Comments on: The Fastest Way to Receive Your Economic Stimulus Refund Check http://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/ Personal Finance Blog, Your Guide to Financial Fitness Thu, 09 Feb 2012 19:29:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Donald G and Becky Lomaxhttp://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-6845 Donald G and Becky Lomax Fri, 25 Sep 2009 01:09:01 +0000 http://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-6845 We were told that we did not make enough money for any stimulus cks... I took copies of our tax returns to the Social Security Office...We are both on Medicare..They copied our returns and told us to be sure and notify the IRS..We asked the accountant to please do that...Nothing..Please help or advise..Thank you..Don Lomax We were told that we did not make enough money for any stimulus cks…

I took copies of our tax returns to the Social Security Office…We are both on Medicare..They copied our returns and told us to be sure and notify the IRS..We asked the accountant to please do that…Nothing..Please help or advise..Thank you..Don Lomax

]]> By: authorhttp://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5681 author Wed, 16 Apr 2008 01:22:18 +0000 http://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5681 Having your tax refund put on your H&R block card does not qualify as direct deposit. You had to have given the IRS your direct deposit information such as your checking account # and routing number and received your 2007 tax refund directly into your account for you to be eligible to receive the stimulus payment by direct deposit. Having your tax refund put on your H&R block card does not qualify as direct deposit. You had to have given the IRS your direct deposit information such as your checking account # and routing number and received your 2007 tax refund directly into your account for you to be eligible to receive the stimulus payment by direct deposit.

]]> By: Ivyhttp://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5680 Ivy Tue, 15 Apr 2008 20:07:29 +0000 http://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5680 What if i already filed my taxes? Is there anyway to add direct deposit to that in order to have my ES check sent there. I got my federal and state refund put on an H&R Block emerald Master Card...could the E check b put on there? What if i already filed my taxes? Is there anyway to add direct deposit to that in order to have my ES check sent there. I got my federal and state refund put on an H&R Block emerald Master Card…could the E check b put on there?

]]> By: Minimum Wagehttp://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5644 Minimum Wage Thu, 27 Mar 2008 13:45:07 +0000 http://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5644 Yes, I defaulted after four rent increases in four years without getting any wage increase, and had cut back year after year. Nobody has ever suggested that on a minimum wage income I had the capacity to make full payments. At the time, the student loan system had NO provision for borrowers who lacked sufficient income to make full payments. It was only after a lot of people - like me - defaulted that they developed a system which provides for lower affordable payments for low earners. For example, if I were in that program, I would have monthly payments under $10, which is a lot less than the $60 I am now paying. But under that program I'd have 25 years of payments and under my current payment of $60, will pay off the loans in 12 years. If $60 will pay off the loans faster but keep your loans in default, and $10 will take longer to pay but will get your loans out of default, that makes no sense. Shouldn't there be an option where a $60 monthly payment will get you out of default? Yes, I defaulted after four rent increases in four years without getting any wage increase, and had cut back year after year. Nobody has ever suggested that on a minimum wage income I had the capacity to make full payments.

At the time, the student loan system had NO provision for borrowers who lacked sufficient income to make full payments.

It was only after a lot of people – like me – defaulted that they developed a system which provides for lower affordable payments for low earners.

For example, if I were in that program, I would have monthly payments under $10, which is a lot less than the $60 I am now paying.

But under that program I’d have 25 years of payments and under my current payment of $60, will pay off the loans in 12 years.

If $60 will pay off the loans faster but keep your loans in default, and $10 will take longer to pay but will get your loans out of default, that makes no sense. Shouldn’t there be an option where a $60 monthly payment will get you out of default?

]]> By: Minimum Wagehttp://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5637 Minimum Wage Wed, 26 Mar 2008 02:55:05 +0000 http://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5637 Um, no. When you have a student loan in default, your tax refunds (and in this case the "rebate") is "offset" (that's what they call it. Instead of sending you the refund, they send it to the Dept of Ed which holds the loan. I'm paying $60 a month but that's not enough to get my loan out of default. Um, no. When you have a student loan in default, your tax refunds (and in this case the “rebate”) is “offset” (that’s what they call it. Instead of sending you the refund, they send it to the Dept of Ed which holds the loan.

I’m paying $60 a month but that’s not enough to get my loan out of default.

]]> By: authorhttp://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5633 author Wed, 26 Mar 2008 01:04:10 +0000 http://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5633 oh, maybe. But that's only if you've defaulted on the loan. oh, maybe. But that’s only if you’ve defaulted on the loan.

]]> By: Jacquelyn Hart-McCoyhttp://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5631 Jacquelyn Hart-McCoy Tue, 25 Mar 2008 15:37:14 +0000 http://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5631 My friend Amanda is having her wages garnished over student loans, is that what he/she could mean? My friend Amanda is having her wages garnished over student loans, is that what he/she could mean?

]]> By: authorhttp://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5630 author Tue, 25 Mar 2008 00:44:21 +0000 http://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5630 diverted? you mean you're going to use it for your student loans? I've never heard that they will take the money and put it towards your student loan unless you cash it and pay the loan yourself diverted? you mean you’re going to use it for your student loans? I’ve never heard that they will take the money and put it towards your student loan unless you cash it and pay the loan yourself

]]> By: Minimum Wagehttp://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5629 Minimum Wage Mon, 24 Mar 2008 21:00:46 +0000 http://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5629 What stupid nonsense. My "check" will be diverted toward my student loan, so I won't even get a check. So why do I have to "use" direct deposit (which they won't do either) to have them processed earlier? What stupid nonsense. My “check” will be diverted toward my student loan, so I won’t even get a check. So why do I have to “use” direct deposit (which they won’t do either) to have them processed earlier?

]]> By: MattChttp://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5628 MattC Mon, 24 Mar 2008 20:45:07 +0000 http://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5628 Reading the FAQ's on the IRS website, you should fill out the information (routing number, account number) even if you are not getting a refund so that they can do direct deposit. Reading the FAQ’s on the IRS website, you should fill out the information (routing number, account number) even if you are not getting a refund so that they can do direct deposit.

]]> By: Jacquelyn Hart-McCoyhttp://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5624 Jacquelyn Hart-McCoy Fri, 21 Mar 2008 16:27:13 +0000 http://www.moneycrashers.com/use-direct-deposit-for-your-tax-refund-to-receive-your-economic-stimulus-check-early/#comment-5624 If I owed taxes and had them take it directly from my bank account would I be getting the eariler dates or the later ones? I wonder... If I owed taxes and had them take it directly from my bank account would I be getting the eariler dates or the later ones? I wonder…

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