Building credit has been an integral part of my financial journey. Growing up, my family received resources about managing our money, credit building and the importance of saving through our local credit union in Richmond, Virginia. But today, many families may not know credible sources for credit education — even though in the U.S., a strong credit history is essential to establishing financial health and can help unlock access to housing, transportation and even jobs.
“Based on CBA’s history [of] helping affordable housing providers implement rent reporting, those renters who benefited the most fit a pattern; those who paid rent on time with either a thin credit file or no credit history. CBA is thrilled to collaborate with Citi to help more low-income renters build credit.” says Dara Duguay, CEO of Credit Builders Alliance (CBA).