Debt Management Guys claims to work with hundreds of experienced attorneys to help customers lower their debt interest rates. The company works with four creditors that offer a 0 percent fixed interest rate, including Advanta, First Premier Bank, Tiresplus, and Firestone. We are concerned by Debt Management Guys’ lack of accreditations. They are not accredited by the IAPDA, or the AFCC. Additionally, they do not disclose if they are 100 percent FTC compliant.
- Minimum debt requirement: $5,000
- Free consultation available
- Secure monthly payments
Low Minimum Debt Requirement
One great feature of Debt Management Guys’ services is that they have a low minimum debt requirement. To enroll in their services, you must have at least $5,000 in unsecured debt. This is slightly lower than what most companies require with $7,500 – $10,000.
Debt Management Guys offers a free, non-committal consultation where they will give you a quote on your financial situation. We tried calling to find out more information about their programs, but it is hard to reach a representative. The consultation may be the best bet in learning more about the company’s individual programs.
Secure Monthly Payment
When enrolled, Debt Management Guys will set you up with an affordable monthly payment plan dependent on your amount of debt. The company claims that this monthly payment will be transferred electronically from a personal savings account into a non-interest FDIC savings account. Debt Management Guys claims to settle this debt in 12-48 months.
- Transparency issues
- Unclear program information
- Missing industry accreditations
- Confusing state availability
Lack of Information
It was extremely hard to find information about this company, simply because they do not provide it. It is unclear as to whether or not the company offers a money back guarantee. When searching the website for more information, multiple links take you to a page that says, “you have found a wrong page.” Additionally, many links take you to blank templates with no text.
Unclear Program Information
The company’s website does not list any in-depth pricing information, or specific details on fees. Additionally, they do not provide any information on their different programs—and we had a hard time reaching a representative to learn more.
No Industry Accreditations
One cause of great concern is the fact that Debt Management Guys is not accredited with the International Association of Professional Debt Arbitrators (IAPDA), or the American Fair Credit Council (AFCC). Having at least one of these major accreditations would show consumers that the company is committed to high quality service and industry best practices.
Compare to the top rated debt settlement companies
Frequently Asked Questions
How Much Does Debt Management Guys Cost?
Debt Management Guys does not disclose pricing information on its website.
Can I Get a Free Consultation?
A free consultation is offered and required to get started with Debt Management Guys. During this consultation, interested parties are encouraged to have already run a recent credit report, financial statements, collections letters, judgments older than six months, credit card statements, unsecured loan statements, and income information. A debt management counselor will then go through all of the information provided and give the debtor an approximate balance of debt, an estimated minimum monthly payment and the length of time it will likely take to pay off the debt.
What Types of Debt Does Debt Management Guys Work With?
Debt Management Guys only handles unsecured loans.
What Is the Minimum Debt Amount I Can Sign Up With?
About Debt Management Guys
The Debt Management Guys offer both debt consolidation as well as debt reduction programs. They specialize in credit card debt by assisting customers in negotiating interest rates that are easier to work with. The company also offers counseling services to help each customer or potential customer determine what it is that they need most whether it be lower interest rates, catching up on payments, debt settlement, or just an overall reduction of the amount of debt required to be free.
- Free consultation: Yes
- Personal consultant during the settlement: No
- AFCC accredited: No
- IAPDA accredited: No
Time in Business
Minimum Debt Requirement