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 Office of Financial Empowerment launched an innovated Youth Credit Building program earlier this year, aimed to help Boston’s youngest working professionals learn about and improve their FICO scores while saving so as to achieve lasting lifetime savings and improve
Sponsored by Citi Community Development and Mayor Walsh’s Office of Financial Empowerment, a new program and research study is being launched to help Boston’s young working adults establish and maintain strong credit scores while developing a savings plan over one