Are you experiencing debt that has been piling up lately? Are you burnt out from trying various financial advice and strategies but you’re still struggling with unsolved problems?
Perhaps you’re here because you’ve tried every thing.
In the majority of cases, your best way is to approach experts who can help you resolve the issue.
CuraDebt is one of the most asked companies. Many customers have asked if they can help you or put you in more debt.
According to their customers, they can help you manage 80percent of your debt , so you are able to take few things off of your mind.
For some they believe these claims are too good to be true.
Suppose you’re on the lookout for something that will assist you in paying off your debt. In this scenario, CuraDebt will mostly be recommended by people. We’ll be taking an in-depth study of how CuraDebt works and what problems it could help solve.
Furthermore, before we conclude our discussion, we’ll take a look at the advantages and disadvantages of this method.
Before starting the review, you can watch this video instead in case you would prefer to watch it.
Otherwise, let’s begin.
Before you continue, you may want to watch this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick review. After, you’ll want to read the rest of the article for a more comprehensive review.
About the Company Mortgage Debt Forgiveness Tax Relief Act Extended
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000 and has since become an active member of the American Fair Credit Council, the US Chamber of Commerce, and accredited through the International Association of Professional Debt Arbitrators.
Although the service is accredited, some states have restricted their services.
What can CuraDebt do?
Helping you pay off your debt is CuraDebt’s most well-known feature. However, they also offer additional services to aid you in becoming more financially secure.
First of all, it begins by requesting a free savings estimate on the internet. It is a completely private service and they will not conduct a credit inquiry. By using this estimate of savings you’ll be able to discover more about options to be debt-free.
This estimate of savings, which was mentioned before, gives you the opportunity to consider your choices, regardless of whether you’re planning on using CuraDebt.
CuraDebt will assign you a financial advisor and a support team to help you with credit arbitration in the event that you decide to enroll. Some financial advisors can help you on your path to debt-free living.
Following the debt settlement program is completed, CuraDebt can be the agency to handle all of your creditors’ calls. They’ll also be the ones who determine conditions of the repayment depending on the condition of your financial situation. Depending on which works best for you, it could either be a lump sum settlement or a payment plan.
Additionally they will also be working with creditors so that you can get better rates when you transfer money into your savings account. This, in turn, will be processed to pay off creditors. Their plans can help you get rid of debt in just two years.
After you’ve registered with them, they will give you access to your information 24/7. All you need to do is login to CuraDebts Client Portal to track your performance.
Before you can benefit from the program, you’ll have to satisfy their criteria first. To be eligible, you’ll have to be:
- Minimum 21 years old
- Have a verifiable income
- Have a minimum debt of $5,000
What can they help you with?
Here are the different ways CuraDebt can assist you.
The name of the company suggests that CuraDebt can help you deal with debt. They are able to negotiate settlements on your behalf for the majority of types of debt. They can help with personal loans, medical bills credit cards and also line of credit. They are also able to pay off any remaining balance on business debt, collections, or repossessions.
They can even help negotiate with back taxes and IRS debt. However, you won’t get support for most cases, loans from the government as well as collateral and utility bills. They also don’t cover most student loans.
On the other hand, they will help you use laws like those of 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 to ensure that you receive cash settlements, should it be possible. Certain violations could cause your debt to be dismissed as well.
CuraDebt can also help you pay off debts with less than the sum you have. They also allow you to inquire about your debt during their no-cost consultation with their debt counsellor.
The best part about their program is that you’ll only have to pay for the charges once your debt is settled. All you have to sign up for any of the plans and you’ll be able resolve all of your debts.
Tax Management and Relief
CuraDebt will also handle your tax debt. Once they’ve gathered all your financial documentation, they will also collect all the paperwork you’ll need to file tax returns.
Through this program, you’ll be able to solve different types of taxes like garnishments on wages as well as tax penalties for personal and business taxes and back taxes as well as trust fund penalties and tax liens.
There aren’t hidden fees also. They use only flat-fee pricing and is dependent on the amount you must settle.
There are a variety of options for the settlement of taxes. Here are six of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What kind of debt can they help you with?
While debt settlement is their specialty, they don’t cater to all types of debt settlement. CuraDebt concentrates on loans that are not secured. They can’t help you if your debt or loan is tied to a physical item.
However, if you have the following kinds of debt, they’ll make arrangements for settlements.
With CuraDebt the service, you’ll be able to pay taxes that are due without any problems. Furthermore, this service is accessible to all 50 states if you have a debt to the IRS. They have federal tax experts that can help you resolve the issues.
CuraDebt will also help you resolve the medical bills. In some cases you could even settle them for less than what you owe.
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 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 are in debt through store credit cards or traditional credit cards or private label credit cards CuraDebt will help you pay it off.
What will it cost you?
The best part about CuraDebt is how they’ve priced their services. They don’t charge an upfront fee. You’ll only pay once you’ve paid each of your outstanding debts.
Additionally, they don’t charge high fees as well. On average, you’ll be required to pay up to 20 percent of the debt you settled through them.
In the average, this kind of business can cost anywhere between 15 and 25 percentage.
Moreover, clients can expect to settle their debt from 2 to 4 years. However, this also varies in relation to the amount you are able to save each month.
Also, they claim you can save up to 30% by incorporating their fees in your equation.
However, the claim may depend on the situation. Some customers even claimed to save 50% to up to 80%.
The benefits of using CuraDebt
Now that you have an idea of what CuraDebt can offer you let’s look into the advantages from using CuraDebt.
First, CuraDebt is only charged after you’ve settled your debt. Furthermore they only charge an amount of 20%, while most companies charge you 25%.
Next, if you’re done by the program for debt relief you could enroll in their credit repair program.
It’s an excellent option to rebuild your credit score without going into debt again. However, the program runs different for every person according to your personal situation.
Lastly, CureDebt looks into your financial obligations to help with settlements and negotiations. So, your debt won’t inflate over time. They’ll also investigate any creditor violations with the assistance of their own experts.
The drawbacks of the use of CuraDebt
Let’s also consider some of the negatives of CuraDebt.
Debt settlement and debt relief often require you to stop making payments using the credit card you use. If you’re trying to build a better rating on your credit, this might set you back while you’re getting rid of your credit card debt.
CureDebt does not offer a mobile application. Although they have a client website but it’s old and mundane. It’s not particularly intuitive and could be challenging to navigate.
Moreover, they are still not accredited with their Better Business Bureau although they were awarded an A+ rating.
The Final Verdict
CuraDebt is a good program that lets you resolve your debt without having to spend more on these kinds of services. Moreover, their 20% service cost is cheaper than most companies that offer an additional 25% charge. There are no upfront payments, and you will only have to pay the fee when the debt is paid off.
Although they’ll give you an account to see 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.
But, they do have a competent support staff that you can contact them not only through emails but also via phone or making an electronic ticket. Mortgage Debt Forgiveness Tax Relief Act Extended
If your problem of debt is an issue right now, we highly recommend CuraDebt’s program. Make sure you’re qualified and that the services that they provide are offered in your state.
FAQ Mortgage Debt Forgiveness Tax Relief Act Extended
What is the time frame to complete the program?
The program typically takes 24 to 48 months, dependent on the size of your debt as well as your stipulated settlement.
Can CuraDebt aid in the fight against state tax issues?
Sure, CuraDebt provides tax relief programs that will aid you in dealing with problems like delinquent taxes and wage garnishments.
What’s the first thing I have to do when I’m enrolled in the program?
You’ll need to constantly communicate with your team members and make the necessary payments to pay down your debt over time.