Have your debts been increasing lately? Are you exhausted from trying various financial tips and advice but you’re still struggling with unsolved problems?
Maybe you’re here because already tried every thing.
In most cases, the best option is to speak with experts who can assist to resolve this issue.
CuraDebt is one of the companies that get the most inquiries. Many customers have asked if they can help you or help you get into more debt.
According to their clients, they can help you control 80% of your debt so that you are able to take couple of things off your plate.
However, for certain 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. If that’s the scenario, CuraDebt will mostly be suggested by people. We’ll be taking a deep look at the way CuraDebt operates and what issues it can solve for you.
Moreover, before we end our discussion, we’ll take a look at its benefits and drawbacks.
Before you begin the review, you can go to this video for a more relaxing way to watch it.
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 review. Afterward, you’ll want to read the rest of the article for a more comprehensive review.
About the Company How Do The Tax Relief Companies Work
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000 and has been a part of the American Fair Credit Council, the US Chamber of Commerce, and is accredited with the International Association of Professional Debt Arbitrators.
While it is accredited, certain states have imposed restrictions on their services.
What CuraDebt do?
Helping you settle your debt is one of CuraDebt’s best known feature. However, they also offer other services that can aid you in becoming more financially secure.
The process begins with requesting a free online savings estimate. The service is completely confidential and won’t conduct a credit inquiry. With this estimate of savings you’ll be able to learn more about your other options in your journey to be debt-free.
The savings estimate, as we’ve mentioned earlier, provides you with an idea of your choices regardless of whether or not you’re planning on using CuraDebt.
CuraDebt will provide you with a financial counselor and a support team to help you with the process of credit arbitration should you choose to join. Some financial advisors can help you with your debt-free journey.
Following your debt settlement program is completed, CuraDebt will be the company to take care of all your creditor’s calls. They will also be the ones that will negotiate what you will pay for your settlement depending on the condition of your finances. In determining which option is the most effectively for you, it can be a lump-sum settlement or an installment plan.
Furthermore they will also be working with the creditors to ensure that you get better rates when you make deposits to your savings account, which in turn, will process to pay back creditors. Their programs can assist you to get rid of debt in just two years.
After you’ve registered with them, they will provide you with access to your account information 24 hours a day. All you have to do is login to CuraDebts Client Portal to monitor your development.
Before you are able to avail their program, you’ll need to pass their requirements first. In order to be considered eligible for the program, you’ll have to meet the following criteria:
- 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?
Here are the different ways CuraDebt can assist you.
As their name suggests, CuraDebt can help you deal with your debt. They can negotiate settlements on behalf of you for all kinds of debt. These include medical bills, personal loans credit cards, and also lines of credit. They can also be approached to pay off any remaining amount on business debts, collections, or repossessions.
They may also assist in negotiating for back taxes as well as IRS debt. But, you won’t receive assistance for the majority cases, loans from the government or collateral, as well as utility bills. They also don’t cover most student loans.
On the other hand, they will help you use laws like those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They can also assist you in identifying creditor violations so that you can have cash settlements, should it be possible. Some violations can also lead to having your debts removed as well.
CuraDebt also allows you to settle debt with less than the sum you have. You can also inquire about your debt during their no-cost consultation with their debt counsellor.
The best part about their plan is that you will only be charged when your debt is paid off. All you have to do is sign up with some of their programs, and you’ll be able to pay off all your debts.
Tax Management and Relief
CuraDebt can also deal with the tax liabilities you have. After they have gathered all your financial documents They will also gather all the paperwork you’ll need for tax returns.
Through this program, you’ll be able to solve different types of taxes like wage garnishments and tax penalties, personal and business taxes and back taxes and trust fund penalties and tax liens.
There aren’t hidden fees also. They only offer flat-fee prices and is dependent on the amount you have to pay.
They offer different options when it comes to the settlement of taxes. Here are six of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What kind of debt can they help you with?
Although they specialize in debt settlement, it is not their forte but they aren’t able to offer all kinds in debt resolution. CuraDebt only focuses on unsecured debt. They won’t be able to help you if the debt or loan is tied to an actual item.
If, however, you are in the following types of debt, they’ll arrange settlements for you.
With CuraDebt it is expected that you will be able to settle your past-due tax debts without any issues. Furthermore, this service is accessible to all 50 states if you have a debt in arrears to IRS. There are tax experts from the federal government who can assist you in resolving these kinds of problems.
CuraDebt can also assist in settling your medical debt. In some cases, you may even pay them for less than what you owe.
Private Student Loan
CuraDebt does not offer federal student loans. However, they can assist private students with negotiating the student loans they owe.
Personal loans and payday loans also qualify to be eligible for debt relief programs. You may also be eligible if you have other unsecured credit lines that you have obtained from an alternative financial institution or bank.
Credit Card Debt
Whether you have debt with store credit cards as well as traditional credit cards and private-label credit cards CuraDebt can assist you in paying it off.
How much will it cost?
The best part about CuraDebt is the way they’ve priced their services. They don’t charge an upfront fee. The only time you pay is when you settle each of your debts.
Also, they don’t have high-cost fees as well. On average, you’ll be required to pay up to 20 percent of the debt that you settled with them.
In the average, this kind of business can cost anywhere between 15 and 25 percentage.
Moreover, clients can expect to settle their debt from two to four years. However, this also varies depending on the amount that you can save up per month.
Additionally, they claim that you could save as much as 30% by incorporating their charges into your calculation.
But this claim will also differ based on your specific situation. Some customers have even talked about saving between 50% and up to 80%.
Advantages to using CuraDebt
Now that you have an idea of what CuraDebt can offer you let’s look into the advantages from using CuraDebt.
In the beginning, CuraDebt only charges you once you’ve paid off your debt. In addition, they only charge an amount of 20%, while most companies charge you 25 percent.
Then, if you’re done by the program for debt relief, you can enroll in their credit restoration program.
It’s a fantastic option to rebuild your credit score without having to go back into debt. However, the program runs different for every person according to your personal situation.
In the end, CureDebt looks into your debt so that they can help with settlements and negotiations. So, your debt won’t increase over time. They’ll also be looking into any violations by creditors with the assistance of their in-house experts.
Some disadvantages to using CuraDebt
Let’s also look into some of the negatives of CuraDebt.
Settlement of debt and debt relief often require you to stop making payments using the credit card you use. Therefore, if you’re trying improve your standing on credit scores, you might cause you to delay getting rid of your credit card debt.
CureDebt doesn’t even have a mobile app available. While they do have a website that clients can access however, it appears aged and simple. It’s not particularly user-friendly, and can be challenging to navigate.
Furthermore, they are not accredited with their Better Business Bureau although they did receive an A+ grade.
The Final Verdict
CuraDebt is a good program that lets you settle your debt without spending more for these types of services. Moreover the 20% service fee is lower than many firms that charge a 25% fee. There are no upfront payments and you’ll only be required to pay once the debt is paid off.
Although they’ll give you an account so that you can track your progress but their website isn’t simple to navigate. CuraDebt also doesn’t have an app, which could make it easier for you to monitor your performance.
However, they have a great support team, and you can reach them not just via email but also by phone or submitting an electronic ticket. How Do The Tax Relief Companies Work
If debt is a big problem right now, we highly recommend CuraDebt’s program. Make sure you’re qualified and that the services they offer are available in your area.
FAQ How Do The Tax Relief Companies Work
How long will it take to complete the program?
The program typically takes 24 to 48 months, depending on the amount of your debt as well as the stipulated settlement.
Can CuraDebt aid with state tax problems?
Yes, CuraDebt provides tax relief programs to aid you in dealing with problems like delinquent tax and garnishments of wages.
What should I do after joining the program?
You’ll have to keep in constant contact with the team and make the necessary payments to pay down your debt over time.