Has your debt been piling up lately? Are you exhausted from trying other financial advice and tips but you’re still struggling with unsolved problems?
Perhaps you’re here because you’ve tried everything.
In the majority of cases, the most effective approach is to talk to professionals that can help you settle this issue.
CuraDebt is among the companies that get the most inquiries. Many people are asking if they are able to help or put you in more debt.
According to their clients, they can help you control the majority of your debt so that you can take few things off of your plate.
However, for certain people, these claims are just too good to be true.
Suppose you’re on the lookout for any solution that could assist you in paying off your debt. In this scenario, CuraDebt will mostly be suggested by people. We’ll be taking a deep look at how CuraDebt is used and the problems it can help you solve.
Moreover, before we end we’ll look at its benefits and drawbacks.
Before beginning the review, go to this video if you prefer for it to be watched.
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’ll want to read the rest of our article for a more comprehensive review.
About the Company Do I Qualify For Tax Debt Relief
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000 and has been a participant in the American Fair Credit Council, the US Chamber of Commerce, and accredited by the International Association of Professional Debt Arbitrators.
While it is accredited, certain states have limited their access to their services.
What can CuraDebt do?
Helping you pay off your debt is CuraDebt’s most well-known feature. However, they also offer other services that can aid you in becoming more financially stable.
The process begins with requesting a free savings estimate on the internet. The service is completely confidential and they will not conduct a credit inquiry. By using this estimate of savings you’ll learn more about your options to be debt-free.
This estimate of savings, as we’ve mentioned before, gives you an idea of your choices regardless of whether or not you’re planning on using CuraDebt.
CuraDebt will assign you a financial counselor as well as a support team to assist you with credit arbitration if you decide to join. Certain financial advisors can assist you on your path to debt-free living.
Following your debt settlement program is completed, CuraDebt can be the agency to handle all of your creditors’ calls. They’ll also be the ones who will negotiate the terms of your payment in accordance with the state of your financial situation. Depending on which works most effectively your situation, the payment could be a lump-sum settlement or an installment plan.
Moreover they will also be working with the creditors so that you can get better rates when you deposit money to your savings account. This, in turn, will be processed to pay back the creditors. Their plans can help you pay off the debt in 48 months.
Once you’ve signed up with them, they will give you access to your information 24/7. All you have to do is login to CuraDebts Client Portal to track your performance.
Before you can benefit from their program, you’ll need to satisfy their criteria first. For eligibility, you’ll need to meet the following requirements:
- At least 21 years old
- Earn a reliable income
- You must have a minimum balance of $5,000
What can they assist you with?
Here are some of the ways CuraDebt can assist you.
As their name suggests, CuraDebt can assist you in dealing with debt. They are able to negotiate settlements on behalf of you for most types of debt. They can help with personal loans, medical bills credit cards and line of credit. They are also able to settle any outstanding amount on business debts collection, repossessions, or collections.
They can even help negotiate with back taxes as well as IRS debt. However, you will not receive support for most of your lawsuits, 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 also help you find the violations of creditors in order to get cash settlements, if possible. Some violations can also lead to having your debts dismissed as well.
CuraDebt lets you pay off debts with less than the amount you have. They also allow you to inquire about your debt during their no-cost consultation with their debt counselor.
The most appealing aspect of their plan is that you’ll only be charged after your debt has been settled. All you need to sign up for some of their programs and you’ll be able to resolve all of your debts.
Tax Management and Relief
CuraDebt will also handle the tax liabilities you have. Once they’ve gathered all your financial documentation They will also gather all the documents you’ll require for tax returns.
Through this program, you’ll be able to solve the various types of tax problems like garnishments on wages as well as tax penalties for personal and corporate taxes and back taxes as well as trust fund penalties and tax lien.
There aren’t any hidden costs either. They only use flat-fee pricing, which depends on the amount you’ll have to pay.
There are a variety of options in settling taxes. Here are 6 of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What kinds of debts are they able to help with?
Although they specialize in debt settlement, it is not their forte but they aren’t able to offer all kinds in debt resolution. CuraDebt concentrates on loans that are not secured. They won’t be able to assist you if your debt or loan is tied to an item that is physical.
If, however, you are in the following kinds of debt, they’ll negotiate settlements on your behalf.
With CuraDebt it is expected that you will be able pay off tax debts that were due to be paid without any issues. Furthermore, this service is accessible across all 50 states, if you have a debt to the IRS. They have federal tax experts who can assist you in resolving these types of issues.
CuraDebt will also help you resolve the medical bills. In certain cases you might even be able to pay the debt for less than you owe.
Private Student Loan
CuraDebt doesn’t cater to the federal government’s student loan. However, they can assist private students in negotiating the student 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 got from an alternative financial institution or bank.
Credit Card Debt
If you are in debt through store credit cards as well as traditional credit cards or private label credit cards, CuraDebt can assist you in paying it off.
How much will it cost?
The most appealing aspect of CuraDebt is the way they’ve priced their services. They don’t charge upfront fees. Only pay when you have paid off all of your debts.
Also, they don’t charge high fees as well. On average, you’ll be required to pay as much as 20 percent of the debt that you settled with them.
On average, this type of industry can charge anywhere between 15 and 25 percent.
In addition, customers can expect to settle their debt from between 2 and 4 years. But, it also differs in relation to the amount you can save up per month.
Additionally, they claim that you can save as much as 30% when you factor in their charges into your calculation.
But this claim will also depend on the situation. Some clients even mentioned saving 50 to 80percent.
Benefits of using CuraDebt
Now that you have an idea of what CuraDebt can offer you 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 only charge a 20% fee while many companies charge 25 percent.
Then, if you’re done by the program for debt relief you may join their credit restoration program.
It’s a great option to rebuild your credit without having to go into debt again. However, the program runs different for every person dependent on the circumstances of your case.
Finally, CureDebt looks into your credit to help with settlements and negotiations. So, your debt won’t increase as time passes. They’ll also investigate any creditor violations with the help of their experts in-house.
The drawbacks of using CuraDebt
We will also examine some of the negatives 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 credit score, it might cause you to delay getting rid of your credit card debt.
CureDebt also doesn’t have a mobile app. While they have a website that clients can access, it looks outdated and basic. It’s not very intuitive, and it can be difficult to navigate.
Furthermore, they are not accredited with their Better Business Bureau although they did receive an A+ rating.
The Final Verdict
CuraDebt is a useful program that lets you settle your debt without spending more for these types of services. In addition, their 20% service fee is less expensive than the majority of businesses that charge a 25% fee. There aren’t any upfront fees and you’ll only have to pay the fee when your debt is finally settled.
While they’ll provide you with an account so that you can track your progress, their website is not simple to navigate. CuraDebt isn’t even an app yet, which will make it easier to look at your progress. Do I Qualify For Tax Debt Relief
However, they have a competent support staff and can be reached them, not only via emails but also via phone or submitting an electronic ticket. Do I Qualify For Tax Debt Relief
If the problem of debt is an issue right now, we strongly recommend CuraDebt’s debt management program. Just make sure that you’re eligible and that the programs that they provide are offered in your area.
FAQ Do I Qualify For Tax Debt Relief
How long will it take to complete the course?
The average program is 24 to 48 months, dependent on the size of your debt as well as the agreed settlement.
Can CuraDebt assist with tax problems in the state?
It is true that CuraDebt offers a program for tax relief to aid you in dealing with problems like delinquent tax issues and garnishments on wages.
What’s the first thing I have to do after joining the program?
You’ll be required to communicate with your team members and pay the required payments to reduce the amount of debt you have over time.