Money Matters: Developing Smarter Consumers Four Session Series at Genesee Community College

Genesee Community College is pleased to announce a special four-session program targeted to help all citizens become smarter consumers. Each of the four sessions is scheduled on Tuesdays from 1:00-2:00 PM in room T119A of the Conable Technology Building at Genesee Community College's Batavia campus. The sessions are FREE and open to the public.

The workshop presenter is John Durand, who is an underwriter and community development specialist for US Department of Agriculture Rural Development division. Through his 20-year tenure in this industry, he has helped hundreds of people establish the necessary credit to allow them to buy homes, launch businesses, and achieve their dreams.

The four different sessions in the Money Matters series are being presented by the Career and Transfer Department of Genesee Community College, and the schedule follows:

Tuesday, March 28, 2006; 1:00 - 2:00 PM"Credit History" will cover the importance of keeping track of credit reports, how to improve a credit score, and the factors that negatively impact credit scores. Mr. Durand will explain what makes up a credit report, how to read one, and how a credit score is determined.

Tuesday, April 4, 2006; 1:00 - 2:00 PM"Type of Loans" will explain the various kinds of secured and unsecured loans consumers can consider - from car loans to credit cards, home equity to student loans, mortgages, payday loans and predatory loans. The benefits and disadvantages of each type of loan will also be discussed.

Tuesday, April 11, 2006; 1:00 - 2:00 PM"Banking Terms, Fees and Charges etc." is the third topic in the Money Matters series which will explain what interest is and how it is determined. Attendees will learn about various banking terms such as escrow, APR, late charges, principle balance, points and closing costs. Understanding the small print, staying clear of unnecessary fees, and realizing how payment histories affect interest rates is also part of the discussion.

Tuesday, April 18, 2006; 1:00 - 2:00 PM"Applicants" will be Mr. Durant's final session and will include information on how borrowers can position themselves in a better light to lending institutions. How to make credit work for consumers, understanding a savings reserve, differentiating between wants and needs, and avoiding the pitfalls of too much credit are among the topics for this last session.

Reservations are appreciated but not necessary to attend these sessions. Interested attendees should call 585-345-6888.