With no checking or family savings, getting financing will be so much more difficult, and you will be stuck with riskier choices.
Then you understand the added financial stress of living without a checking or savings account if you live in one of the nine million unbanked households in the U.S. You need to bring your paycheck to a check-cashing shop in order to get the money—plus whatever charges they choose to charge; you need to pay all of your bills in money through the mail or perhaps in individual, which can be a real method larger hassle than doing them online.Continue reading