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in Debt Settlement Firms from DMB Financial
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|Community Rating||Strongly recommended|
|% of Debt Fee||18% - 25%|
|Minimum Debt Owed||$15,000|
DMB Financial Review
Where does DMB Financial do business?
DMB Financial is a debt settlement company based in Beverly, MA. The company was founded in 2003 and offers debt relief services to borrowers in 49 state across the USA.
What does DMB Financial do?
DMB Financial 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 charge?
DMB Financial 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 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 directly to determine an accurate quote.
Does DMB Financial offer a guarantee?
No, DMB Financial does not offer a money back guarantee.
What is the minimum debt DMB Financial will consider?DMB Financial will only consider customers with unsecured debt of $15000 or more. Customers with less than $15000 of unsecured debt may benefit from a debt consolidation loan or credit counseling services.
Does DMB Financial perform its own servicing in-house?
Yes, DMB Financial employs its own in-house servicing staff who manage the process and negotiate settlements on behalf of their customers.
What accreditations does DMB Financial 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 is an accredited AFCC member.
- DMB Financial is an IAPDA member.
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia