DMCC Corp. is run out of Boca Raton, Florida and as I said is a non-profit company that is in the business of helping you lower your monthly payments, consolidate your debt, and eventually get rid of all of you debt. DMCC Corp. had the best deal when I was searching the net for a debt consolidation company. They only charge $5 per credit card you have on their plan. So if you have 3 cards you only get charged $15 dollars a month, that goes to DMCC Corp, I looked into about 10 other companies and the closest one said they would go to $10 per card, and that was only after I told them DMCC's price. They were astounded at the low price and the customer service rep, had to check for themselves to see that I was correct.
I don't know how they can undercut all the other companies, most prices ranged from $12 to $25 dollars per card for other companies. What ever the case may be DMCC has the best price, which is the first reason I choose them. Once I decided they were the company I should go with it was as simple as filling out an online submission and having them call me to get my information. After about a 15 minute phone call my debt representative sent me an email with all the form and the information we agreed on. They send you all of the details to your new account, like what your monthly payments will be, all the credit cards you have to be consolidated, and then the amount of time it will take to pay it all off. Then all you have to do is review the agreement and sign and fax back and they get you all setup.
It was so easy and simple, and the credit rep was great to make sure I knew everything that was going on and he called several times to follow up and check to make sure all was well once the program began. Pretty darn good customer service if you ask me.
The only problem I had was that I didn't know on thing in the contract and the credit rep didn't tell me since I was past my limit if I didn't pay up to the credit limit it would show delinquent on my account until I caught up. This put a slight mark on my credit and I wasn't too happy about this but it was only one month so it didn't hurt me to much. If you are past your limit make sure you pay up to the current amount you are allowed to have!
I called them and complained and they didn't charge me for my next month transaction fee which is only $5 but hey it was a nice gesture and still I have saved a lot of cash going with this company.
You can find DMCC Corp. on the web at (http://www.dmcccorp.org/) they have a very easy to follow website with plenty of good information about their company and the program. I suggest reading all about the site and the company before you signup, but you can always submit the online form and get a call and talk to a representative about how they can help you. They usually respond pretty quickly and will help you with all of your debt management needs.
The complaints I have about the website is the online chat, they seem to only have one lady doing the chat support. If you plan on using this form of support you can expect to wait a good thirty minutes to talk to her. I have had the same woman every time I needed help, but once I did get a hold of her she was very helpful.
The email support is answered by the same woman as well and again the process is slower than I would expect. If you want quick support with an issue I suggest calling their phone support (866) 618-DEBT (3328).
They have made many updates since I joined the company in 2004, they allow online payments through their website now, I was always on automatic withdraw which was the best for me. I do like they added the auto pay method though so if you like to pay it when you want to monthly then you can any time.
You can also check with the Better Business Bureau on DMCC Corp. it shows they are a very good company that deals with their customer's complaints in a reasonable way. They are in good standing and take care of any issue that might arise. Here check them out at (http://www.bbbsoutheastflorida.org/nis/newsearch2.asp?ID=1&strBCode=06330000&ComID=0633000026001366)
Well you have some information on DMCC Corp you can make a decision on the information I have given you, but I suggest you contact them and other debt consolidation companies and see who has the best services at the best price. I am very happy with DMCC Corp but that doesn't mean there isn't another company that might suite your needs better.
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5 Comments
Post a CommentI need the documents that I paid Capitol One.
This is a great article. Mix all debts into one is a difficult task. Alternatively, it is not only easy but also beneficial with regard to financial implications. I have been using a Debt Management company that I am so happy with. Check them out http://www.debtguru.com/could-debt-management-help-you
I'ved used this corporation b4 & I'm embarassed to say that I need to use them again...but it's true, they do help you cut the payments, which made it easier every month for me!
I've always wondered about these companies as well. Thanks for the info.
Always wondered how these debt-relief places can make money. I don't think I'll ever use one, but I thank you for your info.