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 already tried every thing.
In the majority of cases, your best way is to approach experts who can assist you settle this issue.
CuraDebt is one of the most frequently contacted companies. Many people have been inquiring whether they are able to help or put you in more debt.
According to their clients, they can help you manage the majority of your debt so that you can finally take a few things off of your mind.
For some the claims seem too good to be true.
Suppose you’re on the lookout for any solution that could aid you in settling your debt. In this situation, CuraDebt will mostly be recommended by people. We’ll be taking a deep 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 starting the review, check out this video instead in case you would prefer to watch it.
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 Medical Insurance Tax Relief 2021
CuraDebt is a company that provides debt relief from 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 by the International Association of Professional Debt Arbitrators.
Although it is accredited, some states have imposed restrictions on their services.
What CuraDebt do?
Helping you settle your debt is the most popular feature. But they offer other services that will help you be more financially stable.
It all starts by requesting a no-cost online savings estimate. The service is completely confidential and won’t conduct a credit inquiry. By using this estimate of savings you’ll be able to learn more about the alternatives to be debt-free.
The savings estimate, as we’ve mentioned earlier, provides you with an insight into your choices regardless of whether you’re planning on using CuraDebt.
CuraDebt will provide you with a financial counselor as well as a support team to help you with the process of credit arbitration should you choose to enroll. Some financial advisors can help you in your debt-free journey.
Following the debt settlement program, CuraDebt will be the agency to answer all of your creditors’ calls. They will also be the ones that will negotiate what you will pay for your settlement based on the status of your financial situation. In determining which option is the most effectively your situation, the payment can be a lump-sum settlement or a payment plan.
Furthermore, they will be working with creditors so that you can have better rates as you make deposits to your savings account, which in turn, will be processed to pay back the creditors. The plans they offer can help you settle the debt within the period of 48 months.
After you’ve signed up with them, they’ll allow you access to your data 24/7. All you have to do is sign in to CuraDebts Client Portal so that you can monitor your performance.
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 have to be:
- Minimum 21 years old
- Have a verifiable income
- You must have a minimum balance of $5,000
What can they assist you with?
Here are some of the ways CuraDebt can assist you.
The name of the company suggests that CuraDebt can assist you in dealing with your debt. They are able to negotiate settlements on your behalf to settle the majority of types of debt. These include medical bills, personal loans credit cards as well as lines of credit. They are also able to settle any outstanding balance on business debt collection, repossessions, or collections.
They can even help negotiate with back taxes as well as IRS debt. But, you won’t receive assistance with the majority of your lawsuits, government loans as well as collateral and utility bills. The same goes for student loans.
On the other hand, they will assist you with laws like that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify debtors who are in violation so that you can have cash settlements, should it be possible. Certain violations could result in having your debts dismissed as well.
CuraDebt also allows you to pay off debts with less than the amount you have. Additionally, you can 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 sign up for any of the plans and you’ll be able to pay off all your debts.
Tax Management and Relief
CuraDebt will also handle the tax liabilities you have. After they have gathered all your financial documentation, they will also collect all the necessary paperwork for tax returns.
With this program, you should be able to deal with various tax issues such as wage garnishments as well as tax penalties for personal and business taxes and back taxes as well as trust fund penalties and tax lien.
There aren’t hidden fees also. They use only flat-fee pricing and is dependent on the amount that you’ll must settle.
They offer different options for settling the tax debt. Here are 6 options:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What kinds of debts can they assist you with?
Although debt settlement is their specialty however, they do not offer all kinds of debt settlement. CuraDebt concentrates on debt that is not secured. They aren’t able to help you if your credit or loan is tied to an actual item.
If you do have the following kinds of debt, they’ll arrange settlements for you.
With CuraDebt it is expected that you will be able to settle your past-due tax debts without any issues. Furthermore, this service is available to all 50 states in the event that you have a debt in arrears to IRS. There are tax experts from the federal government to assist you with these types of issues.
CuraDebt can also assist in settling any medical-related debt. In certain cases you could even settle them less than the amount you owe.
Private Student Loan
CuraDebt doesn’t cater to Federal student loan. They can however assist private students in negotiating any student loans that they have to pay.
Personal loans and payday loans also qualify to be eligible for debt relief programs. It is also possible to avail the program the program if you have other unsecure credit lines that you got from a different financial institution or bank.
Credit Card Debt
If you are in debt through store credit cards, traditional credit cards, or private label credit cards CuraDebt will assist you in paying it off.
What is the cost?
The best part about CuraDebt is the way they’ve priced their service. They don’t charge an upfront fee. Only pay when you’ve paid each of your debts.
They also don’t charge high charges either. On average, you’ll be required to pay as much as 20 percent of the debt you settled through them.
In the average, this kind of business can cost anywhere from 15% to 25 percent.
Additionally, customers can anticipate to settle their debt from 2 to 4 years. But, it also differs in relation to the amount you save per month.
Also, they claim that you could save as much as 30% when you factor in their fees in your equation.
However, the claim may differ based on your specific situation. Some clients even mentioned saving 50% to up to 80%.
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 after you’ve settled your debt. In addition they only charge an amount of 20%, while the majority of companies charge 25%.
Then, if you’re done in the process of debt resolution, you may join their credit repair program.
It’s a great method to improve your credit score without having to go back into debt. The program is however designed in a different way for each individual according to your personal situation.
In the end, CureDebt looks into your debt so that they can help with settlements and negotiations. This means the amount you owe won’t rise over time. They’ll also be looking into any violations by creditors using their in-house experts.
Drawbacks of the use of CuraDebt
We will also examine some of the negatives of CuraDebt.
Settlement of debt and debt relief often require you to stop paying with your credit card. Therefore, if you’re trying build a better rating on your credit, this might cause you to delay getting rid of your obligations.
CureDebt does not offer a mobile application. While they do have a website for clients, it looks aged and simple. It’s not particularly intuitive and could be difficult to navigate.
Moreover, they are still not accredited with their Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a useful program that allows you to resolve your debt without having to spend more on those types of services. Additionally the 20% service charge is lower than many companies that offer the 25% cost. There is no upfront payment and you’ll only have to pay when your debt is finally settled.
Although they’ll give you an account that allows you to 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 track your progression. Medical Insurance Tax Relief 2021
However, they have a competent support staff that you can contact them not just via email but also by phone or submitting an e-ticket. Medical Insurance Tax Relief 2021
If the credit card is a major problem, then we highly recommend CuraDebt’s program. Be sure to be eligible and that the services they offer are available in your area.
FAQ Medical Insurance Tax Relief 2021
How long will it take to complete the course?
The average program is 24 to 48 months, depending on the amount of your debt and the agreed settlement.
Can CuraDebt aid with tax problems in the state?
Sure, CuraDebt provides tax relief programs to assist you with issues like delinquent taxes and garnishments on wages.
What’s the first thing I have to do once I’m in the program?
You’ll be required to communicate with the team and pay the required payments to lower your debt over time.