Have your debts been increasing lately? Are you exhausted from trying other financial advice and strategies but still have unsolved issues?
Perhaps you’re here because you’ve already tried every thing.
In most cases, the most effective approach is to talk to experts who can help you resolve the issue.
CuraDebt is one of the most frequently contacted companies. Many people have been inquiring whether they can help you or put you in more debt.
According to their customers, they can assist you in managing 80percent of your debt so that you can finally take a couple of w
orries off your shoulders.
However, for certain people they believe these claims are too good to be true.
If you’re looking for anything that can help you resolve your debt. In that case, CuraDebt will mostly be highly recommended by those. We’ll take a deeper review of the way CuraDebt operates and what issues it could help solve.
Moreover, before we end, we’ll also look into its advantages and drawbacks.
Before you begin the review, check out this video instead for a more relaxing way watching it.
Otherwise, let’s begin.
Before you go on, you may want to watch this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick review. After, you will want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company 2021 Irs Penalty Relief For Excess Advance Premium Tax Credit Repayment
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000, and is a part of the American Fair Credit Council, the US Chamber of Commerce, and accredited by the International Association of Professional Debt Arbitrators.
While it is accredited, some states have limited their access to their services.
What CuraDebt do?
Helping you pay off your debt is CuraDebt’s most popular feature. However, they also offer additional services to help you be more financially secure.
The process begins with requesting a free savings estimate on the internet. It is a completely private service and won’t be conducting a credit screening. With this estimate of savings, you will be able to learn more about the other options in your journey towards debt-free.
Savings estimates, as mentioned earlier, provides you with the opportunity to consider your options regardless of whether or not you’re going to keep using CuraDebt.
CuraDebt will assign you a financial advisor and a support team to help you with credit arbitration if you decide to join. Certain financial advisors can assist you in your debt-free journey.
Following the debt settlement program is completed, CuraDebt is the agency to answer all of your creditors’ calls. They’ll be the ones who will determine the terms of your payment depending on the condition of your finances. Based on what works best for you, it could be either a lump sum settlement or the option of a payment plan.
Furthermore, they will work with creditors so that you can get better rates when you deposit money to your savings account. This in turn, will process to pay off creditors. The plans they offer can help you pay off the debt in 48 months.
Once you’ve signed up with them, they will provide you with access to your data 24/7. All you need to do is login to CuraDebts’ client portal to track your progress.
Before you can benefit from the program, you’ll have to meet their eligibility requirements first. To be eligible, you’ll have to be:
- At least 21 years old
- Have a verifiable income
- Have a minimum debt of $5,000
What can they assist you with?
Here are the various ways CuraDebt can aid you.
The name of the company suggests that CuraDebt can help you deal with debt. They are able to negotiate settlements on your behalf to settle most types of debt. These include medical bills, personal loans, credit cards as well as line of credit. They can also be approached to settle any outstanding amount on business debts and collections or repossessions.
They can even help negotiate on tax owed and IRS debt. However, you won’t get assistance with the majority of your lawsuits, loans from the government as well as collateral and utility bills. Also, they don’t cover the majority of student loans.
On the contrary, they’ll assist you in navigating laws such as that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify debtors who are in violation to ensure that you receive cash settlements, should it be possible. Certain violations could lead to having your debts removed as well.
CuraDebt lets you repay debt for less than the amount you own. You can also inquire about your debt during their no-cost meeting with their debt counsellor.
The greatest benefit of their program is that you will only be charged after your debt has been settled. All you have to do is sign up with one of their plans and you’ll be able pay off all your debts.
Tax Management and Relief
CuraDebt will also handle your tax debt. Once they’ve gathered all your financial records and tax documents, they’ll also collect all the paperwork you’ll need to file tax returns.
With this program, you’ll be able to solve various tax issues like wage garnishments as well as tax penalties for personal and taxation for business, back taxes as well as trust fund penalties and tax lien.
There aren’t hidden fees either. They only use flat-fee pricing, which depends on the amount that you’ll must settle.
There are a variety of options for the settlement of the tax debt. Here are 6 of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What kinds of debts can they help you with?
Although they specialize in debt settlement, it is not their forte however, they do not cater to all types of settlement. CuraDebt is only focused on debt that is not secured. They won’t be able to assist you if your loan or debt is linked to an actual item.
If, however, you are in the following kinds of debt, they’ll make arrangements for settlements.
With CuraDebt it is expected that you will be able pay off taxes that are due without difficulty. Additionally, this service is accessible to all 50 states if you owe money in arrears to IRS. There are tax experts from the federal government who can assist you in resolving these types of issues.
CuraDebt can also help resolve your medical debt. In some cases you could even settle them for less than what you have to pay.
Private Student Loan
CuraDebt does not cater to federal student loans. Still, they can help private students negotiate any loans they are owed.
Personal loans and payday loans are also eligible as debt-settling programs. It is also possible to avail the program of the program if you also have other unsecured credit lines that you have obtained from an alternative bank or financial institution.
Credit Card Debt
If you’re in debt using store credit cards, traditional credit cards, and private-label credit cards, CuraDebt can assist you in paying it off.
What is the cost?
The greatest thing about CuraDebt is the way they’ve priced their service. They don’t charge upfront fees. Only pay when you’ve paid each of your debts.
They also do not charge high charges either. In the average, you’ll need to pay between 20 and 20 percent of the debt that you settled through them.
On average, this type of industry can charge anywhere between 15 and 25 percentage.
In addition, customers can expect to pay off their debts in between 2 and 4 years. But, it also differs in relation to the amount you save per month.
Additionally, they claim that you can save up to 30% when you factor in their fees in your equation.
However, the claim may depend on your situation. Some customers have even talked about saving between 50% and 80%.
The benefits of using CuraDebt
Once you’ve got an understanding of what CuraDebt offers, let’s explore the benefits of using CuraDebt.
First, CuraDebt is only charged when you’ve paid off your debt. In addition they charge only 20% of the cost, whereas the majority of companies charge 25%.
If you’re finished with the debt settlement program, you may also sign up for their credit restoration program.
It’s a great way to restore your credit without having to go into debt again. However, the program lasts differently for each person according to your personal situation.
In the end, CureDebt looks into your financial obligations to assist in settlements and negotiations. It means that your debt won’t increase as time passes. They’ll also investigate any creditor violations with the assistance of their in-house experts.
Drawbacks of the use of CuraDebt
Let’s also look into some of the drawbacks of CuraDebt.
Debt settlement and debt relief often require you to cease making payments with the credit card you use. So if you’re trying to improve your standing on credit scores, you may delay you from working on your obligations.
CureDebt doesn’t even offer a mobile application. While they do have a client website but it’s aged and simple. It’s not very intuitive and could be difficult to navigate.
In addition, they’re not accredited with an accreditation from the Better Business Bureau although they received an A+ grade.
The Final Verdict
CuraDebt is a useful program that lets you resolve your debt without having to spend more on these kinds of services. In addition the 20% service fee is lower than many companies that offer a 25% fee. There are no upfront payments and you’ll only have to pay when the debt is paid off.
Although they’ll give you an account that allows you to track your progress but their website isn’t user-friendly. CuraDebt isn’t even an app, which would make it easier to monitor your performance.
They do have a competent support staff that you can contact them not just via email but also by phone or submitting an electronic ticket. 2021 Irs Penalty Relief For Excess Advance Premium Tax Credit Repayment
If credit card is a major problem right now, we highly recommend CuraDebt’s program. Just make sure that you’re eligible and that the services they provide are in your state.
FAQ 2021 Irs Penalty Relief For Excess Advance Premium Tax Credit Repayment
How long will it take to complete the program?
The typical program lasts from between 24 and 48 months depending on the amount of your debt as well as your agreed settlement.
Can CuraDebt help in the fight against state tax issues?
Sure, CuraDebt provides tax relief programs that will assist you with issues like delinquent tax issues and garnishments of wages.
What’s the first thing I have to do after joining the program?
You’ll have to keep in constant contact with the team and pay the required payments to reduce the amount of debt you have over time.