Are you experiencing debt that has increased lately? Are you burnt out from trying different financial advice and strategies but still have unsolved issues?
Perhaps you’re here because you’ve already tried everything.
In the majority of cases, your best option is to speak with professionals that 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 into more debt.
According to their clients, they can assist you in managing the majority of your debt , so you can finally take a couple of w
orries off your mind.
However, for certain people the claims seem too good to be true.
If you’re looking for something that will aid you in settling your debt. If that’s the scenario, CuraDebt will mostly be highly recommended by those. We’ll be taking an in-depth look at how CuraDebt works and what problems it could help solve.
Furthermore, before we conclude, we’ll also look into its advantages and drawbacks.
Before starting the review, you can check out this video instead for a more relaxing way 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 overview. Afterward, you’ll want to read the rest of our article for a more comprehensive review.
About the Company Inovative Tax Relief
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000 and has been an active part of the American Fair Credit Council, the US Chamber of Commerce, and accredited through the International Association of Professional Debt Arbitrators.
While it is accredited, some states have restricted their services.
What CuraDebt do?
Helping you pay off your debt is the most known feature. However, they also offer other services that will aid you in becoming more financially stable.
It all starts by requesting a no-cost online savings estimate. It is a completely private service and they will not be doing a credit check. With this estimate of savings you’ll be able to be able to learn more about the alternatives towards debt-free.
The savings estimate, as we’ve mentioned before, gives you an idea of your choices regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will provide you with a financial counselor as well as a support team to help you with credit arbitration in the event that you decide to sign up. Financial advisors may be able to assist you on your path to debt-free living.
After your debt settlement plan, CuraDebt will be the company to take care of all your creditor’s calls. They’ll be the ones who determine the terms of your settlement depending on the condition of your financial situation. Depending on which works most effectively for you, it could either be a lump sum settlement or a payment plan.
Moreover they will be working with lenders to help you get better rates when you transfer money into your savings account. This is then processed to pay off creditors. The plans they offer can help you pay off the debt in two years.
After you’ve registered with them, they will allow you access to your data 24/7. All you have to do is sign in to CuraDebts Client Portal so that you can monitor your performance.
Before you can benefit from their program, you’ll need to satisfy their criteria first. For eligibility, you’ll have to be:
- Minimum 21 years old
- Earn a reliable income
- Have a minimum debt of $5,000
What can they assist you?
Here are some of the ways CuraDebt can assist you.
Like their name implies, CuraDebt can assist you in dealing with your debt. They can negotiate settlements on your behalf for all kinds of debt. They can help with medical bills, personal loans credit cards, and also line of credit. You can also approach them to help settle any remaining balance of business debt and collections or repossessions.
They can even help negotiate for back taxes as well as IRS debt. However, you will not receive assistance for the majority claims, government loans or collateral, as well as utility bills. They also don’t cover most student loans.
On the other hand, they can 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 the violations of creditors to ensure that you receive cash settlements, if possible. Certain violations may result in having your debts also dismissed.
CuraDebt can also help you pay off debts with less than the amount you own. Additionally, you can have questions answered during a free consult with their debt counselor.
The most appealing aspect of their program is that you will only be charged after your debt has been settled. All you need to sign up for any of the plans and you’ll be able to resolve all of your debts.
Tax Management and Relief
CuraDebt can also deal with your tax debt. Once they collect all of your financial documents, they will also collect all the paperwork you’ll need for tax returns.
By using this program, you should be able to deal with the various types of tax problems such as garnishments on wages and tax penalties, personal and business taxes, back taxes and trust fund penalties and tax liens.
There aren’t any hidden costs either. They use only flat-fee pricing, which depends on the amount you need to settle.
They offer different options for paying off taxes. Here are 6 options:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What types of debt can they assist you with?
Although debt settlement is their specialization, they don’t provide all kinds of debt settlement. CuraDebt only focuses on loans that are not secured. They won’t be able to help you if your debt or loan is tied to an item that is physical.
If you do have the following types of debt, they will arrange settlements for you.
With CuraDebt it is expected that you will be able pay off your past-due tax debts without any issues. Moreover, this type of service is accessible to all 50 states in the event that you have a debt in arrears to IRS. There are tax experts from the federal government who can assist you in resolving the issues.
CuraDebt can also assist in settling the medical bills. In some instances you could even settle them for less than what you are owed.
Private Student Loan
CuraDebt does not offer Federal student loan. They can however assist private students in negotiating any student loans that they owe.
Payday loans and personal loans also qualify for the debt settlement program. 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 are in debt through store credit cards as well as 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 is how they’ve priced their service. They don’t charge an upfront fee. The only time you pay is when you settle each of your outstanding debts.
Additionally, they do not charge high charges either. On average, you’ll be required to pay as much as 20 percent of the debt that you settled with them.
In the average, this kind of industry charges between 15 and 25 percentage.
Additionally, customers can anticipate to settle their debts within 2 to 4 years. But, it also differs according to the amount you can save up per month.
They also claim that you can save as much as 30% by incorporating their charges into your calculation.
However, the claim may depend on your situation. Some clients even mentioned saving 50 to 80%.
The benefits of using CuraDebt
Once you’ve got a clearer picture of the benefits CuraDebt can offer you Let’s take a look at the benefits from using CuraDebt.
In the beginning, CuraDebt only charges you when you’ve paid off your debt. Additionally, they only charge an amount of 20%, while many companies charge 25%.
If you’re finished with the debt settlement program you can join their credit restoration 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 dependent on the circumstances of your case.
Lastly, CureDebt looks into your credit to assist in settlements and negotiations. This means the amount you owe won’t rise as time passes. They’ll also be looking into any creditor violations with the help of their in-house experts.
Some disadvantages to the use of CuraDebt
Let’s also look into some of the drawbacks of CuraDebt.
Debt relief and debt settlements usually require that you stop paying with the credit card you use. So if you’re trying to increase your rating on your credit, this may delay you from finishing your obligations.
CureDebt also doesn’t have a mobile app. While they have a website for clients, it looks old and mundane. It’s not particularly intuitive and could be difficult to navigate.
In addition, they’re not credited with the Better Business Bureau although they received an A+ grade.
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. Moreover the 20% service charge is cheaper than most companies that offer a 25% fee. There are no upfront payments, and you will only have to pay when the debt is paid off.
Although they’ll allow you to access an account that allows you to track your progress however, their website isn’t simple to navigate. CuraDebt isn’t even an app yet, which could make it easier for you to monitor your performance.
But, they do have a great support team, and you can reach them not only through emails but also by phone or sending an electronic ticket. Inovative Tax Relief
If problem of debt is an issue right now, we strongly recommend CuraDebt’s debt management program. Make sure you’re qualified and that the services they provide are in your area.
FAQ Inovative Tax Relief
How long will it take 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 has a tax relief program that can aid you in dealing with problems such as delinquent payroll taxes and garnishments on wages.
What should I do once I’m in the program?
You’ll be required to communicate with the team and pay the required payments to reduce your debt over time.