Meet some of the Boston residents who took advantage of free, asset building events during America Saves Week. Similar events are available year-round – click the links below to learn more! Name: Tiffany Event: Bank on Boston Experience: Tiffany, 19, had
A key wedge driving the gap between Boston’s affluent and low- and middle-income residents is credit. While good credit opens the door to low-cost loans, poor or no credit can make innumerable life transactions more expensive, from car loans to
Credit cards for “bad credit” offer access to credit for people who have low credit scores, usually FICO scores below 580 (Very Poor on the FICO credit score range). With Very Poor credit, it is often difficult to be approved
The Roxbury Center for Financial Empowerment (RCFE), located in Dudley Square in Roxbury, is accepting applications for a free workforce development training program that leads to jobs in the Hospitality field. The Bridge to Hospitality program is partnering with New
A study released today by the Mayor’s Office of Financial Empowerment (OFE) finds that the Financial Check-Up (FCU) – a light-touch, one-on-one credit review – can make a dramatic impact on residents’ financial well-being in a short amount of time. A randomized, controlled trial of hundreds of Boston taxpayers
Santander Bank and the Mayor’s Office of Financial Empowerment (OFE) have announced that the Boston-based bank is providing a $200,000 grant in support of OFE’s financial education and economic development work for City residents. The OFE will use the grant to
Too many adults fail to appreciate the value of good credit until they’ve suffered the consequences of poor or no credit: diminished opportunity for jobs or housing, exorbitant loan or interest rates, limited access to further credit. But could these
The Roxbury Center for Financial Empowerment (RCFE), located in Dudley Square in Roxbury, is accepting applications for a free workforce development training program that leads to jobs in the Hospitality field. Update – two classes have graduated in 2017
Before the Office of Financial Empowerment (OFE) begins preparing for the 2017 tax season, we wanted to share our 2016 results. In 2016, the OFE’s Boston Tax Help Coalition operated 37 free tax preparation sites throughout Boston. These sites opened
When they walk into Maria Chavez’s Boston Housing Authority (BHA) office, many public housing residents come fatigued by the challenges of poverty, stress, and the uphill battle to improve their situation. Maria embraces them – anyone who enters her office,