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View Diary: Chase has taken their next move, into your paycheck (265 comments)

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  •  I work for the same company (1+ / 0-)
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    kurt

        and am always trying to educate my clients about how to use the card without a lot of fees. If you do it right it is cheaper to get your refund that way than having a big check that you (an unbanked person) have to pay big fees to cash. Also the idea of carrying around $5000 or whatever refund in cash is scary.

         The problem is that many people are financially illiterate and screw things up. A lot of people are desperate and living close to the edge, and screw ups have major consequences. Kudos to you for being a conscientious tax geek and trying to inform your clients on how to use the card effectively.

          At least we no longer have the refund anticipation loans; those always made me feel like a loan shark. The problem is that when you're poor quick money is a powerful draw. The season after we stopped having RALs was a challenge; it was helpful that we were able to explain that it was changes in IRS rules that caused their elimination.

    Diehard Swingnut, disgruntled Democrat, age 54, new CA-30

    by Zack from the SFV on Sun Jun 16, 2013 at 11:07:58 PM PDT

    [ Parent ]

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