Have your debts increased lately? Are you burnt out from trying various financial advice and tips but haven’t solved your problems?
Perhaps you’re here because you’ve already tried everything.
In the majority of cases, the most effective approach is to talk to professionals that can help to resolve this issue.
CuraDebt is one of the companies that get the most inquiries. Many customers have asked if they can help you or put you in more debt.
According to their clients, they can help you manage the majority of your debt so that you can take couple of things off your shoulders.
However, for certain people the claims seem too good to be true.
If you’re looking for anything that can help you resolve your debt. If that’s the scenario, CuraDebt will mostly be highly recommended by those. We’ll be taking an in-depth study of the way CuraDebt operates and what issues it can solve for you.
In addition, prior to our conclusion we’ll look at its advantages and drawbacks.
Before beginning the review, you can check out this video instead in case you would prefer to watch it.
Otherwise, let’s begin.
Before you go on, you may want to watch 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 of CuraDebt.
About the Company Curadebt Scholarship
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000 and has been 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.
While it is accredited, certain states have imposed restrictions on their services.
What CuraDebt do?
Helping you pay off your debt is one of CuraDebt’s best known feature. But they offer other services that will help you be more financially secure.
It all begins with requesting a free savings estimate online. It is a completely private service, and they won’t be doing a credit check. With this estimate of savings you’ll discover more about other options in your journey to debt-free.
Savings estimates, as we’ve mentioned earlier, provides you with an insight into your choices, regardless of whether you’re planning to continue 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 sign up. Financial advisors may be able to assist you in your debt-free journey.
After your debt settlement plan, CuraDebt can be the company to take care of all the calls from your creditors. They will also be the ones that determine what you will pay for your settlement in accordance with the state of your finances. In determining which option is the most effectively for you, it can either be a lump sum settlement or a payment plan.
Furthermore they will work with creditors so that you can have better rates as you deposit money to your savings account. This, is then processed to pay off the creditors. Their programs can assist you to pay off the debt in 48 months.
After you’ve registered with them, they’ll provide you with access to your information 24/7. All you need to do is sign in to CuraDebts Client Portal to monitor your progress.
Before you can avail of the program, you’ll have to satisfy their criteria first. In order to be considered eligible for the program, you’ll have to be:
- Minimum 21 years old
- Verifiable income
- Minimum debt must be $5,000
What can they assist you?
Here are the various ways CuraDebt can aid you.
The name of the company suggests that CuraDebt can help you deal your debt. They are able to negotiate settlements on behalf of you for most types of debt. This includes personal loans, medical bills credit cards as well as line of credit. You can also approach them to help settle any remaining amount on business debts, collections, or repossessions.
They may also assist in negotiating with back taxes as well as IRS debt. But, you won’t receive assistance with the majority of your lawsuits, government loans or collateral, as well as utility bills. They also don’t cover most 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 can also assist you in identifying debtors who are in violation to ensure that you receive cash settlements, if possible. Certain violations could result in having your debts removed as well.
CuraDebt also allows you to pay off debts with less than the amount you have. They also allow you to ask questions during their free meeting with their debt counselor.
The best part about their plan is that you’ll only be charged once your debt is settled. All you have to sign up to one of their plans and you’ll have the ability to settle each of your debts.
Tax Management and Relief
CuraDebt can also help you with taxes. Once they’ve gathered all your financial documentation, they will also collect all the paperwork you’ll need for tax returns.
With this program, you’ll be able to deal with different types of taxes such as garnishments on wages, tax penalties, personal and corporate taxes as well as back taxes, trust fund penalties, and tax lien.
There aren’t any hidden charges either. They use only flat-fee pricing and is dependent on the amount you’ll must settle.
They have different solutions for settling your tax debt. Here are 6 options:
- 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?
While debt settlement is their specialty, they don’t cater to all types of debt settlement. CuraDebt is only focused on unsecured debt. They aren’t able to assist you if your credit or loan is tied to a physical item.
If you do have one of the following kinds of debt, they will negotiate settlements on your behalf.
With CuraDebt, you should be able to pay tax debts that were due to be paid without any issues. Moreover, this type of service is offered to all 50 states in the event that you owe money to the IRS. There are tax experts from the federal government that can help you resolve the issues.
CuraDebt can also assist in settling your medical debt. In some instances, you may even pay the debt for less than you owe.
Private Student Loan
CuraDebt does not offer Federal student loan. However, they can assist private students with negotiating any student loans that they owe.
Personal loans and payday loans are also eligible as debt-settling programs. You can also avail if you have other unsecured credit lines that you have obtained from another bank or financial institution.
Credit Card Debt
If you are in debt through store credit cards as well as traditional credit cards or private label credit cards CuraDebt will help you pay it off.
How much will it cost?
The best part about CuraDebt’s pricing is how they’ve priced their services. They do not charge an upfront cost. Only pay when you’ve paid each of your outstanding debts.
Additionally, they don’t have high-cost costs either. On average, you’ll be required to pay between 20 and 20 percent of the debt that you settled with them.
In the average, this kind of business can cost anywhere between 15% and 25 percent.
Additionally, customers can anticipate to settle their debt from 2 to 4 years. However, this also varies depending on the amount that you can save up per month.
Additionally, they claim you can save as much as 30% by incorporating their costs into your calculations.
But this claim will also depend on the situation. Some customers have even talked about saving 50% to up to 80%.
Advantages to using CuraDebt
Once you’ve got an understanding of what CuraDebt can offer you let’s explore the benefits that come with using CuraDebt.
In the beginning, CuraDebt is only charged once you’ve paid off your debt. Furthermore they charge only an amount of 20%, while the majority of companies charge 25%.
Then, if you’re done by the program for debt relief, you may enroll in their credit repair program.
It’s a great way to restore the credit rating without having to go in debt again. The program is however designed different for every person dependent on the circumstances of your case.
Lastly, CureDebt looks into your credit to help with settlements and negotiations. It means that the amount you owe won’t rise over time. They’ll also be looking into any violations of creditor with the help of their experts in-house.
Drawbacks of using CuraDebt
Let’s also look into some of the disadvantages of CuraDebt.
Settlement of debt and debt relief usually require that you stop paying with . So if you’re trying to improve your rating on your credit, this may cause you to delay working on your debt.
CureDebt doesn’t even have a mobile app. While they do have a client website, it looks aged and simple. It’s not very intuitive and could be challenging to navigate.
Furthermore, they are not credited with their Better Business Bureau although they did receive an A+ grade.
The Final Verdict
CuraDebt is a great program that will allow you to settle your debt without spending more for these types of services. Moreover their 20% service fee is lower than many companies that offer an additional 25% charge. There are no upfront payments and you’ll only have to pay the fee when the debt is paid off.
Although they’ll allow you to access an account that allows you to track your progress however, their website isn’t easy to navigate. CuraDebt also doesn’t have an app that will make it easier to look at your progress.
They do have a good support team and can be reached them not only through emails but by phone or by sending an electronic ticket. Curadebt Scholarship
If credit card is a major problem right now, we highly recommend CuraDebt’s program. Just make sure that you’re eligible and that the services that they provide are offered in your area.
FAQ Curadebt Scholarship
What is the time frame to finish the program?
The program typically takes between 24 and 48 months dependent on the size of your debt and the agreement on the settlement.
Can CuraDebt aid in the fight against state tax issues?
Yes, CuraDebt provides tax relief programs that can aid you in dealing with problems such as delinquent payroll taxes and garnishments of wages.
What should I do once I’m in the program?
You’ll be required to communicate with your team members and make the necessary payments to lower your debt over time.