Pacific Business Management

Pacific Business Management

Pacific Business Management has been in business since 2003, having settled millions in debt on behalf of their clients. PBM works with a variety of types of unsecured debts. They have slightly lower than average fees, charging just 18 to 21 percent of the debt enrolled, but lack critical accreditations that many consumers look for. Additionally, the company also has multiple websites with conflicting information and no information about its management.

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
#31 3.4 0.0 Current

The Good

  • Industry Experience
  • Works with a Variety of Debts
  • Pricing and Standard Features
  • Customer Service

Industry Experience

PBM was founded in 2003, which is average experience in the industry. On their website, the company claims they have helped thousands of people become debt free.

Works with a Variety of Debts

On its website, Pacific Business Management claims to work with the following unsecured debts:

  • Payday Loans
  • Student Loans
  • Credit Card Debt
  • Medical Debt

PBM also works to resolve business debt. If you are self-employed or are a business owner, the company claims they can completely get rid of your debt in a 'short period of time'.

Pricing and Standard Features

They don't shy away from offering a free consultation for customers and are willing to put their money where their mouth is by covering their agreement with a money-back guarantee. Overall, their top price is among the lowest in the industry, charging 18 to 21 percent of the debt enrolled. Many companies top price is set at 25 percent.

Customer Service

Pacific Business Management is available by phone 24/7, so you can call in and talk to a debt expert whenever you want. They are one of the only companies to offer this.

The Bad

  • Not an Accredited Company
  • Lack of Information
  • Has Up-Front Fees
  • Unclear Availability

Not an Accredited Company

Overall, PBM's drawbacks really boil down to a few things, the first being a lack of industry credentials. With a track record as long as PBM's, the lack of industry accreditations (such as IAPDA, AFCC, or FTC) is troubling, and begs the question of why the company is unable, or unwilling, to obtain these credentials, which would go a long way towards easing customers concerns they're working with a legitimate business.

Lack of Information

It is unclear what Pacific Business Management's minimum debt amount is. This is an important thing to know when considering debt settlement companies.

Has Up-Front Fees

The fact that PBM has up front fees (no matter how small they may be) is the biggest red flag. The FTC prohibits debt settlement companies from charging their clients upfront fees. Typically, debt settlement companies can't collect any money until they have settled at least one of your debts. Right on their website, Pacific Business Management says they charge a small upfront fee, which seems very sketchy to us.

Unclear Availability

Pacific Business Management has not disclosed which states it operates in. 

The Bottom Line

PBM may offer competitive pricing on their services, but the company is not accredited and charges upfront fees. We recommend you do not work with Pacific Business Management, or any company that will charge you an upfront fee (as this is something prohibited by the FTC).

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  • User Score

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    February 25th, 2017 Ogden, UT

    I entered into a PBM plan one year ago, not behind on any bills, but facing the certainty of being there quickly with a $1200.00 loss of income. One year later and 12 months of $400.00 payments, THEY tell me that I am not right for their program. When I look at my savings account with RAM that is where my payments have been going, there is NO MONEY. Ok to be fair $500.00. 10% of what I was saving was their. The rest was their FEES! Three lawsuits, THREE! Where are they now? They won't even give me a copy of my file so I can see what they did... 5K gone, and now facing a BANKRUPTCY, which is what I wanted to avoid! In speaking with an attorney he said "That is the worst program I have ever heard of!" Don't use these ripoff artists! SCAM!! SCAM!! SCAM!!!

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