Some debt settlement clients decide, for one reason or another, to quit their program prior to solving their debt problems. This is one of the biggest mistakes you can make. The majority of clients who leave a debt settlement program rarely succeed in solving their debt problems on their own, and remain mired in debt for many years to come. On the other hand, graduates of the DMB Financial debt settlement program settle their debt in as little as 36 months*, and are able to start their journey to a financially successful future.

See below for the top 4 reasons why quitting your debt settlement program should be avoided at all costs:

1. You’re on Your Own: You will lose the expertise of DMB Financial’s experienced debt negotiators, making it less likely that you will receive favorable debt settlement offers, if any at all. DMB debt negotiators have existing relationships with most major creditors, and know all the ins and outs relating to each one’s policies and terms, which in turn results in favorable debt settlements for our clients.
2. Active Settlements Will be Voided: If you are in the middle of settling an account, quitting the program will give creditors the opportunity to void any agreement between themselves and DMB. For example, if a settlement agreement of $10,000 has been reached on a $30,000 debt and you have made 2 payments of $2,000 towards the settlement amount, quitting the program will make the agreement null and void. This means that the $4,000 you have already paid will not be going to the $10,000 settlement amount, but will go towards the full $30,000, and you will still owe the full balance of $26,000 rather than the $6,000 settlement balance.
3. You Lose the Side Benefits: Quitting your debt settlement program will mean that you lose the side benefits of being a DMB client – such as membership in our Legal Club. The Legal Club offers free legal consultations, document reviews, and living will preparations in addition to discounted legal representation should the need arise.
4. You Lose Financial Guidance: Active DMB Financial clients are offered considerable financial advice and assistance as they near the end of their debt settlement programs. The purpose is to help clients make the transition from being a slave to credit card debt to being a successful long-term investor.

There will always be occurrences and circumstances that make quitting your debt settlement program an attractive option for any number of reasons. In the long run, however, sticking to the plan, completing your program, and settling your debt or solving your debt problems is the single most important thing you can do for yourself and your family financially.  

*Individual results may vary based on ability to save funds, amount of debt, willingness of creditors to negotiate, and the successful completion of all program terms. Program does not assume or pay any debts, nor provide legal or tax advice. Prudence should always be taken by consumers when reviewing contracts and disclosure materials. DMB’s services not available in all states.

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1. Profiles in Success: How Andrew A. saved over $14,000 with DMB Financial
2. The 3 Secrets to Completing a Debt Settlement Program
3. Employee Spotlight: Derek Valley
4. When to Settle a New Account
5. DMB Financial Named “Leading Provider” for 2010 by Goldline Research!