152 Conant Street
Beverly, MA 01915
Other Business Names: DMB Financial
Summary of Business: Debt Settlement, Debt Negotiation, Debt Consolidation
Number of BBB Complaints as of 6/17/08: 21
Members of BBB: No
BBB Report
Business Start Date: 2003
Number of Employees: 90
Trade Organization Memberships: TASC (Trade Association of Settlement Companies)

Number of Clients Since Inception: 9,000 (according to DMB Finance website)

Fees

What is the total fee for the program?

The fee includes 2 monthly enrollment fees. The client also agrees that DMB Financial is entitled to a fee in the amount of twenty five percent (25%) of the difference between the creditors claim (debt) amount and the amount negotiated by DMB Financial. There is also a nominal monthly administration fee of $29.95, which is included in the monthly savings amount for every month that the Client is enrolled in the program

Over how many months is the fee paid?

18-19 months

Do you have a set up fee?

Yes-2 down payments

Do you have a money back guarantee?

N/A

Do you charge a fee based on how much I save?

N/A

Eligibility

What type of debt do you work with?

Most unsecured debt

What is the minimum total unsecured debt one must have in order to qualify?

$10,000.

Does a client need to include all of their unsecured debt in the plan?

N/A

Creditor Calls

Do you send a Power of Attorney to notify the creditors that a client is enrolled in your program right away?

N/A

Do you send a Cease & Desist letter to my creditors?

N/A

Can I change my phone number & address to your company�s phone number and address?

N/A

Do you have a consumer advocacy group help me with calls?

N/A


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(Disclaimer: In no way should this be construed as a formal statement made by the company about the services it offers. Moreover, although an effort has been made to keep this information up to date and accurate, in no way is this a comprehensive overview of the company profiled. For complete information, please contact a representative from this company.)

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