Debt Relief
Top Companies in 2024
DMB Financial vs Elite Financial Services
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- Free consultations
- User-friendly client portal
- Prevent collection calls
- Relatively short settlement timeframe
- Free debt analysis
- Gave you access to your progress in real-time
- Fee structure not disclosed
- Limited state availability
- Limited variety in debt relief options
- No mobile app
- Were available in only 21 states
- Pricing information not transparent
- $10,000 minimum debt required
Founded in 2003 and headquartered in Beverly, Massachusetts, DMB Financial is a debt relief company with a track record of settling the unsecured debt of over 30,000 people and managing more than $1 billion in debt through their Financial Guardian Program. They hold memberships in the International Association of Professional Debt Arbitrators (IAPDA) and the American Association for Debt Resolution (AADR) and maintain an A rating from the Better Business Bureau (BBB). Many praise them for their personalized approach to debt settlement and their effective negotiation strategies. The company is also known for their user-friendly client portal and dedication to minimizing creditor harassment. Want to know whether they’re the debt relief company you’re looking for? Read this review!
Elite Financial Services, a debt relief company located in Beverly, Massachusetts, is no longer in operation. According to the Better Business Bureau and customer reviews on Yelp, the company has ceased its services, with an inactive and insecure website. Before their closure, Elite Financial Services provided debt settlement and consolidation solutions and aimed to help clients become debt-free within 12-36 months. The company was accredited by the International Association of Professional Debt Arbitrators and a member of the American Fair Credit Council. However, their services were only available in 21 states.
- Credit Score Impact : Program may lower score temporarily
- Average Net Savings : 48%
- BBB Rating : A
- Fees : Undisclosed
- Timeframe : 36 months
- Trustpilot Score : N/R
- Customer Experience : Good
- Credit Score Impact : May impact
- Average Net Savings : Up to 45-60% of debt, before fees
- BBB Rating : N/R
- Fees : 15% to 25% of total enrolled debt
- Timeframe : 12-36 months
- Trustpilot Score : N/R
- Customer Experience : Poor
- Reduced collection calls
- User-friendly client portal
- Industry-wide accreditations
- Multiple debt relief options were handled
- AFCC member
- Bankruptcy Counseling
- Consolidation Loans
- Credit Card Debt Relief
- Credit Counseling
- Debt Consolidation
- Debt Counseling
- Debt Management Plans
- Debt Settlement
- Loan Refinancing
- Bankruptcy Counseling—Undisclosed
- Consolidation Loans—Undisclosed
- Credit Card Debt Relief
- Credit Counseling
- Debt Consolidation
- Debt Counseling
- Debt Management Plans—Undisclosed
- Debt Settlement
- Loan Refinancing—Undisclosed
- Collection Accounts—Undisclosed
- Credit Card Debt
- Medical Bills—Undisclosed
- Personal Loans—Undisclosed
- Private Student Loans—Undisclosed
- Professional Bills—Undisclosed
- Secured Debts
- Collection Accounts—Undisclosed
- Credit Card Debt
- Medical Bills—Undisclosed
- Personal Loans
- Private Student Loans
- Professional Bills—Undisclosed
- Secured Debts
- Cash
- Escrow/Savings Bank Account
- Major Credit Cards
- Cash—Undisclosed
- Escrow/Savings Bank Account
- Major Credit Cards—Undisclosed
- In Office
- Live Chat
- Mobile Application
- Phone
- Ticket
- In Office
- Live Chat—Undisclosed
- Mobile Application—Undisclosed
- Phone
- Ticket—Undisclosed
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