The word unbanked is an umbrella term used to describe diverse groups of individuals who do not use banks or credit unions for their financial transactions. They have neither a checking nor savings account.

Sometimes even called a thin file, this vast segment of the U.S. Population is obtaining credit without even knowing it.  Unfortunately the banks might be clueless as well.  IJR News looks at “How can I get credit with no credit?” This rising public interest consumer advocacy blog is unravelling this previously vacated market.  The “pay up fron credit card” system has been the source of the underbanked market for years and this same group has never had a late payment yet, shouldn’t that deserve something? Let us be your tour guide to see the full story.