Has your debt increased lately? Are you burnt out from trying various financial advice and strategies but haven’t solved your problems?
Perhaps you’re here because you’ve been through every thing.
In most cases, the most effective approach is to talk to experts who can help you settle this issue.
CuraDebt is among the most asked companies. A lot of people have been inquiring whether they can help you or put you into more debt.
According to their clients they can help you control 80percent of your debt , so you can take few things off of your shoulders.
But for some people they believe these claims are too good to be true.
Suppose you’re on the lookout for something that will aid you in settling your debt. If that’s the case, CuraDebt will mostly be recommended by people. We’ll take a deeper study of how CuraDebt works and what problems it could help solve.
Moreover, before we end, we’ll also look into the advantages and disadvantages of this method.
Before you begin the review, check out this video instead if you prefer watching it.
Otherwise, let’s begin.
Before you go on, you may want to watch this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick overview. After, you’ll want to read the rest of our article for a more comprehensive review of CuraDebt.
About the Company Maryland Small Business Relief Tax Credit
CuraDebt is a debt relief company from Hollywood, Florida. It was established in 2000 and has been an active participant in 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 can CuraDebt do?
Helping you pay off your debt is one of CuraDebt’s best popular feature. They also provide other services that will assist you in becoming financially stable.
The process begins by requesting a free savings estimate online. This service is very confidential and won’t conduct a credit inquiry. By using this estimate of savings, you will be able to learn more about the alternatives towards debt-free.
This estimate of savings, as we’ve mentioned earlier, provides you with an insight into your options, regardless of whether you’re going to keep using CuraDebt.
CuraDebt will assign you a financial advisor and a team of support to assist you with credit arbitration in the event that you decide to sign up. Some financial advisors can help 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’ll also be the ones that negotiate the terms of your settlement in accordance with the state of your financial situation. In determining which option is the most effectively your situation, the payment could be either a lump sum settlement or an installment plan.
Additionally they will also be working with the creditors to ensure that you get better rates when you make deposits to your savings account. This is then processed to pay creditors. The plans they offer can help you pay off the debt in two years.
After you’ve signed up with them, they’ll provide you with access to your account information 24 hours a day. All you need to do is login to CuraDebts’ client portal to monitor your performance.
Before you are able to avail the program, you’ll have to meet their eligibility requirements first. In order to be considered eligible for the program, you’ll need to be:
- At least 21 years old
- 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 help you.
The name of the company suggests that CuraDebt will assist you in dealing with debt. They can negotiate settlements on your behalf for most types of debt. This includes personal loans, medical bills, credit cards as well as lines of credit. They are also able to help settle any remaining amount on business debts collection, repossessions, or collections.
They can even help negotiate on tax owed and IRS debt. However, you will not receive support for most of your lawsuits, loans from the government, collateral, and utility bills. They also don’t cover most student loans.
On the other hand, they can help you use laws like that of 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. Some violations can also lead to having your debts dismissed as well.
CuraDebt also allows you to settle debt with less than the amount you have. Additionally, you can inquire about your debt during their no-cost consultation with their debt advisor.
The greatest benefit of the program is that you’ll only pay the fees once your debt is settled. All you have to sign up to some of their programs and you’ll have the ability to resolve all of your debts.
Tax Management and Relief
CuraDebt can also deal with your tax debt. Once they collect all of your financial documentation, they will also collect all the paperwork you’ll need for tax returns.
Through this program, you will be able to deal with different types of taxes such as garnishments on wages as well as tax penalties for personal and taxation for business as well as back taxes as well as trust fund penalties and tax liens.
There aren’t any hidden costs also. They use only flat-fee pricing and is dependent on the amount that you’ll have to pay.
They offer different options in paying off 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?
Although debt settlement is their specialization however, they do not provide all kinds in debt resolution. CuraDebt only focuses on unsecured debt. They won’t be able to help you if your debt or loan is tied to an item that is physical.
However, if you have the following kinds of debt, they will 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 problems. Additionally, this service is accessible to all 50 states in the event that you have a debt in arrears to IRS. They have federal tax experts who can assist you in resolving these types of issues.
CuraDebt can also assist in settling any medical-related debt. In some cases you could even settle the debt for less than you owe.
Private Student Loan
CuraDebt does not cater to Federal student loan. Still, they can help private students with negotiating any loans they are owed.
Personal and payday loans also qualify as debt-settling programs. You may also be eligible if you have other unsecured credit lines you obtained from another bank or financial institution.
Credit Card Debt
If you are in debt through store credit cards or traditional credit cards as well as private label credit card CuraDebt will help you pay it off.
What is the cost?
The most appealing aspect of CuraDebt is how they’ve priced their services. They don’t charge upfront fees. You’ll only pay once you’ve paid each of your outstanding debts.
They also do not charge high fees as well. On average, you’ll be required to pay between 20 and 20 percent of the debt you settled with them.
In the average, this kind of industry charges from 15% to 25 percent.
Moreover, clients can expect to pay off their debts in 2 to 4 years. However, this also varies according to the amount you save per month.
They also claim you can save up to 30% if you include their fees in your equation.
However, this statement will differ based on your situation. Some customers have even talked about saving 50 to 80percent.
Advantages to using CuraDebt
Now that you have an idea of what CuraDebt offers, let’s look into the advantages from using CuraDebt.
The first is that CuraDebt only charges you after you’ve settled your debt. Additionally, they only charge an amount of 20%, while most companies charge you 25%.
Then, if you’re done by the program for debt relief, you could also sign up for their credit repair program.
It’s an excellent way to restore the credit rating without going back into debt. However, the program runs in a different way for each individual dependent on the circumstances of your case.
Finally, CureDebt looks into your debt so that they can assist in settlements and negotiations. It means that the amount you owe won’t rise over time. They’ll also investigate any violations of creditor using their own experts.
Drawbacks of the use of CuraDebt
We will also examine some of the disadvantages of CuraDebt.
Settlement of debt and debt relief often require you to stop paying with . So if you’re trying to improve your rating on your credit, this could set you back while you’re finishing your credit card debt.
CureDebt also doesn’t offer a mobile application. While they do have a website for clients but it’s outdated and basic. It’s not very intuitive and could be challenging to navigate.
Furthermore, they are not recognized by an accreditation from the Better Business Bureau although they were awarded an A+ rating.
The Final Verdict
CuraDebt is a useful program that will allow you to pay off your debts without spending more on those types of services. Moreover the 20% service cost is less expensive than the majority of businesses that charge the 25% cost. There is no upfront payment, and you will only have to pay when the debt is paid off.
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 isn’t even an app, which could make it easier for you to monitor your performance. Maryland Small Business Relief Tax Credit
They do have a good support team that you can contact them, not only via emails but by phone or by making an e-ticket. Maryland Small Business Relief Tax Credit
If the credit card is a major problem, then we strongly recommend CuraDebt’s debt management program. Be sure to be eligible and that the services that they provide are offered in your state.
FAQ Maryland Small Business Relief Tax Credit
How long does it take to complete the course?
The program typically takes between 24 and 48 months dependent on the size of your debt as well as your agreement on the settlement.
Can CuraDebt aid with tax problems in the state?
It is true that CuraDebt has a tax relief program to assist you with issues such as delinquent payroll taxes and wage garnishments.
What do I need to do once I’m 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.