![]() You can call during its hours of operation: If you’d prefer to talk on the phone, you can also call DMB Financial to begin your application at 86.įinally, you can email the company at ServiceĭMB Financial has a few different options for customer service, however it does not offer an app or online chat function. From here, you’ll work with the consultant to create a plan that fits your needs. Once submitted, your application will be reviewed and a consultant will contact you. You’ll need to provide your personal information, including your name, address, income, and your debts. There are two different methods to getting started with DMB Financial. DMB Financial works with credit card issuers to reduce the total amount you owe to help you pay off your debt. Carrying high-interest debt from month to month can increase your debt quickly as the interest compounds. The lower your credit score, the higher your credit card interest rate is likely to be. Interest rates for credit cards can vary greatly. Unsecured loans can include personal loans, medical debt, utility bills, and credit card debt. DMB Financial, like most debt settlement companies, only works with unsecured loans. As a result of their higher risk, unsecured loans tend to have higher interest rates than secured loans. ![]() Unsecured loans are not backed by assets like your house or car to minimize losses to the lender in the event you can’t pay back the loan. Company accused of charging unlawful fees: In May 2021, the Consumer Financial Protection Bureau (CFPB) accused DMB Financial of charging unlawful fees and providing improper disclosures.ĭMB Financial’s website doesn’t include much information about the types of debt that it addresses, but it does say it covers unsecured loans and credit card debt, the latter of which is a form of unsecured debt.No satisfaction guarantee: Unlike some other debt relief companies, DMB Financial doesn’t offer a satisfaction guarantee.You will need to contact the company during its hours of operation. Minimal customer service options: The company does not have an app, online chat, or 24-hour customer service, so you’ll have fewer resources for getting into contact with DMB Financial.Fee structure not disclosed: DMB Financial doesn’t disclose how much it will charge you for its services.Streamlined debt reduction: Using a debt relief program makes repayments easy by combining them into a single monthly payment.No impact to your credit score with application: Unlike a debt consolidation loan, which uses your credit score to determine approval, DMB Financial doesn’t pull your credit reports when you apply.Free consultations: DMB Financial doesn’t charge you for your application, nor the time it takes to review and discuss your options.
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