Like many other companies in the debt relief space, DMB Financial promises to help you get out of debt using a process called debt settlement. When you sign up for debt settlement, you’ll be asked to stop making payments on credit cards, medical debts, and other debts you have. Instead, you’ll be asked to deposit a set amount of money into a FDIC-insured savings account. Once you have enough money in your account to settle your debts, DMB Financial will get to work and negotiate your debts down on your behalf.
Where some debt settlement companies claim to help you out of debt in as little as 12 to 24 months, DMB Financial says their process typically takes 36 to 48 months. They also fail to disclose their fees, and they don’t adverti…
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