DMB Financial

• Helpful Services
• Industry Accreditations
• DMB Financial Reviews

Helpful Services

DMB Financial works with clients to establish a debt management plan by organizing monthly expenses, income accounts, long-term savings, employment status, stress levels, and any past-due credit card debt payments (or any type of unsecured debt).

The company strives to find a credit card interest rate that is lower than current payments and a reasonable payment deadline to build a settlement program that will help the individual out of debt. Settlements plans are generally sought out as an alternative to bankruptcy. Where settlement will lower your credit score, the change is temporary. Bankruptcy can stay on your credit report for up to 10 years.

Every client is assigned a Client Services Rep throughout the entirety of the settlement program, an extremely helpful tactic that is surprisingly not seen at every debt relief company in the debt settlement industry. This representative can answer questions or concerns throughout the debt settlement process.

Typical clients with excessive debt have seen over 50 percent of their debt written off, becoming debt free in as little as 36 months.

In addition to its expert financial services, the company offers a "refer a friend" program where clients can refer family members or friends and receive a $200 award for every person that signs up with the company; this money can go a long way for those with high credit card debt and can help to pay off creditors more quickly.

The client can put this towards the settlement or keep the cash. Finally, DMB does not charge any fees until a settlement is reached.

Customers should also know that the debt settlement program from DMB Financial will lower their credit score. As with all debt settlement plans, the company will instruct you to stop paying your creditors, which forces debt negotiation but also lowers your credit score considerably.

Industry Accreditations

Many customers passing through financial hardship will look to industry accreditations to show the legitimacy and commitment of a business.

The commitment of DMB Financial is proven by its AFCC and IAPDA accreditations, suggesting that this company is following best practices. In addition, the company is listed on the INC. 5000 list., which is a unique feature we don't often see in debt settlement companies.

DMB Financial Reviews

Customer reviews indicate that DMB Financial's debt relief services take care of clients, both in terms of customer support and in financial services rendered. 

Additionally, it is worth noting that Forbes Magazine recognized DMB as a "Top Debt Professional".

One DMB Financial review states that the company gave him the "best experience [he's] had," and another positive client expressed that the company has been "very engaged in the [debt relief] process."

• Only in 26 States
• Complaints
• DMB Financial Cost

Only in 26 States

DMB Financial only provides debt relief services to customers in 26 states within the U.S. Unfortunately, the company doesn't disclose which states it does not service, so customers will need to request a quote to discover if they qualify.

Many debt settlement companies service all 50 states or clearly disclose which states they do and don't service, so we'd like to see more transparency on the part of DMB in this area.

Complaints

Though DMB Financial does have many great customer reviews, there are also some consumer complaints that are worth noting. In fact, over half of its reviews are only 1-star reviews, which is quite concerning.

Some customers have complained about the company's lack of organization. Others have complained about the fact that the company only pays off one credit card at a time.

Other customers have complained about prolonged debts that resulted in lawsuits with a creditor.

DMB Financial Cost

How much does DMB Financial charge its customers? On average, DMB Financial charges 21.5 percent of your total enrolled debt The average fee in the debt settlement industry is 15 to 25 percent of their enrolled debt. DMB Financial charges 18 to 25 percent, which is a slightly higher minimum fee than most competitors.

However, the company does not charge an upfront fee, which is the industry standard.