Have your debts increased lately? Are you burnt out from trying other financial tips and advice but still have unsolved issues?
Maybe you’re here because you’ve already tried every thing.
In the majority of cases, your best way is to approach professionals that 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 help you get into more debt.
According to their clients they can help you control 80percent of your debt , so you can finally take a couple of things off your plate.
But for some people the claims seem too good to be true.
Suppose you’re on the lookout for any solution that could help you resolve your debt. In this scenario, CuraDebt will mostly be highly recommended by those. We’ll take a deeper study of how CuraDebt operates and what issues it can help you solve.
In addition, prior to our conclusion, we’ll also look into its advantages and drawbacks.
Before starting the review, check out 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 overview. Afterward, you will want to read the rest of our article for a more comprehensive review.
About the Company Entrepreneur Relief Tax
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000 and has since become an active participant in the American Fair Credit Council, the US Chamber of Commerce, and accredited by 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. But they offer additional services to aid you in becoming more financially secure.
It all begins with requesting a free online savings estimate. It is a completely private service and won’t conduct a credit inquiry. By using this estimate of savings you’ll be able to be able to learn more about the other options in your journey to be debt-free.
Savings estimates, as we’ve mentioned previously, offers you an idea of your options 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 in navigating credit arbitration in the event that you decide to sign up. Certain financial advisors can assist you with your debt-free journey.
After your debt settlement plan, CuraDebt will be the one to take care of all the calls from your creditors. They will be the ones who negotiate conditions of the repayment depending on the condition of your financial situation. In determining which option is the most effectively to you, this 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 deposit money to your savings account, which in turn, will process to pay the creditors. Their programs can assist you to pay off the debt in two years.
Once you’ve signed up with them, they will allow you access to your account information 24 hours a day. All you need to do is log in to CuraDebts’ client portal so that you can monitor your performance.
Before you can avail of their program, you’ll need to meet their eligibility requirements first. For eligibility, you’ll need to be:
- Minimum 21 years old
- Earn a reliable income
- You must have a minimum balance of $5,000
What can they help you with?
Here are some of the ways CuraDebt can aid you.
Like their name implies, CuraDebt can assist you in dealing with debt. They can negotiate settlements on behalf of you for the majority of types of debt. They can help with personal loans, medical bills credit cards, as well as line of credit. They can also be approached to settle any outstanding amount on business debts and collections or repossessions.
They may also assist in negotiating with back taxes as well as IRS debt. But, you won’t receive support for most cases, loans from the government as well as collateral and utility bills. They also don’t cover most student loans.
On the contrary, they’ll assist you with laws like those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find the violations of creditors so that you can have cash settlements, if possible. Some violations can also cause your debt to be dismissed as well.
CuraDebt also allows you to pay off debts with less than the sum you have. You can also ask questions during their free consult with their debt counselor.
The best part about their program is that you will only pay the fees when your debt is paid off. All you need to sign up for any of the plans and you’ll be able settle each of your debts.
Tax Management and Relief
CuraDebt can also deal with your tax debt. Once they’ve gathered all your financial records They will also gather all the paperwork you’ll need to file tax returns.
With this program, you will be able to resolve the various types of tax problems like wage garnishments and tax penalties, personal and business taxes as well as back taxes, trust fund penalties, and tax liens.
There aren’t any hidden costs either. They only offer flat-fee prices, which depends on the amount you need to settle.
There are a variety of options for the settlement of your tax debt. Here are 6 of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What kind of debt are they able to help with?
Although debt settlement is their specialty however, they do not provide all kinds of settlement. 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, however, you are in one of the following kinds of debt, they will make arrangements for settlements.
With CuraDebt it is expected that you will be able pay off taxes that are due without difficulty. Furthermore, this service is available to all 50 states if you owe money in arrears to IRS. There are tax experts from the federal government to assist you with these kinds of problems.
CuraDebt will also help you resolve your medical debt. In some instances you could even settle them for less than what you are owed.
Private Student Loan
CuraDebt doesn’t cater to federal student loans. They can however assist private students with negotiating any student loans that they are owed.
Personal loans 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 you obtained from a different bank or financial institution.
Credit Card Debt
If you are in debt through store credit cards, traditional credit cards, and 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 the company has priced its services. They don’t charge upfront fees. Only pay when you’ve paid each of your debts.
They also don’t have high-cost charges either. On average, you’ll be required to pay as much as 20 percent of the debt you settled with them.
In the average, this kind of business can cost anywhere from 15% to 25%.
Moreover, clients can expect to settle their debt from between 2 and 4 years. However, this also varies according to the amount you save per month.
Also, they claim that you can save up to 30% when you factor in their costs into your calculations.
But this claim will also vary, depending on your specific situation. Some clients even mentioned saving 50% to 80%.
The benefits of using CuraDebt
Now that you have an understanding of what CuraDebt can offer you let’s look into the advantages from using CuraDebt.
In the beginning, CuraDebt is only charged when you’ve paid off your debt. Additionally they only charge an amount of 20%, while many companies charge 25%.
Then, 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 score without having to go into debt again. However, the program lasts in a different way for each individual, depending on your situation.
Finally, CureDebt looks into your debt so that they can assist with settlements and negotiations. So, the amount you owe won’t rise over time. They’ll also look into any creditor violations with the assistance of their own experts.
Drawbacks of the use of CuraDebt
We will also examine some of the drawbacks of CuraDebt.
Debt settlement and debt relief typically require you to stop making payments using your credit card. Therefore, if you’re trying increase your standing on credit scores, you might cause you to delay getting rid of your obligations.
CureDebt also doesn’t offer a mobile application. While they have a website that clients can access however, it appears outdated and basic. It’s not particularly intuitive, and it can be difficult to navigate.
In addition, they’re not recognized by an accreditation from the Better Business Bureau although they received an A+ grade.
The Final Verdict
CuraDebt is a great program that allows you to pay off your debts without spending more for these types of services. Additionally, their 20% service cost is less expensive than the majority of businesses that charge an additional 25% charge. There aren’t any upfront fees and you’ll only be required to pay once the debt is settled.
While they’ll provide you with an account to see your progress however, their website isn’t simple to navigate. CuraDebt isn’t even an app, which could make it easier for you to monitor your progression.
They do have a great support team and can be reached them not only through emails but by phone or by making an e-ticket. Entrepreneur Relief Tax
If your credit card is a major issue right now, we recommend CuraDebt’s service. Make sure you’re qualified and that the services they provide are in your state.
FAQ Entrepreneur Relief Tax
What is the time frame to complete the program?
The program typically takes between 24 and 48 months dependent on the size of your debt and the agreed settlement.
Can CuraDebt aid with state tax problems?
It is true that CuraDebt has a tax relief program that will assist you with issues such as late payroll tax issues and garnishments on wages.
What do I need to do when I’m enrolled in the program?
You’ll need to constantly communicate with the team and make the necessary payments to pay down your debt over time.