DMB Financial touts over 50 years of combined experience in the debt industry. This means that among the owners and management, 50 years can be counted as the duration of time that has been accumulated.

Their website has good, solid information about debt and why debt settlement should be chosen over other forms of debt relief.

Quick facts about DMB Financial:

Founded in: 2003

Years in Business: 6

Number of employees: 94

BBB Rating: D-

BBB complaints: 21 in the last 36 months, 16 were resolved, 5 were administratively closed

Free Information: From their website you will discover an adequate amount of helpful information.

Escrow or Payment Plan Available: Yes, there is an escrow account set up in your name, but access to that account is shared with DMB Financial.

Source of Funds: Monthly payments by you.

Fee Structure: 25% of settled amount, then there is a $30 per month administration fee that is paid until the program is completed. Also, there are two monthly enrollment fees that are paid early in the program.

Avg Settlement: Not disclosed.

Refund Policy: Not disclosed.

About the Company

DMB Financial is based in Beverly Massachusetts and has been in business since 2003.

Beginning the Process

Contact them via their toll-free number or by filling out their web form for more information and a free consultation.

Types of Debt Serviced

Unsecured only.

Worth Noting

You must have a minimum of $10,000 in order to qualify for the program. Setting a baseline amount like this insures that these debt settlement companies get a high amount of fees to fund their program.

Program Caution and Your Responsibilities

The number of BBB complaints should motivate you to check them out thoroughly and make sure that you know what your responsibilities are when you sign up for their program.

Will Debt Collectors Still Call?

Reduced and stopped with their assistance.

Other Information

This is yet another debt settlement company that has the fee based upon the amount saved in debt settlement activities. But the fact that the percentage is lower (only 25, versus higher for others), this helps keep your fees lower than if you were to pay on the total amount that is enrolled into the program. Also, your fees are stretched out over 18 months which helps your budget.

DMB Financial appears to be a good debt settlement company even with the 21complaints. Keep in mind that just because a complaint has been lodged with the BBB, that does not automatically mean that the company is at fault. Sometimes clients exhibit poor judgment, and fail to follow rules and procedures, but refuse to admit fault.