Have your debts been increasing lately? Are you exhausted from trying various financial advice and tips but you’re still struggling with unsolved problems?
Maybe you’re here because you’ve already tried everything.
In the majority of cases, the most effective approach is to talk to experts who can assist you resolve the 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 into more debt.
According to their customers, they can assist you in managing 80% of your debt , so you can finally take a couple of things off your plate.
But for some people they believe these claims are too good to be true.
You might be looking for something that will aid you in settling your debt. If that’s the situation, CuraDebt will mostly be recommended by people. We’ll be taking an in-depth review of how CuraDebt operates and what issues it can help you solve.
Furthermore, before we conclude our discussion, we’ll take a look at its benefits and drawbacks.
Before you begin the review, you can go to this video for a more relaxing way watching 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 the article for a more comprehensive review.
About the Company Better Business Bureau Tax Relief Specialists
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000 and has since become an active member of the American Fair Credit Council, the US Chamber of Commerce, and has been accredited with the International Association of Professional Debt Arbitrators.
Although the service is accredited, some states have restricted their services.
What CuraDebt do?
Assistance in settling your debt is the most known feature. But they offer additional services to help you be more financially stable.
First of all, it begins with requesting a free savings estimate online. It is a completely private service and won’t conduct a credit inquiry. By using this estimate of savings you’ll be able to be able to learn more about the alternatives to be debt-free.
The savings estimate, as mentioned before, gives you the opportunity to consider your options regardless of whether or not you’re planning on using CuraDebt.
CuraDebt will assign you a financial advisor as well as a support team to help you with credit arbitration if you decide to join. Financial advisors may be able to assist you with your debt-free journey.
After your debt settlement program is completed, CuraDebt is the agency to answer all of your creditors’ calls. They’ll also be the ones that will negotiate the terms of your settlement depending on the condition of your financial situation. In determining which option is the most effectively your situation, the payment can be either a lump sum settlement or the option of a payment plan.
Moreover they will also be working with the creditors to ensure that you have better rates as you make deposits to your savings account, which is then processed to pay back the creditors. Their programs can assist you to get rid of debt in just the period of 48 months.
After you’ve signed up with them, they’ll provide you with access to your account information 24 hours a day. All you have to do is log in to CuraDebts Client Portal to track your progress.
Before you are able to avail their program, you’ll need to satisfy their criteria first. To be eligible, you’ll need to meet the following criteria:
- Minimum 21 years old
- Earn a reliable income
- You must have a minimum balance of $5,000
What are they able to assist you with?
Here are the different ways CuraDebt can aid you.
The name of the company suggests that CuraDebt can assist you in dealing with debt. They can negotiate settlements on behalf of you for most types of debt. These include personal loans, medical bills, credit cards as well as line of credit. They are also able to settle any outstanding balance on business debt, collections, or repossessions.
They can even help negotiate on tax owed and IRS debt. But, you won’t receive assistance with the majority claims, loans from the government as well as collateral and utility bills. They also don’t cover most student loans.
On the other hand, they can assist you with laws like the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find 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 dismissed as well.
CuraDebt also allows you to repay debt for less than the amount you have. Additionally, you can have questions answered during a free consult with their debt counselor.
The greatest benefit of their plan is that you’ll only have to pay for the charges after your debt has been settled. All you have to sign up for any of the plans, and you’ll be able settle each of your debts.
Tax Management and Relief
CuraDebt can also deal with your tax debt. After they have gathered all your financial documentation They will also gather all the paperwork you’ll need for tax returns.
Through this program, you’ll be able to deal with different types of taxes such as garnishments on wages as well as tax penalties for personal and taxation for business and back taxes, trust fund penalties, and tax liens.
There aren’t hidden fees also. They use only flat-fee pricing, which depends on the amount you must settle.
They have different solutions in paying off your tax debt. Here are six of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What kind of debt can they help you with?
Although debt settlement is their specialty, they don’t provide all kinds of debt settlement. CuraDebt is only focused on unsecured debt. They won’t be able to assist you if your debt or loan is tied to a physical item.
If, however, you are in the following types of debt, they will negotiate settlements on your behalf.
With CuraDebt the service, you’ll be able to pay your past-due tax debts without any problems. Additionally, this service is offered to all 50 states if you owe money to the IRS. There are tax experts from the federal government that can help you resolve the issues.
CuraDebt will also help you resolve your medical debt. In some instances you might even be able to pay them for less than what you are owed.
Private Student Loan
CuraDebt does not offer the federal government’s student loan. Still, they can help private students with negotiating any student loans that they have to pay.
Personal loans and payday loans are also eligible for the debt settlement program. You can also avail the program if you have other unsecure credit lines you obtained from an alternative financial institution or bank.
Credit Card Debt
If you are in debt through store credit cards or traditional credit cards as well as private label credit card CuraDebt can help you pay it off.
What is the cost?
The greatest thing about CuraDebt is how the company has priced its services. They don’t charge upfront fees. You’ll only pay once you have paid off all of your outstanding debts.
Also, they don’t charge high costs either. In the average, you’ll need to pay as much as 20 percent of the debt that you settled with them.
In general, this type of industry charges from 15% to 25%.
Additionally, customers can anticipate to pay off their debts in two to four years. However, this also varies according to the amount you are able to save each month.
They also claim that you could save as much as 30% when you factor in their charges into your calculation.
But this claim will also vary, depending on the situation. Some customers have even talked about saving 50 to 80%.
Benefits of using CuraDebt
Now that you have an idea of what CuraDebt can offer you let’s explore the benefits of using CuraDebt.
The first is that CuraDebt only charges you when you’ve paid off your debt. Furthermore they only charge an amount of 20%, while many companies charge 25 percent.
Then, if you’re done in the process of debt resolution, you could also sign up for their credit restoration program.
It’s a great way to restore your credit score without having to go 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 assist in settlements and negotiations. This means your debt won’t inflate over time. They’ll also look into any violations by creditors with the help of their experts in-house.
Some disadvantages to using CuraDebt
Let’s also consider some of the disadvantages of CuraDebt.
Settlement of debt and debt relief typically require you to stop making payments using . If you’re trying to increase your rating on your credit, this could cause you to delay getting rid of your credit card debt.
CureDebt doesn’t even have a mobile app available. While they have a client website, it looks old and mundane. It’s not particularly intuitive and could be difficult to navigate.
Furthermore, they are not recognized by an accreditation from the Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a useful program that allows you to resolve your debt without having to spend more for these types of services. In addition their 20% service cost is lower than many companies that offer the 25% cost. There is no upfront payment, and you will only have to pay the fee when your debt is finally settled.
Although they’ll allow you to access an account so that you can track your progress, their website is not simple to navigate. CuraDebt does not have an app, which would make it easier to look at your performance.
But, they do have a competent support staff that you can contact them not just via email but also via phone or making an electronic ticket. Better Business Bureau Tax Relief Specialists
If the credit card is a major problem right now, we strongly recommend CuraDebt’s debt management program. Just make sure that you’re qualified and that the services they provide are in your state.
FAQ Better Business Bureau Tax Relief Specialists
What is the time frame to finish the program?
The average program is between 24 and 48 months dependent on the size of your debt as well as your agreed settlement.
Can CuraDebt assist with state tax problems?
Sure, CuraDebt offers a program for tax relief that will aid you in dealing with problems like delinquent tax issues and garnishments on wages.
What’s the first thing I have to do after joining the program?
You’ll be required to communicate with the team and make the necessary payments to lower your debt over time.