National Pain Report Responds to Financial Challenges People in Pain Face

National Pain Report Responds to Financial Challenges People in Pain Face

Content Sponsored by National Pain Report

Readers of National Pain Report regularly comment on the financial toll chronic pain brings to their lives and families. As a result, National Pain Report conducted a survey of its readers on their financial status.

In the National Pain Report survey of 840 adults, over 68% said chronic pain has “an enormous influence” on their economic situation.  Nearly 79% are unemployed and 63% are unable to secure credit.  Slightly over 34% have filed for bankruptcy.

National Pain Report turned to banking experts to ask about financial products that are best suited for people with significant credit and money problems. Extensive discussions with banking experts led National Pain Report to create the National Pain Report Fight the Pain Visa® Prepaid Debit Card.

“The most popular and suitable financial product for those who face the real credit and banking difficulties, like many of your readers face, is a prepaid debit card,” said Jim Shanahan, CEO of Prepaidian, Inc.

About 80% of readers said they would carry a prepaid debit card, particularly if it expressed something about their pain.

Survey respondents commented, “I am going to use it at my pharmacy,” and “I’d use it to talk about pain to others,” and “I would show it to my doctor so he knows how much pain is a part of my life.

“Visa prepaid debit cards require no credit check, can be used at any merchant that accepts Visa debit cards or any Plus® or Star® ATM worldwide, and usually cost less than low balance checking accounts,” Shanahan added.

“Our goals for National Pain Report are to not just to raise awareness about pain and its impact on individuals, families and society, our goals are to support our readers any way we can,” said Geoff Sims, Vice President of National Pain Report.

What is the National Pain Report Fight the Pain Visa Prepaid Debit Card?

  • A stand-alone Visa card account that can be used at any merchant or ATM worldwide that accepts Visa debit cards
  • FDIC insured and Visa Zero Liability Fraud Protection
  • No credit check is required, only verification of cardholder identify to comply with US bank regulations
  • Card must have funds available in order to be used—there is no credit line and no overdrafts or overdraft fees
  • Deposit funds by direct deposit, ACH, smartphone picture of check, credit card, debit card or cash at over 70,000 retailers
  • Web access through desktop, tablet or smartphone for account management including online statements
  • Text notification of deposits, purchases and balances
  • 24-hour, live operator customer service 365 days-a-year

“For people in chronic pain and on a tight budget, this product allows them to manage their very tight budgets, and shop safely online even if they have no credit,” Shanahan said.

“Pain has a tragic impact on people’s finances, and we spent nearly a year investigating ways we could help our readers. The National Pain Report Fight the Pain Visa Prepaid Debit Card will help our readers save money, track spending and safely make transactions online and without carrying cash offline,” Sims said.

National Pain Report is also investigating other products our readers say they want and need, and look forward to future communications about what those are and how they can help our readers. We welcome your ideas: info@NationalPainReport.com.

The National Pain Report Fight the Pain Visa Prepaid Debit Card is issued by MetaBank®, Member FDIC, pursuant to a license from Visa U.S.A. Inc.