Are you experiencing debt that has been increasing lately? Are you burnt out from trying various financial advice and strategies but haven’t solved your problems?
Maybe you’re here because you’ve already tried every thing.
In the majority of cases, your most effective approach is to talk to experts who can help you settle this issue.
CuraDebt is among the companies that get the most inquiries. Many people have been inquiring whether they can assist you or put you in more debt.
According to their clients, they can assist you in managing 80% of your debts so that you can finally take a few things off of your plate.
For some the claims seem too good to be true.
If you’re looking for anything that can aid you in settling your debt. In that scenario, CuraDebt will mostly be recommended by people. We’ll be taking an in-depth look at how CuraDebt operates and what issues it can help you solve.
In addition, prior to our conclusion, we’ll also look into the advantages and disadvantages of this method.
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 continue, you may want to check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick review. Afterward, you’ll want to read the rest of our article for a more comprehensive review of CuraDebt.
About the Company More About Tax Relief
CuraDebt is a debt relief company from Hollywood, Florida. It was established in 2000 and has been a member of 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 pay off your debt is CuraDebt’s most known feature. They also provide other services that can help you be more financially stable.
The process begins with requesting a free savings estimate on the internet. This service is very confidential and they will not be doing a credit check. With this savings estimate you’ll be able to learn more about your options to be debt-free.
Savings estimates, as mentioned before, gives you an idea of your options regardless of whether or not you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial advisor and a team of support to assist you in navigating credit arbitration in the event that you decide to join. Some financial advisors can help you on your path to debt-free living.
After your debt settlement plan, CuraDebt will be the one to answer all of your creditor’s calls. They will also be the ones that negotiate conditions of the repayment depending on the condition of your finances. In determining which option is the best for you, it could be either a lump sum settlement or the option of a payment plan.
Furthermore they will be working with creditors so that you can enjoy better rates when you make deposits to your savings account. This in turn, will be processed to pay creditors. The plans they offer can help you get rid of debt in just two years.
After you’ve registered with them, they will provide you with access to your account information 24 hours a day. All you have to do is log in to CuraDebts the client portal to monitor your development.
Before you can avail of the program, you’ll have to satisfy their criteria first. In order to be considered eligible for the program, you’ll have to meet the following criteria:
- At least 21 years old
- Have a verifiable income
- Minimum debt must be $5,000
What can they help you with?
Here are the different ways CuraDebt can aid you.
As their name suggests, CuraDebt can assist you in dealing your debt. They are able to negotiate settlements on your behalf to settle the majority of types of debt. This includes medical bills, personal loans, credit cards as well as lines of credit. They are also able to settle any outstanding amount on business debts, collections, or repossessions.
They may also assist in negotiating on tax owed as well as IRS debt. However, you will not receive assistance for the majority of your lawsuits, loans from the government or collateral, as well as utility bills. They also don’t cover most student loans.
On the other hand, they can assist you with laws like that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find creditor violations to ensure that you receive cash settlements, if possible. Some violations can also cause your debt to be also dismissed.
CuraDebt lets you pay off debts with less than the amount you own. They also allow you to inquire about your debt during their no-cost meeting with their debt counsellor.
The most appealing aspect of their program is that you will only pay the fees after your debt has been settled. All you have to sign up to any of the plans and you’ll be able to resolve all of your debts.
Tax Management and Relief
CuraDebt can also help you with your tax debt. Once they collect all of your financial documentation and tax documents, they’ll also collect all the paperwork you’ll need to file tax returns.
Through this program, you should be able to solve different types of taxes such as garnishments on wages as well as tax penalties for personal and taxation for business and back taxes and trust fund penalties and tax liens.
There aren’t hidden fees either. They use only flat-fee pricing that is based on the amount you’ll need to settle.
There are a variety of options for settling 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 types of debt are they able to help with?
While debt settlement is their forte however, they do not provide all kinds in debt resolution. CuraDebt only focuses on loans that are not secured. They won’t be able to help you if the debt or loan is tied to a physical item.
If you do have the following types of debt, they’ll negotiate settlements on your behalf.
With CuraDebt, you should be able pay off taxes that are due without difficulty. Furthermore, this service is available to all 50 states in the event that you owe money towards the IRS. There are federal tax experts that can help you resolve these types of issues.
CuraDebt can also assist in settling any medical-related debt. In some cases, you may even pay them for less than what you are owed.
Private Student Loan
CuraDebt does not cater to federal student loans. They can however assist private students with negotiating any loans they are owed.
Payday loans and personal loans are also eligible for the debt settlement program. It is also possible to avail the program if you have other unsecured credit lines you obtained from an alternative bank or financial institution.
Credit Card Debt
Whether you have debt with store credit cards as well as traditional credit cards or private label credit cards CuraDebt can help you pay it off.
What is the cost?
The most appealing aspect of CuraDebt is how the company has priced its services. They do not charge an upfront cost. You’ll only pay once you have paid off all of your outstanding debts.
They also don’t charge high costs either. On average, you’ll be required to pay between 20 and 20 percent of the debt that you settled with them.
On average, this type of industry can charge anywhere between 15% and 25 percent.
In addition, customers can expect to pay off their debts in two to four years. But, it also differs in relation to the amount you save per month.
Also, they claim that you can save up to 30% when you factor in their costs into your calculations.
However, this statement will vary, depending on your situation. Some customers even claimed to save 50% to 80%.
The benefits of using CuraDebt
Now that you have an idea of what CuraDebt can provide, let’s look into the advantages from using CuraDebt.
First, CuraDebt will only charge you after you’ve settled your debt. Additionally they only charge an amount of 20%, while the majority of companies charge 25 percent.
Then, if you’re done by the program for debt relief you could enroll in their credit repair program.
It’s a fantastic option to rebuild the credit rating without going in debt again. However, the program runs different for every person dependent on the circumstances of your case.
In the end, CureDebt looks into your financial obligations to assist in settlements and negotiations. It means that the amount you owe won’t rise as time passes. They’ll also be looking into any creditor violations with the assistance of their experts in-house.
Some disadvantages to the use of CuraDebt
Let’s also look into some of the drawbacks of CuraDebt.
Debt settlement and debt relief often require you to cease making payments with your credit card. So if you’re trying to increase your standing on credit scores, you could delay you from finishing your credit card debt.
CureDebt also doesn’t offer a mobile application. Although they have a website for clients however, it appears aged and simple. It’s not very user-friendly, and can be challenging 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 good program that allows you to resolve your debt without having to spend more on these kinds of services. Moreover, their 20% service cost is less expensive than the majority of companies that offer an additional 25% charge. There is no upfront payment, and you will only be required to pay once the debt is settled.
Although they’ll give you an account to see your progress but their website isn’t easy to navigate. CuraDebt also doesn’t have an app yet, which could make it easier for you to look at your performance.
However, they have a good support team that you can contact them, not only via emails but also by phone or making an electronic ticket. More About Tax Relief
If credit card is a major problem right now, we highly recommend CuraDebt’s program. Just make sure that you’re eligible and that the services they provide are in your state.
FAQ More About Tax Relief
How long will it take to complete the program?
The program typically takes between 24 and 48 months depending on the amount of your debt as well as the agreed settlement.
Can CuraDebt aid with tax problems in the state?
Yes, CuraDebt provides tax relief programs that will assist you with issues such as late payroll tax and garnishments on wages.
What should I do after joining the program?
You’ll be required to communicate with your team members and pay the required payments to pay down your debt over time.