Have your debts been increasing lately? Are you burnt out from trying different financial tips and advice but haven’t solved your problems?
Maybe you’re here because you’ve tried every thing.
In most cases, the most effective approach is to talk to experts who can help you resolve the issue.
CuraDebt is one of the most frequently contacted companies. A lot of people have been inquiring whether they can assist you or put you into more debt.
According to their clients they can help you control the majority of your debt so that you can take couple of things off your mind.
For some the claims seem too good to be true.
If you’re looking for any solution that could assist you in paying off your debt. If that’s the scenario, CuraDebt will mostly be suggested by people. We’ll be taking a deep review of how CuraDebt works and what problems it can solve for you.
In addition, prior to our conclusion, we’ll also look into the advantages and disadvantages of this method.
Before you begin the review, watch this video instead in case you would prefer for it to be watched.
Otherwise, let’s begin.
Before you continue, you may want to check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick overview. Afterward, you will want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company Massachusetts Sales Tax Relief Act
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000 and has since become a participant in the American Fair Credit Council, the US Chamber of Commerce, and has been 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 one of CuraDebt’s best well-known feature. However, they also offer other services that can help you be more financially stable.
The process begins with requesting a free savings estimate online. This service is very confidential and won’t conduct a credit inquiry. With this savings estimate, you will discover more about alternatives towards debt-free.
This estimate of savings, as mentioned before, gives you an insight into your options regardless of whether or not you’re planning to continue using CuraDebt.
CuraDebt will provide you with a financial counselor and a team of support to assist you in navigating the process of credit arbitration should you choose to enroll. Some financial advisors can help you on your path to debt-free living.
Following the debt settlement plan, CuraDebt will be the company to answer all of the calls from your creditors. They will also be the ones that will negotiate the terms of your settlement in accordance with the state of your financial situation. Depending on which works most effectively for you, it could be a lump-sum settlement or an installment plan.
Furthermore, they will work with creditors to ensure that you enjoy better rates when you deposit money to your savings account. This in turn, will be processed to pay off creditors. Their plans can help you get rid of debt in just the period of 48 months.
Once you’ve signed up with them, they’ll allow you access to your information 24/7. All you have to do is login to CuraDebts Client Portal so that you can monitor your progress.
Before you can avail of the program, you’ll have to meet their eligibility requirements first. In order to be considered eligible for the program, you’ll need to meet the following criteria:
- Minimum 21 years old
- Have a verifiable income
- Minimum debt must be $5,000
What can they help you with?
Here are some of the ways CuraDebt can assist you.
Like their name implies, CuraDebt can help you deal with your debt. They can negotiate settlements on your behalf to settle all kinds of debt. They can help with personal loans, medical bills credit cards as well as line of credit. You can also approach them to help settle any remaining amount on business debts collection, repossessions, or collections.
They may even assist you in negotiating with back taxes and IRS debt. However, you won’t get support for most cases, government loans or collateral, as well as utility bills. They also don’t cover most student loans.
On the other hand, they can help you use laws like 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 in order to get cash settlements, if they are possible. Some violations can also lead to having your debts removed as well.
CuraDebt also allows you to settle debt with less than the sum you have. Additionally, you can inquire about your debt during their no-cost meeting with their debt counselor.
The most appealing aspect of the program is that you will only be charged after your debt has been settled. All you need to sign up to one of their plans, and you’ll have the ability to resolve all of your debts.
Tax Management and Relief
CuraDebt can also help you with the tax liabilities you have. Once they collect all of your financial documents They will also gather all the documents you’ll require for tax returns.
Through this program, you will be able to resolve various tax issues such as wage garnishments, tax penalties, personal and business taxes as well as back taxes, trust fund penalties, and tax lien.
There aren’t hidden fees also. They use only flat-fee pricing, which depends on the amount you’ll need to settle.
They offer different options in 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 kinds of debts are they able to help with?
Although debt settlement is their specialty, they don’t cater to all types in debt resolution. CuraDebt is only focused on loans that are not secured. They won’t be able to help you if your loan or debt is linked to an item that is physical.
If you do have one of the following kinds of debt, they will negotiate settlements on your behalf.
With CuraDebt it is expected that you will be able to settle tax debts that were due to be paid without difficulty. Furthermore, this service is offered to all 50 states if you owe money in arrears to IRS. There are federal tax experts to assist you with these kinds of problems.
CuraDebt can also help resolve any medical-related debt. In some instances you could even settle the debt for less than you are owed.
Private Student Loan
CuraDebt does not offer Federal student loan. They can however assist private students negotiate any loans they are owed.
Personal loans and payday loans are also eligible as debt-settling programs. You may also be eligible the program if you have other unsecure credit lines you obtained from another financial institution or bank.
Credit Card Debt
If you’re in debt using store credit cards as well as traditional credit cards as well as private label credit card CuraDebt can assist you in paying it off.
What is the cost?
The best part about CuraDebt’s pricing is how the company has priced its services. They don’t charge an upfront fee. Only pay when you settle each of your debts.
They also do not charge high charges either. In the average, you’ll need to pay up to 20% of the debt you settled through them.
On average, this type of industry can charge anywhere between 15 and 25%.
Moreover, clients can expect to settle their debt from 2 to 4 years. This varies according to the amount you can save up per month.
Also, they claim that you could save as much as 30% by incorporating their costs into your calculations.
But this claim will also differ based on your situation. Some clients even mentioned saving 50% to up to 80%.
Advantages to using CuraDebt
Now that you have a clearer picture of what CuraDebt can offer you let’s look into the advantages from using CuraDebt.
The first is that CuraDebt only charges you after you’ve settled your debt. In addition they only charge 20% of the cost, whereas many companies charge 25%.
Then, if you’re done in the process of debt resolution, you can enroll in their credit repair program.
It’s a fantastic way to restore your credit score without going into debt again. The program is however designed in a different way for each individual according to your personal situation.
Lastly, CureDebt looks into your financial obligations to help with settlements and negotiations. This means your debt won’t inflate as time passes. They’ll also look into any violations of creditor using their in-house experts.
Some disadvantages to 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 the credit card you use. Therefore, if you’re trying increase your standing on credit scores, you might delay you from working on your debt.
CureDebt doesn’t even offer a mobile application. While they have a client website, it looks outdated and basic. It’s not very intuitive and could be difficult to navigate.
Moreover, they are still not credited with the Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a good program that will allow you to settle your debt without spending more on those types of services. Moreover, their 20% service cost is less expensive than the majority of businesses that charge an additional 25% charge. There aren’t any upfront fees and you’ll only have to pay the fee when the debt is settled.
Although they’ll give you an account so that you can track your progress however, their website isn’t user-friendly. CuraDebt isn’t even an app yet, which will make it easier to look at your progression. Massachusetts Sales Tax Relief Act
But, they do have a competent support staff that you can contact them, not only via emails but also via phone or making an electronic ticket. Massachusetts Sales Tax Relief Act
If debt is a big problem right now, we highly recommend CuraDebt’s program. Just make sure that you’re qualified and that the services they provide are in your state.
FAQ Massachusetts Sales Tax Relief Act
How long does it take to finish the program?
The program typically takes 24 to 48 months, depending on the amount of your debt as well as the agreement on the settlement.
Can CuraDebt assist with state tax problems?
Sure, CuraDebt offers a program for tax relief that can assist you with issues such as late payroll taxes and garnishments of wages.
What’s the first thing I have to do when I’m enrolled in the program?
You’ll need to constantly communicate with the team and pay the required payments to pay down the amount of debt you have over time.