Have your debts been piling up lately? Are you burnt out from trying other financial advice and strategies but haven’t solved your problems?
Maybe you’re here because you’ve tried everything.
In most cases, the most effective approach is to talk to professionals that can help to resolve this issue.
CuraDebt is one of the most frequently contacted companies. A lot of people have been inquiring whether they can assist you or help you get into more debt.
According to their clients, they can help you manage 80% of your debt so that you can take couple of things off your mind.
For some they believe these claims are too good to be true.
Suppose you’re on the lookout for anything that can help you resolve your debt. In this scenario, CuraDebt will mostly be highly recommended by those. We’ll take a deeper review of the way CuraDebt operates and what issues it could help solve.
In addition, prior to our conclusion our discussion, we’ll take a look at its advantages and drawbacks.
Before beginning the review, watch this video instead if you prefer for it to be watched.
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 will want to read the rest of the article for a more comprehensive review.
About the Company Islamic Relief Usa Tax Deductible
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000 and has since become a part of the American Fair Credit Council, the US Chamber of Commerce, and accredited with the International Association of Professional Debt Arbitrators.
While it is accredited, certain states have restricted their services.
What CuraDebt do?
Helping you pay off your debt is CuraDebt’s most popular feature. However, they also offer other services that can assist you in becoming financially secure.
It all begins with requesting a free online savings estimate. It is a completely private service and they will not conduct a credit inquiry. With this savings estimate you’ll be able to discover more about options towards debt-free.
The savings estimate, as we’ve mentioned before, gives you an idea of your options regardless of whether you’re going to keep using CuraDebt.
CuraDebt will provide you with a financial counselor and a support team to assist you with credit arbitration in the event that you decide to enroll. Certain financial advisors can assist you in your debt-free journey.
Following the debt settlement plan, CuraDebt can be the agency to answer all of the calls from your creditors. They will be the ones who determine the terms of your payment based on the status of your financial situation. Depending on which works best to you, this can be either a lump sum settlement or an installment plan.
Additionally they will be working with creditors to ensure that you get better rates when you deposit money to your savings account. This in turn, will process to pay the creditors. Their plans can help you get rid of debt in just two years.
Once you’ve signed up with them, they will give you access to your account information 24 hours a day. All you have to do is log in 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. For eligibility, you’ll have to meet the following requirements:
- Minimum 21 years old
- Have a verifiable income
- Have a minimum debt of $5,000
What are they able to assist you with?
Here are some of the ways CuraDebt can aid you.
Like their name implies, CuraDebt can assist you in dealing with your debt. They are able to negotiate settlements on your behalf for the majority of types of debt. These include medical bills, personal loans credit cards, and also lines of credit. They can also be approached to pay off any remaining amount on business debts, collections, or repossessions.
They may also assist in negotiating with back taxes as well as IRS debt. However, you won’t get support for most claims, government loans or collateral, as well as utility bills. The same goes for student loans.
On the contrary, they’ll 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 debtors who are in violation to ensure that you receive cash settlements, if they are possible. Certain violations could lead to having your debts also dismissed.
CuraDebt lets you pay off debts with less than the sum you have. You can also ask questions during their free consult with their debt advisor.
The most appealing aspect of the program is that you’ll only pay the fees after your debt has been settled. All you need to do is sign up with any of the plans and you’ll be able pay off all your debts.
Tax Management and Relief
CuraDebt can also help you with your tax debt. Once they’ve gathered all your financial records and tax documents, they’ll also collect all the paperwork you’ll need to file tax returns.
With this program, you should be able to deal with the various types of tax problems like garnishments on wages and tax penalties, personal and corporate taxes, back taxes and trust fund penalties and tax liens.
There aren’t any hidden charges also. They only use flat-fee pricing that is based on the amount you’ll must settle.
They have different solutions for the settlement of your 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 are they able to help with?
While debt settlement is their forte, they don’t cater to all types of debt settlement. CuraDebt is only focused on unsecured debt. They won’t be able to help you if your loan or debt is linked to a physical item.
If you do have one of the following kinds of debt, they’ll arrange settlements for you.
With CuraDebt the service, you’ll be able to pay taxes that are due without any issues. Moreover, this type of service is accessible to all 50 states if you have a debt to the IRS. There are federal tax experts that can help you resolve these kinds of problems.
CuraDebt can also assist in settling any medical-related debt. In certain cases you might even be able to pay the debt for less than you owe.
Private Student Loan
CuraDebt does not cater to the federal government’s student loan. They can however assist private students in negotiating the student loans they are owed.
Personal loans and payday loans are also eligible to be eligible for debt relief programs. You may also be eligible of the program if you also have other unsecured credit lines you obtained from an alternative financial institution or bank.
Credit Card Debt
If you are in debt through store credit cards or traditional credit cards and private-label credit cards CuraDebt can help you pay it off.
What is the cost?
The best part about CuraDebt is the way the company has priced its services. They do not charge an upfront cost. The only time you pay is when you settle each of your outstanding debts.
Also, they do not charge high costs either. In the average, you’ll need to pay as much as 20 percent of the debt that you settled with them.
On average, this type of industry can charge anywhere between 15 and 25 percent.
Moreover, clients can expect to settle their debts within 2 to 4 years. This varies depending on the amount that you are able to save each month.
They also claim that you could save up to 30% if you include their fees in your equation.
But this claim will also depend on the situation. Some customers have even talked about saving 50% to up to 80%.
The benefits of using CuraDebt
Now that you have an idea of the benefits CuraDebt offers, let’s explore the benefits that come with using CuraDebt.
In the beginning, CuraDebt will only charge you when you’ve paid off your debt. In addition, they only charge 20% of the cost, whereas the majority of companies charge 25%.
Then, if you’re done with the debt settlement program, you could join their credit restoration program.
It’s a great option to rebuild your credit score without having to go in debt again. However, the program lasts different for every person according to your personal situation.
Lastly, CureDebt looks into your credit to assist in settlements and negotiations. It means that the amount you owe won’t rise as time passes. They’ll also investigate any violations by creditors using their own experts.
The drawbacks of using CuraDebt
We will also examine some of the drawbacks of CuraDebt.
Settlement of debt and debt relief usually require that you cease making payments with . Therefore, if you’re trying build a better rating on your credit, this may cause you to delay finishing your obligations.
CureDebt also doesn’t have a mobile app. Although they have a website that clients can access, it looks outdated and basic. It’s not very intuitive and could be difficult to navigate.
Moreover, they are still not recognized by an accreditation from the Better Business Bureau although they were awarded an A+ grade.
The Final Verdict
CuraDebt is a great program that allows you to pay off your debts without spending more for these types of services. Additionally their 20% service fee is cheaper than most companies that offer a 25% fee. 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 so that you can track your progress however, their website isn’t easy to navigate. CuraDebt also doesn’t have an app that would make it easier to monitor your progress. Islamic Relief Usa Tax Deductible
They do have a great support team that you can contact them not only through emails but also by phone or submitting an electronic ticket. Islamic Relief Usa Tax Deductible
If problem of debt is an issue right now, we recommend CuraDebt’s service. Be sure to be qualified and that the services they offer are available in your area.
FAQ Islamic Relief Usa Tax Deductible
How long will it take to complete the program?
The average program is 24 to 48 months, depending on the amount of your debt as well as the agreed settlement.
Can CuraDebt assist with tax problems in the state?
Sure, CuraDebt provides tax relief programs that can help you with problems like delinquent tax and garnishments of wages.
What should I do once I’m in the program?
You’ll need to constantly communicate with your team members and pay the required payments to pay down your debt over time.