After filing for bankruptcy getting an unsecured loan is the proverbial redheaded step-child. This kind of loan is the most expensive to get because if the loan defaults, the lender has nothing to haul away for repossession. This loan holds all kinds of risks for the lender and consequently the interest rates are higher. Yet this is basically the only kind of loan besides a car loan that these wounded borrowers can get. To add insult to injury, a finance company will probably be the only entity willing to make a commitment to personal loans and their prices to borrow money might be extremely high. This kind of loan truly is the last thing in the world that individuals who file for bankruptcy need.