The Debt Management Group provides consumers with credit counseling and debt relief services. The company was founded in 1995 and its main office is located in Brooklyn, New York. The company offers free consultations and customized savings plans for interested consumers. The Debt Management Group also provides a variety of educational resources on its corporate website to help consumers such as a blog, debt calculator, and a live chat feature to answer any questions that may arise.
According to the company’s website, experienced financial advisors and consultants are made available to consumers to assist clients with taking more control of their financial situations. The company’s services are provided in New York, Connecticut, New Jersey, Minnesota, and Ohio. The Debt Management Group does not appear to have any third-party accreditations.
Free Debt Analysis
Consumers are able to receive a free debt analysis for their unique financial situation, as well as a customized savings plan. An experienced financial advisor will explain all available options for debt resolution and help them choose the right choice best suited for their personalized needs. The advisor will review all financial information, and questions, and determine how much the customer can afford in monthly payments to settle the debt. The debt settlement process typically lasts anywhere between 3-30 months, according to information gained from the company’s website.
Several Available Debt Relief Options
The Debt Management Group provides several different types of debt relief options for its customers. Consumers can choose a debt settlement program to help avoid filing bankruptcy, but this can negatively impact an individual’s credit score. Consumers may also choose to pay minimum monthly payments or consolidate debt. Credit counseling is also offered.
Positive Customer Feedback
The Debt Management Group provides numerous testimonials from satisfied customers on its corporate website. The company also provides proof of past successful debt negotiations as well.
No BBB Profile
Even though the company has been operating for 21 years, The Debt Management Group does not have a corporate profile on the Better Business Bureau website. There is no definite way to tell how well the company handles consumer complaints.
The Debt Management Group does not appear to have any accreditations from trusted third-party organizations such as the Federal Trade Commission, Better Business Bureau, American Fair Credit Council, or the International Association of Professional Debt Arbitrators.
No Pricing Information
The Debt Management Group does not publicly disclose its fees on its corporate website. Better transparency regarding pricing structure would greatly enhance the customer service experience. Since 2010, debt settlement companies are not legally allowed to charge fees upfront until a debt is fully resolved.
No Money-Back Guarantee
No information is provided regarding an offered money-back guarantee on the company’s website. Many debt settlement companies in the industry typically offer money-back guarantees.
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