Some subprime buyers, especially ones doing business with Buy Here Pay Here dealers, might not even have a bank account, which Federal Deposit Insurance Corp. says is on the rise. According to FDIC’s 2011 survey, 821,000 more U.S. households have become unbanked since the first survey in 2009, representing a 0.6 percentage point increase. More than four US households – 28.3% — are either unbanked or underbanked.
