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Frequently Asked Questions

How do I get started?

3Score has simplified the settlement procedure and has made client enrollment as easy as one, two, three. 3Score's simple three step enrollment process makes getting started a breeze. Once enrolled, 3Score immediately goes to work for you. We will contact your creditors to inform them you have engaged our services and to direct any future communication to our offices. 3Score then outlines an affordable monthly payment plan to accomplish settlement with your creditors. Typically this will be accomplished within 36 months or less. We recognize that admitting your debt and seeking help are two very difficult decisions; therefore, we work hard to make you feel comfortable and supported during the process.

What happens during my initial free consultation with a Debt Consultant?

Because everyone's situation is unique, it is essential to have an experienced person evaluate your particular situation. 3Score's professional staff will consult with you about your different debt resolution options, and outline a suggested payment plan to settle your debts within 36 months or less. Our consultative approach is very unique to the industry, as we will be here to confer with you and not to "sell" you.

How will a Debt Settlement Program affect my credit?

Your credit rating is largely determined by two factors: your payment history and the amount of debt you have, or debt to income ratio. Any debt management program will affect your credit in the beginning. However, as you begin to pay off the accounts and obtain zero balances, you will ultimately lower your debt to income ratio and therefore improve that specific portion of your credit score. Understand this: no matter which direction you choose in getting out of debt you are looking at years of repayment. Our goal is to eliminate your debt in the quickest manner possible to get you back into a debt free situation so your life belongs to you again and not the creditors.

Is a Debt Settlement Program the same as debt consolidation?

No. Debt Settlement specifically reduces your current outstanding total balances 40-60% by negotiating agreed payoff amounts with your creditors. Conversely, debt consolidation programs combine your outstanding debts into one monthly payment and secure them with one of your most valued possessions - your home. Debt Settlement Programs can save you thousands of dollars and years of repayment. Typically settlements with all of your creditors will be accomplished within 36 months or less, with a lower monthly payment than any other debt resolution option. Because of the reduction in overall debt, settlement negotiation is now becoming the ONLY viable solution for many Americans to rid themselves of burdensome unsecured credit.

Can I do this on my own?

Although it is possible, it is very difficult to negotiate debt on your own. Creditors deal with thousands of people who are in financial difficulty every day and have a vast array of sophisticated--and some rather blunt-- methods of getting you to pay your debts. It's almost like trying to change your own car transmission. Can you do it? Yes, but if you don't know what you're doing, nor have the tools to change it, it can be an extremely complicated task. The settlement process is usually very emotional and stressful, especially when you are the one being attacked by collectors over the phone. By letting 3Score do what we do best, you will get better settlements with a fraction of the stress. Remember, we have years of experience in dealing with creditors and handling peoples' financial problems.

Do I have to include all of my debts or can I select which ones I want you to resolve?

In the Debt Settlement Program you can select which accounts you would like us to resolve. It may be recommended that you include all or most of your unsecured debt and this will be discussed during your free initial consultation.

How long does settlement take?

The length of time necessary for completion varies from case to case and will depend upon you having funds available to settle your enrolled accounts. During your initial free consultation, the time necessary to complete your individual case will be discussed. 3Score's average client can be debt free in 12 - 36 months. The amount of time it takes to clear your debts is primarily dependent on your present financial situation. If, however, your budget is extremely limited, it may take longer. Every situation is different and we will be happy to discuss this during your free confidential phone consultation.

Why shouldn't I just file bankruptcy?

Bankruptcy may seem to be the quickest solution to removing your outstanding debt and bankruptcy attorneys will tell you it will only remain on your credit for 7-10 years. However, almost all credit applications today ask the question, “Have you EVER filed bankruptcy?” Even if the bankruptcy has fallen off your credit report, to answer this question untruthfully is considered a federal offense. This means bankruptcy will follow you for the rest of your life. Bankruptcy is a permanent decision that should only be considered as an absolute last resort to solving your debt matters.

How does 3Score differ from Consumer Credit Counseling Services (CCCS)?

CCCS companies DO NOT reduce the total debt you owe, but rather "sell" you on the concept of combining your total monthly payments into one payment - often times higher than your regular monthly minimums. For most people seeking debt assistance, immediate monthly cash relief is what they need. This form doesn't necessarily provide monthly relief, and as consumers soon find out, the new payment has a relatively minute impact on the total outstanding balances. Hence, the 4-6 year plan they were originally told, turns out to be much lon

Why should I use 3Score Debt Solutions?

3Score has assembled an impressive team of dedicated individuals who work with one common goal: to save you money. 3Score's debt settlement program is set up to work with your best interests in mind. We have created a win-win relationship, by implementing procedures to ensure the best results for our clients. As always, getting you out of debt is our job. keeping you out is our mission.