Quote Quoting junker
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isnt the real reason for bad or high interest rates after a bk, just to punish someone further?? after all, sure your score is lower, but after a bk, they know you cant file again for 8 years, so why the hard time getting credit, especially if you have a job or house. you should really be a LOW risk. and it should be easy to get credit...
NO , not really. Lenders see a low score as "WHAT DO I HAVE TO LOSE" if I do not make my payments. People with high FICO scores want to protect their scores.

The "second chance" loans have the risk factor built in and for good reason as this post suggests. A re default is very possible.