Have your debts increased lately? Are you tired of trying other financial advice and tips but still have unsolved issues?
Maybe you’re here because you’ve already tried every thing.
In the majority of cases, your most effective approach is to talk to professionals that can help you settle this issue.
CuraDebt is one of the most frequently contacted companies. Many customers have asked if they are able to help or put you into more debt.
According to their clients, they can help you manage 80percent of your debts so that you can take few things off of your shoulders.
However, for certain people the claims seem too good to be true.
Suppose you’re on the lookout for any solution that could aid you in settling your debt. In this case, CuraDebt will mostly be suggested by people. We’ll be taking an in-depth study of how CuraDebt works and what problems it could help solve.
In addition, prior to our conclusion our discussion, we’ll take a look at the advantages and disadvantages of this method.
Before beginning the review, you can go to this video in case you would prefer for it to be watched.
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. After, you will want to read the rest of our article for a more comprehensive review of CuraDebt.
About the Company Does Tax Relief Get Backdated
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was founded in 2000 and has been an active part of the American Fair Credit Council, the US Chamber of Commerce, and has been accredited by the International Association of Professional Debt Arbitrators.
Although the service is accredited, certain states have restricted their services.
What can CuraDebt do?
Helping you settle your debt is the most popular feature. But they offer other services that can aid you in becoming more financially stable.
First of all, it begins by requesting a free savings estimate online. This service is very confidential and won’t be conducting a credit screening. By using this estimate of savings you’ll be able to learn more about your alternatives to debt-free.
The savings estimate, as mentioned previously, offers you an insight into 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 join. Some financial advisors can help you in your debt-free journey.
After your debt settlement program is completed, CuraDebt will be the agency to take care of all your creditors’ calls. They’ll be the ones who will determine the terms of your repayment based on the status of your finances. Based on what works best to you, this can either be a lump sum settlement or an installment plan.
Furthermore they will be working with creditors to ensure that you have better rates as you make deposits to your savings account, which in turn, will process to pay off the creditors. Their programs can assist you to get rid of debt in just the period of 48 months.
Once you’ve signed up with them, they will provide you with access to your account information 24 hours a day. All you need to do is login to CuraDebts’ client portal to monitor your performance.
Before you can avail of their program, you’ll need to pass their requirements first. For eligibility, you’ll need to meet the following criteria:
- Minimum 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 aid you.
Like their name implies, CuraDebt can assist you in dealing with your debt. They can negotiate settlements on your behalf for the majority of types of debt. This includes medical bills, personal loans, credit cards and also lines of credit. You can also approach them to help settle any remaining balance of business debt and collections or repossessions.
They may even assist you in negotiating with back taxes as well as IRS debt. However, you won’t get assistance for the majority 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 contrary, they’ll 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 debtors who are in violation so that you can have cash settlements, should it be possible. Some violations can also lead to having your debts removed as well.
CuraDebt lets you settle debt with less than the amount you own. You can also inquire about your debt during their no-cost consultation with their debt advisor.
The greatest benefit of their program is that you only be charged when your debt is paid off. All you need to do is sign up with some of their programs and you’ll be able to pay off all your debts.
Tax Management and Relief
CuraDebt can also help you with the tax liabilities you have. Once they collect all of your financial documents They will also gather all the necessary paperwork for tax returns.
By using this program, you should be able to solve different types of taxes like garnishments on wages, tax penalties, personal and business taxes and back taxes and trust fund penalties and tax liens.
There aren’t any hidden costs either. They only use flat-fee pricing and is dependent on the amount that you’ll must settle.
They have different solutions in paying off taxes. 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?
Although debt settlement is their specialization however, they do not offer all kinds of debt settlement. CuraDebt only focuses on debt that is not secured. They won’t be able to assist you if your credit or loan is tied to a physical item.
If, however, you are in the following kinds of debt, they will make arrangements for settlements.
With CuraDebt the service, you’ll be able to settle tax debts that were due to be paid without difficulty. Additionally, this service is accessible across all 50 states, if you owe money to the IRS. They have federal tax experts who can assist you in resolving the issues.
CuraDebt can also assist in settling the medical bills. In some instances, you may even pay them for less than what you owe.
Private Student Loan
CuraDebt doesn’t cater to federal student loans. They can however assist private students with negotiating the student loans they owe.
Personal and payday loans also qualify for the debt settlement program. It is also possible to avail the program if you have other unsecured credit lines that you have obtained from an alternative bank or financial institution.
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 assist you in paying it off.
How much will it cost?
The greatest thing about CuraDebt is how they’ve priced their service. They do not charge an upfront cost. Only pay when you’ve paid each of your outstanding debts.
Additionally, they do not charge high costs either. On average, you’ll have to pay up to 20 percent of the debt you settled through them.
On average, this type of business can cost anywhere between 15 and 25%.
In addition, customers can expect to pay off their debts in two to four years. This varies depending on the amount that you save per month.
Additionally, they claim that you could save as much as 30% if you include their fees in your equation.
However, the claim may differ based on your specific situation. Some customers even claimed to save between 50% and up to 80%.
The benefits of using CuraDebt
Once you’ve got an idea of what CuraDebt can provide, let’s explore the benefits of using CuraDebt.
In the beginning, CuraDebt only charges you when you’ve paid off your debt. In addition they charge only a 20% fee while the majority of companies charge 25 percent.
If you’re finished in the process of debt resolution, you could join their credit repair program.
It’s a fantastic way to restore your credit score without going back into debt. The program is however designed different for every person according to your personal situation.
Finally, CureDebt looks into your debt so that they can help with settlements and negotiations. So, your debt won’t inflate over time. They’ll also investigate any violations by creditors using their in-house experts.
Some disadvantages to using CuraDebt
We will also examine some of the disadvantages of CuraDebt.
Debt relief and debt settlements often require you to stop paying with the credit card you use. So if you’re trying to build a better standing on credit scores, you may cause you to delay finishing your debt.
CureDebt does not offer a mobile application. While they have a client website but it’s aged and simple. It’s not very intuitive, and it can be difficult to navigate.
In addition, they’re not credited with the Better Business Bureau although they did receive an A+ rating.
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. Additionally the 20% service charge is lower than many companies that offer a 25% fee. There is no upfront payment and you’ll only have to pay when the debt is 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 progress.
But, they do have a good support team that you can contact them, not only via emails but also via phone or sending an e-ticket. Does Tax Relief Get Backdated
If problem of debt is an issue right now, we highly recommend CuraDebt’s program. Be sure to be qualified and that the services that they provide are offered in your state.
FAQ Does Tax Relief Get Backdated
What is the time frame to finish the program?
The typical program lasts from between 24 and 48 months depending on the amount of your debt and the agreement on the settlement.
Can CuraDebt assist with state tax problems?
It is true that CuraDebt offers a program for tax relief that can assist you with issues such as delinquent payroll taxes and wage garnishments.
What should I do after joining the program?
You’ll be required to communicate with the team and make the necessary payments to lower your debt over time.