Is Delancey Street legit or a scam?
Attorney-network business debt firm (NYC) handling MCA, SBA, and stacked debt with performance-based fees, but with no BBB rating and a thin independent review base to verify outcomes.
This appears to be a real operating firm, but the record has caveats worth checking before you commit.
The honest answer
Delancey Street runs an attorney-network model with performance-based fees, which is structurally sound, and it publishes strong volume claims ($100M+ across 1,000+ cases). The caution is verification: there is no BBB rating and only a small independent review base, so its results are harder to confirm from the outside than higher-volume, better-documented firms. Owners should get the fee (a percentage of enrolled debt, not savings) modeled in writing and confirm the no-fee-until-settlement terms.
What checks out
- ✓ Performance-based fees (15 to 20% of enrolled debt), nothing until a settlement is approved
- ✓ Attorney-network model coordinating legal leverage
- ✓ Public claim of $100M+ settled across 1,000+ cases since 2018
What to watch
- ! No BBB rating (insufficient information on file)
- ! Thin independent review base (roughly 26 Trustpilot reviews) to verify claims
- ! Fee is a percent of enrolled debt, not of savings, so model the total cost
Questions people ask about Delancey Street
Is Delancey Street a legitimate company?+
This appears to be a real operating firm, but the record has caveats worth checking before you commit. Attorney-network business debt firm (NYC) handling MCA, SBA, and stacked debt with performance-based fees, but with no BBB rating and a thin independent review base to verify outcomes.
What is Delancey Street's BBB rating?+
Delancey Street does not have a Better Business Bureau profile, which means there is no independently tracked BBB rating or complaint record to check before signing.
What should I check before signing with Delancey Street?+
Get the full fee schedule in writing before paying anything, confirm whether creditor contact has actually begun within the first 30 days, and never agree to stop paying creditors without written confirmation that negotiation is underway. Compare at least one alternative firm first.
Researching Delancey Street? Compare it with our #1-rated firm first.
Coastal Debt Resolve is BBB Accredited with an A+ rating. Get a free MCA review and a written settlement strategy before you commit to anyone.