In today's credit crunch, subprime borrowers aren't the only ones getting squeezed. There's another group often associated with subprime borrowers. They're called the "underbanked."
They often don't have the credit history to get a loan, but that doesn't always make them a bad risk.
"Underbanked consumers have little or no traditional credit history with the three major credit reporting agencies," said Tom Brown, vice president of financial services solutions at LexisNexis, which provides risk-assessment tools and business information services to companies. "Subprime consumers generally have ample credit history that is derogatory."
