Advertiser Disclosure

Borrower Beware: Performance Debt Relief LLC

Loans, Student Loans

This company is on the NerdWallet Student Loan Watch List. The list flags student-loan businesses and individuals hit by enforcement actions, court judgments or liens, or bad ratings from the Better Business Bureau. Learn more in Who Gets Listed.

Performance Debt Relief is operated by managers who ran a similar company, American Student Loan Consolidators LLC, that reached an agreement to return more than $14,000 to Washington state consumers as part of a crackdown on debt adjustors.

Washington’s attorney general accused the company of marketing student-loan adjustment services that consumers could apply for free with the federal government.


Enforcement actions: Washington’s attorney general acted against American Student Loan Consolidators LLC in 2016, accusing the company of making deceptive statements about consumers’ options, failing to advise them of their rights when signing contracts and charging illegal fees of $166 to $699 for debt adjustment, far above the state limit of $25.

What the company claims to provide: Debt relief, negotiation with creditors, credit reporting


Based: Boca Raton, Florida

Management: Patrick O’Deady, registered agent; Daniel Upbin, registered agent. Both also were managing members of the now-defunct Christian Debt Counseling Center LLC.

Sources: Washington attorney general’s office; Florida business filings