Are you experiencing debt that has been increasing lately? Are you burnt out from trying different financial advice and tips but still have unsolved issues?
Perhaps you’re here because you’ve already tried everything.
In most cases, the best way is to approach 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 help you or put you into more debt.
According to their clients, they can help you manage 80percent of your debts so that you can finally take a few things off of your shoulders.
For some, these claims are just too good to be true.
You might be looking for anything that can help you resolve your debt. In that situation, CuraDebt will mostly be highly recommended by those. We’ll be taking an in-depth review of how CuraDebt works and what problems it can solve for you.
Moreover, before we end, we’ll also look into its advantages and drawbacks.
Before beginning the review, watch this video instead in case you would prefer for it to be watched.
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 overview. After, you will want to read the rest of our article for a more comprehensive review.
About the Company Federal Trade Commission Tax Debt Relief
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000 and has since become a part of the American Fair Credit Council, the US Chamber of Commerce, and is accredited through the International Association of Professional Debt Arbitrators.
Although the service is accredited, certain states have limited their access to their services.
What can CuraDebt do?
Helping you pay off your debt is CuraDebt’s most known feature. But they offer other services that will aid you in becoming more financially secure.
The process begins by requesting a free savings estimate on the internet. The service is completely confidential and they will not conduct a credit inquiry. With this estimate of savings you’ll learn more about your options towards debt-free.
Savings estimates, which was mentioned earlier, provides you with an idea of your options regardless of whether or not you’re planning to continue using CuraDebt.
CuraDebt will provide you with a financial counselor and a team of support to assist you with the process of credit arbitration should you choose to sign up. Some financial advisors can help you on your path to debt-free living.
Following the debt settlement program is completed, CuraDebt is the one to answer all of the calls from your creditors. They’ll also be the ones who will determine what you will pay for your repayment depending on the condition of your financial situation. In determining which option is the most effectively to you, this can be a lump-sum settlement or a payment plan.
Moreover, they will work with lenders to help you get better rates when you make deposits to your savings account. This, in turn, will be processed to pay off creditors. Their plans can help you settle the debt within two years.
Once you’ve signed up with them, they’ll give you access to your information 24/7. All you have to do is sign in to CuraDebts the client portal to monitor your progress.
Before you are able to avail their program, you’ll need to meet their eligibility requirements first. For eligibility, you’ll need to meet the following requirements:
- At least 21 years old
- Earn a reliable income
- Minimum debt must be $5,000
What are they able to assist you?
Here are the different ways CuraDebt can help you.
The name of the company suggests that CuraDebt can assist you in dealing with debt. They can negotiate settlements on behalf of you for the majority of types of debt. These include medical bills, personal loans credit cards, and also loans. They are also able to help settle any remaining balance of business debt, collections, or repossessions.
They can even help negotiate with back taxes as well as IRS debt. However, you will not receive assistance for the majority of your lawsuits, government loans as well as collateral and utility bills. They also don’t cover most student loans.
On the other hand, they can assist you in navigating laws such as 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 in order to get cash settlements, if possible. Certain violations could lead to having your debts also dismissed.
CuraDebt also allows you to settle debt with less than the sum you have. They also allow you to have questions answered during a free consult with their debt counsellor.
The best part about their program is that you will only pay the fees once your debt is settled. All you need to sign up to one of their plans and you’ll have the ability to settle each of your debts.
Tax Management and Relief
CuraDebt will also handle your tax debt. Once they’ve gathered all your financial records, they will also collect all the necessary paperwork for tax returns.
By using this program, you should be able to resolve various tax issues like wage garnishments, tax penalties, personal and taxation for business, back taxes as well as trust fund penalties and tax lien.
There aren’t hidden fees also. They only use flat-fee pricing and is dependent on the amount you’ll must settle.
There are a variety of options when it comes to the settlement of your tax debt. Here are six of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What kind of debt can they assist you with?
While debt settlement is their forte but they aren’t able to offer all kinds of settlement. CuraDebt is only focused on debt that is not secured. They aren’t able to help you if the credit or loan is tied to an actual item.
If you do have the following types of debt, they’ll negotiate settlements on your behalf.
With CuraDebt it is expected that you will be able to settle your past-due tax debts without any problems. Moreover, this type of service is accessible to all 50 states if you have a debt in arrears to IRS. They have federal tax experts that can help you resolve the issues.
CuraDebt can also assist in settling any medical-related debt. In some cases, you may even pay them for less than what you owe.
Private Student Loan
CuraDebt doesn’t cater to Federal student loan. Still, they can help private students negotiate any student loans that they are owed.
Personal and payday loans are also eligible as debt-settling programs. You can also avail the program if you have other unsecure credit lines that you got from an alternative financial institution or bank.
Credit Card Debt
If you’re in debt using store credit cards, traditional credit cards, and private-label credit cards CuraDebt can help you pay it off.
How much will it cost?
The greatest thing about CuraDebt’s pricing is how the company has priced its services. They do not charge an upfront cost. Only pay when you have paid off all of your outstanding debts.
Also, they don’t have high-cost costs either. On average, you’ll be required to pay up to 20 percent of the debt you settled through them.
On average, this type of industry can charge anywhere between 15 and 25%.
Moreover, clients can expect to settle their debt from between 2 and 4 years. But, it also differs in relation to the amount you save per month.
Additionally, they claim that you can save up to 30% by incorporating their costs into your calculations.
However, this statement will vary, depending on your specific situation. Some clients even mentioned saving 50 to 80percent.
The 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.
First, CuraDebt will only charge you after you’ve settled your debt. Additionally they only charge an amount of 20%, while most companies charge you 25 percent.
Next, if you’re done in the process of debt resolution, you could join their credit repair program.
It’s a great way to restore the credit rating 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 with settlements and negotiations. This means your debt won’t increase as time passes. They’ll also investigate any violations of creditor with the assistance of their experts in-house.
The drawbacks of the use of CuraDebt
Let’s also consider some of the disadvantages of CuraDebt.
Settlement of debt and debt relief often require you to cease making payments with your credit card. Therefore, if you’re trying increase your standing on credit scores, you may cause you to delay working on your credit card debt.
CureDebt doesn’t even offer a mobile application. Although they have a website that clients can access however, it appears old and mundane. It’s not particularly intuitive, and it can be difficult to navigate.
Furthermore, they are not credited with the Better Business Bureau although they were awarded an A+ rating.
The Final Verdict
CuraDebt is a good program that will allow you to settle your debt without spending more on those types of services. In addition, their 20% service cost is less expensive than the majority of companies that offer a 25% fee. There is no upfront payment, and you will only have to pay the fee when the debt is settled.
Although they’ll allow you to access an account so that you can track your progress but their website isn’t easy to navigate. CuraDebt does not have an app, which will make it easier to track your progress.
They do have a great support team that you can contact them not only through emails but by phone or by submitting an electronic ticket. Federal Trade Commission Tax Debt Relief
If the credit card is a major problem, then we strongly recommend CuraDebt’s debt management program. Be sure to be qualified and that the services they provide are in your state.
FAQ Federal Trade Commission Tax Debt Relief
How long will it take to complete the program?
The program typically takes between 24 and 48 months depending on the amount of your debt as well as the stipulated settlement.
Can CuraDebt assist in the fight against state tax issues?
It is true that CuraDebt provides tax relief programs that will help you with problems like delinquent taxes and garnishments on wages.
What do I need to do after joining the program?
You’ll be required to communicate with the team and pay the required payments to pay down the amount of debt you have over time.