Have your debts been increasing lately? Are you burnt out from trying various financial advice and tips but haven’t solved your problems?
Maybe you’re here because tried everything.
In the majority of cases, the most effective approach is to talk to professionals that can help you settle this issue.
CuraDebt is one of the most frequently contacted companies. A lot of customers have asked if they are able to help or put you in more debt.
According to their clients, they can assist you in managing 80percent of your debt , so you can finally take a few things off of your mind.
But for some people the claims seem too good to be true.
Suppose you’re on the lookout for anything that can assist you in paying off your debt. In that scenario, CuraDebt will mostly be recommended by people. We’ll take a deeper review of the way CuraDebt is used and the problems it can solve for you.
Furthermore, before we conclude our discussion, we’ll take a look at its advantages and drawbacks.
Before you begin the review, you can check out this video instead for a more relaxing way watching 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. After, you’ll want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company Irs Principal Primary Residence Tax Relief
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was established in 2000, and is a member of 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?
Assistance in settling your debt is CuraDebt’s most known feature. But they offer additional services to aid you in becoming more financially stable.
The process begins with requesting a free savings estimate on the internet. The service is completely confidential and they will not be conducting a credit screening. By using this estimate of savings you’ll be able to learn more about the alternatives to debt-free.
The savings estimate, as mentioned before, gives you 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 and a support team to assist you in navigating credit arbitration in the event that you decide to join. Some financial advisors can help you on your path to debt-free living.
After your debt settlement program, CuraDebt is the agency to take care of all your creditor’s calls. They will also be the ones who will determine what you will pay for your payment based on the status of your financial situation. In determining which option is the best for you, it can be either a lump sum settlement or a payment plan.
Additionally they will also work with creditors to ensure that you get better rates when you transfer money into your savings account. This, is then processed to pay back creditors. Their programs can assist you to settle the debt within 48 months.
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 so that you can monitor your performance.
Before you can avail of their program, you’ll need to satisfy their criteria first. In order to be considered eligible for the program, you’ll have to meet the following criteria:
- At least 21 years old
- Verifiable income
- Minimum debt must be $5,000
What are they able to assist you?
Here are the different ways CuraDebt can aid you.
The name of the company suggests that CuraDebt will assist you in dealing your debt. They can negotiate settlements on your behalf for the majority of types of debt. This includes medical bills, personal loans credit cards and also line of credit. They are also able to settle any outstanding balance of business debt and collections or repossessions.
They can even help negotiate on tax owed as well as IRS debt. However, you won’t get support for most of your lawsuits, government loans as well as collateral and utility bills. They also don’t cover most student loans.
On the other hand, they will assist you with laws like that of 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 they are possible. Certain violations could lead to having your debts removed as well.
CuraDebt also allows you to pay off debts with less than the sum you have. Additionally, you can inquire about your debt during their no-cost consultation with their debt advisor.
The best part about their program is that you will only pay the fees after your debt has been settled. All you have to do is sign up with any of the plans, and you’ll have the ability to settle each of your debts.
Tax Management and Relief
CuraDebt will also handle taxes. Once they collect all of your financial documents, they will also collect all the paperwork you’ll need for tax returns.
With this program, you should be able to solve different types of taxes such as wage garnishments and tax penalties, personal and corporate taxes as well as back taxes, trust fund penalties, and tax lien.
There aren’t any hidden costs neither are there hidden fees. They only use flat-fee pricing, which depends on the amount that you’ll need to settle.
They offer different options for settling the tax debt. Here are six of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What kinds of debts can they assist you with?
Although they specialize in debt settlement, it is not their specialization but they aren’t able to provide all kinds of settlement. CuraDebt only focuses on loans that are not secured. They won’t be able to assist you if your debt or loan is tied to an actual item.
If, however, you are in the following types of debt, they will make arrangements for settlements.
With CuraDebt, you should be able pay off taxes that are due without any problems. Furthermore, this service is accessible to all 50 states if you owe money to the IRS. There are federal tax experts that can help you resolve these kinds of problems.
CuraDebt can also help resolve the medical bills. In some cases you could even settle them less than the amount you are owed.
Private Student Loan
CuraDebt doesn’t cater to Federal student loan. However, they can assist private students with negotiating any student loans that they have to pay.
Personal loans and payday loans also qualify to be eligible for debt relief programs. You can also avail the program if you have other unsecure credit lines that you got from an alternative bank or financial institution.
Credit Card Debt
If you’re in debt using store credit cards or traditional credit cards and private-label credit cards CuraDebt will help you pay it off.
What is the cost?
The best part about CuraDebt is the way they’ve priced their services. They don’t charge upfront fees. Only pay when you settle each of your outstanding debts.
Also, they don’t have high-cost costs either. On average, you’ll have to pay between 20 and 20 percent of the debt that you settled with them.
In the average, this kind of business can cost anywhere from 15% to 25 percent.
Additionally, customers can anticipate to settle their debt from two to four years. But, it also differs depending on the amount that you are able to save each month.
They also claim you can save up to 30% if you include their charges into your calculation.
However, the claim may vary, depending on the situation. Some customers have even talked about saving 50% to up to 80%.
Advantages to using CuraDebt
Now that you have a clearer picture of the benefits CuraDebt offers, Let’s take a look at the benefits of using CuraDebt.
In the beginning, CuraDebt is only charged after you’ve settled your debt. Additionally they charge only 20% of the cost, whereas the majority of companies charge 25%.
Then, if you’re done with the debt settlement program you may enroll in their credit restoration program.
It’s an excellent way to restore the credit rating without having to go in debt again. However, the program runs in a different way for each individual dependent on the circumstances of your case.
Finally, CureDebt looks into your financial obligations to help with settlements and negotiations. This means the amount you owe won’t rise as time passes. They’ll also investigate any violations of creditor with the help of their own experts.
The drawbacks of using CuraDebt
We will also examine some of the negatives of CuraDebt.
Settlement of debt and debt relief typically require you to cease making payments with your credit card. Therefore, if you’re trying build a better standing on credit scores, you might set you back while you’re getting rid of your credit card debt.
CureDebt does not have a mobile app available. While they have a website for clients however, it appears old and mundane. It’s not very intuitive and could be challenging to navigate.
In addition, they’re not credited with their Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a useful program that allows you to settle your debt without spending more on those types of services. In addition the 20% service fee is less expensive than the majority of firms that charge a 25% fee. There aren’t any upfront fees and you’ll only have to pay when the debt is settled.
While they’ll provide you with an account so that you can track your progress however, their website isn’t easy to navigate. CuraDebt does not have an app yet, which will make it easier to look at your progress.
But, they do have a great support team and can be reached them not only through emails but by phone or by submitting an electronic ticket. Irs Principal Primary Residence Tax Relief
If problem of debt is an issue right now, we highly recommend CuraDebt’s program. Make sure you’re qualified and that the services they offer are available in your state.
FAQ Irs Principal Primary Residence Tax Relief
How long will it take to complete the program?
The program typically takes 24 to 48 months, depending on the amount of your debt and the stipulated settlement.
Can CuraDebt aid with tax problems in the state?
It is true that CuraDebt provides tax relief programs that will assist you with issues such as delinquent payroll tax issues and garnishments on wages.
What should I do after joining the program?
You’ll be required to communicate with the team and make the necessary payments to reduce your debt over time.