unbanked

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unbanked

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.
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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.
Oklahoma has among the highest percentage of unbanked and underbanked households in the US, according to a survey carried out by the Federal Deposit Insurance Corp.
There are obviously many answers to this question, but a few of the reasons people are underbanked include:
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.
Bureau of the Census conducted the National Survey of Unbanked and Underbanked Households in June 2011 as a supplement to its Current Population Survey.
6 per cent) of all households in the United States are unbanked or underbanked and that those households are disproportionately low-income and/or minority.
Arkansas' unbanked and underbanked population statistics were more in line with the rest of the South in the FDIC's report.
As the underbanked market has grown to $78 billion annually, so has the need for lenders to evaluate growth opportunities within this segment.
Browse in-depth TOC on Wooing the underbanked - Need, Behavior and Attitude Analysis market.
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.
The underbanked consumer financial services market is estimated at 78 billion[sup.
DALLAS, May 6, 2010 /PRNewswire/ -- The unbanked and the underbanked together spend around $10.