Expert Negotiators

Few people realize that debt negotiation and debt settlement is a viable solution when dealing with their burdensome debt. More importantly, it's an approach that puts our clients in the driver's seat, leveling the playing field between them and their creditors.

Consider this: From the perspective of a major credit card bank, they understand that as a customer's account becomes increasingly delinquent, the likelihood of collecting on this account deteriorates as the debt ages. Additionally, should their customer file for protection under the current bankruptcy laws, most liabilities relating to credit card debts may be completely discharged.

Herein lies the reflection point of most collection departments.

If the process of collecting this debt leaves their bank/financial institution and is handled by a third-party collection agency, the agency will generally charge a 20% - 35% contingent fee for their services. And, even with the most aggressive of tactics, the agency is unlikely to collect more than 70% of the debt owed.

This is where DMB Financial's expertise comes into play. With over 50 years of combined experience in the debt industry, and as experts in debt negotiation and settlement, DMB's professionals understand the predicament that the banks are in. Subsequently, if the bank's collection department has the opportunity to close a delinquent account by collecting, for example, 50% of the debt owed by the debtor, they generally will. In this instance, the debtor would pay only 50% of the debt owed, and the account would be considered "settled."

In the end, the successful negotiation of your debts will require achieving a reasonable compromise with your creditors. Hence, as a DMB client, your Debt Relief Consultant will work with you to develop a personalized program that will help you to allocate as much money as possible each month from which your Settlements Advisor will use to negotiate with your creditors.

Back to top