Have your debts increased lately? Are you exhausted from trying other financial tips and advice but haven’t solved your problems?
Perhaps you’re here because you’ve been through everything.
In the majority of cases, your most effective approach is to talk to professionals that can help to resolve this issue.
CuraDebt is one of the most asked companies. Many customers have asked if they are able to help or help you get into more debt.
According to their customers, they can assist you in managing 80percent of your debts so that you can finally take a couple of w
orries off your shoulders.
But for some people, these claims are just too good to be true.
Suppose you’re on the lookout for something that will help you resolve your debt. In that scenario, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep review of how CuraDebt operates and what issues it can solve for you.
Moreover, before we end we’ll look at its advantages and drawbacks.
Before starting the review, watch this video instead if you prefer for it to be watched.
Otherwise, let’s begin.
Before you go on, you may want to check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick overview. Afterward, you will want to read the rest of the article for a more comprehensive review.
About the Company Curadebt Negative Reviews
CuraDebt is a debt relief company from Hollywood, Florida. It was founded in 2000, and is a part of the American Fair Credit Council, the US Chamber of Commerce, and is accredited with the International Association of Professional Debt Arbitrators.
Although it is accredited, certain states have limited their access to their services.
What can CuraDebt do?
Helping you pay off your debt is one of CuraDebt’s best well-known feature. But they offer other services that can aid you in becoming more financially stable.
It all starts by requesting a no-cost savings estimate online. It is a completely private service and won’t be doing a credit check. By using this estimate of savings, you will learn more about your other options in your journey towards debt-free.
The savings estimate, as we’ve mentioned previously, offers you an idea of your choices, regardless of whether you’re planning on using CuraDebt.
CuraDebt will provide you with a financial counselor and a support team to assist you with credit arbitration in the event that you decide to enroll. Certain financial advisors can assist you with your debt-free journey.
Following the debt settlement program, CuraDebt will be the agency to take care of all your creditor’s calls. They’ll also be the ones who determine conditions of the payment depending on the condition of your financial situation. Based on what works most effectively to you, this can either be a lump sum settlement or a payment plan.
Additionally they will also be working with creditors to ensure that you enjoy better rates when you deposit money to your savings account, which in turn, will be processed to pay back the creditors. Their programs can assist you to get rid of debt in just two years.
After you’ve registered with them, they will give you access to your account information 24 hours a day. All you have to do is log in to CuraDebts’ client portal so that you can monitor your progress.
Before you can benefit from the program, you’ll have to pass their requirements first. In order to be considered eligible for the program, you’ll have to meet the following criteria:
- At least 21 years old
- Verifiable income
- You must have a minimum balance of $5,000
What can they assist you?
Here are the different ways CuraDebt can help you.
The name of the company suggests that CuraDebt can assist you in dealing with your debt. They can negotiate settlements on your behalf for most types of debt. They can help with medical bills, personal loans, credit cards and also loans. You can also approach them to settle any outstanding balance on business debt collection, repossessions, or collections.
They can even help negotiate on tax owed and IRS debt. But, you won’t receive support for most cases, loans from the government as well as collateral and utility bills. The same goes for student loans.
On the other hand, they can help you use laws like that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify creditor violations in order to get cash settlements, should it be possible. Certain violations could lead to having your debts removed as well.
CuraDebt lets you repay debt for less than the amount you have. Additionally, you can ask questions during their free meeting with their debt counsellor.
The best part about their plan is that you only be charged once your debt is settled. All you have to do is sign up with some of their programs and you’ll be able pay off all your debts.
Tax Management and Relief
CuraDebt can also help you with your tax debt. Once they’ve gathered all your financial documentation They will also gather all the necessary paperwork for tax returns.
With this program, you will be able to deal with different types of taxes like garnishments on wages as well as tax penalties for personal and business taxes as well as back taxes and trust fund penalties and tax lien.
There aren’t hidden fees neither are there hidden fees. They use only flat-fee pricing, which depends on the amount you have to pay.
They offer different options for the settlement of your tax debt. 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 are they able to help with?
Although debt settlement is their specialty, they don’t offer all kinds of debt settlement. CuraDebt only focuses on debt that is not secured. They aren’t able to assist you if your credit or loan is tied to a physical item.
If you do have the following types of debt, they will negotiate settlements on your behalf.
With CuraDebt, you should be able to pay taxes that are due without any issues. Moreover, this type of service is accessible to all 50 states in the event that you have a debt to the IRS. They have federal tax experts who can assist you in resolving these types of issues.
CuraDebt can also help resolve your medical debt. In some cases, you may even pay them less than the amount you are owed.
Private Student Loan
CuraDebt doesn’t cater to federal student loans. Still, they can help private students in negotiating the student loans they have to pay.
Personal loans and payday loans are also eligible for the debt settlement program. It is also possible to avail the program of the program if you also have other unsecured credit lines that you have obtained from an alternative bank or financial institution.
Credit Card Debt
Whether you have debt with store credit cards, traditional credit cards, as well as private label credit card CuraDebt can help you pay it off.
What is the cost?
The most appealing aspect of CuraDebt is how the company has priced its services. They don’t charge upfront fees. Only pay when you settle each of your outstanding debts.
Also, they do not charge high costs either. In the average, you’ll need to pay between 20 and 20% of the debt you settled with them.
In the average, this kind of industry charges from 15% to 25 percent.
Additionally, customers can anticipate to settle their debts within two to four years. But, it also differs according to the amount you are able to save each month.
Additionally, they claim that you could save up to 30% when you factor in their fees in your equation.
However, this statement will depend on the situation. Some customers even claimed to save 50% to up to 80%.
Benefits of using CuraDebt
Now that you have a clearer picture of the benefits CuraDebt offers, let’s look into the advantages of using CuraDebt.
The first is that CuraDebt is only charged after you’ve settled your debt. In addition they charge only an amount of 20%, while many companies charge 25 percent.
Next, if you’re done in the process of debt resolution you could enroll in their credit repair program.
It’s an excellent method to improve the credit rating without going in debt again. The program is however designed in a different way for each individual, depending on your situation.
Lastly, CureDebt looks into your debt so that they can assist with settlements and negotiations. It means that your debt won’t increase over time. They’ll also investigate any creditor violations with the help of their experts in-house.
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 . Therefore, if you’re trying improve your credit score, it may set you back while you’re working on your debt.
CureDebt does not offer a mobile application. While they do have a website that clients can access but it’s old and mundane. It’s not particularly intuitive and could be difficult to navigate.
Furthermore, they are not accredited with the Better Business Bureau although they did receive an A+ rating.
The Final Verdict
CuraDebt is a useful program that lets you resolve your debt without having to spend more on those types of services. Moreover the 20% service charge is cheaper than most companies that offer a 25% fee. There is no upfront payment and you’ll only be required to pay once your debt is finally settled.
Although they’ll give you an account to see your progress, their website is not simple to navigate. CuraDebt does not have an app yet, which could make it easier for you to look at your progression.
However, they have a competent support staff that you can contact them, not only via emails but also via phone or submitting an electronic ticket. Curadebt Negative Reviews
If your problem of debt is an problem right now, we strongly recommend CuraDebt’s debt management program. Make sure you’re eligible and that the programs they provide are in your state.
FAQ Curadebt Negative Reviews
How long does it take to finish the program?
The program typically takes between 24 and 48 months depending on the amount of your debt as well as the stipulated settlement.
Can CuraDebt assist with state tax problems?
Sure, CuraDebt has a tax relief program that can aid you in dealing with problems such as late payroll tax and garnishments on wages.
What’s the first thing I have to do when I’m enrolled in 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.