People who do not have bank accounts. Also called the "underbanked," such individuals rely on non-bank check cashing, payday lending, money order, and money transfer services for their financial transactions.
LendProtect has been collecting and analysing data on this segment for many years and we felt it was time to share the knowledge we've been able to mine from our database of millions of records related to underbanked consumers.
SAN FRANCISCO -- When it comes to paying bills, too often the nation's 37 million underbanked American's do it using hard and costly ways: in cash, and in person, bill pay by mail, or by phoning call centers.
ATLANTA -- FactorTrust, the leading provider of underbanked consumer data, analytics and risk scoring solutions on those underserved by traditional banking channels, today announced the launch of LocateLogic, a skip-tracing solution designed to help lenders and third parties in debt collections locate more debtors, more efficiently.