Has your debt been piling up lately? Are you exhausted from trying other 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 help you settle this issue.
CuraDebt is one of the most frequently contacted companies. Many people have been inquiring whether they can assist you or help you get into more debt.
According to their clients, they can help you control 80% of your debt , so you can finally take a couple of w
orries off your plate.
For some the claims seem too good to be true.
If you’re looking for any solution that could assist you in paying off your debt. In this case, CuraDebt will mostly be suggested by people. We’ll take a deeper review of how CuraDebt operates and what issues it can help you solve.
Moreover, before we end our discussion, we’ll take a look at its advantages and drawbacks.
Before starting the review, go to this video in case you would prefer watching it.
Otherwise, let’s begin.
Before you continue, you may want to check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick review. Afterward, you will want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company Federal Debt And Tax Relief Glassdoor
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was established in 2000 and has been a participant in the American Fair Credit Council, the US Chamber of Commerce, and accredited through the International Association of Professional Debt Arbitrators.
Although it is accredited, certain states have restricted their services.
What CuraDebt do?
Helping you pay off your debt is the most well-known feature. But they offer other services that will aid you in becoming more financially stable.
It all starts by requesting a no-cost online savings estimate. This service is very confidential and won’t be doing a credit check. By using this estimate of savings you’ll learn more about your other options in your journey to be debt-free.
This estimate of savings, which was mentioned before, gives you an insight into your choices, regardless of whether you’re planning on using CuraDebt.
CuraDebt will provide you with a financial counselor and a team of support to help you with credit arbitration if you decide to join. Some financial advisors can help you in your debt-free journey.
Following the debt settlement plan, CuraDebt is the company to handle all of the calls from your creditors. They’ll also be the ones who will determine conditions of the repayment depending on the condition of your financial situation. In determining which option is the best to you, this could be a lump-sum settlement or a payment plan.
Additionally they will be working with lenders to help you enjoy better rates when you transfer money into your savings account. This in turn, will process to pay off creditors. Their programs can assist you to pay off the debt in 48 months.
Once you’ve signed up with them, they will allow you access to your information 24/7. All you need to do is login to CuraDebts’ client portal to monitor your progress.
Before you can benefit from their program, you’ll need to satisfy their criteria first. To be eligible, you’ll have to meet the following requirements:
- At least 21 years old
- Have a verifiable income
- You must have a minimum balance of $5,000
What are they able to assist you with?
Here are the different ways CuraDebt can aid you.
Like their name implies, CuraDebt can assist you in dealing with debt. They are able to negotiate settlements on behalf of you for most types of debt. This includes personal loans, medical bills credit cards, and also line of credit. You can also approach them to settle any outstanding 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 will not receive assistance for the majority claims, loans from the government or collateral, as well as utility bills. They also don’t cover most student loans.
On the contrary, they’ll help you use laws like that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find the violations of creditors to ensure that you receive cash settlements, if they are possible. Some violations can also cause your debt to be also dismissed.
CuraDebt can also help you pay off debts with less than the sum you have. Additionally, you can ask questions during their free meeting with their debt advisor.
The most appealing aspect of the program is that you will only have to pay for the charges once your debt is settled. All you need to do is sign up with any of the plans, and you’ll be able resolve all of your debts.
Tax Management and Relief
CuraDebt can also help you with taxes. Once they collect all of your financial documentation, they will also collect all the necessary paperwork for tax returns.
By using this program, you’ll be able to resolve the various types of tax problems like wage garnishments and tax penalties, personal and business taxes and back taxes and trust fund penalties and tax lien.
There aren’t any hidden charges also. They only use flat-fee pricing and is dependent on the amount that you’ll have to pay.
They have different solutions when it comes to the settlement of 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 help you with?
Although they specialize in debt settlement, it is not their specialty but they aren’t able to cater to all types of settlement. CuraDebt only focuses on unsecured debt. They can’t help you if the credit or loan is tied to an item that is physical.
If you do have 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 tax debts that were due to be paid without difficulty. Moreover, this type of service is accessible to all 50 states in the event that you have a debt in arrears to IRS. There are tax experts from the federal government to assist you with the issues.
CuraDebt can also assist in settling the medical bills. In some instances you might even be able to pay them less than the amount you owe.
Private Student Loan
CuraDebt does not cater to federal student loans. They can however assist private students with negotiating the student loans they have to pay.
Personal loans and payday loans are also eligible as debt-settling programs. It is also possible to avail the program the program if you have other unsecure 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, traditional credit cards, as well as private label credit card CuraDebt will help you pay it off.
How much will it cost?
The most appealing aspect of CuraDebt is the way the company has priced its services. They do not charge an upfront cost. The only time you pay is when you have paid off all of your outstanding debts.
Additionally, they don’t charge high charges either. In the average, you’ll need to pay up to 20 percent of the debt you settled with them.
On average, this type of industry can charge anywhere from 15% to 25 percentage.
Additionally, customers can anticipate to pay off their debts in two to four years. But, it also differs depending on the amount that you save per month.
Additionally, they claim that you can save as much as 30% when you factor in their fees in your equation.
However, the claim may differ based on your specific situation. Some customers have even talked about saving 50 to up to 80%.
Benefits of using CuraDebt
Once you’ve got an understanding of the benefits CuraDebt can offer you Let’s take a look at the benefits that come with using CuraDebt.
First, CuraDebt will only charge you when you’ve paid off your debt. In addition they charge only an amount of 20%, while the majority of companies charge 25%.
If you’re finished by the program for debt relief you may also sign up for their credit repair program.
It’s an excellent way to restore your credit without going into debt again. The program is however designed different for every person, depending on your situation.
Lastly, CureDebt looks into your financial obligations to assist in settlements and negotiations. So, the amount you owe won’t rise over time. They’ll also investigate any creditor violations with the assistance of their own experts.
Drawbacks of the use of CuraDebt
Let’s also consider some of the disadvantages of CuraDebt.
Debt settlement and debt relief typically require you to stop paying with your credit card. Therefore, if you’re trying improve your rating on your credit, this could cause you to delay getting rid of your debt.
CureDebt does not offer a mobile application. While they do have a website for clients, it looks outdated and basic. It’s not particularly intuitive and could be challenging to navigate.
In addition, they’re not credited with the Better Business Bureau although they were awarded an A+ rating.
The Final Verdict
CuraDebt is a great program that will allow you to settle your debt without spending more for these types of services. Additionally their 20% service charge is less expensive than the majority of firms that charge an additional 25% charge. There aren’t any upfront fees and you’ll only have to pay when the debt is paid off.
While they’ll provide you with an account so that you can track your progress however, their website isn’t easy to navigate. CuraDebt also doesn’t have an app that will make it easier to track your progress.
They do have a competent support staff that you can contact them not only through emails but by phone or by submitting an e-ticket. Federal Debt And Tax Relief Glassdoor
If the credit card is a major problem right now, we highly recommend CuraDebt’s program. Make sure you’re eligible and that the programs they offer are available in your state.
FAQ Federal Debt And Tax Relief Glassdoor
How long does it take to finish the program?
The program typically takes 24 to 48 months, dependent on the size of your debt as well as the stipulated settlement.
Can CuraDebt aid in the fight against state tax issues?
Yes, CuraDebt has a tax relief program 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 have to keep in constant contact with your team members and pay the required payments to pay down your debt over time.