Are you experiencing debt that has been increasing lately? Are you tired of trying various financial advice and tips but haven’t solved your problems?
Maybe you’re here because you’ve been through everything.
In most cases, the most effective approach is to talk to experts who can help to resolve this issue.
CuraDebt is one of the companies that get the most inquiries. A lot of people have been inquiring whether they can help you or put you in more debt.
According to their clients they can assist you in managing 80percent of your debt , so you can finally take a couple of worries off your shoulders.
But for some people the claims seem too good to be true.
Suppose you’re on the lookout for anything that can assist you in paying off your debt. In this situation, CuraDebt will mostly be highly recommended by those. We’ll take a deeper look at how CuraDebt operates and what issues it can help you solve.
In addition, prior to our conclusion, we’ll also look into its benefits and drawbacks.
Before you begin the review, check out this video instead in case you would prefer watching 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’ll want to read the rest of our article for a more comprehensive review of CuraDebt.
About the Company Economic Growth And Tax Relief Reconciliation Act
CuraDebt is a debt relief company from Hollywood, Florida. It was established in 2000 and has since become 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.
Although it is accredited, certain states have limited their access to their services.
What CuraDebt do?
Helping you settle your debt is CuraDebt’s most well-known feature. They also provide additional services to assist you in becoming financially secure.
First of all, it begins by requesting a free savings estimate on the internet. It is a completely private service and won’t be conducting a credit screening. With this estimate of savings, you will be able to learn more about the other options in your journey to debt-free.
The savings estimate, as we’ve mentioned previously, offers you the opportunity to consider your options regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial counselor as well as a support team to assist you with the process of credit arbitration should you choose to enroll. Financial advisors may be able to assist you with your debt-free journey.
After your debt settlement program, CuraDebt can be the company to handle all of your creditors’ calls. They will be the ones who negotiate what you will pay for your payment in accordance with the state of your financial situation. In determining which option is the best for you, it can be a lump-sum settlement or a payment plan.
Additionally they will also be working with creditors so that you can enjoy better rates when you make deposits to your savings account. This is then processed to pay off creditors. The plans they offer can help you pay off the debt in 48 months.
After you’ve registered with them, they’ll provide you with access to your account information 24 hours a day. All you have to do is log in to CuraDebts the client portal so that you can 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
- Have a verifiable income
- Have a minimum debt of $5,000
What can they assist you?
Here are the different ways CuraDebt can help you.
As their name suggests, CuraDebt can assist you in dealing with debt. They can negotiate settlements on your behalf to settle all kinds of debt. They can help with medical bills, personal loans, credit cards and lines of credit. You can also approach them to settle any outstanding balance of business debt collection, repossessions, or collections.
They can even help negotiate on tax owed and IRS debt. However, you will not receive assistance for the majority cases, government loans as well as collateral and utility bills. The same goes for student loans.
On the contrary, they’ll help you use 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, should it be possible. Certain violations could cause your debt to be also dismissed.
CuraDebt also allows you to pay off debts with less than the amount you own. You can also ask questions during their free consultation with their debt counsellor.
The greatest benefit of their program is that you will only have to pay for the charges once your debt is settled. All you need to sign up to some of their programs, and you’ll be able to resolve all of your debts.
Tax Management and Relief
CuraDebt can also deal with taxes. Once they’ve gathered all your financial records and tax documents, they’ll also collect all the paperwork you’ll need for tax returns.
With this program, you’ll be able to solve the various types of tax problems such as garnishments on wages and tax penalties, personal and taxation for business, back taxes and trust fund penalties and tax liens.
There aren’t any hidden charges either. They use only flat-fee pricing that is based on the amount you must settle.
They offer different options when it comes to settling the 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?
Although they specialize in debt settlement, it is not their specialization, they don’t cater to all types in debt resolution. CuraDebt is only focused on loans that are not secured. They can’t help you if the debt or loan is tied to a physical item.
However, if you have the following types of debt, they’ll negotiate settlements on your behalf.
With CuraDebt, you should be able to settle your past-due tax debts without difficulty. Moreover, this type of service is offered to all 50 states in the event that you owe money in arrears to IRS. There are tax experts from the federal government that can help you resolve these kinds of problems.
CuraDebt will also help you resolve the medical bills. In some instances you might even be able to pay them for less than what you owe.
Private Student Loan
CuraDebt doesn’t cater to the federal government’s student loan. However, they can assist private students with negotiating any student loans that they have to pay.
Personal loans and payday loans are also eligible to be eligible for debt relief programs. It is also possible to avail the program of the program if you also have other unsecured credit lines that you got from an alternative financial institution or bank.
Credit Card Debt
Whether you have debt with store credit cards, traditional credit cards, or private label credit cards, CuraDebt will help you pay it off.
What will it cost you?
The most appealing aspect of CuraDebt is the way they’ve priced their services. They do not charge an upfront cost. Only pay when you’ve paid each of your outstanding debts.
Also, they don’t have high-cost fees as well. In the average, you’ll need to pay up to 20% of the debt you settled with them.
On average, this type of business can cost anywhere between 15% and 25%.
Moreover, clients can expect to pay off their debts in between 2 and 4 years. But, it also differs according to the amount you are able to save each month.
Additionally, they claim that you can save up to 30% when you factor in their charges into your calculation.
However, this statement will vary, depending on your situation. Some customers even claimed to save between 50% and 80%.
The benefits of using CuraDebt
Once you’ve got an understanding of what CuraDebt offers, Let’s take a look at the benefits that come with using CuraDebt.
The first is that CuraDebt will only charge you when you’ve paid off your debt. Additionally 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 restoration program.
It’s an excellent method to improve the credit rating without having to go back into debt. However, the program runs different for every person, depending on your situation.
In the end, CureDebt looks into your debt so that they can assist in settlements and negotiations. This means your debt won’t inflate as time passes. They’ll also investigate any creditor violations using their own experts.
The drawbacks of using CuraDebt
Let’s also consider some of the disadvantages of CuraDebt.
Debt relief and debt settlements typically require you to stop paying with your credit card. Therefore, if you’re trying improve your standing on credit scores, you may cause you to delay getting rid of your obligations.
CureDebt does not offer a mobile application. Although they have a website that clients can access, it looks old and mundane. It’s not very intuitive, and it can be difficult to navigate.
Moreover, they are still not recognized by the Better Business Bureau although they did receive an A+ grade.
The Final Verdict
CuraDebt is a good program that will allow you to settle your debt without spending more on those types of services. Additionally, their 20% service fee is less expensive than the majority of companies that offer a 25% fee. There aren’t any upfront fees, and you will only be required to pay once the debt is settled.
Although they’ll allow you to access an account that allows you to track your progress however, their website isn’t simple to navigate. CuraDebt isn’t even an app yet, which would make it easier to track your performance. Economic Growth And Tax Relief Reconciliation Act
They do have a great support team that you can contact them, not only via emails but also via phone or sending an e-ticket. Economic Growth And Tax Relief Reconciliation Act
If credit card is a major issue right now, we recommend CuraDebt’s service. Be sure to be eligible and that the programs they provide are in your state.
FAQ Economic Growth And Tax Relief Reconciliation Act
What is the time frame to finish the program?
The program typically takes 24 to 48 months, depending on the amount of your debt as well as your agreement on the settlement.
Can CuraDebt assist with tax problems in the state?
Sure, CuraDebt provides tax relief programs that can aid you in dealing with problems such as delinquent payroll tax issues and garnishments on wages.
What’s the first thing I have to do once I’m in the program?
You’ll be required to communicate with the team and pay the required payments to reduce the amount of debt you have over time.