2017 Homebuyers Counseling Series
Because low credit scores are rampant in Low-Moderate Income (LMI) communities throughout the country, many LMI persons frequently experience housing, employment, insurance and credit denials. However, when credit is granted the costs are usually exorbitant due their poor credit rating. To combat this problem MLKARC has forged a partnership with Hancock Bank and Wells Fargo to help area LMI residents acquire the money management skills necessary to avoid scams, stay out of debt, and build assets. Via our partnership with Hancock Bank and Wells Fargo, LMI participants receive homebuyer counseling from the Hands on Banking and FDIC’s Money Smart for Adults curriculums. During these counseling sessions, MLKARC’s staff and guest bankers instruct LMI participants how to overcome obstacles to homeownership, how to avoid foreclosure, how to recognize predatory lending practices, how to repair poor credit, how to prepare a spending plan and how to obtain and use credit effectively. The two-hour Homebuyers Counseling Series sessions will commence Tuesday, April 11, 2017, at 6:00 pm at 350 N. Broad Street Suite E with succeeding sessions occurring April 18, 25, May 2 and 9.
Daphne S. Pierce - Executive Director
61 St. Joseph St.(Waterman-Smith building)
Mobile Al. 36602
Mobile, AL 36652