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.

Rank Chart
Fee
Debt Requirement
Our Score
#1
15-25%
$7,500
9.4
#2
15-25%
$7.5k
9.3
#3
15-25%
$7.5k
8.9
#20
Debt Management Guys Reviews | BestCompany.com
Undisclosed
$5k
4.0

The Good

  • 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.

Free Consultation

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.

The Bad

  • 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.
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The Bottom Line

We do like that Debt Management Guys have a low minimum debt requirement, they service all states, and they offer free consultations. But when it comes to your debt settlement needs, we have a difficult time recommending the Debt Management Guys. They do not provide key information on their programs, and we are left with unclear payment information. Not only that, but they lack in providing general information. It is unclear on whether or not Debt Management Guys is even still in business. We recommend going with a more established company with accreditations.

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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?

$5,000

More Information

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.

Price

Undisclosed

Account Set-Up

  • Free consultation: Yes
  • Personal consultant during the settlement: No

Accreditations

  • AFCC accredited: No
  • IAPDA accredited: No

Time in Business

2008

Minimum Debt Requirement

$5,000

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