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
Fee
Debt Requirement
Our Score
#1
15-25%
$7.5k
9.3
#2
15-25%
$10,000
9.3
#3
15-25%
$7.5k
8.9
#22
Pacific Business Management Reviews | BestCompany.com
18-21%
Undisclosed
3.9

The Good

  • Charge 18 to 21 percent of total debt enrolled (low cost for settlement)
  • Money back guarantee if you cancel before any of your accounts are paid

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 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

  • No IAPDA or AFCC accreditations (major industry organizations)
  • Unclear availability
  • Lack of information

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 UpFront 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.

Want to know which debt settlement companies are top rated? Click here

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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Frequently Asked Questions

How Much Does Pacific Business Management Cost?

Pacific Business Management charges 18 to 21 percent of the amount of debt enrolled.

Can I Get a Free Consultation?

Yes, Pacific Business Management offers a free consultation.

What Types of Debt Does Pacific Management Work With?

They deal with unsecured debts. This is fairly standard for the industry. Four types of debt the company specifically mentions are credit card debt, medical debt, medical debt, and payday loans.

What Is the Minimum Debt Amount I Can Sign Up With?

Pacific Business Management has not disclosed this information.

More Information

About Pacific Business Management

Pacific Business Management was established in 2004 by an unknown party. The company is still run by unknown management and appear to have several websites that focus on debt resolution. In addition to offering debt settlement services, the company offers credit restoration free to their customers. Pacific Business Management is one of the only debt settlement companies our experts have found to have up front costs.

Price

You will pay a fee of 18 to 21 percent of the total debt you enroll.

Account Set-Up

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

Accreditations

  • AFCC accredited: No
  • IAPDA accredited: No

Time in Business

2004

Minimum Debt Requirement

Undisclosed

Available States:

Undisclosed

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