Compare between DMB Financial and other vendors

Yes, DMB Financial is a legitimate company that has been in business since 2003. They are a member of the International Association of Professional Debt Arbitrators (IAPDA) and the American Association for Debt Resolution (AADR). Despite not being accredited by the Better Business Bureau (BBB), they hold an A rating from the organization. They are also affiliated with the Greater Beverly Chamber of Commerce (GBCC) and the North Shore Chamber of Commerce (NSCC). However, it is important to note that the company has faced regulatory action in the past, including charging unlawful fees to customers.

Using any debt settlement program, including those offered by DMB Financial, will likely negatively affect your credit score for several years. Given that payments are halted during negotiations, any missed payments and collections accounts will be reported, thus lowering your score.

To qualify for DMB Financial's debt relief program, you need to have at least $10,000 in unsecured debt, typically spread across at least two credit cards.

DMB Financial does not operate in all states, and their specific state availability is not clearly listed on their website. To determine if they provide services in your state, it is recommended to contact them directly for confirmation.

DMB Financial advertises that it takes up to 36 months.