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.
Debt Management Guys claim to work with hundreds of different attorneys who are experienced at debt settlement cases and situations to help significantly lower the payments and interest rates of 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.
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 within 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.
Other concerns are lack of BBB and AFCC accreditation as well as 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, including the company having rapport with the BBB, which again, they lack.
Any social media sites or articles specifically found on their company website are extremely outdated, with their last article posted on January 10, 2010.
Pricing is unknown.
No upfront fees are charged for settlement services.
A free consultation is offered and required to get started with Debt Management Guys. During this consultation, interested parties are encouraged to have already run a recent credit report, bring in financial statements and collections letters, judgments older than 6 months, credit card statements, unsecured loan statements and income information. A debt management counselor will then go through all of the information provided and give the debtor an approximate balance of debt, an estimated minimum monthly payment and the length of time it will likely take to pay off the debt.
Time In Business
Debt Management Guys has been in business since 2008.
Not listed on the Better Business Bureau’s website.
They offer debt counseling to those who want to learn about avoiding high interest rates, paying off debt quicker and avoiding them in the first place. Their website is full of helpful articles, blog posts and FAQ’s for any and all visitors to learn more about avoiding bankruptcy and why, budgeting, new bankruptcy laws in the US, debt negotiation tactics, laws regarding creditor and debtor relationships and so on.
Cancellation Policy/ Money Back Guarantee
No found guarantee.
Unsecured vs. Secured Loans
They only handle unsecured loans.
No, they do not have a mobile app or a mobile friendly website.
None listed. You may be able to contact them via the contact form on their site.
Types of Services Available
The Debt Management Guys offer both debt consolidation as well as debt reduction programs. They specialize in credit card debt by assisting customers in negotiating interest rates that are easier to work with. They also offer counseling services to help each customer or potential customer determine what it is that they need most whether it be lower interest rates, catching up on payments, debt settlement, or just an overall reduction of the amount of debt required to be free.
Minimum Debt Accepted
There is no online portal for debt settlement customers, but there is a client log in for the debt management plans that they offer here.
The Debt Management Guys do not have an accreditation with the AFCC or IAPDA.
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