Have your debts been piling up lately? Are you burnt out from trying other financial advice and strategies but haven’t solved your problems?
Perhaps 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 among the most frequently contacted companies. Many customers have asked if they can help you or put you in more debt.
According to their clients, they can help you control 80percent of your debt , so you can finally take a few things off of your shoulders.
However, for certain people they believe these claims are too good to be true.
If you’re looking for any solution that could help you resolve your debt. In that situation, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep review of how CuraDebt is used and the problems it can help you solve.
Moreover, before we end, we’ll also look into its benefits and drawbacks.
Before beginning the review, you can go to this video if you prefer watching it.
Otherwise, let’s begin.
Before you continue, you may want to watch 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 of CuraDebt.
About the Company Licensed Tax Relief Cincinnati
CuraDebt is a debt relief company from Hollywood, Florida. It was established in 2000 and has been an active member of the American Fair Credit Council, the US Chamber of Commerce, and is accredited with the International Association of Professional Debt Arbitrators.
Although the service is accredited, certain states have restricted their services.
What can CuraDebt do?
Helping you pay off your debt is CuraDebt’s most popular feature. However, they also offer other services that can aid you in becoming more financially secure.
First of all, it begins by requesting a free savings estimate online. This service is very confidential and they will not be doing a credit check. By using this estimate of savings, you will be able to learn more about the options to be debt-free.
Savings estimates, as mentioned earlier, provides you with the opportunity to consider your options, regardless of whether you’re planning on using CuraDebt.
CuraDebt will provide you with a financial counselor and a team of support to help you with credit arbitration if you decide to enroll. Certain financial advisors can assist you with your debt-free journey.
Following the debt settlement program is completed, CuraDebt will be the agency to handle all of your creditor’s calls. They will be the ones who determine the terms of your payment based on the status of your finances. Depending on which works best to you, this can be either a lump sum settlement or an installment plan.
Moreover, they will work with lenders to help you have better rates as you deposit money to your savings account. This, in turn, will process to pay back the creditors. Their programs can assist you to pay off the debt in 48 months.
After you’ve signed up with them, they’ll allow you access to your information 24/7. All you have to do is log in to CuraDebts Client Portal to track your progress.
Before you are able to avail their program, you’ll need to meet their eligibility requirements first. To be eligible, you’ll have to meet the following requirements:
- Minimum 21 years old
- Verifiable income
- You must have a minimum balance of $5,000
What can they assist you?
Here are the different ways CuraDebt can assist you.
Like their name implies, CuraDebt will assist you in dealing with debt. They are able to negotiate settlements on your behalf for the majority of types of debt. This includes personal loans, medical bills credit cards and also line of credit. They are also able to settle any outstanding amount on business debts and collections or repossessions.
They may even assist you in negotiating on tax owed as well as IRS debt. However, you will not receive assistance with the majority of your lawsuits, government loans or collateral, as well as utility bills. They also don’t cover most student loans.
On the other hand, they will assist you with 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 they are possible. Certain violations may cause your debt to be dismissed as well.
CuraDebt lets you repay debt for less than the sum you have. You can also ask questions during their free meeting with their debt counsellor.
The best part about the program is that you’ll only have to pay for the charges once your debt is settled. All you need to do is sign up with one of their plans and you’ll be able resolve all of your debts.
Tax Management and Relief
CuraDebt can also help you with taxes. After they have gathered all your financial documents, they will also collect all the paperwork you’ll need for tax returns.
With this program, you’ll be able to deal with the various types of tax problems such as garnishments on wages as well as tax penalties for personal and business taxes and back taxes, trust fund penalties, and tax liens.
There aren’t any hidden charges either. They only offer flat-fee prices that is based on the amount you have to pay.
There are a variety of options 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 kind of debt are they able to help with?
Although debt settlement is their forte however, they do not offer all kinds in debt resolution. CuraDebt is only focused on loans that are not secured. They won’t be able to help you if your credit or loan is tied to an actual item.
If, however, you are in one of the following kinds of debt, they will make arrangements for settlements.
With CuraDebt, you should be able to settle tax debts that were due to be paid without any issues. Furthermore, this service is accessible across all 50 states, if you owe money to the IRS. There are tax experts from the federal government who can assist you in resolving these kinds of problems.
CuraDebt can also assist in settling your medical debt. In some instances you could even settle the debt for less than you are owed.
Private Student Loan
CuraDebt does not offer the federal government’s student loan. However, they can assist private students with negotiating any student loans that they owe.
Personal and payday loans are also eligible as debt-settling programs. You can also avail the program if you have other unsecure credit lines you obtained from another 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 will it cost you?
The greatest thing about CuraDebt’s pricing is how they’ve priced their service. They don’t charge an upfront fee. You’ll only pay once you settle each of your debts.
They also don’t have high-cost fees as well. On average, you’ll have to pay between 20 and 20% of the debt you settled through them.
In general, this type of business can cost anywhere between 15% and 25 percentage.
Additionally, customers can anticipate to settle their debt from between 2 and 4 years. But, it also differs in relation to the amount you can save up per month.
They also claim that you could save as much as 30% if you include their charges into your calculation.
But this claim will also depend on your specific situation. Some customers even claimed to save 50% to up to 80%.
The benefits of using CuraDebt
Now that you have an understanding of the benefits CuraDebt can provide, let’s look into the advantages from using CuraDebt.
The first is that CuraDebt only charges you once you’ve paid off your debt. Additionally, they only charge a 20% fee while many companies charge 25 percent.
Next, if you’re done by the program for debt relief you could join their credit restoration program.
It’s a fantastic option to rebuild your credit score without going in debt again. The program is however designed differently for each person, depending on your situation.
Finally, CureDebt looks into your credit to assist with settlements and negotiations. It means that your debt won’t inflate as time passes. They’ll also be looking into any creditor violations using their experts in-house.
Drawbacks of using CuraDebt
Let’s also consider some of the negatives of CuraDebt.
Debt settlement and debt relief often require you to cease making payments with the credit card you use. Therefore, if you’re trying increase your credit score, it may delay you from getting rid of your debt.
CureDebt does not have a mobile app. Although they have a website for clients however, it appears outdated and basic. It’s not particularly intuitive and could be difficult to navigate.
Furthermore, they are not accredited with the Better Business Bureau although they received an A+ grade.
The Final Verdict
CuraDebt is a good program that allows you to pay off your debts without spending more for these types of services. In addition their 20% service fee is cheaper than most businesses that charge an additional 25% charge. There is no upfront payment, and you will only be required to pay once your debt is finally settled.
Although they’ll allow you to access an account so that you can track your progress, their website is not easy to navigate. CuraDebt does not have an app that could make it easier for you to look at your progress.
But, they do have a good support team and can be reached them, not only via emails but also via phone or submitting an electronic ticket. Licensed Tax Relief Cincinnati
If credit card is a major issue right now, we strongly recommend CuraDebt’s debt management program. Make sure you’re eligible and that the services they provide are in your state.
FAQ Licensed Tax Relief Cincinnati
What is the time frame to finish the program?
The average program is between 24 and 48 months depending on the amount of your debt as well as your agreement on the settlement.
Can CuraDebt aid with state tax problems?
It is true that CuraDebt has a tax relief program to aid you in dealing with problems such as late payroll tax and wage garnishments.
What’s the first thing I have to do once I’m in the program?
You’ll be required to communicate with your team members and make the necessary payments to lower your debt over time.