The Washington Post, December 17, 2015: Lending help: Innovative new program allows poor renters to build credit by paying off loans
“Intended as a measure of a person’s history of trustworthiness when it comes to borrowing money, credit scores are now used for much more than just bank loans and credit cards. Many apartment buildings require a credit check when deciding whether to rent a home to an applicant. Even employers run credit checks on job applicants. So a low credit score, or no credit score at all, can stand in the way of a low-income person achieving greater stability. These loans are meant to help.”