Debt can feel overwhelming—but the good news is, you don’t have to face it by yourself. With the right support, finding your way back to financial peace is possible. One company that offers help in this space is DMB Financial. In this guide, we’ll walk you through what DMB Financial does, how their debt relief programs work, and what real customers have to say. By the end, you’ll have a better sense of whether their services might be a good fit for your financial journey.

What Is DMB Financial?

DMB Financial, established in 2003, is a debt relief company headquartered in Beverly, Massachusetts. Specializing in debt settlement, the company aims to help individuals reduce their unsecured debts through negotiation. Over the years, DMB Financial has built a reputation for managing over $1 billion in debts for more than 30,000 clients. Their mission is to provide customized solutions to help clients regain control of their finances.

The company primarily focuses on unsecured debts, such as credit cards, personal loans, and medical bills, working directly with creditors to settle these debts for less than the original amounts owed.

DMB Financial Cost

According to a review from BestCompany.com, DMB Financial typically charges a fee of 18% to 25% of your total enrolled debt. While this falls within the industry average of 15% to 25%, it’s worth noting that DMB’s minimum fee is slightly higher than some competitors.

The good news? DMB Financial doesn’t charge any upfront fees, which is in line with industry best practices and ensures you won’t pay until services are rendered. (This information was last updated as of July 10, 2023.)

How Does DMB Financial Work?

DMB Financial employs a step-by-step process to help clients address and resolve their debts. Here’s how their program works:

• Initial Consultation:
  DMB Financial begins with a free consultation where potential clients discuss their financial situation with a representative. This step allows the company to evaluate the client’s debt levels and financial goals.

• Enrollment in a Debt Settlement Program:
  After the consultation, clients who qualify can enroll in a customized debt settlement program. This program is tailored to fit their specific needs and budget, focusing on reducing monthly payments while saving for settlements.

• Setting Up a Savings Account:
  Clients are required to deposit a set amount into an FDIC-insured savings account each month. This account is used to accumulate funds for negotiating with creditors.
  

• Negotiation and Settlement:
  Once enough funds are saved, DMB Financial negotiates directly with creditors to settle debts for less than the owed amount. Each settlement is approved by the client before funds are released.

• Completion:
  The program typically lasts between 36 and 48 months, depending on the amount of debt and the savings rate.

While DMB Financial’s approach may help reduce what you owe and simplify your payments, it’s important to weigh the program’s costs and understand how the process works before committing.

DMB Financial Reviews

Customer reviews offer valuable insights into a company’s reliability and performance. Here’s a breakdown of DMB Financial’s ratings across different platforms:

Better Business Bureau (BBB)

DMB Financial has an average of 4.83 stars on BBB, here is some feedback:

• Positive Review: “DMB Financial are a joy to work with, the process is seamless, and they are lifesavers.”

• Positive Review: “Great and professional and made this journey well worth it – would easily recommend to anyone.”

• Negative Review: “The fees are ridiculously high. I regret signing up with them.”

Google Reviews

This Google score is similar to that of the BBB, which means that there is a high level of satisfaction.

• Positive Review: “I must say that my experience with DMB was great! They have been most professional and helpful in helping me to accomplish an awesome debt consolidation program with them.”

• Positive Review: “The people at DMB have been so helpful! They respond quickly to any questions I have and are always willing to help.”

• Negative Review: “When I entered the program they made me understand that in six months they would negotiate my debt and what has happened is that every day I receive calls from my creditors because they do not have the capacity to negotiate and pay my debts for me.“

Yelp Reviews

There are more mixed reviews on Yelp, let’s look at some of them:

• Positive Review: “DMB is amazing. Used them when I accumulated debt that weren’t originally my own, and they relieved my stress and anxiety immensely. The staff is top tier! Highly recommended.”

• Mixed Review: “What was supposed to be a 4 1/2 year pay off for all of our bills, as promised, turned into 5 1/2 years. I also lost track of all the different agents we had in that time frame”

• Negative Review: “Very poor communication. I think they have a “revolving door” of employees. That’s never good.”

While experiences with DMB Financial vary, many clients highlight successful debt reduction and helpful support, while others mention communication gaps or slower-than-expected progress. As with any financial service, results can differ depending on personal circumstances, so it’s wise to consider both the positive outcomes and the concerns shared by others.

DMB Financial Pros And Cons

Choosing a debt relief company is a big decision, and understanding both the benefits and potential drawbacks can help you make the best choice for your situation. Here’s a quick overview of what people are saying and what to keep in mind:

Pros	Cons
Can significantly reduce enrolled debt	Some clients report delays in communication
No upfront fees required	Fees may be higher than some competitors
Offers personalized debt resolution plans	Settlement process can take time
Works with a variety of unsecured debt types	Not available in every state
Many reviews praise knowledgeable staff	Results may vary depending on individual cases

Conclusion: Is This Company the Right Choice?

DMB Financial has a strong track record of helping clients reduce unsecured debts. Their structured approach, combined with positive reviews on platforms like BBB and Google, indicates they are a reliable option for debt settlement. However, some clients have raised concerns about communication and high fees.

If you’re considering DMB Financial, it’s essential to weigh the pros and cons carefully. Alternatively, CuraDebt offers a broader range of services, including tax debt relief and business debt management. With a free consultation, personalized programs, and a commitment to client success, CuraDebt may be the ideal partner for your financial journey.

Don’t wait—take the first step toward financial freedom with CuraDebt today!