DMB Financial

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DMB Financial has successfully managed over $1 billion of debt for its clients during the 14 years it has been in business. Available in 49 states, it brings a lot of experience to the table. The company is accredited with the AFCC and the IAPDA, which is helpful to consumers looking for a company they can trust. It is also the only debt relief company listed on the INC. 5000 list.

Rank Chart Our Score User Score
#1 9.2 8.7 Read Review
#2 9.0 9.7 Read Review
#3 8.9 9.8 Read Review
#7 6.2 9.5 Current

The Good

  • Available in 49 States
  • Helpful Services
  • Industry Accreditations
  • Great Reviews

Available in 49 States

DMB is one of the few debt settlement companies available in nearly every state, making them an option for many more customers than some of their competition. This also shows a long-term commitment to the industry.

Helpful Services

DMB Financial works with clients to establish a budget plan by organizing monthly expenses, income accounts, long-term savings, employment status, stress levels, and any past due credit card payments. The company strives to find a number that is both lower than current payments and wide enough to build a program that will help the individual out of debt. Every client is assigned a Client Services Rep throughout the entirety of the program. This representative can answer questions or concerns throughout the settlement process. 

Typical clients have seen over 50 percent of their debt written off in as little as 36 months. Additionally, the company offers a "refer a friend" program where the person who refers another person who also signs up will receive a $200 award. The client can use this toward the settlement or keep the cash. Finally, DMB does not charge any fees until a settlement is reached.

Industry Accreditations

Many customers 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. 

Great Reviews

Customer reviews seem to indicate that the company takes care of its clients, both in terms of customer support and in services rendered. Additionally, it is worth noting that Forbes Magazine recognized DMB as a “Top Debt Professional”.

The Bad

  • High Minimum Debt
  • Higher Minimum Fee

High Minimum Debt

DMB Financial requires a minimum debt of $15k. This is higher than many competitors; the industry average is $7.5k to $10k. 

Higher Minimum Fee

The average fee in the debt settlement industry is 15 to 25 percent of enrolled debt. DMB Financial charges 18 to 25 percent, which is a slightly higher minimum fee than most competitors. 

The Bottom Line

DMB Financial is accredited with the AFCC and the IAPDA and is available in 49 states. The company does not charge any fees until a settlement is reached. However, the company requires a high minimum debt, therefore consumers with less than $15k in debt will need to look for other companies. In addition, its minimum fee is higher than some competitors.  We suggest consumers compare other companies to determine if DMB Financial is right for their needs.

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4 DMB Financial Reviews

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  • User Score

    9

    August 18th, 2017 Louisville, KY

    I asked a lot of questions and received the answers. Nick took his time helping me to understand and feel comfortable.

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    1 0
  • User Score

    9

    August 16th, 2017 Knightdale, NC

    Anthony provided superior customer service and active listening to aid with a customized plan.

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    2 0
  • User Score

    10

    July 25th, 2017 Orlando, FL

    absolutely helpful, and very explanatory.

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    1 0
  • User Score

    10

    August 28th, 2015 Beverly, MA

    I was referred to DMB by a friend of mine who went through their program and was very happy she said. I was very skeptical but willing to give them a shot especially after speaking with them and finding out that I didn't have to pay anything up front. I ended up settling my credit cards - one for 50% of what I owed and the other two for around 40%. The staff was VERY helpful and answered all of my questions - which I had a ton. I strongly recommend them to anyone who debt problems.

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    7 1