You may be wondering what the differences are between debt resolution and debt settlement. They both sound similar, but in fact these two debt management techniques are different from one another.

The fundamental difference between "Our Debt Resolution System" and a "Traditional Debt Settlement Program" is that our resolution process is "Lawyer-backed".  While a debt settlement company is working as a “third-party” credit settlement firm, you are working in partnership with our attorney to negotiate a reasonable reduction in the total amount of debt that you have outstanding.

Another important difference between our debt resolution program and debt settlement is that our program doesn’t require you to write off the difference as a taxable income with 1099s that a creditor will send you. If our Attorney successfully negotiates a creditor, you WILL NOT receive a 1099!  This can make a huge difference when calculating the total amount saved, since your negotiated balance is not considered an income.

Here is a real life scenario of a personal profile caught in time to SAVE her $180+ per month:

Let’s say you are carrying a total of $30,000 in debt. Our lawyer, processors, and negotiators work with your creditors to write that total balance down %45 to $13,500 (plus a $399 Enrollment fee, a grand total of $13,899) – giving you a reasonable monthly payment of $386.08 a month. You’re totally out of debt in a mere 36 months!

Alternatively, a debt settlement company may negotiate your balance of $30,000 down %55 to $16,500 and the write-off (the difference between the $13,500 you owed and the $16,500 you’re paying) is considered a taxable income ($13,500!). Let’s say you pay 30% taxes, that means that you owe not only the $16,500 to pay off the debt, but you also owe $4,050 to the government! That brings your total payoff to an ACTUAL $20,550!! That's $570.83 a month for 36 months.

In the end, Performance Debt Resolution’s secure lawyer-backed negotiation strategy mixed with the high level of savings and tax benefits, makes our Debt Resolution program the right choice when solving all your debt issues. $570.83 per month