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.
DMB Financial offers debt relief services for the following types of debt:
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's fees start at 18% and go 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.
No, DMB Financial does not offer a money back guarantee.
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.
Yes, DMB Financial employs its own in-house servicing staff who manage the process and negotiate settlements on behalf of their customers.
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.