Are you experiencing debt that has been increasing lately? Are you burnt out from trying different financial tips and advice but still have unsolved issues?
Maybe you’re here because you’ve been through everything.
In the majority of cases, your most effective approach is to talk to experts who can assist you resolve the issue.
CuraDebt is one of the most asked companies. A lot of people are asking if they can assist you or help you get into more debt.
According to their clients they can help you manage 80percent of your debt , so you can finally take a couple of worries off your plate.
However, for certain people the claims seem too good to be true.
You might be looking for anything that can help you resolve your debt. If that’s the case, CuraDebt will mostly be suggested by people. We’ll be taking an in-depth study of how CuraDebt operates and what issues it could help solve.
Moreover, before we end our discussion, we’ll take a look at its advantages and drawbacks.
Before you begin the review, you can watch this video instead if you 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’ll want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company Essential Worker Tax Relief
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000, and is an active member of the American Fair Credit Council, the US Chamber of Commerce, and accredited with the International Association of Professional Debt Arbitrators.
While it is accredited, certain states have limited their access to their services.
What CuraDebt do?
Assistance in settling your debt is the most popular feature. But they offer other services that will aid you in becoming more financially stable.
First of all, it begins with requesting a free savings estimate online. This service is very 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 mentioned before, gives you the opportunity to consider your choices, regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial counselor and a support team to assist you in navigating credit arbitration in the event that you decide to join. Financial advisors may be able to assist you with your debt-free journey.
After your debt settlement program is completed, CuraDebt will be the agency to handle all of your creditor’s calls. They will be the ones who negotiate conditions of the settlement based on the status of your financial situation. Based on what works best your situation, the payment can be either a lump sum settlement or a payment plan.
Furthermore they will also be working with creditors to ensure that you get better rates when you deposit money to your savings account, which in turn, will process to pay back creditors. Their programs can assist you to pay off the debt in 48 months.
Once you’ve signed up with them, they’ll allow you access to your information 24/7. All you need to do is log in to CuraDebts’ client portal to track your development.
Before you can avail of their program, you’ll need to meet their eligibility requirements first. For eligibility, you’ll have to meet the following requirements:
- At least 21 years old
- Have a verifiable income
- Minimum debt must be $5,000
What are they able to assist you with?
Here are the various ways CuraDebt can assist you.
Like their name implies, CuraDebt can help you deal with your debt. They are able to negotiate settlements on your behalf for all kinds of debt. These include medical bills, personal loans credit cards, as well as lines of credit. They are also able to help settle any remaining balance of business debt, collections, or repossessions.
They may even assist you in negotiating for 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 other hand, they will assist you with laws like those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify creditor violations in order to get cash settlements, should it be possible. Certain violations could lead to having your debts also dismissed.
CuraDebt also allows you to repay debt for less than the sum you have. You can also inquire about your debt during their no-cost consultation with their debt advisor.
The best part about their plan is that you’ll only have to pay for the charges once your debt is settled. All you need to sign up to one of their plans, and you’ll be able to settle each of your debts.
Tax Management and Relief
CuraDebt can also help you with taxes. After they have gathered all your financial documentation, they will also collect all the paperwork you’ll need for tax returns.
Through this program, you should be able to deal with different types of taxes such as wage garnishments as well as tax penalties for personal and taxation for business and back taxes as well as trust fund penalties and tax lien.
There aren’t any hidden charges neither are there hidden fees. They only use flat-fee pricing that is based on the amount you’ll need to settle.
There are a variety of options for the settlement of taxes. Here are 6 of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What kinds of debts are they able to help with?
Although debt settlement is their forte but they aren’t able to provide all kinds in debt resolution. CuraDebt only focuses on unsecured debt. They can’t help you if the credit or loan is tied to an actual item.
If, however, you are in the following kinds of debt, they’ll negotiate settlements on your behalf.
With CuraDebt, you should be able pay off taxes that are due without any problems. Furthermore, this service is offered across all 50 states, if you have a debt to the IRS. They have federal tax experts that can help you resolve the issues.
CuraDebt can also assist in settling any medical-related debt. In certain cases you could even settle them less than the amount you are owed.
Private Student Loan
CuraDebt does not offer the federal government’s student loan. Still, they can help private students negotiate any loans they are owed.
Personal and payday loans also qualify as debt-settling programs. You may also be eligible if you have other unsecured credit lines that you have obtained from a different 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.
What will it cost you?
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 costs either. In the average, you’ll need to pay as much as 20 percent of the debt you settled with them.
In general, this type of industry charges between 15 and 25%.
In addition, customers can expect to settle their debts within two to four years. This varies depending on the amount that you save per month.
Additionally, they claim you can save as much as 30% when you factor in their fees in your equation.
But this claim will also differ based on your specific situation. Some customers even claimed to save between 50% and 80%.
Benefits of using CuraDebt
Now that you have a clearer picture of the benefits CuraDebt offers, Let’s take a look at the benefits of using CuraDebt.
In the beginning, CuraDebt only charges you once you’ve paid off your debt. In addition they charge only a 20% fee while the majority of companies charge 25 percent.
Next, if you’re done with the debt settlement program you could enroll in their credit repair program.
It’s a great way to restore your credit score without going 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, your debt won’t increase as time passes. They’ll also look into any violations by creditors with the assistance of their in-house experts.
The drawbacks of using CuraDebt
Let’s also look into some of the disadvantages of CuraDebt.
Debt settlement and debt relief usually require that you stop paying with your credit card. If you’re trying to increase your credit score, it might delay you from getting rid of your obligations.
CureDebt does not have a mobile app available. While they do have a website that clients can access, it looks outdated and basic. It’s not very intuitive and could be difficult to navigate.
Moreover, they are still not recognized by the Better Business Bureau although they did receive an A+ rating.
The Final Verdict
CuraDebt is a good program that lets you resolve your debt without having to spend more for these types of services. In addition, their 20% service charge is lower than many businesses that charge a 25% fee. There are no upfront payments and you’ll 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 easy to navigate. CuraDebt does not have an app that would make it easier to track your performance. Essential Worker Tax Relief
However, they have a great support team and can be reached them not only through emails but by phone or by submitting an electronic ticket. Essential Worker Tax Relief
If debt is a big problem, then we recommend CuraDebt’s service. Just make sure that you’re qualified and that the services they provide are in your state.
FAQ Essential Worker Tax Relief
How long will it take to finish the program?
The typical program lasts from between 24 and 48 months dependent on the size of your debt and the stipulated settlement.
Can CuraDebt help with tax problems in the state?
It is true that CuraDebt provides tax relief programs to aid you in dealing with problems such as delinquent payroll tax issues and garnishments of wages.
What’s the first thing I have to do when I’m enrolled in the program?
You’ll need to constantly communicate with your team members and make the necessary payments to pay down your debt over time.