Taking advantage of H&R Block’s Instant Money service, they walked out of the office with hundreds of dollars on a pre-paid debit card from HSBC. Even after clearing the matter, we were unable to file our legitimate taxes electronically last year and had to endure months of harassing phone calls from HSBC. There is also the matter of the high percentage rates — on an annualized basis — that creditors charge to take on the task of waiting for Uncle Sam to clear the tab. H&R Block’s stock took a mere 5% hit, but those shares have been battered badly enough to hit a fresh five-year low on the news. However, Jackson Hewitt’s statement, issued after last night’s close, addressed only the fact that IRS will spend the next three months accepting opinions on the matter before finalizing its decision for next year. Longtime Fool contributor Rick Munarriz had no problem with refund anticipation loans until they were used as a fraudulent tool against him. Read More