Have your debts been increasing lately? Are you burnt out from trying other financial tips and advice but haven’t solved your problems?
Maybe you’re here because already tried everything.
In the majority of cases, your best way is to approach experts who can help you settle this issue.
CuraDebt is one of the companies that get the most inquiries. Many customers have asked if they can help you or help you get into more debt.
According to their customers, they can help you manage 80% of your debt , so you can take couple of w
orries off your plate.
But for some people the claims seem too good to be true.
If you’re looking for anything that can help you resolve your debt. In this scenario, CuraDebt will mostly be suggested by people. We’ll take a deeper review of how CuraDebt operates and what issues it can solve for you.
In addition, prior to our conclusion our discussion, we’ll take a look at its benefits and drawbacks.
Before starting the review, you can go to this video in case you would prefer to watch it.
Otherwise, let’s begin.
Before you go on, you may want to check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick overview. Afterward, you’ll want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company New Jersey Veterans Tax Relief
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was established in 2000, and is a part of the American Fair Credit Council, the US Chamber of Commerce, and is accredited by the International Association of Professional Debt Arbitrators.
Although it is accredited, some states have restricted their services.
What can CuraDebt do?
Helping you settle your debt is the most popular feature. But they offer other services that will assist you in becoming financially secure.
First of all, it begins with requesting a free online savings estimate. It is a completely private service and they will not be doing a credit check. By using this estimate of savings you’ll learn more about your options towards debt-free.
Savings estimates, as mentioned earlier, provides you with an idea of your choices regardless of whether or not you’re planning on using CuraDebt.
CuraDebt will assign you a financial advisor and a support team to assist you with credit arbitration if you decide to sign up. Financial advisors may be able to assist you in your debt-free journey.
Following the debt settlement program, CuraDebt can be the one to handle all of your creditor’s calls. They will also be the ones who will determine the terms of your payment based on the status of your finances. Depending on which works best your situation, the payment can be either a lump sum settlement or a payment plan.
Additionally they will be working with creditors so that you can enjoy better rates when you transfer money into your savings account. This, in turn, will process to pay back the creditors. The plans they offer can help you pay off the debt in two years.
After you’ve signed up with them, they will provide you with access to your information 24/7. All you have to do is login to CuraDebts Client Portal to track your development.
Before you can benefit from the program, you’ll have to meet their eligibility requirements first. For eligibility, you’ll need to meet the following requirements:
- Minimum 21 years old
- Earn a reliable income
- You must have a minimum balance of $5,000
What are they able to assist you?
Here are some of the ways CuraDebt can help you.
The name of the company suggests that CuraDebt can assist you in dealing your debt. They can negotiate settlements on your behalf for all kinds of debt. They can help with personal loans, medical bills, credit cards as well as loans. They can also be approached to help settle any remaining balance on business debt and collections or repossessions.
They may even assist you in negotiating with back taxes and IRS debt. However, you will not receive assistance for the majority claims, loans from the government, collateral, and utility bills. They also don’t cover most student loans.
On the other hand, they will assist you with laws like those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify creditor violations so that you can have cash settlements, if possible. Certain violations may result in having your debts also dismissed.
CuraDebt can also help you repay debt for less than the amount you own. You can also have questions answered during a free consultation with their debt counsellor.
The greatest benefit of the program is that you only have to pay for the charges once your debt is settled. All you have to sign up to one of their plans, and you’ll have the ability to settle each of your debts.
Tax Management and Relief
CuraDebt can also help you with your tax debt. After they have gathered all your financial documents and tax documents, they’ll also collect all the documents you’ll require for tax returns.
With this program, you should be able to resolve the various types of tax problems such as garnishments on wages, tax penalties, personal and taxation for business and back taxes as well as trust fund penalties and tax lien.
There aren’t any hidden costs neither are there hidden fees. They only offer flat-fee prices, which depends on the amount that you’ll have to pay.
They offer different options in paying off your tax debt. Here are 6 options:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What types of debt can they help you with?
Although debt settlement is their specialty however, they do not offer all kinds of debt settlement. CuraDebt concentrates on unsecured debt. They can’t assist you if your loan or debt is linked to a physical item.
If, however, you are in the following types of debt, they will negotiate settlements on your behalf.
With CuraDebt it is expected that you will be able pay off your past-due tax debts without any issues. Additionally, this service is offered to all 50 states if you have a debt to the IRS. There are tax experts from the federal government that can help you resolve the issues.
CuraDebt can also assist in settling your medical debt. In certain cases you might even be able to pay 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 student loans that they owe.
Personal and payday loans also qualify as debt-settling programs. You may also be eligible if you have other unsecured credit lines that you have obtained from another financial institution or bank.
Credit Card Debt
If you’re in debt using store credit cards, traditional credit cards, or private label credit cards, CuraDebt will assist you in paying it off.
How much will it cost?
The best part about CuraDebt is the way they’ve priced their services. They don’t charge an upfront fee. You’ll only pay once you settle each of your outstanding debts.
Also, they don’t charge high charges either. On average, you’ll be required to pay between 20 and 20% of the debt you settled through them.
On average, this type of industry charges between 15 and 25 percent.
In addition, customers can expect to settle their debts within between 2 and 4 years. But, it also differs in relation to the amount you can save up per month.
Also, they claim you can save up to 30% when you factor in their charges into your calculation.
However, the claim may depend on your specific situation. Some customers have even talked about saving 50 to 80%.
Benefits of using CuraDebt
Now that you have an idea of the benefits CuraDebt offers, Let’s take a look at the benefits of using CuraDebt.
The first is that CuraDebt is only charged after you’ve settled your debt. Furthermore, they only charge an amount of 20%, while many companies charge 25 percent.
If you’re finished with the debt settlement program you could enroll in their credit restoration program.
It’s a fantastic option to rebuild your credit without going into debt again. However, the program lasts in a different way for each individual dependent on the circumstances of your case.
Lastly, CureDebt looks into your credit to assist in settlements and negotiations. So, your debt won’t increase over time. They’ll also be looking into any violations of creditor with the assistance of their own experts.
The drawbacks of the use of CuraDebt
We will also examine some of the drawbacks of CuraDebt.
Debt settlement and debt relief typically require you to stop making payments using the credit card you use. If you’re trying to improve your standing on credit scores, you might delay you from working on your obligations.
CureDebt doesn’t even have a mobile app available. While they have a website for clients but it’s outdated and basic. It’s not very intuitive, and it can be difficult to navigate.
Moreover, they are still not credited with an accreditation from the Better Business Bureau although they did receive an A+ rating.
The Final Verdict
CuraDebt is a great program that allows you to settle your debt without spending more on these kinds of services. Moreover the 20% service charge is lower than many businesses that charge the 25% cost. There aren’t any upfront fees, 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, their website is not easy to navigate. CuraDebt also doesn’t have an app yet, which will make it easier to monitor your progression.
However, they have a great support team, and you can reach them not just via email but also via phone or sending an e-ticket. New Jersey Veterans Tax Relief
If your credit card is a major problem, then we recommend CuraDebt’s service. Just make sure that you’re eligible and that the programs that they provide are offered in your state.
FAQ New Jersey Veterans Tax Relief
How long does it take to finish the program?
The program typically takes between 24 and 48 months depending on the amount of your debt and the agreed settlement.
Can CuraDebt aid with state tax problems?
Yes, CuraDebt provides tax relief programs that will help you with problems such as delinquent payroll tax issues and garnishments on wages.
What should I do once I’m in the program?
You’ll be required to communicate with your team members and make the necessary payments to lower your debt over time.