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#23
DebtManagementGuys

Debt Management Guys Reviews

Reviews of Debt Management Guys from real customers
(0 verified)

Our Score
3.9
User Score
--

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Our Score
3.9
User Score
--
Rank this Company

Ratings Breakdown

Price

% of total debt / % of debt saved
Unknown

Accreditations

AFCC or IAPDA
None

Free Consultation

is one included?
Yes

Time in Business

total # of years
7 Years

Min. Debt

Min. debt accepted
Unknown

Guarantee

money back guarantee?
No

Number of Reviews

User reviews here on BDC
0

Overall Score

Based on ranking criteria
3.9 /10

Freedom Debt Relief

Compared to industry leader
9.1 /10

This Review is maintained by

Review Last Updated: March 21, 2018

Debt Management Guys is a provider of financial services including debt settlement. The information found throughout this review is strictly based on information gathered through their company website, as it has been determined phone numbers for this company are no longer in service. We are unable to make an assessment as to whether or not this company is still operating.

Rank Chart
Price (% of debt)
Smallest Debt Accepted
Review

#1

15-25%
$7,500

#2

15-25%
$7,500

#3

15-25%
$7,500

#23
DebtManagementGuys

Unknown
Unknown

The Good

Debt Management Guys claim to work with hundreds of different attorneys who are experienced in debt settlement cases and situations to help significantly lower the payments and interest rates on accumulated debt.

Upon qualification and enrollment, clients will be set up with an affordable monthly payment plan calculated on the amount of debt enrolled. The claim this monthly payment will be electronically drafted from personal savings accounts into an FDIC non-interest bearing savings account. Once a lump sum is accumulated, the negotiation process beings. Outlined on the company website, they claim to settle debts in a term length of 12 to 48 months, which is reasonable and a competitive industry standard.

They offer credit counseling tools and meetings to help clients learn the tools to keep them out of debt and how to manage stressful financial situations in the future as well. We appreciate all the links guiding consumers to information found on credible financial sites such as CNN Money also providing an array of financial literacy resources and tools.

We have found it difficult to determine any outstanding company highlights as we were unable to speak with representatives.

Best Debt Settlement Companies

The Bad

It’s unclear whether or not Debt Management Guys is still in business or not.

We certainly have some major concerns with this company during our review process. Our biggest concern lies in having no point of contact or any information regarding a valid phone number. Is this company even in business? We noticed their copyright on the company webpage is only dated to 2014.

Another concern is having no affiliation with the IAPDA. While this does not seem to be an industry standard, we take these accreditations seriously and appreciate when a company has dedicated time and resources to exemplify corporate responsibility.

The company does not outline any pricing matrix and in fact, offers little information on their debt settlement program overall. They provide some basic information concerning what consumers should seek out when choosing a debt settlement provider.

Any social media sites or articles specifically found on their company website are extremely outdated, with their last article posted on January 10, 2010.

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The Bottom Line

Debt Management Guys claim to provide financial services. Overall, we do not recommend this company considering there are far too many unknowns about them – No AFCC or IAPDA accreditation, valid phone number, updated web information, etc. When paying out money to have debts resolved and get on the right track to financial freedom, uncertainty is not something consumers can rest assured by. We recommend consumers seek out alternate debt settlement companies with a reliable point-of-contact such as these top-recommended companies.

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  • Takes your existing debt and try to settle with your creditors for a lower amount. If you pay off the settled amount, your debt will be considered paid in full.
  • Negotiates with your creditors on your behalf.
  • Fee based on a percentage of your total starting debt or a percentage of the debt they save you.
  • Most settlement companies have you create a separate "escrow" account where you will make monthly contributions over a certain amount of time to contribute to your settlement. Once there is a substantial amount of funds to show your creditors, the settlement company will try to negotiate a lower amount of debt.
  • Combines all your debts and creditors into one monthly payment.
  • Allows you to pay one monthly payment to the consolidation company, instead of multiple payments to different creditors.
  • You no longer owe your original creditors; instead you pay one monthly payment to your consolidation company.
  • Consolidation companies can help negotiate lower interest rates on your debts and help lower your total debt payment in the long run. A lower interest rate will lower the amount you owe in the end.
  • Allows you to consolidate all your different debts into one personal loan that can be paid off over time.
  • Can offer borrowers a lower interest rate with a longer payback term (compared to high-interest credit cards or medical bills). This will lower the amount of money required to pay off the loan over time.
  • Personal loan debt consolidation can be an effective way to raise your credit score quickly (within 3-6 months).
  • Borrowers can receive funds from their loan within only a few days.

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Our Score
3.9
User Score
--
Rank this Company

Ratings Breakdown

Price

% of total debt / % of debt saved
Unknown

Accreditations

AFCC or IAPDA
None

Free Consultation

is one included?
Yes

Time in Business

total # of years
7 Years

Min. Debt

Min. debt accepted
Unknown

Guarantee

money back guarantee?
No

Number of Reviews

User reviews here on BDC
0

Overall Score

Based on ranking criteria
3.9 /10

Freedom Debt Relief

Compared to industry leader
9.1 /10
Our Score
9.1
User Score
9.0
Rank this Company

Ratings Breakdown

Price

% of total debt
15-25%

Accreditations

AFCC or IAPDA
AFCC & IAPDA

Free Consultation

is one included?
Yes

Time in Business

total # of years
15 Years

Min. Debt

Min. debt accepted
$7,500

Guarantee

money back guarantee?
Yes

Number of Reviews

User reviews here on BDC
1,059

Overall Score

Based on ranking criteria
3.9 /10