Are you experiencing debt that has been increasing lately? Are you exhausted from trying different financial advice and strategies but haven’t solved your problems?
Maybe you’re here because tried every thing.
In the majority of cases, your most effective approach is to talk to professionals that can help you resolve the issue.
CuraDebt is one of the most asked companies. A lot of customers have asked if they can assist you or help you get into more debt.
According to their customers, they can help you manage the majority of your debts so that you are able to take couple of things off your shoulders.
However, for certain people, these claims are just too good to be true.
Suppose you’re on the lookout for anything that can help you resolve your debt. If that’s the situation, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep look at how CuraDebt is used and the problems it can help you solve.
Furthermore, before we conclude our discussion, we’ll take a look at the advantages and disadvantages of this method.
Before you begin the review, you can check out this video instead in case you would 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 will want to read the rest of our article for a more comprehensive review of CuraDebt.
About the Company Coronavirus Unemployment Benefits Tax Relief Act
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000 and has since become an active participant in the American Fair Credit Council, the US Chamber of Commerce, and accredited by the International Association of Professional Debt Arbitrators.
Although it is accredited, certain states have restricted their services.
What CuraDebt do?
Helping you settle your debt is one of CuraDebt’s best well-known feature. However, they also offer other services that will help you be more financially stable.
First of all, it begins with requesting a free online savings estimate. This service is very confidential and they will not conduct a credit inquiry. With this estimate of savings you’ll be able to learn more about the alternatives to debt-free.
This estimate of savings, as we’ve mentioned earlier, provides you with the opportunity to consider your choices regardless of whether you’re planning on using CuraDebt.
CuraDebt will assign you a financial advisor and a team of support to assist you with credit arbitration in the event that you decide to enroll. Financial advisors may be able to assist you on your path to debt-free living.
Following the debt settlement plan, CuraDebt can be the one to handle all of your creditor’s calls. They’ll also be the ones that determine the terms of your repayment in accordance with the state of your financial situation. Depending on which works most effectively for you, it can either be a lump sum settlement or a payment plan.
Furthermore they will also be working with the lenders to help you get better rates when you deposit money to your savings account, which in turn, will be processed to pay the creditors. The plans they offer can help you pay off the debt in the period of 48 months.
After you’ve registered with them, they will allow you access to your account information 24 hours a day. All you need to do is log in to CuraDebts’ client portal to monitor your progress.
Before you are able to avail their program, you’ll need to satisfy their criteria first. To be eligible, you’ll have to meet the following requirements:
- At least 21 years old
- Have a verifiable income
- Minimum debt must be $5,000
What are they able to assist you?
Here are some of the ways CuraDebt can assist you.
Like their name implies, CuraDebt can assist you in dealing with your debt. They are able to negotiate settlements on your behalf for the majority of types of debt. They can help with personal loans, medical bills credit cards, and also lines of credit. They can also be approached to pay off any remaining balance of business debt, collections, or repossessions.
They can even help negotiate for back taxes as well as IRS debt. However, you will not receive assistance for the majority claims, loans from the government or collateral, as well as utility bills. Also, they don’t cover the majority of student loans.
On the other hand, they can help you use laws like the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify the violations of creditors so that you can have cash settlements, if possible. Some violations can also result in having your debts dismissed as well.
CuraDebt also allows you to settle debt with less than the sum you have. You can also inquire about your debt during their no-cost consultation with their debt counselor.
The most appealing aspect of their program is that you’ll only pay the fees after your debt has been settled. All you need to do is sign up with one of their plans, and you’ll be able to settle each of your debts.
Tax Management and Relief
CuraDebt can also deal with taxes. After they have gathered all your financial documentation, they will also collect all the necessary paperwork to file tax returns.
By using this program, you will be able to deal with the various types of tax problems such as garnishments on wages, tax penalties, personal and business taxes as well as back taxes as well as trust fund penalties and tax liens.
There aren’t any hidden charges also. They use only flat-fee pricing, which depends on the amount that you’ll have to pay.
There are a variety of options for settling the tax debt. Here are 6 of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What types of debt are they able to help with?
Although they specialize in debt settlement, it is not their specialization but they aren’t able to cater to all types of settlement. CuraDebt concentrates on loans that are not secured. They can’t help you if your loan or debt is linked to a physical item.
If you do have the following kinds of debt, they’ll make arrangements for settlements.
With CuraDebt it is expected that you will be able to pay your past-due tax debts without difficulty. Moreover, this type of service is offered to all 50 states if you have a debt towards the IRS. There are tax experts from the federal government that can help you resolve these types of issues.
CuraDebt can also help resolve the medical bills. In some instances you might even be able to pay them less than the amount you have to pay.
Private Student Loan
CuraDebt doesn’t cater to federal student loans. Still, they can help private students negotiate any loans they have to pay.
Payday loans and personal loans also qualify for the debt settlement program. It is also possible to avail the program if you have other unsecured credit lines that you got from another bank or financial institution.
Credit Card Debt
If you are in debt through store credit cards as well as traditional credit cards and private-label credit cards CuraDebt can help you pay it off.
What will it cost you?
The best part about CuraDebt is how they’ve priced their service. They don’t charge an upfront fee. The only time you pay is when you’ve paid each of your outstanding debts.
Also, they do not charge high charges either. In the average, you’ll need to pay up to 20 percent of the debt you settled through them.
In general, this type of industry can charge anywhere from 15% to 25 percentage.
Moreover, clients can expect to settle their debt from 2 to 4 years. But, it also differs according to the amount you are able to save each month.
Additionally, they claim that you can save as much as 30% by incorporating their costs into your calculations.
However, this statement will depend on your specific situation. Some clients even mentioned saving 50% to 80%.
Advantages to using CuraDebt
Now that you have a clearer picture of what CuraDebt offers, let’s explore the benefits from using CuraDebt.
In the beginning, CuraDebt is only charged once you’ve paid off your debt. Furthermore, they only charge a 20% fee while many companies charge 25%.
If you’re finished with the debt settlement program, you can enroll in their credit restoration program.
It’s a great way to restore the credit rating without having to go back into debt. However, the program runs differently for each person dependent on the circumstances of your case.
Finally, CureDebt looks into your credit to assist in settlements and negotiations. This means your debt won’t inflate as time passes. They’ll also investigate any violations by creditors with the assistance of their in-house experts.
Some disadvantages to the use of CuraDebt
We will also examine some of the disadvantages of CuraDebt.
Settlement of debt and debt relief typically require you to stop making payments using the credit card you use. If you’re trying to build a better rating on your credit, this may cause you to delay getting rid of your credit card debt.
CureDebt also doesn’t have a mobile app available. Although they have a client website but it’s old and mundane. It’s not particularly intuitive and could be challenging to navigate.
Furthermore, they are not recognized by an accreditation from the Better Business Bureau although they received an A+ grade.
The Final Verdict
CuraDebt is a good program that will allow you to settle your debt without spending more for these types of services. In addition, their 20% service cost is lower than many companies that offer a 25% fee. There is no upfront payment and you’ll only have to pay when the debt is settled.
Although they’ll give you an account that allows you to track your progress but their website isn’t user-friendly. CuraDebt also doesn’t have an app that would make it easier to look at your progression. Coronavirus Unemployment Benefits Tax Relief Act
However, they have a great support team, and you can reach them not just via email but also by phone or sending an e-ticket. Coronavirus Unemployment Benefits Tax Relief Act
If your credit card is a major problem right now, we recommend CuraDebt’s service. Just make sure that you’re eligible and that the services that they provide are offered in your state.
FAQ Coronavirus Unemployment Benefits Tax Relief Act
How long does it take to finish the program?
The average program is between 24 and 48 months depending on the amount of your debt as well as the agreed settlement.
Can CuraDebt aid in the fight against state tax issues?
It is true that CuraDebt provides tax relief programs to assist you with issues like delinquent tax and garnishments on wages.
What’s the first thing I have to do after joining the program?
You’ll need to constantly communicate with the team and pay the required payments to reduce your debt over time.