Have your debts been piling up lately? Are you tired of trying other financial advice and tips but haven’t solved your problems?
Maybe you’re here because tried everything.
In most cases, the best option is to speak with experts who can assist you resolve the issue.
CuraDebt is one of the companies that get the most inquiries. A lot of people have been inquiring whether they are able to help or put you in more debt.
According to their customers, they can help you manage 80% of your debts so that you can take couple of w
orries off your mind.
However, for certain people they believe these claims are too good to be true.
If you’re looking for anything that can aid you in settling your debt. In this situation, CuraDebt will mostly be suggested by people. We’ll take a deeper look at the way CuraDebt works and what problems it could help solve.
In addition, prior to our conclusion our discussion, we’ll take a look at its benefits and drawbacks.
Before starting the review, you can watch this video instead for a more relaxing way for it to be watched.
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’ll want to read the rest of our article for a more comprehensive review of CuraDebt.
About the Company Franchise Tax Board Mortgage Forgiveness Debt Relief Act Extended To 2021
CuraDebt is a debt relief company from Hollywood, Florida. It was established in 2000 and has been a part of the American Fair Credit Council, the US Chamber of Commerce, and has been accredited with the International Association of Professional Debt Arbitrators.
Although it is accredited, some states have limited their access to their services.
What can CuraDebt do?
Helping you settle your debt is CuraDebt’s most popular feature. They also provide additional services to aid you in becoming more financially stable.
It all starts by requesting a no-cost savings estimate online. This service is very confidential and they will not be doing a credit check. With this estimate of savings you’ll learn more about your other options in your journey to debt-free.
The savings estimate, as mentioned earlier, provides you with the opportunity to consider your choices regardless of whether or not you’re planning on using CuraDebt.
CuraDebt will provide you with a financial counselor as well as a support team to help you with credit arbitration if you decide to join. Financial advisors may be able to assist you in your debt-free journey.
After your debt settlement plan, CuraDebt is the company to answer all of your creditor’s calls. They’ll also be the ones that determine what you will pay for your settlement based on the status of your financial situation. Based on what works most effectively your situation, the payment can either be a lump sum settlement or a payment plan.
Moreover they will also be working with the creditors so that you can have better rates as you make deposits to your savings account, which in turn, will process to pay off the creditors. Their plans can help you settle the debt within the period of 48 months.
After you’ve registered with them, they will provide you with access to your data 24/7. All you need to do is login to CuraDebts the client portal so that you can monitor your performance.
Before you are able to avail their program, you’ll need to meet their eligibility requirements first. To be eligible, you’ll need to meet the following criteria:
- Minimum 21 years old
- Earn a reliable income
- You must have a minimum balance of $5,000
What are they able to assist you with?
Here are some of the ways CuraDebt can help you.
As their name suggests, CuraDebt can help you deal 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 also line of credit. They are also able to help settle any remaining balance of business debt, collections, or repossessions.
They can even help negotiate for back taxes and IRS debt. However, you will not receive support for most cases, government loans as well as collateral and utility bills. The same goes for student loans.
On the other hand, they will assist you in navigating laws such as the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They can also assist you in identifying the violations of creditors to ensure that you receive cash settlements, should it be possible. Some violations can also cause your debt to be dismissed as well.
CuraDebt can also help you pay off debts with less than the sum you have. You can also inquire about your debt during their no-cost consult with their debt advisor.
The greatest benefit of their program is that you’ll only have to pay for the charges once your debt is settled. All you have to do is sign up with some of their programs and you’ll have the ability to resolve all of your debts.
Tax Management and Relief
CuraDebt can also help you with your tax debt. After they have gathered all your financial documents and tax documents, they’ll also collect all the documents you’ll require to file tax returns.
Through this program, you will be able to deal with different types of taxes like wage garnishments as well as tax penalties for personal and business taxes, back taxes as well as trust fund penalties and tax lien.
There aren’t hidden fees also. They use only flat-fee pricing and is dependent on the amount that you’ll must settle.
They have different solutions in paying off your 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 assist you with?
While debt settlement is their specialty but they aren’t able to cater to all types in debt resolution. CuraDebt concentrates on unsecured debt. They can’t assist you if your credit or loan is tied to an actual item.
However, if you have the following kinds of debt, they’ll negotiate settlements on your behalf.
With CuraDebt the service, you’ll be able to pay your past-due tax debts without any problems. Moreover, this type of service is offered 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 will also help you resolve the medical bills. In some instances you could even settle the debt for less than you have to pay.
Private Student Loan
CuraDebt doesn’t cater to Federal student loan. Still, they can help private students negotiate any student loans that they owe.
Personal and payday loans are also eligible as debt-settling programs. You can also avail of the program if you also have other unsecured credit lines you obtained from a different financial institution or bank.
Credit Card Debt
Whether you have debt with store credit cards as well as traditional credit cards or private label credit cards, CuraDebt can help you pay it off.
What is the cost?
The best part about CuraDebt is the way they’ve priced their service. They don’t charge upfront fees. The only time you pay is when you settle each of your outstanding debts.
They also don’t have high-cost costs either. On average, you’ll have to pay as much as 20% of the debt you settled with them.
On average, this type of industry charges from 15% to 25 percentage.
Additionally, customers can anticipate to pay off their debts in 2 to 4 years. This varies in relation to the amount you can save up per month.
Also, they claim that you could save as much as 30% when you factor in their charges into your calculation.
But this claim will also differ based on the situation. Some clients even mentioned saving 50 to 80percent.
The benefits of using CuraDebt
Once you’ve got a clearer picture of what CuraDebt can provide, Let’s take a look at the benefits from using CuraDebt.
The first is that CuraDebt only charges you when you’ve paid off your debt. In addition they only charge an amount of 20%, while the majority of companies charge 25 percent.
Next, if you’re done with the debt settlement program you could join their credit restoration program.
It’s a great way to restore your credit without going in debt again. However, the program lasts different for every person according to your personal situation.
Lastly, CureDebt looks into your financial obligations to help with settlements and negotiations. So, the amount you owe won’t rise as time passes. They’ll also be looking into any creditor violations with the help of their own experts.
Drawbacks of the use of CuraDebt
Let’s also look into some of the drawbacks of CuraDebt.
Settlement of debt and debt relief usually require that you cease making payments with the credit card you use. Therefore, if you’re trying build a better credit score, it may delay you from working on your obligations.
CureDebt also doesn’t have a mobile app available. While they do have a website for clients, it looks aged and simple. It’s not very user-friendly, and can be challenging to navigate.
Moreover, they are still not accredited with the Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a useful program that will allow you to pay off your debts without spending more on those types of services. Additionally, their 20% service fee is cheaper than most firms that charge an additional 25% charge. There aren’t any upfront fees and you’ll only have to pay the fee when your debt is finally settled.
While they’ll provide you with 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 progress.
They do have a great support team and can be reached them, not only via emails but by phone or by submitting an electronic ticket. Franchise Tax Board Mortgage Forgiveness Debt Relief Act Extended To 2021
If the credit card is a major issue right now, we strongly recommend CuraDebt’s debt management program. Just make sure that you’re eligible and that the services that they provide are offered in your state.
FAQ Franchise Tax Board Mortgage Forgiveness Debt Relief Act Extended To 2021
How long does it take to complete 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?
It is true that CuraDebt provides tax relief programs that can assist you with issues such as late payroll taxes 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 the team and make the necessary payments to reduce your debt over time.