MISSION & HISTORY

Our Goal: by 2025, help 25000 residents

achieve a prime credit score of 660

Our Mission: help Boston residents understand the importance of good credit, how to build credit and achieve a good score.

Boston residents face financial challenges every day, and credit scores can make a difference in what they purchase and where they live or work. Good credit doesn’t require wealth but does require knowing the rules of credit and using the right tools. Many organizations in Boston provide services that can help residents manage finances, but not everyone is aware of the resources available. BBC connects residents to organizations in their neighborhoods or at their workplace. With support, they can take control of their financial future, build credit scores, and reach financial goals.

200,000+

Boston residents have no credit score or low credit scores, which can lead to higher fees and interest rates for products and services

$200,000+

Lost over one person's lifetime, from paying higher fees and interest rates because of a low credit score vs a good credit score

Bad credit is a key contributor to the growing wealth divide between Boston's affluent and low- to middle-income residents.

Boston Builds Credit is the first-ever, citywide effort to “move the needle” on credit scores at the population level in the United States. BBC is being developed and implemented by Mayor Martin J. Walsh’s Office of Financial Empowerment, United Way of Massachusetts Bay and Merrimack Valley, and Boston LISC. All have worked with Boston residents and communities for many years.

Boston Builds Credit launches in 2017 in the Roxbury neighborhood of Boston, and will expand to other neighborhoods in the future. We look forward to working with residents throughout the city and seeing everyone benefit from good credit.

We want to make it easy to start building credit. These are the ways BBC is reaching out to residents - help us spread the word!

1. A public information campaign to promote the importance of good credit and how to build good credit

2. Free or low cost credit coaching to help residents build credit

3. Safe and affordable credit products that fit the needs of residents

4. Public policy that promotes high-quality products and reduces scams and predatory practices