Last Updated: 07/21/2025
DMB Financial Debt Settlement
Unaffiliated
in Debt Help from DMB Financial LLC
Last Updated: 07/21/2025
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Highlights
Minimum Debt Owed
$5,000
Settlement Fee %
18% - 25%(Verified 07/21/2025)
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Monthly Service Fee
$0(Verified 06/21/2024)
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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 35 states (and Washington, DC). Founded in 2003, it is a well-established company that has been in business for over 20 years.
Key Takeaways
- Low debt minimum. DMB Financial Debt Settlement stands out from the competition because it only requires clients to have a minimum balance of $5,000. Most firms require at least $10,000 of unsecured debt. On the other hand, it will only help settle individual accounts with a balance of at least $500 or more per account.
- ACDR and IAPDA accredited. DMB Financial Debt Settlement is a member of the Association for Consumer Debt Relief (ACDR), 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 company. DMB Financial Debt Settlement has been in business for 23 years.
- Only considers unsecured debts. DMB Financial Debt Settlement will only settle unsecured debts. These include credit card accounts and personal loans.
- Available in most states. DMB Financial Debt Settlement is available in 35 states, and Washington, DC.
DMB Financial Debt Settlement Pros & Cons
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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, medical debt, and personal loans.
What does DMB Financial Debt Settlement charge?
DMB Financial Debt Settlement charges a settlement fee based on the debt handled. Instead of monthly payments or upfront fees, DMB Financial Debt Settlement only collects a fee once a settlement has been reached. Fees are calculated as a percentage of the enrolled debt and may vary by state. Across the industry, debt settlement clients typically see a 45% to 60% reduction of their enrolled debt before fees.
DMB Financial Debt Settlement settlement fees typically range from 18% of the enrolled debt up to 25% of the enrolled debt, depending on state regulations.
Debt relief fees and settlement terms can vary based on your state and individual circumstances, so it’s best to speak directly with DMB Financial Debt Settlement for 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 is recommended for customers with an unsecured debt of $5,000 or more. Customers with less than $5,000 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 Association for Consumer Debt Relief (ACDR) and the International Association of Professional Debt Arbitrators (IAPDA).
- DMB Financial Debt Settlement is an accredited ACDR member.
- DMB Financial Debt Settlement is an IAPDA member.
Is DMB Financial LLC a legit company?
DMB Financial LLC was founded in 2003, it is a well-established company that has been in business for 23 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Hours of Operation
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