why is being unbanked a problem 
being unbanked can be undesirable for several reasons alternative financial services such as cash checking services and payday loans are much more costly what s more without a bank account people don t generate the data they need to establish creditworthiness as a result when it comes time to cover an emergency car repair or medical bill a payday loan may be their only option these extra costs significantly hurt families who are already struggling to make ends meet 