Has your debt been piling up lately? Are you burnt out from trying different financial advice and strategies but still have unsolved issues?
Maybe you’re here because you’ve been through everything.
In the majority of cases, the best option is to speak with professionals that can help you settle this issue.
CuraDebt is among the companies that get the most inquiries. A lot of customers have asked if they can assist you or put you in more debt.
According to their customers, they can help you manage 80percent of your debt so that you can take few things off of your shoulders.
However, for certain people the claims seem too good to be true.
You might be looking for any solution that could aid you in settling your debt. In this scenario, CuraDebt will mostly be suggested by people. We’ll take a deeper review of how CuraDebt works and what problems it can help you solve.
Furthermore, before we conclude we’ll look at its advantages and drawbacks.
Before beginning the review, check out this video instead if you 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. Afterward, you’ll want to read the rest of our article for a more comprehensive review.
About the Company Is There Tax Relief On Pension Contributions
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000 and has since become a member of the American Fair Credit Council, the US Chamber of Commerce, and is accredited by the International Association of Professional Debt Arbitrators.
Although it is accredited, certain states have imposed restrictions on their services.
What CuraDebt do?
Helping you settle your debt is the most well-known feature. But they offer additional services to help you be more financially stable.
First of all, it begins with requesting a free savings estimate on the internet. This service is very confidential and won’t be conducting a credit screening. By using this estimate of savings you’ll be able to be able to learn more about the alternatives to debt-free.
This estimate of savings, as mentioned previously, offers you the opportunity to consider 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 assist you in navigating credit arbitration if you decide to join. Some financial advisors can help you in your debt-free journey.
Following your debt settlement program, CuraDebt can be the agency to handle all of your creditors’ calls. They will also be the ones that negotiate the terms of your repayment based on the status of your finances. Based on what works most effectively to you, this could be either a lump sum settlement or a payment plan.
Additionally, they will work with creditors so that you can get better rates when you deposit money to your savings account. This, in turn, will process to pay off the creditors. Their plans can help you settle the debt within the period of 48 months.
Once you’ve signed up with them, they’ll give you access to your information 24/7. All you need to do is log in to CuraDebts Client Portal to track your performance.
Before you can avail of the program, you’ll have to satisfy their criteria first. To be eligible, you’ll have to meet the following requirements:
- At least 21 years old
- Have a verifiable income
- You must have a minimum balance of $5,000
What can they help you with?
Here are some of the ways CuraDebt can assist you.
Like their name implies, CuraDebt can assist you in dealing with debt. They can negotiate settlements on your behalf for the majority of types of debt. They can help with personal loans, medical bills credit cards, and loans. They are also able to help settle any remaining balance of business debt, collections, or repossessions.
They may also assist in negotiating for back taxes as well as IRS debt. But, you won’t receive assistance for the majority of your lawsuits, government loans or collateral, as well as utility bills. Also, they don’t cover the majority of 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 in order to get cash settlements, if possible. Certain violations may result in having your debts also dismissed.
CuraDebt lets you pay off debts with less than the amount you own. They also allow you to inquire about your debt during their no-cost consultation with their debt counsellor.
The best part about the program is that you will only have to pay for the charges once your debt is settled. All you have to do is sign up with one of their plans, and you’ll be able to settle each of your debts.
Tax Management and Relief
CuraDebt can also deal with taxes. Once they collect all of your financial records, they will also collect all the documents you’ll require to file tax returns.
Through this program, you’ll be able to resolve various tax issues such as wage garnishments as well as tax penalties for personal and corporate taxes and back taxes and trust fund penalties and tax liens.
There aren’t any hidden costs either. They use only flat-fee pricing and is dependent on the amount that you’ll need to settle.
They have different solutions when it comes to settling 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 kinds of debts can they assist you with?
Although debt settlement is their specialty, they don’t provide all kinds in debt resolution. CuraDebt concentrates on loans that are not secured. They won’t be able to assist you if your debt or loan is tied to an item that is physical.
If you do have one of the following kinds of debt, they will make arrangements for settlements.
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 available across all 50 states, if you have a debt towards the IRS. They have federal tax experts to assist you with the issues.
CuraDebt can also assist in settling the medical bills. In some cases, you may even pay them less than the amount you are owed.
Private Student Loan
CuraDebt does not cater to the federal government’s student loan. Still, they can help private students negotiate the student loans they are owed.
Payday loans and personal loans are also eligible to be eligible for debt relief programs. You can also avail of the program if you also have other unsecured credit lines that you got from a different bank or financial institution.
Credit Card Debt
If you’re in debt using store credit cards, traditional credit cards, as well as private label credit card, CuraDebt will help you pay it off.
How much will it cost?
The most appealing aspect of CuraDebt is the way they’ve priced their services. They do not charge an upfront cost. Only pay when you’ve paid each of your 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.
On average, this type of industry charges from 15% to 25%.
Moreover, clients can expect to settle their debts within between 2 and 4 years. This varies according to the amount you save per month.
They also claim that you can save as much as 30% when you factor in their costs into your calculations.
However, the claim may depend on your specific situation. Some customers even claimed to save between 50% and up to 80%.
Benefits of using CuraDebt
Once you’ve got a clearer picture of what CuraDebt can offer you Let’s take a look at the benefits that come with using CuraDebt.
In the beginning, CuraDebt will only charge you once you’ve paid off your debt. Furthermore they only charge an amount of 20%, while the majority of companies charge 25%.
If you’re finished with the debt settlement program, you can join their credit restoration program.
It’s a great method to improve your credit score without going back into debt. However, the program runs differently for each person according to your personal situation.
Lastly, CureDebt looks into your credit to help with settlements and negotiations. This means your debt won’t increase over time. They’ll also be looking into any violations of creditor with the assistance of their experts in-house.
The drawbacks of using CuraDebt
Let’s also look into some of the negatives of CuraDebt.
Debt relief and debt settlements often require you to cease making payments with the credit card you use. If you’re trying to improve your rating on your credit, this could cause you to delay working on your debt.
CureDebt also doesn’t have a mobile app available. Although they have a website that clients can access however, it appears aged and simple. It’s not particularly user-friendly, and can be challenging 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. Additionally their 20% service fee is cheaper than most firms that charge an additional 25% charge. There are no upfront payments and you’ll only have to pay when your debt is finally settled.
Although they’ll allow you to access an account to see your progress but their website isn’t easy to navigate. CuraDebt also doesn’t have an app that could make it easier for you to monitor your progress.
But, they do have a competent support staff that you can contact them not only through emails but also via phone or submitting an electronic ticket. Is There Tax Relief On Pension Contributions
If the credit card is a major problem, then we recommend CuraDebt’s service. Make sure you’re eligible and that the services they offer are available in your area.
FAQ Is There Tax Relief On Pension Contributions
How long does it take to complete the program?
The typical program lasts from 24 to 48 months, depending on the amount of your debt as well as your agreed settlement.
Can CuraDebt assist in the fight against state tax issues?
It is true that CuraDebt provides tax relief programs that will help you with problems such as delinquent payroll tax and garnishments on wages.
What’s the first thing I have to do after joining the program?
You’ll be required to communicate with your team members and make the necessary payments to reduce your debt over time.