Several thousand Financially Vulnerable Individuals Making Use Of Russell Simmons’s Rushcard Simply Got Screwed

Several thousand Financially Vulnerable Individuals Making Use Of Russell Simmons’s Rushcard Simply Got Screwed

Around 68 million People in the us are unbanked or underbanked —either living without a banking account, or depending on “alternative,” predatory banking institutions like cash advance shops, check cashers, and payroll that is prepaid. One item in the final category, the Russell Simmons-founded Rushcard—which places individuals in a labyrinth of jacked-up deal charges when it comes to privilege of having their paycheck two days early—froze a huge number of its users from their records the other day, leaving them stranded and moneyless during an absurdly protracted amount of the organization hoping to get their system right right back up after exactly exactly what they’re calling a botched “ technology transition .”

One user called Nicole Blackshear told HipHopDX:

“There are a large number of us which were locked away from our reports, can’t access accounts, money is lacking, direct deposits not posted. They keep lying to their Facebook web page that the operational system is right right straight back up, also it’s not. You stay on hold for hours and then the line just hangs up on you when you call. I’ve perhaps maybe not gotten my deposit that is direct and cash that I had in there already isn’t available. Make an effort to swipe the card at a shop or ATM and it also declines. Attempted to log in on the internet also it claims my card is deactivated. On us suffering if you go to Facebook and go to RushCard’s or Russell Simmons’ page you will see that there are a million. Individuals are being evicted, can’t get be effective simply because they can’t get gasoline. Folks are requiring milk and pampers for his or her kids. Read more…