It's sad 80% of the loans aren't. I've only had one approved that I have done. People get their hopes up and well...you should get your w-2's soon."

80%!!!!

Why even bother to waste the paper and plastic cards with loans % like that!!!

Monetary Loss: $1000.

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KeyBobcat
#1635816

I also went into H&R Block for the Refund Advance loan. I always do my own taxes at home using one of the online services, but this year I have dire need of getting my refund as quickly as possible rather than waiting to the end of February just because I am getting the EIC as a portion of my refund.

It doesn't surprise me that they said 80% get denied: I was denied based on my "oldest trade line is unsatisfactory." My "oldest trade line" is my student loans, which have never been late or unpaid, and are over 10 years old. I am still not understanding why a company who is loaning against a tax refund - which they get paid back directly out of with no possibility of intervention by the taxpayer - even needs to check the customer's credit.

Anonymous
#1634371

Here is the thing I was told there were no credit check or anything to do with it an yes I got told it was because my credit so what the *** is going on with this bull say ome thing an find out something different its bull be *** honest with ur customers reguardless

Anonymous
#1607582

I've gotten the emerald advance the last 3 years and the 3000 advance last year. My credit is absolutely wrecked (something I'm working on)..

I didn't think I'd get the emearald advance this year but I was approved.

My theory on this is that I've done my taxes with them for 9 years and everytime I've been approved for the advance I always make a payment on it and then have the rest covered with my taxes. Because of my credit I honestly don't think credit plays VERY much into it....?

Anonymous
#1617125
@Britt567

Agreed

Anonymous
#1604496

The *** I was referring to was Matt M. It’s crazy to be so awful in a comment to someone that is just asking a valid question.

What do people do, they roam random cites to find questions that they feel “above” (I don’t know morally or something else I can’t name) and scrape the bottom of their brains for their best their downgrading remarks? I would really like to know the reason behind that immature behavior because I have never been a TROLL but it must make those people feel good or they wouldn’t waste their so very valuable time typing their garbage responses.

I mean good credit means you must be royalty or just better than most people right?! Matt?

Anonymous
#1604487

I also know I messed up royally when writing my last comment. Apparently i need to proof read more.

Anonymous
#1604486

If you “people” haven’t noticed you are all talking about two different loans! Also, the guy that was being such a *** didn’t even notice that he wasn’t even talking about the same loan!

There is an advance on your taxes and then is a credit line before that u apply for before or before you get ur w2s. There two different qualifications for them so not the same {{Redacted}}.

The loans are tax advance (need w2s) and emerald advance (do not need w2s). I believe from reading about the emerald advance ur credit is very important to qualify but it doesn’t seem to me that the to qualify for the tax advance loan u reallly don’t need to have a good credit score just a good record with getting your income taxes back on time (no audits) and without unforeseen deductions.

Anonymous
#1600482

I have great credit and was denied. I have been on the phone with Axos Bank and Experian all evening.

The reasons for denial were simply untrue. Too many inquiries-my experion report shows 4 in 2 years.

And accounts not in good standing- again report SHOWS three accounts open, never late. NO ONE, NO ONE, can explain my denial.

Anonymous
#1606737
@Melissa

i been looking all over for that Axos Bank number. Do you happen to still have it

Anonymous
#1598254

It’s your fault for having bad credit. I get the loan every year because I pay my bills on time. It helps!

Anonymous
#1598255
@Matt M

Job

Anonymous
#1631564
@Matt M

We got the loan every year each year our credit is better yet we got denied this year so your comment irrelevent

HeartyGoldenOriole235
#1638630
@Anonymous

Yes I totally agree it's a bunch of *** misleading people luring a man take your money all right

Anonymous
#1675796
@Matt M

Wow aren’t we a self righteous little *** I’m sure you have a whole list of things that you use to justify your narcissistic belief that you’re a supreme being, ever thought that people fall on hard times and struggle to get back on their feet? I mean maybe I’m completely wrong but I’m almost positive that no one wakes up and wants nothing more than to fall behind on bills and get hit with the consequences of falling behind.

But maybe I’m wrong and people may really enjoy life kicking them in the nuts while they’re down and we all should worship the ground that someone who thinks so highly of themselves, such as yourself, walks on. I’m sure mommy and daddy raised you to think you were a special snowflake and made you believe all those participation trophies were actually because you were the best when it actually was the opposite, but hey, they could never shatter that blind, pathetic narcissistic mentality that you latch on to because deep down you know you’re average at best.

Just because you’ve been lucky enough to have fallen behind because of things beyond your control or you’re just a little *** who mommy and daddy swooped in to save you from a bad situation does not make you better than anyone else. It’s pathetically weak, but in contrast, the person you took a cheap shot at to make yourself feel better because you’ve got a tiny *** is working to resolve the issue and rebuild after hardship is commendable, and once they fully recover should feel proud of.

Anonymous
#1675814
@Matt M

Wow aren’t we a self righteous little *** I’m sure you have a whole list of things that you use to justify your narcissistic belief that you’re a supreme being, ever thought that people fall on hard times and struggle to get back on their feet? I mean maybe I’m completely wrong but I’m almost positive that no one wakes up and wants nothing more than to fall behind on bills and get hit with the consequences of falling behind.

But maybe I’m wrong and people may really enjoy life kicking them in the nuts while they’re down and we all should worship the ground that someone who thinks so highly of themselves, such as yourself, walks on. I’m sure mommy and daddy raised you to think you were a special snowflake and made you believe all those participation trophies were actually because you were the best when it actually was the opposite, but hey, they could never shatter that blind, pathetic narcissistic mentality that you latch on to because deep down you know you’re average at best.

Just because you’ve been lucky enough to have fallen behind because of things beyond your control or you’re just a little *** who mommy and daddy swooped in to save you from a bad situation does not make you better than anyone else. It’s pathetically weak, but in contrast, the person you took a cheap shot at to make yourself feel better because you’ve got a tiny *** is working to resolve the issue and rebuild after hardship is commendable, and once they fully recover should feel proud of.

Anonymous
#1596847

There was NO monetary loss at all. You applied for a loan with a potential benefit of 1000 at the most but were not approved.

There was zero cost associated with applying for this product and no mark was made against your credit report for doing so.

You did not lose any money you just didnt gain any. Why make it into something it isn't?

Anonymous
#1597188
@Rene

I AGREE, LOL!

Anonymous
#1607579
@Rene

I actually saw this marked on my credit report as an inquiry.. so for me at least it was on my credit just for applying.. I was accepted for the loan however.

Anonymous
#1592216

You have to file with them on the tax year before to get the advance... it is a way that they make sure they get their money back.... it is unsucred loan

Anonymous
#1428778

I applied . Normally do my taxes myself.

But I was getting quite a bit more this year so I thought I would try for the advacne . Well I got the card and a couple hours later I was denied . I spent 366 dollars verses I could have file for free on the web. It's *** .

I could have gotten 3000 and that f&!@#* up bank would have gotten it back. It's like playing the lottery.

H & R Block should do more explaining and should check before they take a person's money. They are theifs.