Bad credit can wreak havoc on a person’s life.
Landlords and employers who run credit checks may pass over someone with a low score. Car dealers and mortgage lenders will charge higher interest rates. And forget about starting a business.
In Boston, an estimated 236,000 people, a third of the city’s residents, have either a poor credit score or none at all.
In an attempt to open more doors for those who are struggling, Mayor Martin J. Walsh on Wednesday is launching a credit-building program, with the goal of helping at least 25,000 Boston residents get a score of at least 660 — […] Read more