ECONOMIC INCLUSION & WEALTH BUILDING

BOSTON
BUILDS CREDIT

CREDIT: FAR MORE THAN JUST A NUMBER

In 2017, the United Way joined forces with the Mayor’s Office of Financial Empowerment and LISC Boston to launch Boston Builds Credit, a first-of-its-kind, citywide movement with an ambitious goal: to help 25,000 Bostonians achieve a prime score (660+) by 2025. There are more than 200,000 Bostonians who are either unscored or have poor credit. A good credit score opens the door to renting a home, building assets, and low interest rates and fees, among other benefits. With our network of partners, we provide services ranging from credit building workshops to 1:1 financial coaching.

Request for Community Partnership Open Now

BOSTON BUILDS CREDIT BY THE NUMBERS

Bostonians who are either unscored or have poor credit

Poor credit can cost Bostonians ~$238,000 more in fees and interest over a lifetime

8 dollars is the average net worth of black Bostonian families

We seek to help 25,000 Bostonians reach a prime score of 600 or better

GOOD CREDIT

Provides access to low-cost credit cards, mortgages, car loans, and many of life’s other necessities

A TRANSFORMATIONAL OPPORTUNITY FOR BOSTON

Boston has some of the highest economic inequality in the nation, with an unacceptable racial wealth divide. The average net worth of white families is $247,000 while the average net worth of black families is $8. While a variety of factors fuel this situation, credit building is an important and underutilized tool to open doors for all Bostonians to build assets, reduce expenses, and pursue their goals.

Blog
Mar 28 2024

Facing Pivotal Moment, Boston Builds Credit Embraces Community Engagemen…

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Blog
Apr 9 2024

Wealth Unlocked: Boston Builds Credit Shares 8 Tips for Financial Litera…

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Blog
Jan 5 2023

Raising Community Voices to Increase Credit for Bostonians

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