Has your debt been increasing lately? Are you exhausted from trying different financial advice and tips but still have unsolved issues?
Perhaps you’re here because you’ve been through every thing.
In the majority of cases, the best option is to speak with experts who can help you settle this issue.
CuraDebt is among the most frequently contacted companies. Many customers have asked if they can help you or help you get into more debt.
According to their clients they can help you manage 80percent of your debt so that you can take couple of things off your plate.
But for some people they believe these claims are too good to be true.
You might be looking for any solution that could aid you in settling your debt. If that’s the situation, CuraDebt will mostly be recommended by people. We’ll be taking a deep look at the way CuraDebt works and what problems it can solve for you.
Furthermore, before we conclude we’ll look at its benefits and drawbacks.
Before you begin the review, you can go to this video if you prefer 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 review. Afterward, you’ll want to read the rest of the article for a more comprehensive review.
About the Company Is There Any Tax Relief When An Ira Rollover Goes Over 60 Days
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was established in 2000, and is a participant in the American Fair Credit Council, the US Chamber of Commerce, and has been accredited with the International Association of Professional Debt Arbitrators.
Although the service is accredited, some states have restricted their services.
What CuraDebt do?
Assistance in settling your debt is the most well-known feature. They also provide other services that can help you be more financially secure.
The process starts by requesting a no-cost online savings estimate. The service is completely confidential, and they won’t conduct a credit inquiry. With this estimate of savings you’ll discover more about options to debt-free.
Savings estimates, as mentioned earlier, provides you with an idea of your choices, regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will provide you with a financial counselor and a team of support to assist you in navigating credit arbitration in the event that you decide to enroll. Certain financial advisors can assist you on your path to debt-free living.
After your debt settlement program is completed, CuraDebt can be the agency to handle all of your creditor’s calls. They will be the ones who determine conditions of the payment depending on the condition of your finances. Depending on which works most effectively for you, it can be a lump-sum settlement or an installment plan.
Additionally they will be working with the creditors to ensure that you get better rates when you make deposits to your savings account, which is then processed to pay the creditors. Their plans can help you pay off the debt in 48 months.
Once you’ve signed up with them, they’ll give you access to your data 24/7. All you have to do is log in to CuraDebts Client Portal so that you can monitor your development.
Before you are able to avail the program, you’ll have to meet their eligibility requirements first. To be eligible, you’ll need to meet the following criteria:
- At least 21 years old
- Have a verifiable income
- Minimum debt must be $5,000
What can they 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 most types of debt. These include personal loans, medical bills credit cards, and loans. They can also be approached to settle any outstanding balance of business debt collection, repossessions, or collections.
They may also assist in negotiating for back taxes and IRS debt. However, you will not receive assistance with the majority cases, government loans as well as collateral and utility bills. They also don’t cover most student loans.
On the contrary, they’ll help you use laws like the 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, if they are possible. Certain violations could result in having your debts also dismissed.
CuraDebt lets you repay debt for less than the amount you own. Additionally, you can ask questions during their free meeting with their debt counselor.
The most appealing aspect of their program is that you only be charged when your debt is paid off. All you have to sign up to some of their programs and you’ll have the ability to settle each of your debts.
Tax Management and Relief
CuraDebt can also deal with taxes. Once they’ve gathered all your financial documents and tax documents, they’ll also collect all the documents you’ll require to file tax returns.
By using this program, you’ll be able to solve various tax issues like garnishments on wages as well as tax penalties for personal and corporate taxes and back taxes and trust fund penalties and tax lien.
There aren’t any hidden costs neither are there hidden fees. They only use flat-fee pricing and is dependent on the amount that you’ll need to settle.
They have different solutions for the settlement of 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 are they able to help with?
Although they specialize in debt settlement, it is not their specialty but they aren’t able to provide all kinds of settlement. CuraDebt is only focused on unsecured debt. They aren’t able to help you if your loan or debt is linked to a physical item.
However, if you have the following kinds of debt, they’ll arrange settlements for you.
With CuraDebt it is expected that you will be able to settle tax debts that were due to be paid without any issues. Additionally, this service is available to all 50 states if you owe money in arrears to IRS. They have federal tax experts to assist you with these kinds of problems.
CuraDebt will also help you resolve the medical bills. In certain cases you might even be able to pay them less than the amount you owe.
Private Student Loan
CuraDebt does not offer federal student loans. Still, they can help private students in negotiating the student loans they are owed.
Payday loans and personal 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 a different bank or financial institution.
Credit Card Debt
Whether you have debt with store credit cards as well as traditional credit cards and private-label credit cards, CuraDebt will assist you in paying it off.
How much will it cost?
The most appealing aspect of CuraDebt is the way the company has priced its services. They do not charge an upfront cost. You’ll only pay once you have paid off all of your debts.
Also, they do not charge high fees as well. On average, you’ll be required to pay between 20 and 20 percent of the debt that you settled through them.
In general, this type of industry can charge anywhere between 15% and 25%.
Additionally, customers can anticipate to pay off their debts in 2 to 4 years. This varies in relation to the amount you are able to save each month.
Also, they claim that you can save up to 30% if you include their fees in your equation.
But this claim will also vary, depending on your situation. Some clients even mentioned saving 50% to 80percent.
The benefits of using CuraDebt
Once you’ve got a clearer picture of what CuraDebt offers, let’s explore the benefits from using CuraDebt.
In the beginning, CuraDebt only charges you once you’ve paid off your debt. Additionally they only charge a 20% fee while most companies charge you 25%.
If you’re finished with the debt settlement program you can enroll in their credit repair program.
It’s a great method to improve your credit score without having to go into debt again. The program is however designed different for every person, depending on your situation.
Lastly, CureDebt looks into your financial obligations to help with settlements and negotiations. So, your debt won’t inflate as time passes. They’ll also investigate any violations by creditors using their own experts.
Drawbacks of using CuraDebt
Let’s also look into some of the drawbacks of CuraDebt.
Debt relief and debt settlements often require you to stop making payments using your credit card. If you’re trying to increase your standing on credit scores, you may delay you from working on your debt.
CureDebt also doesn’t have a mobile app available. While they do have a website that clients can access but it’s old and mundane. It’s not particularly user-friendly, and can be difficult to navigate.
In addition, they’re not accredited with the Better Business Bureau although they were awarded an A+ rating.
The Final Verdict
CuraDebt is a great program that allows you to pay off your debts without spending more on those types of services. Moreover the 20% service cost is lower than many companies that offer a 25% fee. There aren’t any upfront fees, and you will only be required to pay once your debt is finally settled.
Although they’ll allow you to access an account to see your progress however, their website isn’t simple to navigate. CuraDebt also doesn’t have an app, which would make it easier to track your progress.
However, they have a great support team that you can contact them not only through emails but by phone or by submitting an electronic ticket. Is There Any Tax Relief When An Ira Rollover Goes Over 60 Days
If problem of debt is an problem, then we strongly recommend CuraDebt’s debt management program. Just make sure that you’re eligible and that the programs they provide are in your state.
FAQ Is There Any Tax Relief When An Ira Rollover Goes Over 60 Days
How long will it take to complete the program?
The program typically takes between 24 and 48 months dependent on the size of your debt as well as your stipulated settlement.
Can CuraDebt aid with state tax problems?
Yes, CuraDebt offers a program for tax relief that will aid you in dealing with problems such as delinquent payroll taxes and garnishments on 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 make the necessary payments to reduce your debt over time.