Are you experiencing debt that has been piling up lately? Are you burnt out from trying different financial advice and strategies but you’re still struggling with unsolved problems?
Maybe you’re here because you’ve tried everything.
In most cases, the most effective approach is to talk to experts who can help to resolve this issue.
CuraDebt is among the most frequently contacted companies. A lot of people are asking if they can help you or put you into more debt.
According to their clients, they can help you manage the majority of your debt so that you can take couple of w
orries off your mind.
But for some people they believe these claims are too good to be true.
Suppose you’re on the lookout for any solution that could help you resolve your debt. In this case, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep review of the way CuraDebt operates and what issues it can help you solve.
Furthermore, before we conclude our discussion, we’ll take a look at its advantages and drawbacks.
Before starting 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. Afterward, you will want to read the rest of our article for a more comprehensive review.
About the Company Healthcare Tax Relief Act
CuraDebt is a company that provides debt relief from 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 it is accredited, certain states have imposed restrictions on their services.
What CuraDebt do?
Assistance in settling your debt is the most known feature. They also provide additional services to help you be more financially stable.
First of all, it begins by requesting a free savings estimate online. This service is very confidential and they will not be doing a credit check. By using this estimate of savings you’ll be able to be able to learn more about the options towards debt-free.
Savings estimates, as mentioned earlier, provides you with the opportunity to consider your choices regardless of whether or not you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial advisor and a support team to assist you in navigating credit arbitration in the event that you decide to enroll. Certain financial advisors can assist you on your path to debt-free living.
Following your debt settlement program, CuraDebt will be the agency to answer all of your creditor’s calls. They’ll also be the ones who will negotiate the terms of your repayment in accordance with the state of your finances. Depending on which works best to you, this could be a lump-sum settlement or an installment plan.
Moreover they will be working with the creditors so that you can get better rates when you transfer money into your savings account. This in turn, will process to pay the creditors. Their plans can help you get rid of debt in just the period of 48 months.
After you’ve registered with them, they’ll give you access to your data 24/7. All you need to do is sign in to CuraDebts the client portal so that you can monitor your performance.
Before you can benefit from the program, you’ll have to satisfy their criteria first. To be eligible, you’ll need to meet the following requirements:
- Minimum 21 years old
- Earn a reliable income
- Minimum debt must be $5,000
What can they assist you?
Here are some of the ways CuraDebt can help you.
Like their name implies, CuraDebt can help you deal your debt. They are able to negotiate settlements on your behalf to settle all kinds of debt. They can help with medical bills, personal loans credit cards, and also lines of credit. They can also be approached to pay off any remaining balance of business debt and collections or repossessions.
They can even help negotiate with back taxes as well as IRS debt. However, you won’t get assistance with the majority cases, government loans as well as collateral and utility bills. Also, they don’t cover the majority of student loans.
On the other hand, they can assist you in navigating laws such as that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They can also assist you in identifying debtors who are in violation in order to get cash settlements, if possible. Some violations can also lead to having your debts also dismissed.
CuraDebt can also help you pay off debts with less than the amount you have. Additionally, you can ask questions during their free consultation with their debt counsellor.
The most appealing aspect of the program is that you only have to pay for the charges after your debt has been settled. All you need to sign up for some of their programs, and you’ll have the ability to resolve all of your debts.
Tax Management and Relief
CuraDebt can also deal with taxes. After they have gathered all your financial documentation and tax documents, they’ll also collect all the paperwork you’ll need for tax returns.
Through this program, you should be able to resolve various tax issues like wage garnishments, tax penalties, personal and taxation for business as well as back taxes as well as trust fund penalties and tax lien.
There aren’t any hidden costs neither are there hidden fees. They only offer flat-fee prices and is dependent on the amount you must settle.
They offer different options for paying off taxes. Here are six of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What kinds of debts can they help you with?
While debt settlement is their forte but they aren’t able to cater to all types in debt resolution. CuraDebt concentrates on unsecured debt. They won’t be able to help you if the debt or loan is tied to a physical item.
If, however, you are in one of the following kinds of debt, they’ll make arrangements for settlements.
With CuraDebt, you should be able pay off tax debts that were due to be paid without any problems. Furthermore, this service is offered to all 50 states if you owe money to the IRS. There are tax experts from the federal government to assist you with these kinds of problems.
CuraDebt can also assist in settling your medical debt. In some cases you could even settle them less than the amount you are owed.
Private Student Loan
CuraDebt doesn’t cater to Federal student loan. However, they can assist private students in negotiating any student loans that they have to pay.
Personal loans and payday loans also qualify to be eligible for debt relief programs. You may also be eligible of the program if you also have other unsecured credit lines you obtained from another bank or financial institution.
Credit Card Debt
Whether you have debt with store credit cards as well as traditional credit cards as well as private label credit card CuraDebt will help you pay it off.
What is the cost?
The most appealing aspect of CuraDebt is how the company has priced its services. They don’t charge an upfront fee. The only time you pay is when you’ve paid each of your outstanding debts.
Additionally, they don’t charge high fees as well. On average, you’ll have to pay between 20 and 20 percent of the debt that you settled through them.
In the average, this kind of industry can charge anywhere between 15% and 25%.
In addition, customers can expect to settle their debt from between 2 and 4 years. This varies according to the amount you save per month.
They also claim you can save up to 30% if you include their costs into your calculations.
However, the claim may vary, depending on your situation. Some customers have even talked about saving between 50% and 80%.
The benefits of using CuraDebt
Once you’ve got a clearer picture of what CuraDebt can offer you let’s look into the advantages that come with using CuraDebt.
In the beginning, CuraDebt is only charged once you’ve paid off your debt. Furthermore, they only charge 20% of the cost, whereas many companies charge 25 percent.
Then, if you’re done by the program for debt relief you can enroll in their credit restoration program.
It’s an excellent option to rebuild the credit rating without having to go back into debt. However, the program runs in a different way for each individual according to your personal situation.
In the end, 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 be looking into any creditor violations with the assistance of their experts in-house.
The drawbacks of using CuraDebt
Let’s also consider some of the negatives of CuraDebt.
Debt settlement and debt relief usually require that you cease making payments with . Therefore, if you’re trying improve your standing on credit scores, you could cause you to delay finishing your debt.
CureDebt also doesn’t have a mobile app. While they have a client website, it looks old and mundane. It’s not very intuitive and could be challenging to navigate.
Furthermore, they are not recognized by the Better Business Bureau although they were awarded an A+ grade.
The Final Verdict
CuraDebt is a great program that lets you resolve your debt without having to spend more on those types of services. Additionally their 20% service charge is cheaper than most companies that offer a 25% fee. There aren’t any upfront fees, and you will only have to pay the fee when the debt is paid off.
Although they’ll allow you to access an account that allows you to track your progress but their website isn’t simple to navigate. CuraDebt isn’t even an app yet, which will make it easier to monitor your performance.
However, they have a great support team that you can contact them not just via email but also by phone or sending an e-ticket. Healthcare Tax Relief Act
If your 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 Healthcare Tax Relief Act
What is the time frame to complete the program?
The average program is 24 to 48 months, dependent on the size of your debt and the stipulated settlement.
Can CuraDebt assist with state tax problems?
It is true that CuraDebt provides tax relief programs that will help you with problems such as late payroll tax issues and wage garnishments.
What should I do after joining the program?
You’ll be required to communicate with your team members and pay the required payments to lower your debt over time.