Are you experiencing debt that has increased lately? Are you burnt out from trying different financial tips and advice but haven’t solved your problems?
Perhaps you’re here because you’ve been through every thing.
In most cases, the best way is to approach experts who can help you resolve the issue.
CuraDebt is one of the most asked companies. A lot of customers have asked if they can assist you or put you in more debt.
According to their customers, they can help you manage 80percent of your debts so that you can finally take a couple of worries off your shoulders.
For some they believe these claims are too good to be true.
You might be looking for something that will help you resolve your debt. In that scenario, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep look at how CuraDebt works and what problems it can help you solve.
Furthermore, before we conclude, we’ll also look into its advantages and drawbacks.
Before beginning the review, you can check out this video instead if you 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 review. After, you’ll want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company How Much Tax Relief On Canceled Debt In 2021?
CuraDebt is a debt relief company from Hollywood, Florida. It was founded in 2000 and has since become an active part of the American Fair Credit Council, the US Chamber of Commerce, and accredited through the International Association of Professional Debt Arbitrators.
Although it is accredited, some states have limited their access to their services.
What CuraDebt do?
Helping you settle your debt is the most popular feature. They also provide other services that will aid you in becoming more financially secure.
It all begins by requesting a free savings estimate on the internet. It is a completely private service and won’t be conducting a credit screening. With this estimate of savings, you will discover more about alternatives to debt-free.
The savings estimate, as we’ve mentioned before, gives you the opportunity to consider your choices regardless of whether you’re planning on using CuraDebt.
CuraDebt will assign you a financial advisor and a team of support to assist you with credit arbitration in the event that you decide to sign up. Certain financial advisors can assist you on your path to debt-free living.
After your debt settlement program is completed, CuraDebt will be the one to handle all of your creditor’s calls. They will also be the ones that negotiate conditions of the repayment based on the status of your finances. Depending on which works most effectively your situation, the payment can be either a lump sum settlement or the option of a payment plan.
Additionally they will be working with the lenders to help you get better rates when you transfer money into your savings account. This in turn, will process to pay off the creditors. Their programs can assist you to pay off the debt in 48 months.
After you’ve signed up with them, they’ll give you access to your information 24/7. All you need to do is login to CuraDebts the client portal to monitor your performance.
Before you are able to avail their program, you’ll need to meet their eligibility requirements first. In order to be considered eligible for the program, you’ll need to meet the following criteria:
- Minimum 21 years old
- Have a verifiable income
- You must have a minimum balance of $5,000
What can they help you with?
Here are the different ways CuraDebt can help you.
Like their name implies, CuraDebt will assist you in dealing with debt. They are able to negotiate settlements on your behalf to settle all kinds of debt. This includes medical bills, personal loans credit cards, and also loans. They can also be approached to settle any outstanding balance of business debt and collections or repossessions.
They may even assist you in negotiating on tax owed and IRS debt. However, you won’t get assistance with the majority claims, government loans, collateral, and utility bills. The same goes for student loans.
On the contrary, they’ll 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 creditor violations to ensure that you receive cash settlements, should it be possible. Certain violations may lead to having your debts dismissed as well.
CuraDebt also allows you to settle debt with less than the amount you have. You can also ask questions during their free consult with their debt counselor.
The greatest benefit of their program is that you’ll only be charged when your debt is paid off. All you need to sign up to any of the plans and you’ll have the ability to resolve all of your debts.
Tax Management and Relief
CuraDebt will also handle taxes. Once they collect all of your financial documents They will also gather all the necessary paperwork to file tax returns.
With this program, you should be able to deal with the various types of tax problems such as garnishments on wages, tax penalties, personal and corporate taxes as well as back taxes, trust fund penalties, and tax liens.
There aren’t any hidden charges either. They use only flat-fee pricing and is dependent on the amount you have to pay.
They offer different options for the settlement of the tax debt. 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 are they able to help with?
Although debt settlement is their specialty, they don’t offer all kinds of settlement. CuraDebt only focuses on loans that are not secured. They aren’t 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 negotiate settlements on your behalf.
With CuraDebt the service, you’ll be able pay off tax debts that were due to be paid without difficulty. Furthermore, this service is available to all 50 states in the event that you owe money in arrears to IRS. They have federal tax experts who can assist you in resolving these types of issues.
CuraDebt can also assist in settling any medical-related debt. In some instances you could even settle them for less than what you owe.
Private Student Loan
CuraDebt doesn’t cater to Federal student loan. However, they can assist private students negotiate any student loans that they have to pay.
Payday loans and personal loans are also eligible to be eligible for debt relief programs. You can also avail the program if you have other unsecure credit lines you obtained from a different bank or financial institution.
Credit Card Debt
If you’re in debt using store credit cards, traditional credit cards, or private label credit cards, CuraDebt will help you pay it off.
What will it cost you?
The greatest thing about CuraDebt is the way they’ve priced their service. They don’t charge an upfront fee. Only pay when you’ve paid each of your outstanding debts.
Additionally, they don’t have high-cost charges either. On average, you’ll have to pay up to 20% of the debt you settled through them.
On average, this type of industry can charge anywhere between 15 and 25%.
Additionally, customers can anticipate to pay off their debts in 2 to 4 years. But, it also differs according to the amount you are able to save each month.
They also claim that you can save as much as 30% when you factor in their fees in your equation.
However, the claim may vary, depending on your specific situation. Some clients even mentioned saving 50% to up to 80%.
The benefits of using CuraDebt
Now that you have an understanding of what CuraDebt can offer you let’s look into the advantages from using CuraDebt.
First, CuraDebt is only charged once you’ve paid off your debt. Additionally they charge only 20% of the cost, whereas the majority of companies charge 25%.
Next, if you’re done by the program for debt relief, you can also sign up for their credit repair program.
It’s a fantastic option to rebuild your credit without going back into debt. The program is however designed different for every person dependent on the circumstances of your case.
Lastly, CureDebt looks into your financial obligations to assist with settlements and negotiations. It means that the amount you owe won’t rise over time. They’ll also be looking into any violations by creditors with the help of their own experts.
The drawbacks of using CuraDebt
We will also examine some of the disadvantages of CuraDebt.
Debt relief and debt settlements usually require that you stop paying with . If you’re trying to increase your rating on your credit, this might delay you from working on your credit card debt.
CureDebt does not offer a mobile application. Although they have a website that clients can access however, it appears aged and simple. It’s not very intuitive, and it can be difficult to navigate.
Furthermore, they are not recognized by an accreditation from the Better Business Bureau although they were awarded an A+ rating.
The Final Verdict
CuraDebt is a great program that allows you to resolve your debt without having to spend more on those types of services. Additionally, their 20% service fee is cheaper than most businesses that charge an additional 25% charge. There is no upfront payment and you’ll only have to pay the fee when your debt is finally settled.
While they’ll provide you with an account so that you can track your progress however, their website isn’t user-friendly. CuraDebt does not have an app, which will make it easier to monitor your performance.
They do have a great support team that you can contact them not just via email but by phone or by submitting an e-ticket. How Much Tax Relief On Canceled Debt In 2021?
If the credit card is a major issue right now, we highly recommend CuraDebt’s program. Just make sure that you’re eligible and that the programs that they provide are offered in your state.
FAQ How Much Tax Relief On Canceled Debt In 2021?
What is the time frame to complete the course?
The program typically takes between 24 and 48 months depending on the amount of your debt as well as your agreed settlement.
Can CuraDebt assist in the fight against state tax issues?
Yes, CuraDebt has a tax relief program that can aid you in dealing with problems like delinquent tax and wage garnishments.
What’s the first thing I have to do once I’m in the program?
You’ll be required to communicate with the team and pay the required payments to lower the amount of debt you have over time.