Has your debt increased lately? Are you burnt out from trying various financial advice and tips but haven’t solved your problems?
Perhaps you’re here because you’ve been through everything.
In the majority of cases, the best option is to speak with professionals that can help to resolve this issue.
CuraDebt is among the companies that get the most inquiries. A lot of customers have asked if they are able to help or put you into more debt.
According to their customers, they can assist you in managing 80percent of your debt so that you can take few things off of your plate.
But for some people, these claims are just too good to be true.
Suppose you’re on the lookout for something that will assist you in paying off your debt. In this scenario, CuraDebt will mostly be recommended by people. We’ll take a deeper review of the way CuraDebt is used and the problems it can solve for you.
Furthermore, before we conclude we’ll look at its advantages and drawbacks.
Before beginning the review, you can watch this video instead for a more relaxing way for it to be watched.
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. After, you will want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company A Deduction Before Agi Of $24 Offers Greater Tax Relief Than A Credit Of $24
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 has been accredited through the International Association of Professional Debt Arbitrators.
While it is accredited, some states have imposed restrictions on their services.
What CuraDebt do?
Helping you pay off your debt is the most popular feature. They also provide other services that can help you be more financially secure.
First of all, it starts by requesting a no-cost online savings estimate. It is a completely private service and won’t be conducting a credit screening. With this savings estimate, you will learn more about your alternatives towards debt-free.
The savings estimate, which was mentioned previously, offers you the opportunity to consider your choices, regardless of whether you’re planning on using CuraDebt.
CuraDebt will provide you with a financial counselor and a support team to assist you with the process of credit arbitration should you choose to join. Financial advisors may be able to assist you on your path to debt-free living.
After your debt settlement plan, CuraDebt is the one to handle all of your creditors’ calls. They’ll be the ones who will determine what you will pay for your payment in accordance with the state of your finances. In determining which option is the most effectively to you, this can be a lump-sum settlement or an installment plan.
Additionally they will also be working with creditors to ensure that you get better rates when you transfer money into your savings account, which in turn, will be processed to pay back the creditors. Their plans can help you settle the debt within 48 months.
After you’ve signed up with them, they will give you access to your information 24/7. All you have to do is log in to CuraDebts the client portal to track your progress.
Before you are able to avail the program, you’ll have to pass their requirements first. In order to be considered eligible for the program, you’ll have to meet the following requirements:
- At least 21 years old
- Earn a reliable income
- You must have a minimum balance of $5,000
What can they help you with?
Here are some of the ways CuraDebt can assist you.
As their name suggests, CuraDebt can assist you in dealing with debt. They are able to negotiate settlements on your behalf to settle all kinds of debt. These include personal loans, medical bills credit cards and loans. They are also able to settle any outstanding balance of business debt, collections, or repossessions.
They can even help negotiate with back taxes and IRS debt. However, you will not receive support for most cases, government loans as well as collateral and utility bills. The same goes for student loans.
On the other hand, they will help you use laws like that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify the violations of creditors to ensure that you receive cash settlements, should it be possible. Certain violations may lead to having your debts also dismissed.
CuraDebt also allows you to pay off debts with less than the amount you own. They also allow you to ask questions during their free consult with their debt counsellor.
The greatest benefit of their program is that you’ll only have to pay for the charges once your debt is settled. All you have to sign up to some of their programs, and you’ll be able to pay off all your debts.
Tax Management and Relief
CuraDebt can also help you with the tax liabilities you have. Once they collect all of your financial documents and tax documents, they’ll also collect all the documents you’ll require to file tax returns.
With this program, you will be able to deal with various tax issues such as garnishments on wages as well as tax penalties for personal and business taxes and back taxes as well as trust fund penalties and tax lien.
There aren’t hidden fees neither are there hidden fees. They only use flat-fee pricing that is based on the amount that you’ll must settle.
They have different solutions when it comes to settling taxes. Here are six of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What kinds of debts can they assist you with?
Although debt settlement is their specialization, they don’t cater to all types in debt resolution. CuraDebt is only focused on debt that is not secured. They aren’t able to help you if your loan or debt is linked to an item that is physical.
If, however, you are in the following kinds of debt, they will make arrangements for settlements.
With CuraDebt the service, you’ll be able to settle tax debts that were due to be paid without any problems. Moreover, this type of service is available to all 50 states if you have a debt to the IRS. There are tax experts from the federal government who can assist you in resolving these types of issues.
CuraDebt will also help you resolve the medical bills. In certain cases you might even be able to pay the debt for less than you owe.
Private Student Loan
CuraDebt doesn’t cater to the federal government’s student loan. They can however assist private students with negotiating any loans they are owed.
Personal loans and payday loans also qualify for the debt settlement program. It is also possible to avail the program if you have other unsecured credit lines you obtained from a different financial institution or bank.
Credit Card Debt
If you’re in debt using store credit cards or traditional credit cards as well as private label credit card CuraDebt can assist you in paying it off.
What is the cost?
The most appealing aspect of CuraDebt is how the company has priced its services. They don’t charge upfront fees. The only time you pay is when you have paid off all of your debts.
Also, they don’t charge high costs either. On average, you’ll have to pay between 20 and 20 percent of the debt that you settled with them.
On average, this type of business can cost anywhere from 15% to 25%.
In addition, customers can expect to pay off their debts in 2 to 4 years. This varies according to the amount you save per month.
Additionally, they claim that you can save up to 30% when you factor in their charges into your calculation.
But this claim will also depend on the situation. Some customers even claimed to save between 50% and up to 80%.
Benefits of using CuraDebt
Now that you have a clearer picture of the benefits CuraDebt can offer you Let’s take a look at the benefits of using CuraDebt.
The first is that CuraDebt only charges you when you’ve paid off your debt. Additionally they charge only an amount of 20%, while many companies charge 25%.
Then, if you’re done with the debt settlement program you could enroll in their credit repair program.
It’s an excellent method to improve your credit score without going into debt again. The program is however designed different for every person dependent on the circumstances of your case.
Finally, CureDebt looks into your debt so that they can assist in settlements and negotiations. So, your debt won’t inflate over time. They’ll also investigate any violations of creditor with the help of their own experts.
The drawbacks of the use of CuraDebt
Let’s also look into some of the drawbacks of CuraDebt.
Debt relief and debt settlements usually require that you stop making payments using the credit card you use. Therefore, if you’re trying increase your credit score, it might delay you from working on your obligations.
CureDebt doesn’t even offer a mobile application. Although they have a website for clients, it looks aged and simple. It’s not very intuitive, and it can be difficult to navigate.
Furthermore, they are not accredited with their Better Business Bureau although they did receive an A+ grade.
The Final Verdict
CuraDebt is a good program that will allow you to resolve your debt without having to spend more for these types of services. Additionally the 20% service charge is lower than many businesses that charge the 25% cost. There is no upfront payment, and you will only have to pay when the debt is paid off.
While they’ll provide you with an account that allows you to track your progress however, their website isn’t simple to navigate. CuraDebt isn’t even an app, which would make it easier to look at your progression.
But, they do have a competent support staff that you can contact them, not only via emails but by phone or by submitting an electronic ticket. A Deduction Before Agi Of $24 Offers Greater Tax Relief Than A Credit Of $24
If the problem of debt is an problem, then we strongly recommend CuraDebt’s debt management program. Make sure you’re eligible and that the programs they offer are available in your state.
FAQ A Deduction Before Agi Of $24 Offers Greater Tax Relief Than A Credit Of $24
How long will it take to finish the program?
The typical program lasts from between 24 and 48 months depending on the amount of your debt and the stipulated settlement.
Can CuraDebt assist in the fight against state tax issues?
Sure, CuraDebt has a tax relief program that can aid you in dealing with problems such as delinquent payroll tax and wage garnishments.
What’s the first thing I have to do after joining the program?
You’ll need to constantly communicate with your team members and make the necessary payments to reduce your debt over time.