DMB Financial
DMB Financial is a US-based debt settlement company founded in 2003 that negotiates reductions in unsecured credit card balances for individual consumers via fee-based programs funded by FDIC-insured client savings accounts.
- Company typePrivate
- Founded2003
- HeadquartersBeverly, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What DMB Financial does
DMB Financial is a US-based specialty financial services company founded in 2003 and headquartered in Beverly, Massachusetts. The company focuses exclusively on debt settlement and debt relief services for individual consumers struggling with unsecured credit card and revolving debt. It operates as a private LLC with a 101-250 employee base and has, by its own reporting, helped more than 30,000 consumers manage over $1 billion of debt since inception.
The core offering is a single Debt Settlement Program structured around four steps: a free, no-obligation consultation with a certified Program Consultant; design of a customized debt restructuring plan; monthly client deposits into a dedicated FDIC-insured savings account controlled by the client; and creditor negotiations that, on success, reduce outstanding balances. The technology stack is modest but functional: an SSL-encrypted intake website, online application forms, a secure client login portal, and dedicated FDIC-insured client savings accounts. Process differentiation rests on a "Consumer-First Debt Restructuring Methodology" developed by co-founder Daniel Kwiatek drawing on his prior collections-industry experience, plus regulatory contributions from co-founder Matthew Guthrie (a licensed attorney) to TASC, the predecessor to the AFCC, on FTC rule-making for the debt relief industry.
DMB runs a sales-led, direct-to-consumer go-to-market with certified Program Consultants and dedicated client services representatives available via two toll-free numbers (866-384-6232, 833-998-0929) and email, supported by a website funnel, organic social channels (Facebook, X, LinkedIn), customer testimonials, and a tiered client referral program ($50 to $200 Visa Gift Cards based on referred-client debt level). Revenue is generated through transaction fees tied to successful debt settlements. Trust signals emphasized in marketing include an A+ Better Business Bureau rating, AFCC accreditation, and IAPDA membership. Geographic reach is US-only with Georgia explicitly excluded from operations.
DMB Financial firmographics
Firmographics- Name
- DMB Financial
- Legal name
- DMB Financial, LLC
- Website
- https://dmbfinancial.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- DMB Financial is a US-based debt settlement company founded in 2003 that negotiates reductions in unsecured credit card balances for individual consumers via fee-based programs funded by FDIC-insured client savings accounts.
- Ownership category
- akta.pro rank
DMB Financial industry classification
Industry- Product category
- Debt Relief Services
- NAICS
- Activities Related to Credit Intermediation (5223)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Debt Settlement / Negotiation Programs (Non-loan) (FSAKAIAK)
Keywords
Where DMB Financial is headquartered
LocationHeadquarters
- HQ city
- Beverly
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
DMB Financial business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Debt Settlement Services: DMB Financial generates revenue by negotiating debt settlements on behalf of clients. Clients make monthly deposits into a dedicated savings account, and as funds accumulate, DMB contacts creditors to negotiate reductions in balances owed. The company works with clients to restructure debt based on terms they can afford, charging fees for successful debt resolution services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | One time | Free initial consultation |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
DMB Financial product offering
Product offeringCore offering
DMB Financial provides consumer debt settlement and debt restructuring services for individuals struggling with unsecured credit card and revolving debt. Clients enroll after a free consultation, make monthly deposits into a dedicated FDIC-insured savings account, and the company negotiates settlements with creditors to reduce outstanding balances. The company charges fees on successfully settled debt and has helped more than 30,000 consumers manage over $1 billion in obligations since its 2003 founding.
Product overview
DMB Financial offers a single, unified debt settlement and debt relief program service. The core Debt Settlement Program guides consumers through a structured four-step process: (1) a free financial consultation to assess their situation, (2) creation of a customized debt restructuring program, (3) monthly deposits into a dedicated FDIC-insured savings account, and (4) negotiated settlements with creditors to reduce balances owed. The company specializes exclusively in unsecured credit card and revolving debt, helping consumers avoid costly unsecured loans and reduce total repayment amounts.
Differentiator
Problem solved
Functional benefit
Products and services
- Debt Settlement Program
Companies that use DMB Financial
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
DMB Financial technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
DMB Financial partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Better Business BureaucoreDMB Financial holds an A+ rating with the Better Business Bureau and is an accredited member. Hundreds of clients have lauded the company's professional services through BBB reviews. The BBB rating serves as a key trust signal for prospective clients seeking debt relief services.
- American Fair Credit Council (AFCC)coreDMB Financial is an accredited member of the American Fair Credit Council, an industry organization for debt relief companies. The AFCC works with the FTC in defining rules and regulations governing the industry. Matt Guthrie, co-founder, contributed to industry standards through TASC (predecessor to AFCC) work with the FTC.
- International Association of Professional Debt Arbitrators (IAPDA)minorDMB Financial is a member of IAPDA, an organization supporting professionals in the debt arbitration industry.
- Dana-Farber Cancer Institute / Jimmy FundminorDMB Financial is a proud supporter of the Dana-Farber Cancer Institute and Jimmy Fund, along with other local charities including Lazarus Ministries.
- North Shore ChamberminorDMB Financial is a member of the North Shore Chamber, a regional business organization in Massachusetts.
- Greater Beverly Chamber of CommerceminorDMB Financial is a member of the Greater Beverly Chamber of Commerce, supporting local business community in Beverly, MA.
Scale indicators5 records
Recent moves4 records
Expansion highlights3 records
DMB Financial competitors and assessment
Company assessmentDirect peers
- CuraDebt: Debt settlement and debt consolidation provider targeting consumers with unsecured debt; comparable service model and customer base to DMB.
- National Debt Relief: One of the largest U.S. debt settlement companies, offering consumer debt negotiation services for unsecured credit card and similar debt — directly overlapping DMB's core offering and target customer.
- Accredited Debt Relief: A leading debt settlement firm focused on negotiating unsecured debt for consumers; offers nearly identical services and customer profile as DMB.
- Debt Relief America: Debt settlement services provider for consumers with unsecured debt; a smaller but directly comparable operator to DMB.
- Freedom Debt Relief: Major U.S. debt settlement provider serving consumers struggling with unsecured debt through a similar negotiation model — directly competitive with DMB on product, customer, and channel.
Emerging players
- Beyond Finance: Tech-enabled debt settlement platform serving a similar unsecured-debt consumer base as DMB, with a more digitally-led GTM motion; partial overlap on product and customer.
- TurboDebt: An online-first debt settlement/relief company targeting similar consumer profiles; competes with DMB in the digital/direct-to-consumer channel.
Broad incumbents
- Money Management International: Non-profit credit counseling and debt management agency serving consumers in distress; competes for the same end-customer pre-settlement funnel even if the core product differs.
- GreenPath Financial Wellness: A non-profit credit counseling and debt management provider serving consumers in financial distress — adjacent (DMPs/counseling vs. settlement) but overlapping on customer persona.
Others
- JG Wentworth: Specialty consumer financial services company with a historical focus on structured settlements and debt relief products; adjacent to DMB's debt settlement offering and overlapping in target customers.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
DMB Financial social profiles
Digital presenceDMB Financial financial estimates
Financial estimateRevenue estimate
Valuation estimate
DMB Financial leadership team
Management profileNumber of profiles
Profiles3 records
DMB Financial funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DMB Financial M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DMB Financial
What does DMB Financial do?
DMB Financial provides consumer debt settlement and debt restructuring services for individuals struggling with unsecured credit card and revolving debt. Clients enroll after a free consultation, make monthly deposits into a dedicated FDIC-insured savings account, and the company negotiates settlements with creditors to reduce outstanding balances. The company charges fees on successfully settled debt and has helped more than 30,000 consumers manage over $1 billion in obligations since its 2003 founding.
Is DMB Financial a public or private company?
DMB Financial is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was DMB Financial founded?
DMB Financial was founded in 2003. It employs 101 to 250 people.
Where is DMB Financial based?
DMB Financial is headquartered in Beverly, United States, in the North America region.
How does DMB Financial make money?
One revenue line is on record: debt Settlement Services.
Who are DMB Financial's main competitors?
Direct peers on record are CuraDebt, National Debt Relief, Accredited Debt Relief, Debt Relief America and Freedom Debt Relief. Emerging players are Beyond Finance and TurboDebt. Broad incumbents are Money Management International and GreenPath Financial Wellness. JG Wentworth is listed as an others.
Does DMB Financial have an API?
No public API is recorded for DMB Financial.
What industry is DMB Financial in?
DMB Financial's product category is Debt Relief Services. Its primary akta.pro industry code is FSAKAIAK, Debt Settlement / Negotiation Programs (Non-loan). Its NAICS code is 5223 and its SIC code is 7320.