Credit After Bankruptcy: The Easy-To-Follow Guide to a Quick and Lasting Recovery from Personal Bankruptcy
You can establish mainstream credit after bankruptcy.in less than eight months. Whether you filed bankruptcy several years ago or last week, this ... Show synopsis You can establish mainstream credit after bankruptcy.in less than eight months. Whether you filed bankruptcy several years ago or last week, this book will show you how to make a dramatic and lasting recovery. Stephen Snyder and his wife, Michele, each had their Chapter 7 bankruptcy discharged in 1993. They were both so cash poor at the time that they had to borrow money from their families to file. Then, within eight months they mortgaged a home at six percent, leased two new cars, and obtained bank loans, major bank cards, start-up capital for a small business, and more-all using mainstream credit and without the aid of high-interest credit card companies. Today they give, save, and invest 30 percent of their income and live off 70 percent. They consistently maintain a debt-to-income ratio well below 20 percent. And, they are paying back their bankruptcy debt with interest.