Are you experiencing debt that has been piling up lately? Are you exhausted from trying various financial tips and advice but haven’t solved your problems?
Perhaps you’re here because you’ve tried everything.
In most cases, the best way is to approach professionals that can help to resolve this issue.
CuraDebt is among the most frequently contacted companies. A lot of people have been inquiring whether they can help you or put you into more debt.
According to their clients, they can assist you in managing the majority of your debts so that you can take couple of things off your mind.
But for some people, these claims are just too good to be true.
You might be looking for any solution that could assist you in paying off your debt. In this situation, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep look at how CuraDebt works and what problems it can solve for you.
In addition, prior to our conclusion we’ll look at 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. After, you’ll want to read the rest of the article for a more comprehensive review.
About the Company Claiming Tax Relief On Pension Payments
CuraDebt is a debt relief company from Hollywood, Florida. It was founded in 2000 and has since become an active member of the American Fair Credit Council, the US Chamber of Commerce, and is accredited with the International Association of Professional Debt Arbitrators.
Although the service is accredited, some states have limited their access to their services.
What CuraDebt do?
Assistance in settling your debt is CuraDebt’s most popular feature. However, they also offer other services that can help you be more financially stable.
It all begins with requesting a free online savings estimate. It is a completely private service and won’t be doing a credit check. With this estimate of savings you’ll discover more about options to debt-free.
Savings estimates, as we’ve mentioned before, gives you an insight into your options regardless of whether you’re planning on using CuraDebt.
CuraDebt will assign you a financial advisor as well as a support team to assist you with the process of credit arbitration should you choose to enroll. Certain financial advisors can assist you in your debt-free journey.
Following the debt settlement plan, CuraDebt is the company to take care of all your creditor’s calls. They’ll also be the ones who will determine what you will pay for your settlement based on the status of your finances. In determining which option is the best your situation, the payment can either be a lump sum settlement or the option of a payment plan.
Additionally they will also be working with creditors so that you can enjoy better rates when you make deposits to your savings account. This in turn, will process to pay off the creditors. Their programs can assist you to pay off the debt in the period of 48 months.
After you’ve signed up with them, they will give you access to your data 24/7. All you need to do is sign in to CuraDebts Client Portal to track your development.
Before you are able to avail the program, you’ll have to pass their requirements first. To be eligible, you’ll have to be:
- At least 21 years old
- Have a verifiable income
- Minimum debt must be $5,000
What can they help you with?
Here are the different ways CuraDebt can aid you.
Like their name implies, CuraDebt will assist you in dealing your debt. They are able to negotiate settlements on your behalf for most types of debt. These include personal loans, medical bills, credit cards as well as line 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 for back taxes as well as IRS debt. However, you won’t get support for most of your lawsuits, government loans as well as collateral and utility bills. They also don’t cover most student loans.
On the other hand, they can assist you in navigating laws such as 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 in order to get cash settlements, if possible. Certain violations could cause your debt to be removed as well.
CuraDebt also allows you to settle debt with less than the amount you have. You can also ask questions during their free meeting with their debt counsellor.
The most appealing aspect of the program is that you only have to pay for the charges once your debt is settled. All you have to sign up for some of their programs, and you’ll be able to resolve all of your debts.
Tax Management and Relief
CuraDebt can also help you with taxes. After they have gathered all your financial documentation, they will also collect all the necessary paperwork for tax returns.
By using this program, you will be able to solve different types of taxes such as wage garnishments as well as tax penalties for personal and corporate taxes as well as back taxes and trust fund penalties and tax liens.
There aren’t hidden fees also. They use only flat-fee pricing, which depends on the amount you need to settle.
They offer different options when it comes to settling the tax debt. Here are 6 options:
- 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?
While debt settlement is their forte however, they do not provide all kinds of settlement. CuraDebt is only focused on debt that is not secured. They can’t help you if the debt or loan is tied to an actual item.
If, however, you are in the following kinds of debt, they will negotiate settlements on your behalf.
With CuraDebt, you should be able pay off your past-due tax debts without any problems. Additionally, this service is accessible to all 50 states if you owe money towards the IRS. There are federal tax experts who can assist you in resolving these types of issues.
CuraDebt can also help resolve any medical-related debt. In some cases you might even be able to pay the debt for less than you owe.
Private Student Loan
CuraDebt does not offer federal student loans. Still, they can help private students with negotiating the student loans they are owed.
Personal and payday loans are also eligible for the debt settlement program. It is also possible to avail the program the program if you have other unsecure credit lines you obtained from an alternative bank or financial institution.
Credit Card Debt
Whether you have debt with store credit cards or traditional credit cards and private-label credit cards, CuraDebt will help you pay it off.
What will it cost you?
The greatest thing about CuraDebt is how they’ve priced their services. They do not charge an upfront cost. Only pay when you have paid off all of your debts.
Additionally, they do not charge high fees as well. In the average, you’ll need to pay up to 20 percent of the debt you settled with them.
In the average, this kind of business can cost anywhere from 15% to 25%.
Moreover, clients can expect to settle their debts within 2 to 4 years. But, it also differs in relation to the amount you save per month.
Also, they claim you can save as much as 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.
Benefits of using CuraDebt
Now that you have an understanding of the benefits CuraDebt can offer you let’s look into the advantages that come with using CuraDebt.
In the beginning, CuraDebt only charges you once you’ve paid off your debt. Additionally, they only charge a 20% fee while most companies charge you 25 percent.
Next, if you’re done with the debt settlement program, you may enroll in their credit restoration program.
It’s a great method to improve your credit score without going back into debt. However, the program lasts in a different way for each individual dependent on the circumstances of your case.
Finally, 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 look into any creditor violations with the assistance of their own experts.
Drawbacks of the use of CuraDebt
We will also examine some of the disadvantages of CuraDebt.
Settlement of debt and debt relief usually require that you stop making payments using your credit card. Therefore, if you’re trying improve your credit score, it might set you back while you’re finishing your obligations.
CureDebt doesn’t even have a mobile app. While they have a client website, it looks aged and simple. It’s not very user-friendly, and can be difficult to navigate.
In addition, they’re not credited with the Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a good program that lets you settle your debt without spending more for these types of services. Moreover, their 20% service charge is cheaper than most companies that offer a 25% fee. There aren’t any upfront fees, and you will only have to pay the fee when the debt is paid off.
Although they’ll allow you to access an account to see your progress but their website isn’t user-friendly. CuraDebt does not have an app, which would make it easier to monitor your progress.
But, they do have a good support team, and you can reach them, not only via emails but also via phone or submitting an electronic ticket. Claiming Tax Relief On Pension Payments
If your credit card is a major issue right now, we strongly recommend CuraDebt’s debt management program. Make sure you’re eligible and that the services they offer are available in your state.
FAQ Claiming Tax Relief On Pension Payments
How long will it take to complete the program?
The average program is between 24 and 48 months depending on the amount of your debt as well as the stipulated settlement.
Can CuraDebt aid in the fight against state tax issues?
Sure, CuraDebt offers a program for tax relief that will aid you in dealing with problems such as delinquent payroll taxes and garnishments of wages.
What do I need to do after joining the program?
You’ll be required to communicate with the team and make the necessary payments to reduce your debt over time.