If your loan modification has been halted by a low credit score or a foreclosure has damaged your credit score, there are remedies. Learning about how your credit is rated will help you take steps toward improvement and avoid the kind of missteps that lead to a negative rating.
If you live in Santa Cruz County, you may want to attend a free credit score seminar being offered by Bay Federal Credit Union 6-7:30 p.m. next Wednesday (Feb. 24) at Cabrillo College Student Activity Center East Room 225, 6500 Soquel Drive. It’s free but you need to register in advance. Call 831-477-8427 or email Seminar@bayfed.com.
If you can’t attend, here’s a link to the Federal Trade Commission’s page on repairing your credit.
A word of caution-advertisements from companies making claims that they can “erase bad credit” or “create a new credit record” are usually scams so be careful. If you need assistance, look for a Non-profit credit counseling organization like Consumer Credit Counseling Service of Ventura County, San Jose. CCCS is a KTEH partner in the Facing the Mortgage Crisis initiative. They serve Santa Cruz and Santa Clara Counties and often answer questions on this blog on the “get expert advice” page.