Checking Accounts for Bad Credit

Have you ever heard of Russell Simmons? His list of accomplishments is mind-boggling, to say the least. He is the co-founder of Def-Jam and the third richest man in the hip-hop music industry. His older brother is Run of Run-DMC. (If you don't know who they are, ask your parents.)

So, what does Russell Simmons have to do with checking accounts for those with bad credit? It might make your head spin. Russell was aware that people denied a checking account were also being denied the means to manage their money in a safe location and were losing the ability to leverage electronic methods of money management - ATM access, debit card transactions, credit transactions, online bill payment.

As more and more companies, businesses and services have expanded their ability to take plastic as a form of payment, a large section of the United States population was finding it increasingly more challenging to get access to those services.

Regardless of the fact that he has enough money to do what the rest of us can only dream of, he worked with a financial institution to create the first reloadable Visa debit card. Not surprisingly, the RushCard is the trendiest looking reloadable credit card I have ever seen.

Trendy is one thing but how does the card compare to others? To put it succinctly, this is a reloadable credit card on a mission.

Right on their website, they have a tab labeled "RESPECT". I've never seen a financial services website that cared enough about their customers to include a whole section on making sure they treat customers with respect. That is incredibly powerful.

Russell knew the unfairness of not being able to use services the rest of the country took for granted every single day. It didn't make sense. If folks were collecting a paycheck or income of some kind, why couldn't they use that money in the form of plastic? Denying them that one advantage alone meant that if you didn't have a checking account and your credit was shot, you could no longer buy anything online without using something like PayPal. Not every website takes PayPal. Should someone lose full access to use their own money to buy something online just because they had a checking account problem in the past? NO.

The RushCard takes care of all of that. It's a no-check checking account, really. If you think about it, checks are old and becoming extinct anyway. But online bill payment and online account management - those are valuable personal finance tools. Time saving tools, even. The RushCard takes care of that, too.

Applying for a RushCard is simple and easy. You can do so online. All they need are a few pieces of information from you to confirm your identity. This will also include your social security number but only because the government requires that they collect that information.

There is no credit check and no ChexSystems check. Remember, this is not about what you had happen to you in the past. This is about how you manage your money in the future. With RESPECT.