DMB Financial is a debt relief company based in Beverly, MA. Since it was established in 2003, it has helped over 13,000 clients and managed more than $250 million in debt. DMB Financial has an A rating with the BBB, and it's a member of the AFCC (American Fair Credit Council) and the IAPDA (International Association of Professional Debt Arbitrators). 

How Does DMB Financial Work?

DMB Financial offers a performance-based service. That means they only charge clients a fee when they have settled a debt. That is an FTC requirement for all debt settlement companies but DMB Financial followed that policy since it was created. According to DMB Financial’s own records, it offers clients an average debt reduction of 50% and most accounts are settled within 36 months. Of course, performance varies from case to case. 

How Much Does DMB Financial Debt Settlement Cost?

DMB Financial charges customers 20% to 25% of the debt they help reduce.  To illustrate, let’s say you own $20,000 in credit card debt and DMB Financial manages to negotiate with your creditors and reduce the debt to $10,000. Your fee would be $2,000 to $2,500.

How Is DMB Financial Better Than Other Debt Settlement Companies?

  • DMB Financial has been in business for 13 years.
  • It has an A rating with the BBB
  • Is a member of the two main debt settlement trade associations: IAPDA and AFCC
  • It has a performance based fee schedule
  • It provides free educational material and self-help tools.



  • Minimum Debt Owed
  • Debt Type
    Unsecured Debt
  • % of Debt Fee
    20% - 25%
  • No Monthly Consultancy Fee
  • Pricing Model
    • Contingency Fee (% of enrolled debt)
    • Contingency Fee (% of savings)
  • AFCC Member
  • Contingency Model
  • Free Consultation
  • IAPDA Member
  • In-House Servicing
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DMB Financial helped to save me money and restore my peace of mind. They explained everything from start to finish - they were very open and honest and did a great job.

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