Have your debts increased lately? Are you tired of trying different financial advice and strategies but you’re still struggling with unsolved problems?
Perhaps you’re here because you’ve already tried everything.
In the majority of cases, the most effective approach is to talk to experts who can assist you resolve the issue.
CuraDebt is one of the most frequently contacted companies. Many people are asking if they are able to help or help you get into more debt.
According to their customers, they can help you control 80% of your debt so that you are able to take few things off of your plate.
But for some people the claims seem too good to be true.
You might be looking for any solution that could assist you in paying off your debt. In this case, CuraDebt will mostly be suggested by people. We’ll be taking a deep study of the way CuraDebt works and what problems it can solve for you.
In addition, prior to our conclusion we’ll look at its advantages and drawbacks.
Before you begin the review, you can go to this video in case you would prefer watching 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 will want to read the rest of the article for a more comprehensive review.
About the Company How To Avoid Taxes On Rental Income
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000, and is a part of the American Fair Credit Council, the US Chamber of Commerce, and is accredited with the International Association of Professional Debt Arbitrators.
Although the service is accredited, some states have limited their access to their services.
What CuraDebt do?
Assistance in settling your debt is the most known feature. However, they also offer other services that will aid you in becoming more financially stable.
First of all, it begins by requesting a free savings estimate on the internet. This service is very confidential, and they won’t be doing a credit check. By using this estimate of savings you’ll be able to be able to learn more about the options to debt-free.
The savings estimate, as mentioned previously, offers you an insight into your options regardless of whether 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 sign up. Certain financial advisors can assist you with your debt-free journey.
After your debt settlement program is completed, CuraDebt can be the one to answer all of your creditor’s calls. They will also be the ones who determine what you will pay for your settlement in accordance with the state of your finances. Depending on which works best for you, it can be either a lump sum settlement or a payment plan.
Additionally they will also be working with the lenders to help you get better rates when you deposit money to your savings account. This, in turn, will process to pay the creditors. The plans they offer can help you pay off the debt in 48 months.
Once you’ve signed up with them, they’ll allow you access to your information 24/7. All you have to do is sign in to CuraDebts Client Portal so that you can monitor your progress.
Before you are able to avail their program, you’ll need to satisfy their criteria first. In order to be considered eligible for the program, you’ll have to be:
- Minimum 21 years old
- Have a verifiable income
- Minimum debt must be $5,000
What are they able to assist you with?
Here are some of the ways CuraDebt can aid you.
As their name suggests, CuraDebt will assist you in dealing your debt. They can negotiate settlements on your behalf for the majority of types of debt. This includes personal loans, medical bills, credit cards and line of credit. They can also be approached to settle any outstanding balance on business debt, collections, or repossessions.
They can even help negotiate with back taxes and IRS debt. But, you won’t receive support for most cases, government loans or collateral, as well as utility bills. The same goes for 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 debtors who are in violation to ensure that you receive cash settlements, if they are possible. Certain violations may lead to having your debts also dismissed.
CuraDebt also allows you to settle debt with less than the amount you have. Additionally, you can inquire about your debt during their no-cost consultation with their debt counselor.
The most appealing aspect of their plan is that you only be charged after your debt has been settled. All you have to do is sign up with one of their plans and you’ll have the ability to settle each of your debts.
Tax Management and Relief
CuraDebt can also help you with the tax liabilities you have. Once they’ve gathered all your financial documentation and tax documents, they’ll also collect all the documents you’ll require for tax returns.
With this program, you will be able to deal with different types of taxes such as wage garnishments, tax penalties, personal and business taxes as well as back taxes and trust fund penalties and tax lien.
There aren’t any hidden charges either. They use only flat-fee pricing and is dependent on the amount you must settle.
They have different solutions when it comes to settling 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 kinds of debts can they assist you with?
Although they specialize in debt settlement, it is not their forte however, they do not cater to all types in debt resolution. CuraDebt only focuses on debt that is not secured. They aren’t able to help you if your credit or loan is tied to an item that is physical.
If, however, you are in one of the following kinds of debt, they will negotiate settlements on your behalf.
With CuraDebt the service, you’ll be able pay off taxes that are due without difficulty. Additionally, this service is accessible across all 50 states, if you have a debt towards the IRS. There are tax experts from the federal government who can assist you in resolving these types of issues.
CuraDebt can also assist in settling your medical debt. In some instances you could even settle them for less than what you are owed.
Private Student Loan
CuraDebt does not cater to federal student loans. Still, they can help private students in negotiating any student loans that they have to pay.
Payday loans and personal 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 that you have obtained from a different 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 assist you in paying it off.
How much will it cost?
The greatest thing about CuraDebt’s pricing is how the company has priced its services. They don’t charge upfront fees. Only pay when you’ve paid each of your debts.
Also, they do not charge high charges either. In the average, you’ll need to pay between 20 and 20% of the debt you settled with them.
In the average, this kind of industry charges from 15% to 25 percentage.
Additionally, customers can anticipate to pay off their debts in between 2 and 4 years. But, it also differs depending on the amount that you can save up per month.
They also claim you can save as much as 30% if you include their costs into your calculations.
However, the claim may differ based on the situation. Some customers even claimed to save 50 to 80%.
Advantages to using CuraDebt
Once you’ve got an understanding of what CuraDebt can provide, let’s explore the benefits from using CuraDebt.
In the beginning, CuraDebt will only charge you when you’ve paid off your debt. In addition they only charge a 20% fee while many companies charge 25%.
Then, if you’re done by the program for debt relief you may enroll in their credit restoration program.
It’s an excellent method to improve your credit without going back into debt. The program is however designed differently for each person according to your personal situation.
Lastly, CureDebt looks into your credit to help with settlements and negotiations. So, your debt won’t increase as time passes. They’ll also investigate any creditor violations with the assistance of their in-house experts.
Drawbacks of using CuraDebt
We will also examine some of the negatives of CuraDebt.
Debt settlement and debt relief often require you to cease making payments with . If you’re trying to build a better credit score, it might cause you to delay working on your debt.
CureDebt also doesn’t have a mobile app. While they do have a website for clients but it’s outdated and basic. It’s not particularly intuitive, and it can be difficult to navigate.
In addition, they’re not recognized by their Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a useful program that will allow you to settle your debt without spending more for these types of services. Moreover, their 20% service charge is lower than many businesses that charge an additional 25% charge. There aren’t any upfront fees and you’ll only have to pay when the debt is paid off.
Although they’ll allow you to access an account so that you can track your progress however, their website isn’t user-friendly. CuraDebt also doesn’t have an app that would make it easier to look at your progress.
However, they have a great support team, and you can reach them not only through emails but by phone or by making an e-ticket. How To Avoid Taxes On Rental Income
If your debt is a big problem, then we highly recommend CuraDebt’s program. Just make sure that you’re qualified and that the services that they provide are offered in your state.
FAQ How To Avoid Taxes On Rental Income
How long does it take to finish the program?
The program typically takes between 24 and 48 months depending on the amount of your debt as well as your agreed settlement.
Can CuraDebt help in the fight against state tax issues?
Yes, CuraDebt provides tax relief programs to aid you in dealing with problems such as delinquent payroll tax and wage garnishments.
What’s the first thing I have to do when I’m enrolled in the program?
You’ll be required to communicate with the team and make the necessary payments to pay down the amount of debt you have over time.