Jackson Hewitt Tax Service (all of them nationwide) advertised for tax payers to come in and get an early loan (before Christmas) on pay check stub. When people came in they might be eligible for a small loan, perhaps 300.00 or so and loan fees were taken out of this loan. The fradulent part if that Jackson Hewitt had these people thinking they had to come back to them to have their income taxes prepared and nothing is further from the truth. This was just a loan based on a credit report like any bank, or like any loan obtained from any other source. The taxpayer is then (they think) locked in to paying the extremely high prices in preparer fees to get the rest of their refund; when, in fact this loan has nothing to do with their income tax return. Jackson Hewitt got in bed with Santa Barbara Bank in Santa Barbara, California to perpetrate this fraud on mostly low income earners who are paying all these fees with earned income credit money given to them by the treasury department. Taxpayers that do not qualify for earned income credit
foot the bill for this madness.
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