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Stephen Snyder, author of "Credit After Bankruptcy:
A Step-by-Step Action Plan to Quick and Lasting Recovery after Personal
Bankruptcy," says he recovered from his bankruptcy discharge
in less than eight months. He offers these five tips to bankrupt
consumers:
1. Forgive yourself.
2. Don't hide the fact that you're bankrupt when dealing with a
lender. Find lenders that have experience getting loans for bankrupt
consumers.
3. Recovering from bankruptcy is all about your FICO credit scores.
Discipline yourself to make sure you do not do anything negative
when it comes to your scores.
4. Using a qualified law firm can shave years off the time it takes
to recover from bankruptcy.
5. Life is all about balance: spiritual, financial,
physical and recreational. Find a church or good support group.
For a look at what happens, when, for consumers facing
bankruptcy, see "A
bankruptcy timeline."
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