Q: Who is Performance Debt Resolution?

A: Performance Debt Resolution is a firm that specializes in individuals with credit card and unsecured debt. Whether your debt is $10,000 or $100,000 or more, we can help; even if some of those accounts are behind on payments or in collections.

Q: What does ‘attorney-backed’ mean?

A:  Performance Debt Resolution uses experienced attorneys to negotiate with your creditors for a reduced payoff amount. The main difference between our debt resolution program and typical debt settlement is the use of an attorney.

Q: In general, how does the resolution process work?

A: You are set up directly with our attorney’s office to have your debt reduced.  You submit your total debt, select your custom payment term and amount for what you can afford.  You will receive up to a 60% balance reduction on each card and the attorney will handle all matters with your creditors so you don’t have to.

Q: How will I be kept informed?

You will be in direct contact with our attorney’s office by phone. You will also be given a secure login and password to access your account. You will utilize an independent escrow account and be able to clearly see your progress as each card balance is paid in full.

Q: Can I payoff my balance before the program ends?

A: Yes, absolutely!  You can payoff the entire balance at anytime with NO PENALTY OR FEE!

Q: Will my creditors still be calling me once I enroll in the program?

A: Once the creditors receive the first letter from the attorney’s office, the creditor is prohibited from pursuing further collection efforts. You will also be provided with additional information to submit to your creditors.

Q: How will my credit score be impacted by the debt resolution program?

A: Your credit score will be impacted with any debt relief program. Using a debt resolution program will however remove the debt that is also currently impacting your score. If your accounts are already in collections, then debt resolution will likely improve your credit score since you will be paying off extremely past due accounts.

Q: Can I select the order in which credit cards are paid off?

A: Yes absolutely. Please indicate the specific payment order of each credit card(s) when listing them out on the attorney contract. If no particular order is selected, the lowest to highest card balances will be paid accordingly.

Q: Can I add more cards at a later time?

A: Yes, add however many additional cards you wish at any time at no additional cost!

Q: Will there be any negative tax implications for debt resolution?

A: Unlike most debt settlement programs, when your debt is closed there should be no adverse tax consequences.  Please confirm this with your accounting professional prior to enrolling in any debt settlement program.

Q: How will I know my debt has been officially resolved & settled?

A: You will be notified when the attorney communicates with your creditor, when they send them a check to resolve your debt, and when you can consider your debt to be resolved. For final resolution notice, this is typically 90 days after the final payoff check has been cashed by the creditor.