Are you experiencing debt that has been increasing lately? Are you burnt out from trying various financial advice and tips but you’re still struggling with unsolved problems?
Perhaps you’re here because you’ve tried every thing.
In the majority of cases, the best option is to speak with experts who can help you resolve the issue.
CuraDebt is one of the companies that get the most inquiries. A lot of customers have asked if they can assist you or put you into more debt.
According to their clients they can assist you in managing 80percent of your debt , so you can finally take a few things off of your shoulders.
However, for certain people they believe these claims are too good to be true.
If you’re looking for anything that can assist you in paying off your debt. In this case, CuraDebt will mostly be suggested by people. We’ll take a deeper look at how CuraDebt works and what problems it can solve for you.
Furthermore, before we conclude we’ll look at the advantages and disadvantages of this method.
Before you begin the review, check out this video instead if you prefer watching 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 review. After, you’ll want to read the rest of the article for a more comprehensive review.
About the Company Can Businesses Use Tax Relief Services
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000, and is a member of the American Fair Credit Council, the US Chamber of Commerce, and is accredited by the International Association of Professional Debt Arbitrators.
While it is accredited, some states have restricted their services.
What CuraDebt do?
Assistance in settling your debt is CuraDebt’s most popular feature. They also provide additional services to help you be more financially secure.
It all begins by requesting a free savings estimate online. The service is completely confidential and won’t be doing a credit check. With this savings estimate you’ll be able to learn more about your options to debt-free.
This estimate of savings, as we’ve mentioned previously, offers you an insight into your choices regardless of whether or not you’re planning on using CuraDebt.
CuraDebt will assign you a financial counselor and a team of support to assist you with the process of credit arbitration should you choose to enroll. Financial advisors may be able to assist you with your debt-free journey.
After your debt settlement program, CuraDebt can be the one to handle all of the calls from your creditors. They will also be the ones that will negotiate what you will pay for your settlement based on the status of your financial situation. Based on what works best to you, this could be either a lump sum settlement or a payment plan.
Moreover, they will be working with the 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 the period of 48 months.
After you’ve signed up with them, they’ll allow you access to your data 24/7. All you need to do is login to CuraDebts the client portal to monitor your development.
Before you can avail of the program, you’ll have to meet their eligibility requirements first. To be eligible, you’ll need to meet the following criteria:
- Minimum 21 years old
- Verifiable income
- You must have a minimum balance of $5,000
What can they help you with?
Here are the different ways CuraDebt can help you.
The name of the company suggests that CuraDebt will assist you in dealing with debt. They can negotiate settlements on your behalf to settle the majority of types of debt. This includes medical bills, personal loans, credit cards and lines of credit. They can also be approached to help settle any remaining balance of business debt and collections or repossessions.
They may even assist you in negotiating on tax owed as well as IRS debt. But, you won’t receive assistance with the majority of your lawsuits, government loans, 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 can also assist you in identifying the violations of creditors to ensure that you receive cash settlements, if possible. Certain violations could cause your debt to be removed as well.
CuraDebt lets you settle debt with less than the amount you own. Additionally, you can inquire about your debt during their no-cost consult with their debt counsellor.
The greatest benefit of their plan is that you’ll only pay the fees when your debt is paid off. All you have to sign up to any of the plans and you’ll be able resolve all of your debts.
Tax Management and Relief
CuraDebt can also deal with your tax debt. Once they collect all of your financial records They will also gather all the documents you’ll require for tax returns.
Through this program, you should be able to solve different types of taxes like garnishments on wages and tax penalties, personal and taxation for business, back taxes, trust fund penalties, and tax lien.
There aren’t any hidden charges also. They use only flat-fee pricing that is based on the amount you’ll must settle.
They offer different options in paying off your tax debt. Here are 6 of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What types of debt are they able to help with?
Although debt settlement is their specialty, they don’t provide all kinds of settlement. CuraDebt only focuses on loans that are not secured. They won’t be able to assist you if your credit or loan is tied to an item that is physical.
If you do have the following types of debt, they will arrange settlements for you.
With CuraDebt it is expected that you will be able to settle taxes that are due without any issues. Moreover, this type of service is offered to all 50 states if you have a debt to the IRS. They have federal tax experts who can assist you in resolving the issues.
CuraDebt can also assist in settling your medical debt. In some cases you might even be able to pay them less than the amount you have to pay.
Private Student Loan
CuraDebt does not offer federal student loans. They can however assist private students with negotiating any loans they are owed.
Personal loans and payday loans are also eligible for the debt settlement program. You may also be eligible of the program if you also have other unsecured credit lines you obtained from a different bank or financial institution.
Credit Card Debt
If you are in debt through store credit cards or traditional credit cards and private-label credit cards, CuraDebt can help you pay it off.
How much will it cost?
The most appealing aspect of CuraDebt is how they’ve priced their services. They do not charge an upfront cost. You’ll only pay once you settle each of your outstanding debts.
Additionally, they don’t charge high fees as well. On average, you’ll have to pay between 20 and 20% of the debt you settled with them.
On average, this type of industry charges between 15% and 25 percentage.
Additionally, customers can anticipate to pay off their debts in 2 to 4 years. This varies in relation to the amount you are able to save each month.
Additionally, they claim that you could save as much as 30% by incorporating their charges into your calculation.
However, the claim may vary, depending on the situation. Some customers have even talked about saving 50 to up to 80%.
Advantages to using CuraDebt
Now that you have an understanding of what CuraDebt can offer you let’s look into the advantages of using CuraDebt.
First, CuraDebt only charges you when you’ve paid off your debt. In addition they charge only a 20% fee while the majority of companies charge 25 percent.
Then, if you’re done with the debt settlement program you can also sign up for their credit repair program.
It’s a great option to rebuild your credit without going back into debt. However, the program runs in a different way for each individual according to your personal situation.
Finally, CureDebt looks into your financial obligations to help with settlements and negotiations. It means that your debt won’t inflate as time passes. They’ll also look into any violations by creditors with the help of their own experts.
Drawbacks of the use of CuraDebt
We will also examine some of the drawbacks of CuraDebt.
Settlement of debt and debt relief typically require you to cease making payments with your credit card. So if you’re trying to increase your credit score, it may set you back while you’re working on your obligations.
CureDebt also doesn’t have a mobile app. Although they have a website that clients can access but it’s aged and simple. It’s not very user-friendly, and can be challenging to navigate.
In addition, they’re not accredited with the Better Business Bureau although they were awarded an A+ rating.
The Final Verdict
CuraDebt is a good program that will allow you to resolve your debt without having to spend more on those types of services. Additionally the 20% service fee is lower than many firms that charge the 25% cost. There is no upfront payment and you’ll only have to pay the fee when the debt is paid off.
While they’ll provide you with an account so that you can track your progress but their website isn’t easy to navigate. CuraDebt isn’t even an app yet, which could make it easier for you to monitor your progress.
However, they have a good support team and can be reached them not only through emails but by phone or by sending an e-ticket. Can Businesses Use Tax Relief Services
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 that they provide are offered in your state.
FAQ Can Businesses Use Tax Relief Services
What is the time frame to complete the course?
The program typically takes between 24 and 48 months dependent on the size of your debt and the agreement on the settlement.
Can CuraDebt assist in the fight against state tax issues?
Yes, CuraDebt offers a program for tax relief to help you with problems such as late payroll taxes and garnishments on wages.
What should I do when I’m enrolled in the program?
You’ll need to constantly communicate with your team members and make the necessary payments to reduce the amount of debt you have over time.