answersLogoWhite

0


Best Answer

It depends on what you mean "Fresh Start." Once your debt is removed it is gone permanently. That doesn't mean that you reapply you can get the same credit back. The companies keep a record of this and you might be denide. This does help you regain some of the points to help your credit score. I hope this is helpful. I was a Financial Counselor for 12 years in the U.S. Navy.

User Avatar

Wiki User

18y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: When charge offs and debts finally are removed after 7 years will you get to start fresh?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

If you recently paid off a charge-off with Macy's and they reinstated your account will the old information be removed and start fresh with reporting?

you will have to get macy's to remove the charge-off from your report or change it to a good standing remark. because they will show a new account opened on you report along with the charge-off. if they agree to change it get it in writing and report it to the bureaus when they report it. the lender only can remove the charge-off


What are the consequences of declaring bankruptcy?

A discharge in bankruptcy means all your unsecured debts are discharged and your secured debts have either been reaffirmed or the collateral has been surrendered and the remaining balance has been discharged. So you get a "fresh start" financially. Your credit score lowers a bit, but if you had to file for bankruptcy, your score was probably low anyway. It starts going up, finally. The discharged debtor may find it difficult for a while to get a job involving handling money. It may be difficult to get a new apartment or buy a house until you have increased your credit score enough to qualify. You will get offers for a new credit card. Read them carefully. Check the card issuer out carefully at Consumer Reports and get the lowest interest rate available and a low card limit ($300 to $500). Use it, never going even close to the limit, and pay the balance in full before the due date. You will be able to buy a car, but at a high interest rate. Make sure the lender you use (a local credit union is best) will allow you to lower your interest rate if your payments are made on time.


How much is mannie fresh worth?

$3.50


History of reliance fresh?

year of establishment


Mannie fresh net worth?

Mannie Fresh is known as an American hip-hop rapper and music producer. His net worth is set at approximately $15 million dollars.

Related questions

What is removed from fresh milk to make dried milk?

Water is removed from fresh milk to make dried milk.


What is it called when you removed salt from the ocean?

fresh waterification


What does it mean for a bankruptcy to be discharged?

You may be referring to the discharge of debts in bankruptcy. Not all debts can be discharged. Most discharged debts are partially discharged in Chapter 11 and Chapter 13 actions. Debts or the portions thereof that are discharged no longer exist at law and creditors no longer can attempt collection. It is a "fresh start". You attorney can advise you as to which debts are likely to be discharged, which ones reorganized, and which debts will likely not be discharged.


If you recently paid off a charge-off with Macy's and they reinstated your account will the old information be removed and start fresh with reporting?

you will have to get macy's to remove the charge-off from your report or change it to a good standing remark. because they will show a new account opened on you report along with the charge-off. if they agree to change it get it in writing and report it to the bureaus when they report it. the lender only can remove the charge-off


How many days can removed canned tomatoes stay fresh?

8 days


How are fresh seasoning different from dried seasoning?

Dried seasoning has all moisture removed.


In single entry system can we charge interest on capital on both closing capital and fresh capital?

No interest on capital charge upon opening capital and also on fresh capital upto the extent we utilize e.g if use fresh capital for six month then according to six month ratio.


How is coix taken?

The husks are removed and the seed is used either fresh, boiled, roasted, or fermented.


Do you need to charge a new battery?

Normally, no it should be fully charged if it is a fresh battery.


Why did poe leave the university of Virginis and enlist in the army?

Poe left the University of Virginia due to financial difficulties and increasing gambling debts. He then enlisted in the army under a false name in order to escape those debts and start fresh.


What if your ipod is brand new and fresh out of box but i cant get it on?

You have to let it charge to full battery first then use it.


At is that white stuff on the inside of your dried peppers?

I don't have any dried peppers, but it is probably part of the pithy ribs that are inside fresh peppers. When using fresh peppers, those are frequently removed.