Are you experiencing debt that has increased lately? Are you tired of trying various financial advice and strategies but still have unsolved issues?
Maybe you’re here because you’ve tried every thing.
In the majority of cases, the best option is to speak with professionals that can help to resolve this issue.
CuraDebt is among the companies that get the most inquiries. A lot of people have been inquiring whether they are able to help or put you in more debt.
According to their clients, they can help you manage 80percent of your debt , so you can finally take a 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 aid you in settling your debt. If that’s the scenario, CuraDebt will mostly be suggested by people. We’ll be taking an in-depth review of how CuraDebt operates and what issues it could help solve.
Furthermore, before we conclude we’ll look at the advantages and disadvantages of this method.
Before starting the review, you can check out this video instead in case you would prefer watching it.
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 the article for a more comprehensive review of CuraDebt.
About the Company Do I Report My Property Tax Relief Check To The Irs
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000, and is a participant in the American Fair Credit Council, the US Chamber of Commerce, and accredited with the International Association of Professional Debt Arbitrators.
Although the service is accredited, some states have limited their access to their services.
What CuraDebt do?
Helping you pay off your debt is CuraDebt’s most known feature. They also provide other services that will help you be more financially secure.
The process begins by requesting a free savings estimate online. It is a completely private service and won’t be conducting a credit screening. By using this estimate of savings you’ll be able to discover more about other options in your journey towards debt-free.
The savings estimate, which was mentioned previously, offers you an insight into your choices regardless of whether you’re planning on using CuraDebt.
CuraDebt will assign you a financial counselor and a team of support to assist you in navigating credit arbitration if you decide to enroll. Certain financial advisors can assist you on your path to debt-free living.
Following the debt settlement program, CuraDebt can be the company to handle all of your creditor’s calls. They will also be the ones that will determine the terms of your settlement depending on the condition of your finances. Based on what works most effectively for you, it could be either a lump sum settlement or the option of a payment plan.
Additionally they will also be working with lenders to help you get better rates when you make deposits to your savings account. This, in turn, will process to pay off creditors. The plans they offer can help you settle the debt within the period of 48 months.
After you’ve signed up with them, they’ll allow 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 performance.
Before you are able to avail the program, you’ll have to meet their eligibility requirements first. In order to be considered eligible for the program, you’ll need to meet the following criteria:
- Minimum 21 years old
- Have a verifiable income
- Minimum debt must be $5,000
What are they able to assist you?
Here are the different ways CuraDebt can assist you.
The name of the company suggests that CuraDebt can help you deal with debt. They are able to negotiate settlements on your behalf for the majority of types of debt. This includes personal loans, medical bills credit cards, and also lines of credit. You can also approach them to help settle any remaining amount on business debts and collections or repossessions.
They may also assist in negotiating on tax owed and IRS debt. However, you will not receive assistance for the majority claims, loans from the government, collateral, and utility bills. The same goes for student loans.
On the other hand, they can assist you with laws like the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify creditor violations to ensure that you receive cash settlements, if they are possible. Certain violations may result in having your debts also dismissed.
CuraDebt can also help you pay off debts with less than the amount you own. Additionally, you can inquire about your debt during their no-cost consult with their debt counsellor.
The greatest benefit of the program is that you will only be charged once your debt is settled. All you need to sign up for one of their plans 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 collect all of your financial documentation They will also gather all the necessary paperwork for tax returns.
Through this program, you will be able to solve the various types of tax problems like wage garnishments as well as tax penalties for personal and corporate taxes and 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 and is dependent on the amount that you’ll need to settle.
They offer different options in paying off the 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 can they assist you with?
Although debt settlement is their specialty however, they do not provide all kinds of debt settlement. CuraDebt concentrates on unsecured debt. They won’t be able to help you if the debt or loan is tied to a physical item.
If you do have 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 difficulty. Additionally, this service is accessible to all 50 states in the event that you have a debt to the IRS. There are tax experts from the federal government that can help you resolve the issues.
CuraDebt can also help resolve your medical debt. In certain cases you might even be able to pay them less than the amount you have to pay.
Private Student Loan
CuraDebt does not offer Federal student loan. However, they can assist private students with negotiating any loans they have to pay.
Payday loans and personal loans also qualify as debt-settling programs. You may also be eligible the program if you have other unsecure credit lines that you have obtained from another financial institution or bank.
Credit Card Debt
If you’re in debt using store credit cards or traditional credit cards and private-label credit cards, CuraDebt will assist you in paying it off.
What is the cost?
The most appealing aspect of CuraDebt is the way they’ve priced their services. They don’t charge upfront fees. The only time you pay is when you’ve paid each of your outstanding debts.
They also don’t charge high charges either. In the average, you’ll need to pay between 20 and 20% of the debt you settled with them.
On average, this type of industry can charge anywhere between 15 and 25 percent.
Additionally, customers can anticipate to settle their debts within two to four years. However, this also varies in relation to the amount you are able to save each month.
Also, they claim that you can save as much as 30% when you factor in their fees in your equation.
But this claim will also vary, depending on your situation. Some clients even mentioned saving 50% to up to 80%.
Benefits of using CuraDebt
Now that you have an idea of what CuraDebt can provide, Let’s take a look at the benefits that come with using CuraDebt.
In the beginning, CuraDebt only charges you after you’ve settled your debt. Furthermore they charge only a 20% fee while many companies charge 25%.
Next, if you’re done by the program for debt relief you could join their credit restoration program.
It’s a fantastic option to rebuild your credit score without going into debt again. However, the program runs in a different way for each individual, depending on your situation.
Finally, CureDebt looks into your debt so that they can help with settlements and negotiations. This means your debt won’t inflate over time. They’ll also investigate any violations by creditors with the help of their experts in-house.
Some disadvantages to the use of CuraDebt
Let’s also consider some of the disadvantages of CuraDebt.
Debt settlement and debt relief usually require that you cease making payments with . If you’re trying to build a better credit score, it might delay you from getting rid of your credit card debt.
CureDebt doesn’t even have a mobile app available. While they have a website for clients but it’s old and mundane. It’s not particularly intuitive, and it can be challenging to navigate.
Moreover, they are still not credited with their Better Business Bureau although they did receive an A+ grade.
The Final Verdict
CuraDebt is a good program that allows you to resolve your debt without having to spend more on these kinds of services. Moreover their 20% service charge is lower than many firms that charge the 25% cost. There aren’t any upfront fees and you’ll only have to pay when the debt is paid off.
Although they’ll give you an account that allows you to track your progress, their website is not simple to navigate. CuraDebt does not have an app, which would make it easier to track your progress.
But, they do have a competent support staff, and you can reach them, not only via emails but by phone or by submitting an electronic ticket. Do I Report My Property Tax Relief Check To The Irs
If credit card is a major problem right now, we strongly recommend CuraDebt’s debt management program. Be sure to be eligible and that the services that they provide are offered in your area.
FAQ Do I Report My Property Tax Relief Check To The Irs
How long will it take to complete the program?
The typical program lasts from 24 to 48 months, dependent on the size of your debt as well as your agreed settlement.
Can CuraDebt aid with tax problems in the state?
Sure, CuraDebt offers a program for tax relief that can aid you in dealing with problems such as delinquent payroll tax issues and garnishments of wages.
What do I need to do once I’m in the program?
You’ll have to keep in constant contact with the team and pay the required payments to pay down your debt over time.