Has your debt been increasing lately? Are you burnt out from trying different financial advice and tips but still have unsolved issues?
Maybe you’re here because already tried everything.
In the majority of cases, the most effective approach is to talk to professionals that can help to resolve this issue.
CuraDebt is among the most frequently contacted companies. A lot of people are asking if they are able to help or put you in more debt.
According to their clients they can help you manage 80percent of your debt so that you can finally take a few things off of your plate.
However, for certain people they believe these claims are too good to be true.
Suppose you’re on the lookout for any solution that could aid you in settling your debt. In that situation, CuraDebt will mostly be recommended by people. We’ll take a deeper review of the way CuraDebt operates and what issues it can help you solve.
Moreover, before we end we’ll look at its benefits and drawbacks.
Before starting the review, go to this video for a more relaxing way to watch it.
Otherwise, let’s begin.
Before you continue, you may want to watch this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick review. Afterward, you’ll want to read the rest of our article for a more comprehensive review.
About the Company 6695 Tax Preparer Penalty Relief
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000 and has since become a part of the American Fair Credit Council, the US Chamber of Commerce, and has been accredited by the International Association of Professional Debt Arbitrators.
While it is accredited, some states have limited their access to their services.
What can CuraDebt do?
Helping you settle your debt is one of CuraDebt’s best popular feature. However, they also offer additional services to assist you in becoming financially secure.
First of all, it begins with requesting a free savings estimate online. It is a completely private service, and they won’t be doing a credit check. With this savings estimate you’ll be able to learn more about the options to be debt-free.
The savings estimate, which was mentioned before, gives you an insight into your options regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will provide you with a financial counselor and a support team to assist you with credit arbitration in the event that you decide to enroll. Financial advisors may be able to assist you on your path to debt-free living.
After your debt settlement program is completed, CuraDebt is the agency to take care of all your creditors’ calls. They’ll also be the ones who negotiate conditions of the repayment in accordance with the state of your finances. Depending on which works best to you, this can be a lump-sum settlement or an installment plan.
Furthermore they will also be working with lenders to help you have better rates as you deposit money to your savings account. This in turn, will be processed to pay the creditors. The plans they offer can help you pay off the debt in the period of 48 months.
After you’ve registered with them, they will provide you with access to your data 24/7. All you have to do is sign in to CuraDebts the client portal to monitor your progress.
Before you can benefit from their program, you’ll need to satisfy their criteria first. For eligibility, you’ll have to be:
- At least 21 years old
- Verifiable income
- You must have a minimum balance of $5,000
What are they able to assist you?
Here are some of the ways CuraDebt can help you.
As their name suggests, CuraDebt can help you deal with debt. They can negotiate settlements on your behalf to settle all kinds of debt. They can help with medical bills, personal loans credit cards and loans. They are also able to pay off any remaining balance on business debt collection, repossessions, or collections.
They may also assist in negotiating on tax owed as well as IRS debt. However, you won’t get assistance with the majority cases, government loans as well as collateral and utility bills. They also don’t cover most student loans.
On the other hand, they can assist you in navigating laws such as that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find creditor violations in order to get cash settlements, should it be possible. Certain violations could result in having your debts also dismissed.
CuraDebt can also help you pay off debts with less than the amount you own. They also allow you to have questions answered during a free consultation with their debt counselor.
The most appealing aspect of their plan is that you will only pay the fees once your debt is settled. All you need to do is sign up with some of their programs, and you’ll be able to settle each of your debts.
Tax Management and Relief
CuraDebt will also handle your tax debt. Once they collect all of your financial records They will also gather all the paperwork you’ll need to file tax returns.
By using this program, you will be able to resolve different types of taxes such as wage garnishments as well as tax penalties for personal and business taxes as well as back taxes and trust fund penalties and tax lien.
There aren’t any hidden charges also. They only offer flat-fee prices that is based on the amount you’ll need to settle.
There are a variety of options for settling your tax debt. Here are 6 options:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What types of debt can they help you with?
Although debt settlement is their forte however, they do not offer all kinds of debt settlement. CuraDebt only focuses on unsecured debt. They won’t be able to help you if the debt or loan is tied to a physical item.
If, however, you are in one of the following kinds of debt, they’ll arrange settlements for you.
With CuraDebt it is expected that you will be able to pay your past-due tax debts without any issues. Additionally, this service is accessible across all 50 states, if you have a debt in arrears to IRS. There are tax experts from the federal government that can help you resolve these types of issues.
CuraDebt can also assist in settling the medical bills. In some cases you could even settle the debt for less than you are owed.
Private Student Loan
CuraDebt doesn’t cater to Federal student loan. Still, they can help private students in negotiating any student loans that they have to pay.
Personal loans and payday loans also qualify for the debt settlement program. You can also avail the program if you have other unsecure credit lines that you got from another bank or financial institution.
Credit Card Debt
If you are in debt through store credit cards, traditional credit cards, as well as private label credit card, CuraDebt will help you pay it off.
What is the cost?
The best part about CuraDebt’s pricing is how they’ve priced their service. They don’t charge an upfront fee. The only time you pay is when you settle each of your debts.
They also don’t charge high charges either. On average, you’ll be required to pay up to 20 percent of the debt that you settled with them.
In general, this type of business can cost anywhere from 15% to 25 percent.
Additionally, customers can anticipate to settle their debts within two to four years. However, this also varies depending on the amount that you save per month.
Additionally, they claim that you could save up to 30% by incorporating their charges into your calculation.
But this claim will also depend on your situation. Some customers even claimed to save 50% to 80%.
Benefits of using CuraDebt
Now that you have an understanding of what CuraDebt can offer you Let’s take a look at the benefits that come with using CuraDebt.
First, CuraDebt is only charged when you’ve paid off your debt. Furthermore they charge only an amount of 20%, while many companies charge 25%.
Next, if you’re done by the program for debt relief, you may join their credit repair program.
It’s a great method to improve your credit without going in debt again. However, the program runs different for every person according to your personal situation.
In the end, CureDebt looks into your credit to help with settlements and negotiations. It means that your debt won’t inflate over time. They’ll also be looking into any violations of creditor with the help of their own experts.
Some disadvantages to using CuraDebt
We will also examine some of the disadvantages of CuraDebt.
Debt relief and debt settlements typically require you to stop making payments using . Therefore, if you’re trying build a better credit score, it may set you back while you’re working on your debt.
CureDebt also doesn’t have a mobile app. While they have a website for clients however, it appears old and mundane. It’s not particularly intuitive and could be challenging to navigate.
Furthermore, they are not accredited with an accreditation from the Better Business Bureau although they were awarded an A+ rating.
The Final Verdict
CuraDebt is a great program that lets you settle your debt without spending more for these types of services. Moreover the 20% service charge is cheaper than most businesses that charge the 25% cost. There is no upfront payment and you’ll only have to pay when the debt is settled.
Although they’ll allow you to access an account that allows you to track your progress, their website is not easy to navigate. CuraDebt also doesn’t have an app that would make it easier to track your progress.
They do have a great support team, and you can reach them not only through emails but by phone or by sending an electronic ticket. 6695 Tax Preparer Penalty Relief
If the credit card is a major problem right now, we highly recommend CuraDebt’s program. Just make sure that you’re qualified and that the services they offer are available in your state.
FAQ 6695 Tax Preparer Penalty Relief
What is the time frame to complete the course?
The average program is 24 to 48 months, dependent on the size of your debt as well as your agreement on the settlement.
Can CuraDebt aid with state tax problems?
It is true that CuraDebt offers a program for tax relief that can assist you with issues like delinquent tax and garnishments on wages.
What do I need to do once I’m in the program?
You’ll be required to communicate with the team and make the necessary payments to lower the amount of debt you have over time.