Are you experiencing debt that has been increasing lately? Are you exhausted from trying other financial advice and tips but still have unsolved issues?
Perhaps you’re here because you’ve been through everything.
In the majority of cases, your most effective approach is to talk to experts who can help to resolve this issue.
CuraDebt is one of the most frequently contacted companies. Many people have been inquiring whether they are able to help or put you into more debt.
According to their clients they can help you manage 80percent of your debts so that you can finally take a couple of w
orries off your shoulders.
But for some people they believe these claims are too good to be true.
Suppose you’re on the lookout for something that will assist you in paying off your debt. If that’s the situation, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep look at the way CuraDebt works and what problems it can help you solve.
Moreover, before we end, we’ll also look into its advantages and drawbacks.
Before you begin the review, you can go to this video if you prefer to watch it.
Otherwise, let’s begin.
Before you continue, you may want to check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick overview. Afterward, you’ll want to read the rest of our article for a more comprehensive review of CuraDebt.
About the Company American Tax Payer Relief Act
CuraDebt is a debt relief company from 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 with the International Association of Professional Debt Arbitrators.
While it is accredited, certain states have restricted their services.
What CuraDebt do?
Assistance in settling your debt is one of CuraDebt’s best popular feature. But they offer other services that can help you be more financially stable.
It all begins by requesting a free online savings estimate. The service is completely confidential, and they won’t conduct a credit inquiry. With this estimate of savings, you will be able to learn more about the options to be debt-free.
The savings estimate, as mentioned before, gives you the opportunity to consider your options, regardless of whether you’re planning on using CuraDebt.
CuraDebt will provide you with a financial counselor as well as a support team to help you with credit arbitration if you decide to enroll. Certain financial advisors can assist you with your debt-free journey.
After your debt settlement program is completed, CuraDebt is the company to answer all of your creditor’s calls. They’ll also be the ones who negotiate what you will pay for your payment based on the status of your finances. Based on what works most effectively to you, this could either be a lump sum settlement or a payment plan.
Additionally they will be working with the creditors so that you can enjoy better rates when you deposit money to your savings account, which in turn, will be processed to pay back the creditors. The plans they offer can help you pay off the debt in two years.
After you’ve registered with them, they’ll allow you access to your account information 24 hours a day. All you need to do is login to CuraDebts’ client portal to monitor your development.
Before you can avail of the program, you’ll have to meet their eligibility requirements first. For eligibility, you’ll need to meet the following criteria:
- At least 21 years old
- Have a verifiable income
- Minimum debt must be $5,000
What can they assist you?
Here are the different ways CuraDebt can assist you.
As their name suggests, CuraDebt can assist you in dealing your debt. They can negotiate settlements on your behalf for the majority of types of debt. This includes medical bills, personal loans, credit cards and also lines of credit. They can also be approached to settle any outstanding amount on business debts and collections or repossessions.
They may even assist you in negotiating for back taxes as well as IRS debt. However, you will not receive assistance with the majority claims, government loans, collateral, and utility bills. Also, they don’t cover the majority of student loans.
On the other hand, they will assist you with laws like the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify debtors who are in violation so that you can have cash settlements, if they are possible. Some violations can also result in having your debts removed as well.
CuraDebt also allows you to settle debt with less than the amount you have. You can also have questions answered during a free consult with their debt counsellor.
The greatest benefit of their program is that you’ll only pay the fees once your debt is settled. All you have to sign up for any of the plans, and you’ll have the ability to settle each of your debts.
Tax Management and Relief
CuraDebt can also deal with the tax liabilities you have. After they have gathered all your financial documents They will also gather all the paperwork you’ll need to file tax returns.
With this program, you should be able to solve the various types of tax problems like wage garnishments and tax penalties, personal and business taxes and back taxes as well as trust fund penalties and tax liens.
There aren’t any hidden charges neither are there hidden fees. They only offer flat-fee prices and is dependent on the amount you need to settle.
They offer different options in the settlement of taxes. Here are six of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What kinds of debts are they able to help with?
Although debt settlement is their specialty, they don’t provide all kinds of settlement. CuraDebt concentrates on unsecured debt. They can’t help you if your loan or debt is linked to an actual item.
If, however, you are in one of the following kinds of debt, they will negotiate settlements on your behalf.
With CuraDebt, you should be able to pay your past-due tax debts without any problems. Moreover, this type of service is offered to all 50 states in the event that you have a debt to the IRS. They have federal tax experts to assist you with the issues.
CuraDebt will also help you resolve any medical-related debt. In some instances you could even settle the debt for less than you have to pay.
Private Student Loan
CuraDebt doesn’t cater to federal student loans. Still, they can help private students negotiate the student loans they have to pay.
Payday loans and personal loans are also eligible to be eligible for debt relief programs. It is also possible to avail the program of the program if you also have other unsecured credit lines that you got from an alternative financial institution or bank.
Credit Card Debt
Whether you have debt with store credit cards or traditional credit cards or private label credit cards, CuraDebt can assist you in paying it off.
What is the cost?
The best part about CuraDebt’s pricing is how they’ve priced their service. They don’t charge upfront fees. The only time you pay is when you have paid off all of your outstanding debts.
Additionally, they do not charge high fees as well. On average, you’ll be required to pay between 20 and 20 percent of the debt you settled with them.
On average, this type of business can cost anywhere between 15% and 25 percent.
Additionally, customers can anticipate to settle their debt from between 2 and 4 years. But, it also differs according to the amount you can save up per month.
Additionally, they claim you can save as much as 30% if you include their costs into your calculations.
However, this statement will differ based on your specific situation. Some clients even mentioned saving 50% to up to 80%.
Advantages to using CuraDebt
Once you’ve got an understanding of the benefits CuraDebt can provide, let’s explore the benefits from using CuraDebt.
First, CuraDebt will only charge you once you’ve paid off your debt. In addition they charge only 20% of the cost, whereas most companies charge you 25 percent.
Next, if you’re done with the debt settlement program you can enroll in their credit restoration program.
It’s a fantastic option to rebuild the credit rating without having to go back into debt. However, the program lasts differently for each person dependent on the circumstances of your case.
In the end, CureDebt looks into your debt so that they can assist in settlements and negotiations. This means your debt won’t increase over time. They’ll also be looking into any violations by creditors with the help of their own experts.
Some disadvantages to using CuraDebt
Let’s also look into some of the negatives of CuraDebt.
Debt settlement and debt relief typically require you to stop making payments using the credit card you use. Therefore, if you’re trying improve your standing on credit scores, you might set you back while you’re getting rid of your credit card debt.
CureDebt doesn’t even have a mobile app available. While they have a client website, it looks aged and simple. It’s not very intuitive, and it can be difficult to navigate.
In addition, they’re not recognized by the Better Business Bureau although they did receive an A+ rating.
The Final Verdict
CuraDebt is a good program that allows you to pay off your debts without spending more on these kinds of services. Moreover, their 20% service fee is cheaper than most businesses that charge a 25% fee. There is no upfront payment, and you will only be required to pay once your debt is finally settled.
Although they’ll allow you to access an account to see your progress but their website isn’t simple to navigate. CuraDebt isn’t even an app, which could make it easier for you to look at your progression.
However, they have a competent support staff and can be reached them not just via email but also via phone or submitting an e-ticket. American Tax Payer Relief Act
If credit card is a major issue 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 American Tax Payer Relief Act
How long will it take to complete the course?
The average program is between 24 and 48 months depending on the amount of your debt as well as your agreement on the settlement.
Can CuraDebt assist with tax problems in the state?
Yes, CuraDebt offers a program for tax relief to assist you with issues such as delinquent payroll taxes and garnishments on wages.
What do I need to do when I’m enrolled in the program?
You’ll have to keep in constant contact with your team members and pay the required payments to lower the amount of debt you have over time.