Have your debts increased lately? Are you tired of trying different financial advice and strategies but still have unsolved issues?
Perhaps you’re here because you’ve already tried everything.
In the majority of cases, the best way is to approach experts who can assist to resolve this issue.
CuraDebt is one of the companies that get the most inquiries. A lot of people have been inquiring whether they can help you or put you in more debt.
According to their clients they can help you manage the majority of your debts so that you are able to take few things off of your shoulders.
For some, these claims are just too good to be true.
You might be looking for something that will help you resolve your debt. In that case, CuraDebt will mostly be recommended by people. We’ll be taking a deep review of the way CuraDebt is used and the problems it can solve for you.
In addition, prior to our conclusion, we’ll also look into its advantages and drawbacks.
Before you begin the review, you can check out this video instead if you prefer 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 overview. Afterward, you’ll want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company Bad Debt Relief Corporation Tax Hmrc
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000, and is an active part of the American Fair Credit Council, the US Chamber of Commerce, and is accredited by the International Association of Professional Debt Arbitrators.
Although it is accredited, certain states have limited their access to their services.
What CuraDebt do?
Assistance in settling your debt is the most well-known feature. However, they also offer additional services to aid you in becoming more financially secure.
The process begins by requesting a free online savings estimate. It is a completely private service and won’t be conducting a credit screening. With this estimate of savings, you will learn more about your alternatives to debt-free.
This estimate of savings, as mentioned previously, offers you the opportunity to consider your options regardless of whether you’re going to keep using CuraDebt.
CuraDebt will assign you a financial counselor and a team of support to help you with credit arbitration if you decide to join. Some financial advisors can help you with your debt-free journey.
After your debt settlement program, CuraDebt can be the agency to take care of all your creditors’ calls. They will be the ones who will negotiate conditions of the settlement depending on the condition of your financial situation. Depending on which works best for you, it can either be a lump sum settlement or an installment plan.
Moreover they will be working with creditors so that you can have better rates as you deposit money to your savings account. This, in turn, will be processed to pay off creditors. Their programs can assist you to get rid of debt in just 48 months.
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 sign in to CuraDebts Client Portal to monitor your performance.
Before you are able to avail the program, you’ll have to meet their eligibility requirements first. To be eligible, you’ll need to be:
- At least 21 years old
- Have a verifiable income
- Have a minimum debt of $5,000
What are they able to assist you with?
Here are some of the ways CuraDebt can aid you.
The name of the company suggests that CuraDebt can assist you in dealing with your debt. They are able to negotiate settlements on your behalf to settle the majority of types of debt. This includes medical bills, personal loans credit cards and loans. You can also approach them to help settle any remaining balance of business debt collection, repossessions, or collections.
They may even assist you in negotiating on tax owed and IRS debt. However, you will not receive assistance with the majority of your lawsuits, government loans, collateral, and utility bills. Also, they don’t cover the majority of student loans.
On the other hand, they will assist you in navigating laws such as those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify creditor violations to ensure that you receive cash settlements, if they are possible. Certain violations may lead to having your debts removed as well.
CuraDebt lets you repay debt for less than the amount you have. You can also inquire about your debt during their no-cost meeting with their debt advisor.
The best part about the program is that you will only have to pay for the charges after your debt has been settled. All you have to sign up to one of their plans, and you’ll have the ability to resolve all of your debts.
Tax Management and Relief
CuraDebt will also handle the tax liabilities you have. After they have gathered all your financial records and tax documents, they’ll also collect all the paperwork you’ll need to file tax returns.
Through this program, you’ll be able to resolve the various types of tax problems such as garnishments on wages, tax penalties, personal and business taxes as well as back taxes and trust fund penalties and tax lien.
There aren’t any hidden charges either. They only offer flat-fee prices, which depends on the amount that you’ll must settle.
There are a variety of options in paying off taxes. Here are six of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What types of debt can they help you with?
Although they specialize in debt settlement, it is not their specialty but they aren’t able to offer all kinds in debt resolution. CuraDebt concentrates on debt that is not secured. They can’t assist you if your loan or debt is linked to an item that is physical.
However, if you have one of the following kinds of debt, they’ll arrange settlements for you.
With CuraDebt it is expected that you will be able to settle tax debts that were due to be paid without difficulty. Additionally, this service is offered to all 50 states if you have a debt in arrears to IRS. They have federal tax experts who can assist you in resolving these types of issues.
CuraDebt will also help you resolve any medical-related debt. In some cases you could even settle them less than the amount you are owed.
Private Student Loan
CuraDebt does not cater to the federal government’s student loan. However, they can assist private students with negotiating any student loans that they are owed.
Personal and payday loans are also eligible as debt-settling programs. You may also be eligible if you have other unsecured credit lines you obtained from another financial institution or bank.
Credit Card Debt
If you are in debt through store credit cards, 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 the way they’ve priced their services. They don’t charge upfront fees. You’ll only pay once you settle each of your outstanding debts.
Also, they do not charge high costs either. On average, you’ll have to pay as much as 20 percent of the debt you settled through them.
In the average, this kind of business can cost anywhere from 15% to 25 percent.
Moreover, clients can expect to settle their debts within 2 to 4 years. However, this also varies depending on the amount that you save per month.
Additionally, they claim that you can save up to 30% if you include their fees in your equation.
However, this statement will depend on the situation. Some clients even mentioned saving between 50% and 80percent.
The benefits of using CuraDebt
Once you’ve got a clearer picture of what CuraDebt offers, Let’s take a look at the benefits from using CuraDebt.
First, CuraDebt is only charged once you’ve paid off your debt. In addition they charge only an amount of 20%, while most companies charge you 25 percent.
Then, if you’re done with the debt settlement program, you could also sign up for their credit restoration program.
It’s a fantastic option to rebuild your credit score without going back into debt. However, the program lasts different for every person, depending on your situation.
Lastly, CureDebt looks into your debt so that they can help with settlements and negotiations. This means the amount you owe won’t rise over time. They’ll also look into any creditor violations using their own experts.
Drawbacks of using CuraDebt
Let’s also look into some of the disadvantages of CuraDebt.
Debt relief and debt settlements usually require that you stop paying with your credit card. So if you’re trying to improve your rating on your credit, this might cause you to delay working on your debt.
CureDebt doesn’t even have a mobile app. Although they have a client website but it’s old and mundane. It’s not very user-friendly, and can be difficult to navigate.
Moreover, they are still not credited with an accreditation from the Better Business Bureau although they did receive an A+ rating.
The Final Verdict
CuraDebt is a great program that allows you to resolve your debt without having to spend more for these types of services. Moreover the 20% service charge is lower than many companies that offer the 25% cost. There are no upfront payments and you’ll only have to pay the fee when the debt is settled.
Although they’ll give you an account so that you can track your progress, their website is not simple to navigate. CuraDebt isn’t even an app, which will make it easier to track your progression.
However, they have a great support team and can be reached them not only through emails but also by phone or sending an electronic ticket. Bad Debt Relief Corporation Tax Hmrc
If debt is a big problem, then we strongly recommend CuraDebt’s debt management program. Be sure to be eligible and that the programs they offer are available in your state.
FAQ Bad Debt Relief Corporation Tax Hmrc
How long will it take to complete the course?
The average program is 24 to 48 months, depending on the amount of your debt and the stipulated settlement.
Can CuraDebt assist with state tax problems?
Sure, CuraDebt provides tax relief programs to help you with problems such as late payroll taxes and wage garnishments.
What do I need to do after joining the program?
You’ll have to keep in constant contact with your team members and pay the required payments to reduce your debt over time.