No one said you could not get a loan after you have defaulted on others, but you have to know that sometimes bad credit loans come at a very high cost. The reason for that is because lenders consider someone that has already failed to pay their bills is a high risk client. Sure, in the current economic climate where homes have been repossessed because of bad lending practices, even people with good intentions for paying their house off have found themselves stuck with a credit rating that stinks. While many say it is not their fault, the fact still remains that few lenders want to take a risk without making sure their backs are covered. If it is time to step back into the market for loans after bankruptcy, you really should get enough information to do it right this time. What that means is...
