Have your debts been increasing lately? Are you burnt out from trying other financial advice and tips but still have unsolved issues?
Maybe you’re here because tried everything.
In most cases, the best option is to speak with experts who can help you resolve the issue.
CuraDebt is among the most asked companies. Many customers have asked if they can assist you or put you in more debt.
According to their clients, they can assist you in managing 80% of your debt so that you are able to take couple of things off your plate.
But for some people, these claims are just too good to be true.
If you’re looking for anything that can assist you in paying off your debt. If that’s the case, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep review of the way CuraDebt works and what problems it could help solve.
In addition, prior to our conclusion our discussion, we’ll take a look at the advantages and disadvantages of this method.
Before starting the review, you can go to this video if you prefer to watch 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 will want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company New Hope Tax Relief
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000, and is an active part of the American Fair Credit Council, the US Chamber of Commerce, and accredited with the International Association of Professional Debt Arbitrators.
Although it is accredited, some states have imposed restrictions on their services.
What can CuraDebt do?
Helping you pay off your debt is the most known feature. However, they also offer other services that can help you be more financially secure.
It all begins by requesting a free online savings estimate. The service is completely confidential and won’t be conducting a credit screening. With this estimate of savings, you will learn more about your other options in your journey towards debt-free.
This estimate of savings, which was mentioned earlier, provides you with an insight into your options regardless of whether 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 sign up. Certain financial advisors can assist you in your debt-free journey.
Following your debt settlement program is completed, CuraDebt can be the one to answer all of your creditors’ calls. They’ll also be the ones that will negotiate conditions of the repayment depending on the condition of your finances. Based on what works best for you, it could be a lump-sum settlement or the option of a payment plan.
Moreover they will be working with the lenders to help you enjoy better rates when you make deposits to your savings account. This in turn, will process to pay the creditors. The plans they offer can help you settle the debt within the period of 48 months.
After you’ve registered with them, they’ll allow you access to your information 24/7. All you have to do is login to CuraDebts’ client portal to track your progress.
Before you can avail of the program, you’ll have to pass their requirements first. In order to be considered eligible for the program, you’ll need to meet the following criteria:
- At least 21 years old
- Earn a reliable income
- Minimum debt must be $5,000
What are they able to assist you with?
Here are the various ways CuraDebt can help you.
As their name suggests, CuraDebt will assist you in dealing with debt. They are able to negotiate settlements on your behalf to settle most types of debt. They can help with medical bills, personal loans credit cards and also line of credit. They can also be approached to help settle any remaining amount on business debts collection, repossessions, or collections.
They may also assist in negotiating with back taxes and IRS debt. However, you will not receive assistance for the majority claims, loans from the government or collateral, as well as utility bills. The same goes for student loans.
On the other hand, they can assist you in navigating laws such as that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They can also assist you in identifying debtors who are in violation to ensure that you receive cash settlements, if possible. Some violations can also lead to having your debts dismissed as well.
CuraDebt can also help you repay debt for less than the sum you have. They also allow you to inquire about your debt during their no-cost meeting with their debt advisor.
The greatest benefit of the program is that you’ll only be charged once your debt is settled. All you have to sign up for one of their plans and you’ll be able pay off all your debts.
Tax Management and Relief
CuraDebt can also deal with the tax liabilities you have. Once they’ve gathered all your financial documents They will also gather all the documents you’ll require for tax returns.
Through this program, you will be able to deal with the various types of tax problems like wage garnishments as well as tax penalties for personal and corporate taxes, back taxes, trust fund penalties, and tax liens.
There aren’t hidden fees either. They only offer flat-fee prices that is based on the amount you have to pay.
There are a variety of 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 abatements
- Currently non-collectible
What kinds of debts are they able to help with?
Although debt settlement is their specialty however, they do not cater to all types in debt resolution. CuraDebt concentrates on loans that are not secured. They aren’t able to assist you if your credit or loan is tied to an actual item.
If, however, you are in one of the following kinds of debt, they’ll arrange settlements for you.
With CuraDebt it is expected that you will be able pay off taxes that are due without any problems. Additionally, this service is available across all 50 states, if you owe money towards the IRS. There are tax experts from the federal government to assist you with these kinds of problems.
CuraDebt can also assist in settling your medical debt. In certain cases you could even settle the debt for less than you have to pay.
Private Student Loan
CuraDebt does not cater to Federal student loan. Still, they can help private students negotiate the student loans they have to pay.
Personal and payday loans also qualify as debt-settling programs. You can also avail of the program if you also have other unsecured credit lines that you have obtained from another bank or financial institution.
Credit Card Debt
If you are in debt through store credit cards, traditional credit cards, or private label credit cards, CuraDebt can assist you in paying it off.
How much will it cost?
The best part about CuraDebt is the way the company has priced its services. They don’t charge upfront fees. Only pay when you settle each of your debts.
Also, they do not charge high costs either. On average, you’ll have to pay between 20 and 20 percent of the debt that you settled through them.
In general, this type of business can cost anywhere from 15% to 25%.
In addition, customers can expect to settle their debts within two to four years. But, it also differs depending on the amount that you are able to save each month.
They also claim that you could save as much as 30% if you include their costs into your calculations.
But this claim will also depend on the situation. Some customers have even talked about saving 50 to 80%.
Benefits of using CuraDebt
Now that you have an understanding of the benefits CuraDebt can provide, Let’s take a look at the benefits that come with using CuraDebt.
The first is that CuraDebt only charges you once you’ve paid off your debt. Additionally they charge only a 20% fee while the majority of companies charge 25%.
If you’re finished in the process of debt resolution, you could also sign up for their credit repair program.
It’s a fantastic way to restore your credit without having to go in debt again. However, the program lasts different for every person according to your personal situation.
In the end, CureDebt looks into your financial obligations to assist in settlements and negotiations. It means that your debt won’t increase over time. They’ll also be looking into any creditor violations with the help of their in-house experts.
The drawbacks of using CuraDebt
Let’s also look into some of the disadvantages of CuraDebt.
Debt settlement and debt relief often require you to cease making payments with the credit card you use. So if you’re trying to improve your credit score, it may set you back while you’re working on your debt.
CureDebt does not have a mobile app available. While they do have a website for clients but it’s outdated and basic. It’s not very intuitive, and it can be challenging to navigate.
Furthermore, they are not credited with their Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a great program that lets you settle your debt without spending more on those types of services. In addition, their 20% service fee is cheaper than most companies that offer a 25% fee. There is no upfront payment and you’ll only have to pay the fee when the debt is paid off.
Although they’ll give you an account that allows you to track your progress but their website isn’t easy to navigate. CuraDebt also doesn’t have an app yet, which will make it easier to track your progress. New Hope Tax Relief
However, they have a competent support staff and can be reached them not only through emails but by phone or by sending an electronic ticket. New Hope Tax Relief
If your debt is a big problem right now, we strongly recommend CuraDebt’s debt management program. Make sure you’re qualified and that the services they provide are in your state.
FAQ New Hope Tax Relief
How long does it take to complete the course?
The typical program lasts from 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?
It is true that CuraDebt has a tax relief program that can help you with problems like delinquent tax and garnishments of wages.
What do I need to do after joining the program?
You’ll have to keep in constant contact with your team members and make the necessary payments to lower the amount of debt you have over time.