Charlie Christensen: (August 21, 2009 12:46pm)

I agree - except in the case of those people that are "working" the system... many self employed borrowers for example, could take advantage of a modification without knowing the consequences down the line -- thus impacting other areas of their credit profile and ultimately access to credit... I also think that many people who are taking modifications are doing so due primarily to their equity position (negative equity) - people who would otherwise have stuck it out... I just think that many of the people who are getting their credit destroyed in these times, may be given some sort of "hall pass" - given the enormity of it all...

Eagle Eye: (August 21, 2009 12:22pm)

What type of credit score 'resolution' would you suggest? The fact is that borrowers who reach out for a loan mod do so because they needed relief. If the loan mod was not available, there would have been a high likelihood of loan default. Therefore, by virtue of needing the loan mod assistance in the first place, they are not as strong of a credit risk and should have their credit score impacted so future creditors know potential risks.