Has your debt been increasing lately? Are you burnt out from trying various financial advice and strategies but still have unsolved issues?
Maybe you’re here because you’ve tried everything.
In most cases, the most effective approach is to talk to experts who can assist to resolve this issue.
CuraDebt is among the most asked companies. Many people are asking if they can assist you or help you get into more debt.
According to their customers, they can assist you in managing 80% of your debts so that you can take few things off of your mind.
However, for certain people, these claims are just too good to be true.
You might be looking for any solution that could aid you in settling your debt. If that’s the scenario, CuraDebt will mostly be recommended by people. We’ll be taking a deep study of the way CuraDebt operates and what issues it can help you solve.
Furthermore, before we conclude, we’ll also look into the advantages and disadvantages of this method.
Before you begin 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 check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick overview. After, you’ll want to read the rest of our article for a more comprehensive review of CuraDebt.
About the Company Optimus Tax Relief
CuraDebt is a debt relief company from 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 is accredited through the International Association of Professional Debt Arbitrators.
While it is accredited, certain states have restricted their services.
What can CuraDebt do?
Helping you pay off your debt is one of CuraDebt’s best popular feature. They also provide other services that will aid you in becoming more financially secure.
It all begins by requesting a free savings estimate on the internet. 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 the other options in your journey to debt-free.
The savings estimate, which was mentioned previously, offers you an idea of your choices regardless of whether you’re going to keep using CuraDebt.
CuraDebt will provide you with a financial counselor and a support team to help you with the process of credit arbitration should you choose to sign up. Some financial advisors can help you on your path to debt-free living.
Following your debt settlement program, CuraDebt will be the one to handle all of the calls from your creditors. They’ll be the ones who determine what you will pay for your payment based on the status of your financial situation. In determining which option is the most effectively for you, it can be either a lump sum settlement or an installment plan.
Furthermore, they will be working with the lenders to help you enjoy better rates when you transfer money into your savings account. This, in turn, will process to pay creditors. Their plans can help you get rid of debt in just the period of 48 months.
After you’ve signed up with them, they will provide you with 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 performance.
Before you can benefit from the program, you’ll have to pass their requirements first. To be eligible, you’ll need to meet the following criteria:
- Minimum 21 years old
- Earn a reliable income
- Have a minimum debt of $5,000
What are they able to assist you?
Here are the different ways CuraDebt can assist you.
As their name suggests, CuraDebt can help you deal with debt. They can negotiate settlements on behalf of you for the majority of types of debt. They can help with medical bills, personal loans, credit cards and line of credit. They are also able to settle any outstanding balance of business debt, collections, or repossessions.
They may also assist in negotiating for back taxes as well as IRS debt. However, you won’t get support for most claims, loans from the government as well as collateral and utility bills. Also, they don’t cover the majority of student loans.
On the contrary, they’ll assist you with laws like those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find creditor violations so that you can have cash settlements, if possible. Some violations can also cause your debt to be also dismissed.
CuraDebt can also help you repay debt for less than the amount you own. You can also ask questions during their free consultation with their debt counsellor.
The best part about their plan is that you will only be charged after your debt has been settled. All you have to sign up for any of the plans, and you’ll be able pay off all your debts.
Tax Management and Relief
CuraDebt can also deal with your tax debt. Once they collect all of your financial documents They will also gather all the necessary paperwork to file tax returns.
Through this program, you will be able to resolve different types of taxes such as wage garnishments, tax penalties, personal and corporate taxes as well as back taxes, trust fund penalties, and tax liens.
There aren’t hidden fees also. They only use flat-fee pricing that is based on the amount you’ll have to pay.
They have different solutions when it comes to settling the tax debt. Here are 6 of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What kinds of debts are they able to help with?
While debt settlement is their forte, they don’t provide all kinds of debt settlement. CuraDebt is only focused on unsecured debt. They won’t be able to help you if your debt or loan is tied to a physical item.
If you do have one of the following kinds of debt, they will make arrangements for settlements.
With CuraDebt the service, you’ll be able to pay your past-due tax debts without any problems. Moreover, this type of service is available to all 50 states if you owe money towards the IRS. There are tax experts from the federal government that can help you resolve the issues.
CuraDebt will also help you resolve any medical-related debt. In some instances you could even settle them less than the amount you have to pay.
Private Student Loan
CuraDebt doesn’t cater to Federal student loan. However, they can assist private students with negotiating any loans they have to pay.
Personal loans and payday loans are also eligible as debt-settling programs. You may also be eligible the program if you have other unsecure credit lines that you got from a different financial institution or bank.
Credit Card Debt
Whether you have debt with store credit cards, traditional credit cards, or private label credit cards CuraDebt will help you pay it off.
What is the cost?
The best part about CuraDebt’s pricing is how they’ve priced their service. They don’t charge an upfront fee. Only pay when you have paid off all of your debts.
They also do not charge high costs either. On average, you’ll have to pay up to 20 percent of the debt that you settled with them.
In the average, this kind of industry can charge anywhere between 15% and 25%.
In addition, customers can expect to settle their debts within 2 to 4 years. This varies depending on the amount that you save per month.
They also claim that you can save as much as 30% when you factor in their charges into your calculation.
But this claim will also vary, depending on the situation. Some clients even mentioned saving 50% to 80percent.
Advantages to using CuraDebt
Now that you have an idea of the benefits CuraDebt can provide, let’s look into the advantages that come with using CuraDebt.
First, CuraDebt will only charge you after you’ve settled your debt. Additionally, they only charge 20% of the cost, whereas most companies charge you 25%.
Then, if you’re done by the program for debt relief, you may also sign up for their credit restoration program.
It’s an excellent method to improve your credit without going in debt again. The program is however designed different for every person, depending on your situation.
Finally, CureDebt looks into your credit to help with settlements and negotiations. This means your debt won’t increase as time passes. They’ll also investigate any creditor violations with the assistance of their own experts.
The drawbacks of using CuraDebt
Let’s also consider some of the disadvantages of CuraDebt.
Debt settlement and debt relief usually require that you stop paying with your credit card. So if you’re trying to increase your rating on your credit, this may cause you to delay getting rid of your credit card debt.
CureDebt doesn’t even offer a mobile application. While they have a website for clients but it’s aged and simple. It’s not particularly intuitive, and it can be challenging to navigate.
Moreover, they are still not accredited with the Better Business Bureau although they did receive an A+ rating.
The Final Verdict
CuraDebt is a great program that lets you resolve your debt without having to spend more on these kinds of services. Additionally, their 20% service fee is lower than many firms that charge the 25% cost. There are no upfront payments and you’ll only have to pay the fee when your debt is finally settled.
Although they’ll allow you to access an account to see your progress, their website is not simple to navigate. CuraDebt does not have an app that will make it easier to monitor your progress. Optimus Tax Relief
They do have a great support team that you can contact them not just via email but also via phone or making an electronic ticket. Optimus Tax Relief
If the debt is a big problem, then we strongly recommend CuraDebt’s debt management program. Just make sure that you’re eligible and that the programs they provide are in your state.
FAQ Optimus Tax Relief
What is the time frame to complete the program?
The average program is 24 to 48 months, depending on the amount of your debt as well as your agreement on the settlement.
Can CuraDebt help with state tax problems?
Sure, CuraDebt offers a program for tax relief that will assist you with issues like delinquent tax and wage garnishments.
What do I need to do after joining the program?
You’ll be required to communicate with the team and pay the required payments to lower the amount of debt you have over time.