Are you experiencing debt that has increased lately? Are you tired of trying different financial advice and strategies but still have unsolved issues?
Maybe you’re here because tried everything.
In the majority of cases, the best way is to approach experts who can help you resolve the issue.
CuraDebt is among the companies that get the most inquiries. A lot of people have been inquiring whether they are able to help or help you get into more debt.
According to their clients they can assist you in managing 80% of your debt so that you can take couple of w
orries off your plate.
But for some people the claims seem too good to be true.
Suppose you’re on the lookout for any solution that could help you resolve your debt. In this scenario, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep review of how CuraDebt operates and what issues it can solve for you.
Furthermore, before we conclude we’ll look at the advantages and disadvantages of this method.
Before starting the review, check out this video instead for a more relaxing way to watch it.
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.
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CuraDebt is a company that provides debt relief 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 with the International Association of Professional Debt Arbitrators.
Although the service is accredited, certain states have restricted their services.
What CuraDebt do?
Helping you settle your debt is one of CuraDebt’s best known feature. But they offer other services that will aid you in becoming more financially secure.
The process starts by requesting a no-cost savings estimate online. It is a completely private service, and they won’t be doing a credit check. With this savings estimate you’ll learn more about your options to be debt-free.
Savings estimates, as mentioned earlier, provides you with an insight into your choices regardless of whether or not you’re planning to continue using CuraDebt.
CuraDebt will provide you with a financial counselor as well as a support team to assist you with credit arbitration if you decide to enroll. Certain financial advisors can assist you on your path to debt-free living.
Following the debt settlement plan, CuraDebt can be the one to take care of all your creditors’ calls. They’ll also be the ones that will determine conditions of the settlement based on the status of your financial situation. Based on what works most effectively to you, this could either be a lump sum settlement or an installment plan.
Moreover they will be working with creditors so that you can get better rates when you make deposits to your savings account. This in turn, will be processed to pay off the creditors. Their plans can help you settle the debt within the period of 48 months.
After you’ve signed up with them, they will provide you with access to your account information 24 hours a day. All you need to do is sign in to CuraDebts the client portal to track your progress.
Before you can benefit from the program, you’ll have to pass their requirements first. In order to be considered eligible for the program, you’ll have to meet the following criteria:
- Minimum 21 years old
- Earn a reliable income
- Minimum debt must be $5,000
What are they able to assist you?
Here are the various ways CuraDebt can help you.
As their name suggests, CuraDebt can help you deal with debt. They are able to negotiate settlements on your behalf to settle the majority of types of debt. They can help with personal loans, medical bills, credit cards and also line of credit. They can also be approached to pay off any remaining balance on business debt and collections or repossessions.
They can even help negotiate on tax owed and IRS debt. But, you won’t receive assistance with the majority claims, government loans or collateral, as well as utility bills. The same goes for student loans.
On the other hand, they can assist you with laws like the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They can also assist you in identifying creditor violations in order to get cash settlements, if possible. Certain violations may lead to having your debts removed as well.
CuraDebt can also help you settle debt with less than the amount you own. Additionally, you can have questions answered during a free meeting with their debt advisor.
The most appealing aspect of the program is that you only pay the fees when your debt is paid off. All you have to sign up for some of their programs, and you’ll be able to pay off all your debts.
Tax Management and Relief
CuraDebt will also handle taxes. After they have gathered all your financial documentation, they will also collect all the paperwork you’ll need for tax returns.
By using this program, you’ll be able to deal with the various types of tax problems like wage garnishments, tax penalties, personal and business taxes, back taxes as well as trust fund penalties and tax lien.
There aren’t any hidden charges neither are there hidden fees. They only offer flat-fee prices that is based on the amount that you’ll have to pay.
They offer different options in the settlement of the tax debt. Here are 6 of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What types 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 is only focused on unsecured debt. They aren’t able to help you if the loan or debt is linked to a physical item.
If, however, you are in one of the following kinds of debt, they will arrange settlements for you.
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 in the event that you owe money to the IRS. They have federal tax experts to assist you with the issues.
CuraDebt will also help you resolve any medical-related debt. In some cases you could even settle the debt for less than you have to pay.
Private Student Loan
CuraDebt does not cater to Federal student loan. Still, they can help private students with negotiating the student loans they are owed.
Personal and payday loans also qualify as debt-settling programs. You may also be eligible of the program if you also have other unsecured credit lines that you got from an alternative bank or financial institution.
Credit Card Debt
If you are in debt through store credit cards as well as traditional credit cards as well as private label credit card CuraDebt will help you pay it off.
How much will it cost?
The greatest thing about CuraDebt is how the company has priced its services. They don’t charge an upfront fee. You’ll only pay once you have paid off all of your outstanding debts.
They also do not charge high charges either. In the average, you’ll need to pay up to 20 percent of the debt that you settled through them.
In general, this type of industry can charge anywhere from 15% to 25 percentage.
In addition, customers can expect to settle their debt from 2 to 4 years. This varies depending on the amount that you can save up per month.
They also claim you can save up to 30% by incorporating their charges into your calculation.
However, this statement will vary, depending on the situation. Some customers even claimed to save between 50% and 80percent.
Advantages to using CuraDebt
Once you’ve got a clearer picture of the benefits CuraDebt can offer you let’s explore the benefits from using CuraDebt.
First, CuraDebt will only charge you once you’ve paid off your debt. Additionally they charge only an amount of 20%, while most companies charge you 25 percent.
Next, if you’re done in the process of debt resolution, you can join their credit repair program.
It’s a great option to rebuild the credit rating without going into debt again. However, the program runs differently for each person 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 as time passes. They’ll also look into any violations by creditors with the help of their in-house experts.
The drawbacks of the use of CuraDebt
Let’s also consider some of the negatives of CuraDebt.
Debt relief and debt settlements typically require you to cease making payments with your credit card. Therefore, if you’re trying improve your credit score, it might cause you to delay finishing your credit card debt.
CureDebt doesn’t even have a mobile app. While they do have a website that clients can access, it looks aged and simple. It’s not very intuitive and could be difficult to navigate.
Moreover, they are still not accredited with their Better Business Bureau although they were awarded an A+ rating.
The Final Verdict
CuraDebt is a good program that allows you to resolve your debt without having to spend more on those types of services. In addition, their 20% service fee is lower than many companies that offer the 25% cost. There are no upfront payments, and you will only have to pay when the debt is paid off.
While they’ll provide you with an account so that you can track your progress, their website is not simple to navigate. CuraDebt also doesn’t have an app that would make it easier to track your performance.
But, they do have a good support team and can be reached them not only through emails but by phone or by making an electronic ticket. I Received A Nys Property Tax Relief Check In 2018 Do I Count It In My 2021 Taxes
If your credit card is a major issue right now, we recommend CuraDebt’s service. Make sure you’re eligible and that the services they provide are in your state.
FAQ I Received A Nys Property Tax Relief Check In 2018 Do I Count It In My 2021 Taxes
How long will it take to complete the course?
The program typically takes between 24 and 48 months depending on the amount of your debt as well as the agreement on the settlement.
Can CuraDebt assist with tax problems in the state?
Sure, CuraDebt has a tax relief program that will help you with problems such as late payroll tax issues and wage garnishments.
What do I need to do once I’m in the program?
You’ll have to keep in constant contact with your team members and pay the required payments to reduce your debt over time.