Are you experiencing debt that has increased lately? Are you burnt out from trying other financial advice and tips but haven’t solved your problems?
Perhaps you’re here because you’ve already tried everything.
In most cases, the best way is to approach professionals that can help you resolve the issue.
CuraDebt is one of the companies that get the most inquiries. Many people are asking if they can help you or put you into more debt.
According to their clients they can help you manage 80% of your debt so that you are able to take couple of w
orries off your shoulders.
But for some people the claims seem too good to be true.
If you’re looking for any solution that could help you resolve your debt. If that’s the situation, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep look at the way CuraDebt is used and the problems it can help you solve.
In addition, prior to our conclusion, we’ll also look into the advantages and disadvantages of this method.
Before starting the review, check out this video instead in case you would prefer 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 overview. After, you will want to read the rest of our article for a more comprehensive review.
About the Company How To Provide Relief To Taxpayers From Property Tax
CuraDebt is a debt relief company from Hollywood, Florida. It was founded in 2000 and has been an active participant in the American Fair Credit Council, the US Chamber of Commerce, and accredited by the International Association of Professional Debt Arbitrators.
Although the service is accredited, certain states have imposed restrictions on their services.
What CuraDebt do?
Helping you pay off your debt is the most popular feature. However, they also offer other services that will assist you in becoming financially secure.
It all begins by requesting a free savings estimate on the internet. The service is completely confidential and they will not conduct a credit inquiry. With this estimate of savings, you will be able to learn more about the other options in your journey to be debt-free.
The savings estimate, as mentioned before, gives you an idea of your options regardless of whether or not you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial advisor as well as a support team to assist you with credit arbitration in the event that you decide to sign up. Financial advisors may be able to assist you with your debt-free journey.
Following the debt settlement program is completed, CuraDebt can be the one to answer all of the calls from your creditors. They will also be the ones who will determine what you will pay for your settlement depending on the condition of your financial situation. Based on what works most effectively to you, this can be a lump-sum settlement or a payment plan.
Additionally they will also work with creditors to ensure that you have better rates as you deposit money to your savings account, which in turn, will process to pay back creditors. The plans they offer can help you pay off the debt in two years.
After you’ve registered with them, they will give you access to your account information 24 hours a day. All you need to do is login to CuraDebts’ client portal to monitor your progress.
Before you are able to avail the program, you’ll have to meet their eligibility requirements first. In order to be considered eligible for the program, you’ll have to meet the following requirements:
- 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 various ways CuraDebt can aid you.
Like their name implies, CuraDebt will assist you in dealing your debt. They can negotiate settlements on your behalf to settle most types of debt. They can help with personal loans, medical bills, credit cards as well as lines of credit. You can also approach them to help settle any remaining balance on business debt, collections, or repossessions.
They may even assist you in negotiating on tax owed and IRS debt. However, you will not receive support for most claims, government loans as well as collateral and utility bills. The same goes for student loans.
On the other hand, they will assist you with laws like those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify the violations of creditors in order to get cash settlements, if possible. Certain violations may result in having your debts dismissed as well.
CuraDebt lets you pay off debts with less than the amount you have. They also allow you to ask questions during their free consultation with their debt advisor.
The most appealing aspect of their plan is that you only be charged once your debt is settled. All you need to sign up for any of the plans, and you’ll be able settle each of your debts.
Tax Management and Relief
CuraDebt can also help you with the tax liabilities you have. Once they collect all of your financial documents They will also gather all the necessary paperwork for tax returns.
By using this program, you’ll be able to resolve various tax issues such as garnishments on wages as well as tax penalties for personal and taxation for business and back taxes as well as trust fund penalties and tax lien.
There aren’t any hidden costs neither are there hidden fees. They use only flat-fee pricing and is dependent on the amount that you’ll need to settle.
They offer different options when it comes to paying off taxes. Here are 6 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, they don’t provide all kinds of debt settlement. CuraDebt only focuses on unsecured debt. They aren’t able to help you if the credit or loan is tied to an actual 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 to settle tax debts that were due to be paid without any problems. Additionally, 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 help resolve your medical debt. In some cases, you may even pay them for less than what you owe.
Private Student Loan
CuraDebt doesn’t cater to federal student loans. However, they can assist private students with negotiating any loans they owe.
Personal and payday loans also qualify to be eligible for debt relief programs. It is also possible to avail the program of the program if you also have other unsecured credit lines you obtained from a different bank or financial institution.
Credit Card Debt
Whether you have debt with store credit cards or traditional credit cards or private label credit cards CuraDebt can assist you in paying it off.
What will it cost you?
The most appealing aspect of CuraDebt’s pricing is how they’ve priced their service. They don’t charge an upfront fee. You’ll only pay once you have paid off all of your debts.
Also, they do not charge high fees as well. In the average, you’ll need to pay up to 20% of the debt you settled with them.
In general, this type of industry can charge anywhere between 15% and 25%.
Moreover, clients can expect to pay off their debts in 2 to 4 years. But, it also differs according to the amount you save per month.
Additionally, they claim that you can save as much as 30% when you factor in their fees in your equation.
But this claim will also differ based on your situation. Some clients even mentioned saving between 50% and 80%.
Benefits of using CuraDebt
Once you’ve got an understanding of what CuraDebt offers, Let’s take a look at the benefits of using CuraDebt.
First, CuraDebt only charges you after you’ve settled your debt. Furthermore they only charge a 20% fee while many companies charge 25%.
If you’re finished with the debt settlement program, you may enroll in their credit repair program.
It’s an excellent option to rebuild your credit without going in debt again. The program is however designed differently for each person, depending on your situation.
Finally, CureDebt looks into your credit to assist with settlements and negotiations. So, your debt won’t inflate over time. They’ll also look into any violations by creditors with the assistance of their experts in-house.
The drawbacks of using CuraDebt
Let’s also look into some of the disadvantages of CuraDebt.
Settlement of debt and debt relief usually require that you stop making payments using the credit card you use. If you’re trying to increase your credit score, it could set you back while you’re finishing your credit card debt.
CureDebt doesn’t even offer a mobile application. While they do have a website that clients can access but it’s aged and simple. It’s not very intuitive, and it can be challenging to navigate.
Moreover, they are still not credited with the Better Business Bureau although they received an A+ grade.
The Final Verdict
CuraDebt is a good program that lets you resolve your debt without having to spend more for these types of services. Additionally the 20% service cost is cheaper than most firms that charge the 25% cost. There aren’t any upfront fees, and you will only have to pay the fee when the debt is settled.
Although they’ll allow you to access an account so that you can track your progress, their website is not easy to navigate. CuraDebt does not have an app yet, which will make it easier to track your progress.
But, they do have a competent support staff and can be reached them not only through emails but by phone or by submitting an e-ticket. How To Provide Relief To Taxpayers From Property Tax
If the debt is a big problem, then we recommend CuraDebt’s service. Just make sure that you’re eligible and that the programs that they provide are offered in your area.
FAQ How To Provide Relief To Taxpayers From Property Tax
How long does it take to complete the program?
The average program is 24 to 48 months, depending on the amount of your debt as well as the stipulated settlement.
Can CuraDebt help in the fight against state tax issues?
Yes, CuraDebt offers a program for tax relief that will assist you with issues such as late payroll tax issues and garnishments of wages.
What should I do when I’m enrolled in the program?
You’ll have to keep in constant contact with the team and pay the required payments to pay down your debt over time.