DMB Financial has been providing debt settlement services for over 15 years, saving customers a small fortune in that time. They have decades of combined experience, with some of the most skilled debt professionals on staff, and they also happen to be one of the highest rated settlement companies we have covered.

DMB Financial

About DMB Financial

DMB Financial was founded in 2003 and claim to have eradicated over $1 billion worth of debt in that time. They have won many awards and received a lot of acclaim over the years, ranking as one of the very best debt settlement companies in the United States.

DMB Financial offer their services to customers in 26 states and they are based in Beverly, MA.

The Services

DMB Financial provide debt settlement programs for unsecured debt. In order to qualify you need to have at least $10,000 worth of debt, in which case you just need to go through their free consultation and then see how they can assist you.

The Employees

DMB Financial foster a very friendly environment and we have heard nothing but good things from employees. This isn't always the case, even with companies that are otherwise very highly rated (such is the case with Navicore Solutions) so it's a refreshing change to see here. They hire over 50 employees and make sure they fully train their staff in all aspects of debt settlement.

Our DMB Financial Review

Now that we have covered the basics it's time to take a closer look at DMB Financial. We asked our team of skilled and experienced reviewers to study the site and this is what they had to say.

The Good


DMB Financial have a lot of things to be proud of where their debt settlement program is concerned. For one, they are 100% performance based, which means they only charge the client money when an account is settled. Of course, this is how all debt settlement programs should operate because of an FTC law, but there are still many who flout this law.

However, there is a big negative here and that's the fact that there is a $34.95 monthly administration fee that is charged. A little later on we'll discuss the reasons why this is much more of a problem than you'd think.

DMB Financial work closely with customers to create a budget plan that details each of their monthly expenses and income accounts, as well as everything from long-term savings, job prospects, family accounts, bills, stress management, credit card payments, and everything else that accounting for. This helps the customer to get a complete and detailed analysis of their situation, which in turn allows them to better understand where they are, where they are heading, and what assistance they require.


The aim of DMB Financial and their skilled staff is to reduce monthly payments and help the customer to better manage their finances going forward. DMB claims to have gotten clients a 50% reduction in debt in as little as 36 months, and their goal is to clear all debts for all clients within 48 months.

In the case that a client requires more than 48 months, they must be approved by the owners, and this is determined on a case-by-case basis.  Unsecured debts may be enrolled and the rate charged by the company will be wrapped up into one monthly payment made to one US bank account, which is set up by the client and maintained by a third party.

The payment will be drafted from the bank account each month on a date agreed upon by the clients and DMB.

DMB Financial Help

No Minimum Amount of Debt

There is no minimum amount of debt required to qualify for DMB, but they will vary on a case-by-case basis. Clients can enroll from anywhere between $10,000 and $150,000. DMB offers a $1,000 guarantee in the case that an enrolled debt does not become settled. Clients are also given a piece of mind knowing they can opt out of the program at any time with incurring any fees. In this case, any money accrued into the separate bank account will go directly back to the client.

Free Consultations

Free consultations are always a welcome sight and are used to coax clients in. In the case of DMB Financial, they are offered through their toll-free number, which can be called directly, or by filling out a form that can be found on the DMB Financial website. If you choose to submit your personal information, a representative will call shortly after to talk about debt relief options and discuss if you can qualify for the program, or if there are better options out there for you.

DMB Financial also has a “refer a friend” program where a client can receive $200 if they get a friend to enroll in a program. This money can be used as pocket cash or put toward their bank account balance.

Highlights of DMB Financial

  • They can reduce debts by 50% or more per account
  • They have over 10 years of experience to count on
  • They are accredited by the AFCC
  • There is a $1,000 guarantee
  • They have CPA’s and tax consultants on staff

The Bad

Debt relief has some inherent risks, and these should not be ignored. No matter what option is taken, there will be some adverse consequences, and this is no different where debt settlement programs are concerned. One of the issues we have with this company and the service they offer concerns the monthly fee. You could be forgiven for thinking that it saved you money in the long-term, reducing the percentage that they take at the end and ultimately saving you money, but there is another issue.

If you are paying them nearly $35 a month regardless of whether they clear debts or not, what incentive do they have to clear those debts? You're incentivizing them to be as slow as possible, and that is never a good thing. On the plus side, DMB Financial also will not keep clients longer than 60 months due to the fact that the risk of litigation is too strong. DMB also does not provide much educational support to help customers get and stay out of debt.

DMB Financial Review

The Bottom Line

DMB Financial has been listed in Forbes Magazine as the “Leading Debt Provider” twice since 2010. That's an impressive statistic in anyone's book and something that many of the companies we cover, from OORAA to Superior Debt Relief, are unable to claim.

This gives DMB Financial some credibility in addition to their 10 years of experience in the market. Our team of reviewers was also very pleased with the $1,000 guarantee in the case that their debt does not get settled, giving clients some peace of mind and providing some much needed stability.

Although the company lacks financial literacy resources and isn’t very clear with their enrollment requisites, we do recommend taking advantage of the free consultation and taking a closer look at their prices and requirements. Simply put, DMB Financial are one of the highest rated settlement programs on this website and they deserve every one of those positive ratings.