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Unbanked

Founded in 1951, the National Foundation for Credit Counseling is the largest serving nonprofit financial counseling organization. Find various topics in this blog, including personal finance, credit counseling, housing, budgeting and student loan help. Click here to speak with an NFCC-certified Consumer Credit Counselor.

Life Without a Bank Account

Pros and Cons of Living Off the Financial Grid By Kimberly Rotter Millions of people in the U.S. live without a bank account. In the financial industry, they are called “unbanked” or  “underbanked.”  Unbanked consumers are those who live without any bank account at all, and underbanked consumers have limited access to traditional financial institutions. When we hear professionals in the financial industry talk about these people, it’s usually with …Read More