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Let me make it clear about Is RushCard truly the Problem?
A 28-year-old living in Lexington, North Carolina, tried to make a purchase with her RushCard on October 12, Vanessa Tackett. Tackett’s card had been declined, which she at that time caused by a systems update that RushCardвЂ”a pre-paid debit card that could be used to make payments, withdraw cash, and enjoy direct deposits, it isn’t connected to a normal banking account, and does not need a credit check or credit historyвЂ”had notified its users it might be doing.
“that they had sent a contact, possibly a week-and-a-half prior to, saying the cards would not be working between midnight and 8 a.m. Then they delivered a text message that saying the outage would last until noon,” Tackett says morning. “we attempted to utilize the card later that day, and it also did not work. Nonetheless they did not state such a thing concerning the cards still being smudged.”
2 days later on, Tackett, whom works time that is full Dollar General, knew that her paycheck, that will be direct-deposited onto her RushCard biweekly, had never appeared. After logging onto Twitter, Tackett noticed she wasn’t aloneвЂ”hundreds of several thousand RushCard users had been locked from their reports, not able to access any one of their funds. While RushCard claims the issue is mostly remedied, Tackett continues to have no use of her funds, making her one of the “handful of individuals” who RushCard admits are still experiencing accounts that are faulty.
The unbanked and underbanked are disproportionately low-income, young minorities.
The problems with RushCard, that has been created by hip-hop mogul Russell Simmons in 2003, have actually brought in to the spotlight the 25.4 million Americans described by the Federal Deposit Insurance Corporation as “unbanked” (7.7 per cent of households in the usa)вЂ”that is, lacking a checking or family savings. In addition, 67.5 million People in the us are “underbanked” (20 per cent of U.S. “Let me make it clear about Is RushCard truly the Problem?”の続きを読む