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DMB Financial Debt Settlement

in Debt Settlement Companies from DMB Financial LLC

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DMB Financial Debt Settlement

Unaffiliated

in Debt Settlement Companies from DMB Financial LLC

Net Recommendation Score +100%

SUPERMONEY NET RECOMMENDATION SCORE

+100%

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Highlights
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Community Rating

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% of Debt Fee 18% - 25%
Minimum Debt Owed $10,000

DMB Financial Debt Settlement Review

DMB Financial Debt Settlement is a debt settlement company based in Beverly, MA. It offers debt relief services to borrowers in 49 state across the USA. Founded in 2003, it is a well-established company that has been in business for over 10 years.

Key Takeaways
  • Minimum debt balance of $10,000. DMB Financial Debt Settlement only considers clients who have at least $10,000 in debt. This is a typical requirement for most debt settlement companies.
  • AFCC and IAPDA accredited. DMB Financial Debt Settlement is a member of the American Fair Credit Council (AFCC), which is the largest trade association for the debt settlement industry. It also employs debt resolution specialists that have been trained and accredited by the International Association of Professional Debt Arbitrators (IAPDA).
  • Well-established firm. DMB Financial Debt Settlement has been in business for 17 years.
  • Types of debt settled. DMB Financial Debt Settlement will only settle unsecured debts. These include credit card accounts, personal loans, payday loans, and medical bills.
  • Available in most states. DMB Financial Debt Settlement is available in 49 states.
  • Offers in-house debt relief services. Some debt settlement companies act as intermediaries for larger firms. This company uses its own staff to handle debt settlement accounts.
  • Customer service availability. DMB Financial Debt Settlement is closed Saturdays and Sundays, but users can track the progress of their settlement accounts at any time by logging onto their online account.
DMB Financial Debt Settlement Pros & Cons
Pros Cons
  • No monthly consultancy fee
  • Has IAPDA accredited debt specialists on staff
  • AFCC member
  • Only considers clients with a minimum debt balance of $10,000
DMB Financial Debt Settlement FAQ

What does DMB Financial Debt Settlement do?

DMB Financial Debt Settlement offers debt relief services for the following types of debt:

  • Unsecured debt, such as credit card debt, personal loans and medical debt

What does DMB Financial Debt Settlement charge?

DMB Financial Debt Settlement operates on a contingency fee basis. Companies operating under a contingency fee model charge fees that are based upon a percentage of the debt at the time the consumer enrolled; occasionally they are based on a percentage of the savings negotiated by the debt-settlement company. Across the industry in general, debt settlement clients typically see a 45% to 60% reduction of their enrolled debt.

DMB Financial Debt Settlement charges fees that range from 18% of the enrolled debt up to 25% of the enrolled debt, depending on the amount of enrolled debt provided.

Debt relief service pricing / costs can vary greatly from one client to another so it's best to speak to DMB Financial Debt Settlement directly to determine an accurate quote.

Does DMB Financial Debt Settlement offer a guarantee?

No, DMB Financial Debt Settlement does not have a money back guarantee. Some debt settlement companies advertise a money-back guarantee that typically states you won't be charged until your debt is settled. However, it is illegal for debt settlement companies to charge upfront fees before an account is settled. So these guarantees offer little added value to consumers.

What is the minimum debt DMB Financial Debt Settlement will consider?

DMB Financial Debt Settlement will only consider customers with unsecured debt of $10,000 or more. Customers with less than $10,000 of unsecured debt may benefit from a debt consolidation loan or credit counseling services.

Does DMB Financial Debt Settlement perform its own servicing in-house?

Yes, DMB Financial Debt Settlement employs its own in-house servicing staff who manage the process and negotiate settlements on behalf of their customers.

What accreditations does DMB Financial Debt Settlement have?

The two main trade associations in the debt relief services space are the American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA).

  • DMB Financial Debt Settlement is an accredited AFCC member.
  • DMB Financial Debt Settlement is an IAPDA member.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   500 Cummings Center Suite 5450
    Beverly, MA 01915
  •   Visit Site

Hours of Operation

Eastern Time
  • Sunday Closed
  • Monday 5:00am - 6:00pm
  • Tuesday 5:00am - 6:00pm
  • Wednesday 5:00am - 6:00pm
  • Thursday 5:00am - 6:00pm
  • Friday 5:00am - 2:00pm
  • Saturday 6:00am - 10:00am

About DMB Financial Debt Settlement

Availability

  Available in 49 states
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Monthly Fee $0
% of Debt Fee 18% - 25%
Debt Type Unsecured Debt
Minimum Debt Owed $10,000
Program Length Starting at 36
AFCC Member  
Contingency Model  
IAPDA Member  
In-House Servicing  

DMB Financial Debt Settlement Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+100%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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