Have your debts been increasing lately? Are you tired of trying various financial advice and tips but you’re still struggling with unsolved problems?
Perhaps you’re here because you’ve been through every thing.
In the majority of cases, your best option is to speak with experts who can help you resolve the issue.
CuraDebt is one of the companies that get the most inquiries. Many customers have asked if they can assist you or put you into more debt.
According to their clients, they can help you control 80percent of your debt so that you can finally take a couple of worries off your plate.
However, for certain people they believe these claims are too good to be true.
Suppose you’re on the lookout for anything that can assist you in paying off your debt. If that’s the case, CuraDebt will mostly be highly recommended by those. We’ll take a deeper study of the way CuraDebt is used and the problems it can help you solve.
In addition, prior to our conclusion, we’ll also look into its advantages and drawbacks.
Before you begin the review, you can watch this video instead for a more relaxing way to watch 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 the article for a more comprehensive review of CuraDebt.
About the Company Maryland Higher Education Commission Student Loan Debt Relief Tax Credit
CuraDebt is a debt relief company from Hollywood, Florida. It was founded in 2000, and is an active participant in the American Fair Credit Council, the US Chamber of Commerce, and is accredited by the International Association of Professional Debt Arbitrators.
While it is accredited, some states have limited their access to their services.
What can CuraDebt do?
Helping you pay off your debt is the most well-known feature. However, they also offer other services that will help you be more financially stable.
First of all, it begins with requesting a free online savings estimate. The service is completely confidential and they will not be conducting a credit screening. With this savings estimate, you will be able to learn more about the alternatives towards debt-free.
This estimate of savings, as mentioned before, gives you an insight into your options, regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial counselor and a team of support to assist you with the process of credit arbitration should you choose to enroll. Certain financial advisors can assist you with your debt-free journey.
Following the debt settlement program, CuraDebt can be the agency to answer all of your creditor’s calls. They’ll also be the ones who negotiate conditions of the settlement in accordance with the state of your financial situation. Depending on which works best for you, it could be either a lump sum settlement or an installment plan.
Additionally, they will be working with the lenders to help you have better rates as you transfer money into your savings account. This in turn, will be processed to pay the creditors. The plans they offer can help you pay off the debt in two years.
After you’ve registered with them, they will give you access to your data 24/7. All you have to do is login to CuraDebts the client portal so that you can monitor your progress.
Before you can benefit from 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
- Earn a reliable income
- Minimum debt must be $5,000
What can they help you with?
Here are the different ways CuraDebt can assist you.
As their name suggests, CuraDebt can help you deal with debt. They can negotiate settlements on behalf of you for most types of debt. They can help with personal loans, medical bills credit cards as well as line of credit. They can also be approached to help settle any remaining amount on business debts collection, repossessions, or collections.
They may even assist you in negotiating for back taxes as well as IRS debt. However, you will not receive assistance with the majority claims, government loans, collateral, and utility bills. Also, they don’t cover the majority of student loans.
On the other hand, they will assist you with laws like 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 in order to get cash settlements, if they are possible. Certain violations may lead to having your debts dismissed as well.
CuraDebt can also help you pay off debts with less than the amount you own. You can also have questions answered during a free consultation with their debt counsellor.
The greatest benefit of the program is that you will only have to pay for the charges when your debt is paid off. All you have to do is sign up with any of the plans, and you’ll be able resolve all of your debts.
Tax Management and Relief
CuraDebt will also handle taxes. Once they collect all of your financial documentation They will also gather all the documents you’ll require for tax returns.
With this program, you will be able to deal with different types of taxes like garnishments on wages and tax penalties, personal and corporate taxes, back taxes and trust fund penalties and tax liens.
There aren’t hidden fees neither are there hidden fees. They only offer flat-fee prices and is dependent on the amount you’ll need to settle.
They offer different options when it comes to the settlement of the tax debt. Here are 6 of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What kind of debt can they help you with?
While debt settlement is their specialization but they aren’t able to offer all kinds of debt settlement. CuraDebt only focuses on loans that are not secured. They can’t help you if your loan or debt is linked to an actual item.
If, however, you are in the following kinds of debt, they’ll arrange settlements for you.
With CuraDebt, you should be able pay off tax debts that were due to be paid without any problems. Additionally, this service is offered across all 50 states, if you owe money towards the IRS. They have federal tax experts who can assist you in resolving these kinds of problems.
CuraDebt can also assist in settling any medical-related debt. In some cases you might even be able to pay the debt for less than you are owed.
Private Student Loan
CuraDebt does not cater to Federal student loan. They can however assist private students in negotiating the student loans they have to pay.
Payday loans and personal loans are also eligible as debt-settling programs. You may also be eligible if you have other unsecured credit lines that you got from another financial institution or bank.
Credit Card Debt
If you’re in debt using store credit cards as well as traditional credit cards and private-label credit cards CuraDebt will help you pay it off.
What is the cost?
The most appealing aspect of CuraDebt is the way the company has priced its services. They don’t charge an upfront fee. You’ll only pay once you’ve paid each of your debts.
Also, they do not charge high costs either. On average, you’ll be required to pay as much as 20% of the debt you settled through them.
In general, this type of business can cost anywhere from 15% to 25 percent.
Moreover, clients can expect to settle their debts within 2 to 4 years. But, it also differs according to the amount you are able to save each month.
Additionally, they claim that you can save up to 30% when you factor in their costs into your calculations.
However, this statement will 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 an understanding of the benefits CuraDebt can offer you Let’s take a look at the benefits from using CuraDebt.
First, CuraDebt only charges you when you’ve paid off your debt. Furthermore they only charge 20% of the cost, whereas most companies charge you 25 percent.
If you’re finished with the debt settlement program, you can join their credit restoration program.
It’s a great option to rebuild your credit score without having to go back into debt. However, the program runs in a different way for each individual, depending on your situation.
Finally, CureDebt looks into your credit to help with settlements and negotiations. This means your debt won’t inflate as time passes. They’ll also be looking into any violations by creditors with the assistance of their in-house experts.
The drawbacks of the use of CuraDebt
Let’s also consider some of the negatives of CuraDebt.
Settlement of debt and debt relief typically require you to cease making payments with your credit card. If you’re trying to improve your credit score, it may set you back while you’re working on your obligations.
CureDebt doesn’t even offer a mobile application. Although they have a website for clients, it looks outdated and basic. It’s not very intuitive, and it can be difficult to navigate.
Furthermore, they are not accredited with an accreditation from the Better Business Bureau although they were awarded an A+ grade.
The Final Verdict
CuraDebt is a good program that allows you to settle your debt without spending more on those types of services. In addition their 20% service charge is less expensive than the majority of businesses that charge the 25% cost. There are no upfront payments, and you will only be required to pay once the debt is paid off.
Although they’ll allow you to access an account so that you can track your progress but their website isn’t easy to navigate. CuraDebt does not have an app, which will make it easier to track your performance. Maryland Higher Education Commission Student Loan Debt Relief Tax Credit
However, they have a great support team, and you can reach them not only through emails but also by phone or submitting an electronic ticket. Maryland Higher Education Commission Student Loan Debt Relief Tax Credit
If your debt is a big problem, then we strongly recommend CuraDebt’s debt management program. Just make sure that you’re eligible and that the programs they offer are available in your state.
FAQ Maryland Higher Education Commission Student Loan Debt Relief Tax Credit
What is the time frame to finish the program?
The program typically takes 24 to 48 months, dependent on the size of your debt as well as your agreed settlement.
Can CuraDebt assist with state tax problems?
It is true that CuraDebt offers a program for tax relief that can assist you with issues such as delinquent payroll taxes and garnishments of wages.
What should I do when I’m enrolled in the program?
You’ll be required to communicate with your team members and make the necessary payments to pay down your debt over time.