Are you experiencing debt that has been piling up lately? Are you tired of trying various financial advice and strategies but still have unsolved issues?
Maybe you’re here because been through everything.
In the majority of cases, your most effective approach is to talk to professionals that can help to resolve this issue.
CuraDebt is among the most asked companies. Many customers have asked if they can assist you or help you get into more debt.
According to their clients, they can help you manage the majority of your debt so that you are able to take couple of things off your mind.
For some, these claims are just too good to be true.
You might be looking for any solution that could help you resolve your debt. In this scenario, CuraDebt will mostly be recommended by people. We’ll take a deeper look at how CuraDebt is used and the problems it could help solve.
Moreover, before we end our discussion, we’ll take a look at its advantages and drawbacks.
Before beginning the review, you can check out this video instead in case you would prefer watching it.
Otherwise, let’s begin.
Before you go on, you may want to check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick overview. After, you’ll want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company Income Tax Deficiency Relief
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was established in 2000 and has been a part of the American Fair Credit Council, the US Chamber of Commerce, and has been accredited with the International Association of Professional Debt Arbitrators.
While it is accredited, certain states have imposed restrictions on their services.
What CuraDebt do?
Assistance in settling your debt is CuraDebt’s most well-known feature. But they offer additional services to aid you in becoming more financially stable.
It all begins with requesting a free savings estimate online. It is a completely private service and won’t be conducting a credit screening. With this savings estimate, you will learn more about your other options in your journey towards debt-free.
Savings estimates, as we’ve mentioned previously, offers you an insight into your choices, regardless of whether you’re planning on using CuraDebt.
CuraDebt will provide you with a financial counselor and a team of support to assist you with credit arbitration in the event that you decide to enroll. Financial advisors may be able to assist you in your debt-free journey.
Following the debt settlement program is completed, CuraDebt is the company to handle all of your creditor’s calls. They will also be the ones who will determine the terms of your repayment depending on the condition of your finances. Based on what works most effectively your situation, the payment can be either a lump sum settlement or the option of a payment plan.
Moreover, they will work with creditors so that you can enjoy better rates when you deposit money to your savings account, which in turn, will process to pay off the creditors. Their plans can help you get rid of debt in just two years.
Once you’ve signed up with them, they’ll give you access to your information 24/7. All you have to do is login to CuraDebts’ client portal so that you can monitor your progress.
Before you are able to avail the program, you’ll have to satisfy their criteria first. In order to be considered eligible for the program, you’ll have to be:
- At least 21 years old
- Earn a reliable income
- Minimum debt must be $5,000
What can they assist you with?
Here are the various ways CuraDebt can aid you.
As their name suggests, CuraDebt can assist you in dealing with debt. They can negotiate settlements on your behalf for the majority of types of debt. These include personal loans, medical bills credit cards as well as lines of credit. They can also be approached to settle any outstanding amount on business debts collection, repossessions, or collections.
They may even assist you in negotiating on tax owed as well as IRS debt. But, you won’t receive assistance for the majority claims, loans from the government, collateral, and utility bills. The same goes for student loans.
On the other hand, they will assist you in navigating laws such as that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify the violations of creditors so that you can have cash settlements, should it be possible. Some violations can also result in having your debts also dismissed.
CuraDebt can also help you settle debt with less than the sum you have. Additionally, you can ask questions during their free consultation with their debt counsellor.
The most appealing aspect of their program is that you will only have to pay for the charges once your debt is settled. All you need to do is sign up with one of their plans and you’ll have the ability to pay off all your debts.
Tax Management and Relief
CuraDebt can also deal with taxes. Once they’ve gathered all your financial documentation and tax documents, they’ll also collect all the necessary paperwork for tax returns.
With this program, you’ll be able to solve various tax issues such as garnishments on wages as well as tax penalties for personal and taxation for business as well as back taxes and trust fund penalties and tax lien.
There aren’t hidden fees also. They use only flat-fee pricing, which depends on the amount you must settle.
There are a variety of options for the settlement of taxes. 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 are they able to help with?
Although they specialize in debt settlement, it is not their specialty however, they do not offer all kinds of debt settlement. CuraDebt only focuses on debt that is not secured. They can’t assist you if your credit or loan is tied to an actual item.
If you do have the following types of debt, they’ll arrange settlements for you.
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 owe money in arrears to IRS. There are federal tax experts to assist you with the issues.
CuraDebt will also help you resolve any medical-related debt. In some instances you could even settle them for less than what you have to pay.
Private Student Loan
CuraDebt does not cater to federal student loans. They can however assist private students in negotiating any student loans that they are owed.
Personal loans and payday loans are also eligible for the debt settlement program. You may also be eligible the program if you have other unsecure credit lines you obtained from a different financial institution or bank.
Credit Card Debt
If you’re in debt using store credit cards, traditional credit cards, or private label credit cards CuraDebt can help you pay it off.
What is the cost?
The best part about CuraDebt is how the company has priced its services. They don’t charge upfront fees. Only pay when you’ve paid each of your debts.
Additionally, they do not charge high charges either. On average, you’ll have to pay between 20 and 20 percent of the debt you settled with them.
In general, this type of industry charges between 15 and 25%.
Additionally, customers can anticipate to pay off their debts in between 2 and 4 years. This varies depending on the amount that you can save up per month.
Also, they claim that you could save as much as 30% when you factor in their fees in your equation.
However, the claim may depend on your situation. Some clients even mentioned saving between 50% and 80%.
The benefits of using CuraDebt
Now that you have an understanding of the benefits CuraDebt offers, let’s explore the benefits that come with using CuraDebt.
First, CuraDebt only charges you when you’ve paid off your debt. Furthermore they only charge a 20% fee while many companies charge 25%.
If you’re finished by the program for debt relief you can join their credit repair program.
It’s an excellent way to restore your credit without having to go back into debt. However, the program runs differently for each person, depending on your situation.
In the end, CureDebt looks into your financial obligations to assist with settlements and negotiations. It means that the amount you owe won’t rise as time passes. They’ll also look into any violations by creditors using their experts in-house.
Drawbacks of using CuraDebt
We will also examine some of the drawbacks of CuraDebt.
Debt relief and debt settlements typically require you to stop making payments using your credit card. So if you’re trying to build a better standing on credit scores, you might cause you to delay getting rid of your debt.
CureDebt doesn’t even offer a mobile application. Although they have a client website but it’s aged and simple. It’s not very user-friendly, and can be challenging to navigate.
Furthermore, they are not accredited with an accreditation from the Better Business Bureau although they received an A+ grade.
The Final Verdict
CuraDebt is a useful program that lets you resolve your debt without having to spend more on these kinds of services. Additionally the 20% service cost is less expensive than the majority of companies that offer an additional 25% charge. There is no upfront payment, 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 however, their website isn’t easy to navigate. CuraDebt also doesn’t have an app, which could make it easier for you to look at your performance.
But, they do have a competent support staff and can be reached them not just via email but by phone or by sending an e-ticket. Income Tax Deficiency Relief
If your debt is a big problem right now, we strongly recommend CuraDebt’s debt management program. Make sure you’re qualified and that the services they offer are available in your area.
FAQ Income Tax Deficiency Relief
What is the time frame to complete the course?
The typical program lasts from between 24 and 48 months depending on the amount of your debt and the agreed settlement.
Can CuraDebt aid with tax problems in the state?
Yes, CuraDebt provides tax relief programs that can aid you in dealing with problems such as late payroll tax and garnishments of wages.
What’s the first thing I have to do when I’m enrolled in the program?
You’ll need to constantly communicate with your team members and pay the required payments to reduce your debt over time.