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Message: <blockquote data-quote="UPS Lifer" data-source="post: 1117347" data-attributes="member: 9789">If you have a weak credit history, generally you have had problems paying your bills or you have way more debt than you can handle with your current income. Your credit score is designed to bounce back as the debt diminishes and the current history of bill paying on time is established. However, in that article, there is a paragraph that states the Feds are trying to get banks to refinance homes that are underwater and lower the payment for those who owe more than the house is worth.  To me, that is a different scenario.  The gov is trying to help a current homeowner out.  From the banks POV though, this stlll poses a significant risk because the asset will not cover the loan.  To big to fail comes into play.</blockquote>