Has your debt been increasing lately? Are you burnt out from trying different financial tips and advice but you’re still struggling with unsolved problems?
Perhaps you’re here because you’ve been through everything.
In the majority of cases, the most effective approach is to talk to experts who can assist you settle this issue.
CuraDebt is one of the most asked companies. Many people have been inquiring whether they can help you or help you get into more debt.
According to their clients they can help you control the majority of your debt , so you can finally take a couple of things off your plate.
For some they believe these claims are too good to be true.
If you’re looking for something that will aid you in settling your debt. If that’s the situation, CuraDebt will mostly be recommended by people. We’ll be taking a deep study of how CuraDebt operates and what issues it can help you solve.
Furthermore, before we conclude our discussion, we’ll take a look at its advantages and drawbacks.
Before you begin the review, you can watch this video instead if you 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. Afterward, you will want to read the rest of our article for a more comprehensive review of CuraDebt.
About the Company Debt Relief For Tax Debt
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 accredited with the International Association of Professional Debt Arbitrators.
Although it is accredited, some states have restricted their services.
What CuraDebt do?
Assistance in settling your debt is CuraDebt’s most known feature. They also provide other services that will help you be more financially secure.
First of all, it begins with requesting a free savings estimate on the internet. This service is very confidential and they will not be conducting a credit screening. By using this estimate of savings you’ll discover more about options to debt-free.
This estimate of savings, as we’ve mentioned earlier, provides you with an idea of your options, regardless of whether you’re going to keep using CuraDebt.
CuraDebt will provide you with a financial counselor and a support team to assist you in navigating the process of credit arbitration should you choose to enroll. Some financial advisors can help you with your debt-free journey.
Following the debt settlement program is completed, CuraDebt is the one to answer all of the calls from your creditors. They will also be the ones who will determine the terms of your settlement depending on the condition of your finances. In determining which option is the most effectively to you, this could either be a lump sum settlement or an installment plan.
Furthermore they will be working with creditors to ensure that you get better rates when you make deposits to your savings account, which in turn, will be processed to pay back the creditors. The plans they offer can help you settle the debt within the period of 48 months.
Once you’ve signed up with them, they will give you access to your data 24/7. All you have to do is login to CuraDebts’ client portal to monitor your performance.
Before you can benefit from their program, you’ll need to pass their requirements first. To be eligible, you’ll have to meet the following criteria:
- At least 21 years old
- Verifiable income
- Minimum debt must be $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 can help you deal with debt. They can negotiate settlements on behalf of you for all kinds of debt. These include personal loans, medical bills, credit cards and lines of credit. They are also able to pay off any remaining balance of business debt collection, repossessions, or collections.
They can even help negotiate for back taxes and IRS debt. However, you will not receive assistance for the majority cases, government loans, collateral, and utility bills. They also don’t cover most student loans.
On the other hand, they will help you use laws like the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find creditor violations in order to get cash settlements, should it be possible. Certain violations may lead to having your debts removed as well.
CuraDebt can also help you settle debt with less than the sum you have. You can also inquire about your debt during their no-cost consultation with their debt counsellor.
The most appealing aspect of their program is that you will only have to pay for the charges after your debt has been settled. All you need to sign up for any of the plans, and you’ll be able pay off all your debts.
Tax Management and Relief
CuraDebt can also deal with the tax liabilities you have. After they have gathered all your financial documents and tax documents, they’ll also collect all the documents you’ll require to file tax returns.
By using this program, you should be able to resolve the various types of tax problems like wage garnishments, tax penalties, personal and corporate taxes and back taxes as well as trust fund penalties and tax lien.
There aren’t any hidden costs neither are there hidden fees. They only use flat-fee pricing, which depends on the amount you have to pay.
There are a variety of options in paying off your tax debt. Here are six of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What kind of debt are they able to help with?
While debt settlement is their specialization however, they do not offer all kinds in debt resolution. CuraDebt concentrates on debt that is not secured. They aren’t able to assist you if your credit or loan is tied to an actual item.
If you do have one of the following kinds of debt, they will arrange settlements for you.
With CuraDebt the service, you’ll be able to pay tax debts that were due to be paid without difficulty. Furthermore, this service is available across 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 assist in settling your medical debt. In certain cases you could even settle them for less than what you have to pay.
Private Student Loan
CuraDebt doesn’t cater to federal student loans. They can however assist private students in negotiating any loans they owe.
Payday loans and personal loans are also eligible as debt-settling programs. It is also possible to avail the program if you have other unsecured credit lines that you have obtained from an alternative financial institution or bank.
Credit Card Debt
If you’re in debt using store credit cards or traditional credit cards as well as private label credit card, CuraDebt can help you pay it off.
How much will it cost?
The most appealing aspect of CuraDebt is the way the company has priced its services. They don’t charge upfront fees. You’ll only pay once you settle each of your outstanding debts.
They also don’t have high-cost charges either. On average, you’ll be required to pay between 20 and 20 percent of the debt you settled through them.
In the average, this kind of industry can charge anywhere between 15% and 25 percentage.
Additionally, customers can anticipate to pay off their debts in 2 to 4 years. However, this also varies according to the amount you are able to save each month.
Additionally, they claim that you could save as much as 30% by incorporating their costs into your calculations.
However, this statement will vary, depending on your situation. Some customers have even talked about saving between 50% and 80%.
The benefits of using CuraDebt
Now that you have an understanding of the benefits CuraDebt offers, let’s look into the advantages from using CuraDebt.
The first is that CuraDebt is only charged once you’ve paid off your debt. Additionally they only charge an amount of 20%, while the majority of companies charge 25%.
Next, if you’re done with the debt settlement program, you can join their credit repair program.
It’s a fantastic way to restore your credit without having to go into debt again. However, the program lasts differently for each person according to your personal situation.
Finally, CureDebt looks into your debt so that they can assist in settlements and negotiations. So, the amount you owe won’t rise over time. They’ll also be looking into any violations by creditors using their experts in-house.
Some disadvantages to the use of CuraDebt
We will also examine some of the negatives of CuraDebt.
Debt settlement and debt relief often require you to stop paying with the credit card you use. If you’re trying to build a better rating on your credit, this may cause you to delay working on your obligations.
CureDebt does not have a mobile app. Although they have a client website however, it appears old and mundane. It’s not very intuitive, and it can be difficult to navigate.
In addition, they’re not recognized by the Better Business Bureau although they were awarded an A+ grade.
The Final Verdict
CuraDebt is a great program that lets you settle your debt without spending more for these types of services. Additionally the 20% service charge is less expensive than the majority of firms that charge a 25% fee. There aren’t any upfront fees and you’ll only have to pay when your debt is finally settled.
Although they’ll allow you to access an account to see your progress but their website isn’t easy to navigate. CuraDebt also doesn’t have an app yet, which could make it easier for you to monitor your progression.
They do have a good support team, and you can reach them not just via email but also via phone or submitting an e-ticket. Debt Relief For Tax Debt
If credit card is a major problem right now, we recommend CuraDebt’s service. Just make sure that you’re qualified and that the services they provide are in your area.
FAQ Debt Relief For Tax Debt
How long does it take to complete the program?
The typical program lasts from 24 to 48 months, dependent on the size of your debt and the agreement on the settlement.
Can CuraDebt assist with tax problems in the state?
Sure, CuraDebt has a tax relief program that can aid you in dealing with problems such as late payroll taxes and wage garnishments.
What should I do after joining the program?
You’ll have to keep in constant contact with your team members and pay the required payments to reduce the amount of debt you have over time.