Are you experiencing debt that has been piling up lately? Are you exhausted from trying different financial advice and tips but haven’t solved your problems?
Perhaps you’re here because you’ve tried everything.
In the majority of cases, your best option is to speak with professionals that can help you resolve the issue.
CuraDebt is among the most asked companies. Many people are asking if they are able to help or put you in more debt.
According to their clients, they can help you manage 80% of your debts so that you are able to take few things off of your plate.
But for some people the claims seem too good to be true.
You might be looking for something that will help you resolve your debt. In that situation, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep review of how CuraDebt operates and what issues it could help solve.
Moreover, before we end, we’ll also look into its advantages and drawbacks.
Before beginning 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 watch this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick overview. After, you will want to read the rest of our article for a more comprehensive review.
About the Company Ohio Tax Relief
CuraDebt is a debt relief company from Hollywood, Florida. It was founded in 2000, and is an active participant in the American Fair Credit Council, the US Chamber of Commerce, and is accredited through the International Association of Professional Debt Arbitrators.
Although the service is accredited, some states have restricted their services.
What CuraDebt do?
Helping you settle your debt is CuraDebt’s most well-known feature. They also provide other services that can aid you in becoming more financially stable.
First of all, it starts by requesting a no-cost savings estimate online. It is a completely private service and they will not be doing a credit check. By using this estimate of savings you’ll be able to learn more about your other options in your journey towards debt-free.
This estimate of savings, as mentioned previously, offers you an insight into your choices regardless of whether or not you’re going to keep using CuraDebt.
CuraDebt will assign you a financial advisor as well as a support team to help you with the process of credit arbitration should you choose to sign up. Certain financial advisors can assist you with your debt-free journey.
After your debt settlement plan, CuraDebt is the agency to take care of all your creditors’ calls. They will be the ones who determine the terms of your settlement in accordance with the state of your finances. Depending on which works best for you, it can either be a lump sum settlement or a payment plan.
Moreover they will also be working with creditors so that you can get better rates when you deposit money to your savings account. This in turn, will process to pay off the creditors. Their programs can assist you to get rid of debt in just the period of 48 months.
After you’ve signed up with them, they’ll allow you access to your account information 24 hours a day. All you need to do is log in to CuraDebts’ client portal so that you can monitor your progress.
Before you can avail of their program, you’ll need to pass their 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 the different ways CuraDebt can aid you.
As their name suggests, CuraDebt can assist you in dealing with your debt. They can negotiate settlements on your behalf to settle all kinds of debt. These include personal loans, medical bills credit cards and also loans. They are also able to settle any outstanding balance on business debt collection, repossessions, or collections.
They can even help negotiate for back taxes and IRS debt. However, you won’t get assistance with the majority claims, government loans or collateral, as well as utility bills. Also, they don’t cover the majority of student loans.
On the contrary, they’ll assist you in navigating laws such as those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They can also assist you in identifying creditor violations so that you can have cash settlements, if they are possible. Some violations can also lead to having your debts also dismissed.
CuraDebt lets you repay debt for less than the amount you own. They also allow you to have questions answered during a free consult with their debt counsellor.
The most appealing aspect of their plan is that you will only be charged after your debt has been settled. All you need to do is sign up with any of the plans and you’ll be able settle each of your debts.
Tax Management and Relief
CuraDebt can also deal with your tax debt. Once they’ve gathered all your financial records and tax documents, they’ll also collect all the necessary paperwork to file tax returns.
By using this program, you should be able to solve the various types of tax problems like wage garnishments as well as tax penalties for personal and business taxes as well as 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 that is based on the amount you need to settle.
There are a variety of options in the settlement of the tax debt. Here are 6 options:
- 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 specialization, they don’t cater to all types of debt settlement. CuraDebt only focuses on debt that is not secured. They aren’t able to help you if the credit or loan is tied to a physical item.
If, however, you are in the following kinds of debt, they’ll make arrangements for settlements.
With CuraDebt it is expected that you will be able to pay taxes that are due without any problems. Moreover, this type of service is available to all 50 states in the event that you have a debt in arrears to IRS. There are federal tax experts to assist you with these kinds of problems.
CuraDebt will also help you resolve your medical debt. In some instances you might even be able to pay the debt for less than you owe.
Private Student Loan
CuraDebt does not cater to the federal government’s student loan. However, they can assist private students with negotiating the student loans they have to pay.
Personal and payday loans also qualify for the debt settlement program. You can also avail if you have other unsecured credit lines that you have obtained from a different financial institution or bank.
Credit Card Debt
If you’re in debt using store credit cards or traditional credit cards and private-label credit cards, CuraDebt can help you pay it off.
How much will it cost?
The best part about CuraDebt is how they’ve priced their services. They don’t charge upfront fees. Only pay when you have paid off all of your debts.
They also do not charge high charges either. On average, you’ll be required to pay up to 20% of the debt you settled through them.
On average, this type of industry can charge anywhere between 15% and 25 percentage.
Additionally, customers can anticipate to settle their debts within 2 to 4 years. However, this also varies according to the amount you save per month.
They also claim that you could save as much as 30% if you include their costs into your calculations.
However, the claim may depend on your specific situation. Some customers have even talked about saving 50% to 80percent.
Advantages to using CuraDebt
Once you’ve got an understanding of the benefits CuraDebt can provide, let’s look into the advantages from using CuraDebt.
First, CuraDebt is only charged once you’ve paid off your debt. Additionally, they only charge a 20% fee while many companies charge 25 percent.
Then, if you’re done with the debt settlement program you could also sign up for their credit restoration program.
It’s an excellent way to restore the credit rating without having to go into debt again. The program is however designed differently for each person according to your personal situation.
Finally, CureDebt looks into your credit to assist with settlements and negotiations. So, your debt won’t inflate over time. They’ll also investigate any violations of creditor using their own experts.
The drawbacks of the use of CuraDebt
Let’s also consider some of the disadvantages of CuraDebt.
Debt settlement and debt relief often require you to stop paying with your credit card. So if you’re trying to improve your standing on credit scores, you may set you back while you’re working on your obligations.
CureDebt doesn’t even have a mobile app. While they have a website for clients but it’s outdated and basic. It’s not particularly user-friendly, and can be difficult to navigate.
Moreover, they are still not credited with the Better Business Bureau although they did receive an A+ rating.
The Final Verdict
CuraDebt is a good program that lets you pay off your debts without spending more for these types of services. In addition, their 20% service charge is less expensive than the majority of firms that charge a 25% fee. There is no upfront payment and you’ll only be required to pay once your debt is finally settled.
While they’ll provide you with an account so that you can track your progress, their website is not user-friendly. CuraDebt also doesn’t have an app that could make it easier for you to monitor your progress.
However, they have a great support team, and you can reach them not only through emails but also by phone or submitting an e-ticket. Ohio Tax Relief
If credit card is a major problem right now, we recommend CuraDebt’s service. Be sure to be eligible and that the programs they provide are in your area.
FAQ Ohio Tax Relief
What is the time frame to complete the course?
The typical program lasts from between 24 and 48 months depending on the amount of your debt as well as your agreement on the settlement.
Can CuraDebt assist in the fight against state tax issues?
It is true that CuraDebt offers a program for tax relief that can help you with problems like delinquent tax and garnishments of 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 reduce your debt over time.