Comments on: DMB Financial http://debtsettlementreviews.com/dmb-financial Reviews of Debt Settlement Companies Tue, 15 May 2012 08:47:16 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Chris Daugherty http://debtsettlementreviews.com/dmb-financial/comment-page-1#comment-912 Chris Daugherty Thu, 08 Sep 2011 14:29:20 +0000 http://debtsettlementreviews.com/?p=32#comment-912 Wow DMB really screwed me over! First they changed my debit date and failed to inform me. Then after "missing" the payment Discover voided the deal and has decided to take legal action. I called Ray Lake and he asked me to send documentation(e-mail apologizing for the unknown change, income verification, ect.) and he would take care of this. That was in December on 2010. I have called numerous of times and keep getting the same "he is in a meeting" response. Unfortunately the bank has put a hold on my account and I can't access my funds or pay my bills. What am I going to do??? Wow DMB really screwed me over! First they changed my debit date and failed to inform me. Then after “missing” the payment Discover voided the deal and has decided to take legal action. I called Ray Lake and he asked me to send documentation(e-mail apologizing for the unknown change, income verification, ect.) and he would take care of this. That was in December on 2010. I have called numerous of times and keep getting the same “he is in a meeting” response. Unfortunately the bank has put a hold on my account and I can’t access my funds or pay my bills. What am I going to do???

]]> By: S177a5ga http://debtsettlementreviews.com/dmb-financial/comment-page-1#comment-868 S177a5ga Mon, 13 Jun 2011 22:46:37 +0000 http://debtsettlementreviews.com/?p=32#comment-868 In 2005 we signed up with DMB... 1st mistake... 2nd was we were instructed to stop paying our creditors...3rd mistake we completed the program 2009 and our credit report is negative (which they promised to clear up when completed with the program). The creditors we paid and all the interest was not worth it. I tried to call DMB and email them several times within the last 2 years and even spoke with a couple of reps and explain to them that my credit report is negative because of the program and they are not doing a damn thing about it. Also the crediotrs we paid had sent that account to other agencies to try and collect and now they are trying to collect the amount saved. I do believe this is a scam since now we have bad credit and still have creditors trying to collect the money that was so called wrote off still an outstanding debt... DO NOT SIGN UP WITH THEM....TALK DIRECTLY TO YOUR CREDITOR AND ARRANGE IT WITH THEM PERSONALLY OR FILE BANKRUPTCY WHICH IS BETTER... In 2005 we signed up with DMB… 1st mistake… 2nd was we were instructed to stop paying our creditors…3rd mistake we completed the program 2009 and our credit report is negative (which they promised to clear up when completed with the program). The creditors we paid and all the interest was not worth it. I tried to call DMB and email them several times within the last 2 years and even spoke with a couple of reps and explain to them that my credit report is negative because of the program and they are not doing a damn thing about it. Also the crediotrs we paid had sent that account to other agencies to try and collect and now they are trying to collect the amount saved. I do believe this is a scam since now we have bad credit and still have creditors trying to collect the money that was so called wrote off still an outstanding debt… DO NOT SIGN UP WITH THEM….TALK DIRECTLY TO YOUR CREDITOR AND ARRANGE IT WITH THEM PERSONALLY OR FILE BANKRUPTCY WHICH IS BETTER…

]]> By: Bob Faulkner http://debtsettlementreviews.com/dmb-financial/comment-page-1#comment-635 Bob Faulkner Mon, 15 Nov 2010 03:12:21 +0000 http://debtsettlementreviews.com/?p=32#comment-635 At about the time we were pondering filing bankruptcy due to the permanent loss of one of our two incomes, we got a post card solicitation from DMB Financial. We enrolled in the program, which was the biggest mistake we ever made. We had numerous creditors and owed a substantial amount of money. The advice the company gives you about recording (on paper) calls from creditors and talking to them about the Fair Credit Reporting Act has no impact on creditors and how often they call you. DMB doesn't settle with anybody until you have all the money on hand with them, which means that some creditors wait an incredibly long time to be paid. They settled three accounts for us, wiping out a savings account that had about $10K in it when we started. They were continually asking for extra money and early payments because of "limited time" settlement offers (despite the fact we were already sending them in excess of $1K per month). After 11 months in the program two of our creditors got tired of waiting and sued us. This is when DMB showed their true colors. They immediately bailed on us and advised us to file bankruptcy - which they assured us all along that we would not have to do. Had we just filed bankruptcy from the beginning, we would still have the money in our savings account, our monthly payments to the court would be lower and we would be a year closer to final resolution. If reading this keeps one person or family from making the mistake we did, it will have been worth it to write it. At about the time we were pondering filing bankruptcy due to the permanent loss of one of our two incomes, we got a post card solicitation from DMB Financial. We enrolled in the program, which was the biggest mistake we ever made. We had numerous creditors and owed a substantial amount of money. The advice the company gives you about recording (on paper) calls from creditors and talking to them about the Fair Credit Reporting Act has no impact on creditors and how often they call you. DMB doesn’t settle with anybody until you have all the money on hand with them, which means that some creditors wait an incredibly long time to be paid. They settled three accounts for us, wiping out a savings account that had about $10K in it when we started. They were continually asking for extra money and early payments because of “limited time” settlement offers (despite the fact we were already sending them in excess of $1K per month). After 11 months in the program two of our creditors got tired of waiting and sued us. This is when DMB showed their true colors. They immediately bailed on us and advised us to file bankruptcy – which they assured us all along that we would not have to do.

Had we just filed bankruptcy from the beginning, we would still have the money in our savings account, our monthly payments to the court would be lower and we would be a year closer to final resolution. If reading this keeps one person or family from making the mistake we did, it will have been worth it to write it.

]]> By: Debt Settlement Reviews http://debtsettlementreviews.com/dmb-financial/comment-page-1#comment-353 Debt Settlement Reviews Tue, 03 Aug 2010 14:29:41 +0000 http://debtsettlementreviews.com/?p=32#comment-353 @Chris - I edited out the last 4 of your phone number for privacy. You should call DMB directly as they are not affiliated with this site and probably do not check it very often. @Chris – I edited out the last 4 of your phone number for privacy. You should call DMB directly as they are not affiliated with this site and probably do not check it very often.

]]> By: Chris Sarracino http://debtsettlementreviews.com/dmb-financial/comment-page-1#comment-350 Chris Sarracino Tue, 03 Aug 2010 03:39:15 +0000 http://debtsettlementreviews.com/?p=32#comment-350 Message for Anthony Lauria, or Erin ?. Please give me a call ASAP regarding our next payment. Thanks 505-250-xxxx Message for Anthony Lauria, or Erin ?. Please give me a call ASAP regarding our next payment. Thanks 505-250-xxxx

]]> By: GABRIEL ARROYO http://debtsettlementreviews.com/dmb-financial/comment-page-1#comment-155 GABRIEL ARROYO Tue, 18 Aug 2009 10:27:40 +0000 http://debtsettlementreviews.com/?p=32#comment-155 I DONT LIKE THE UPFRONT FEE PLUS THE 25% THY TOOK FOR THEMSELF THE FIRST 2 MONTHS OF 675 TOTAL 1350 SOMEWHAT DISONEST. I DONT LIKE THE UPFRONT FEE PLUS THE 25% THY TOOK FOR THEMSELF THE FIRST 2 MONTHS OF 675 TOTAL 1350 SOMEWHAT DISONEST.

]]> By: Sarah Bristol http://debtsettlementreviews.com/dmb-financial/comment-page-1#comment-79 Sarah Bristol Wed, 07 Jan 2009 23:12:48 +0000 http://debtsettlementreviews.com/?p=32#comment-79 I was struggling with my credit card payments since 1993-1994. It became really hard to pay my bills because my husband lost his job and older son went to college. I found DMB financial online and called their office. I decided to try their services. My debt was settled. It went down from 65 000 to less than 20 000. I was struggling with my credit card payments since 1993-1994. It became really hard to pay my bills because my husband lost his job and older son went to college. I found DMB financial online and called their office. I decided to try their services.
My debt was settled. It went down from 65 000 to less than 20 000.

]]> By: w baynard http://debtsettlementreviews.com/dmb-financial/comment-page-1#comment-27 w baynard Sat, 16 Aug 2008 20:44:03 +0000 http://debtsettlementreviews.com/?p=32#comment-27 I have over 160K in credit card, line of credit and unsecured debt. The majority, or about 120K is in credit card debt. In reviewing Debt Settlement Companies, yours came highly rated by an online review company. I would like to do business with your company, but I have a serious issue with the 25% fee amount. If that were in the 10 to 15 range, we could talk. Also, I may have some life insurance proceeds in the near future; therefore, if I could pay off all the debts at their reduced negotiated fee in a short time period, say, the next 3 months, would that reduce the fees? I have over 160K in credit card, line of credit and unsecured debt. The majority, or about 120K is in credit card debt.

In reviewing Debt Settlement Companies, yours came highly rated by an online review company. I would like to do business with your company, but I have a serious issue with the 25% fee amount. If that were in the 10 to 15 range, we could talk. Also, I may have some life insurance proceeds in the near future; therefore, if I could pay off all the debts at their reduced negotiated fee in a short time period, say, the next 3 months, would that reduce the fees?

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