Have your debts been increasing lately? Are you tired of trying various financial advice and tips but still have unsolved issues?
Maybe you’re here because you’ve tried everything.
In the majority of cases, the best way is to approach professionals that can help you resolve the issue.
CuraDebt is one of the most frequently contacted companies. A lot of people are asking if they can help you or help you get into more debt.
According to their clients, they can help you manage 80% of your debt , so you can finally take a couple of things off your mind.
But for some people, these claims are just too good to be true.
Suppose you’re on the lookout for any solution that could aid you in settling your debt. If that’s the situation, CuraDebt will mostly be recommended by people. We’ll be taking a deep review of how CuraDebt is used and the problems it can solve for you.
Furthermore, before we conclude our discussion, we’ll take a look at the advantages and disadvantages of this method.
Before you begin the review, check out this video instead for a more relaxing way 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 will want to read the rest of our article for a more comprehensive review of CuraDebt.
About the Company Parent Relief Tax Credit
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was founded in 2000 and has since become a participant in the American Fair Credit Council, the US Chamber of Commerce, and accredited with the International Association of Professional Debt Arbitrators.
Although the service is accredited, some states have limited their access to their services.
What CuraDebt do?
Helping you settle your debt is the most well-known feature. However, they also offer other services that will assist you in becoming financially secure.
The process begins with requesting a free online savings estimate. It is a completely private service and won’t be doing a credit check. With this savings estimate, you will learn more about your options to be debt-free.
Savings estimates, as we’ve mentioned before, gives you an insight into your options regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will provide you with a financial counselor and a support team to assist you in navigating credit arbitration in the event that you decide to enroll. Some financial advisors can help you on your path to debt-free living.
Following your debt settlement program, CuraDebt can be the one to answer all of the calls from your creditors. They will be the ones who will negotiate the terms of your repayment based on the status of your financial situation. In determining which option is the most effectively to you, this can either be a lump sum settlement or a payment plan.
Furthermore they will work with creditors to ensure that you get better rates when you make deposits to 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 allow you access to your data 24/7. All you need to do is sign in to CuraDebts the client portal so that you can monitor your progress.
Before you can avail of their program, you’ll need to satisfy their criteria first. For eligibility, you’ll need to be:
- Minimum 21 years old
- Have a verifiable income
- You must have a minimum balance of $5,000
What can they help you with?
Here are the different ways CuraDebt can assist you.
Like their name implies, CuraDebt can assist you in dealing with your debt. They can negotiate settlements on your behalf to settle the majority of types of debt. This includes medical bills, personal loans, credit cards as well as line of credit. You can also approach them to settle any outstanding balance on business debt, collections, or repossessions.
They can even help negotiate on tax owed and IRS debt. However, you will not receive assistance with the majority cases, loans from the government, collateral, and utility bills. Also, they don’t cover the majority of student loans.
On the contrary, they’ll assist you in navigating laws such as the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify the violations of creditors to ensure that you receive cash settlements, should it be possible. Some violations can also cause your debt to be also dismissed.
CuraDebt can also help you settle debt with less than the amount you have. They also allow you to have questions answered during a free consultation with their debt advisor.
The most appealing aspect of their plan is that you’ll only have to pay for the charges when your debt is paid off. 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 help you with your tax debt. Once they collect all of your financial records, they will also collect all the necessary paperwork for tax returns.
Through this program, you should be able to solve different types of taxes like garnishments on wages and tax penalties, personal and taxation for business and back taxes and trust fund penalties and tax liens.
There aren’t hidden fees neither are there hidden fees. They use only flat-fee pricing, which depends on the amount that you’ll must settle.
They offer different options for paying off taxes. Here are six of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What types of debt can they assist you with?
While debt settlement is their specialization, they don’t provide all kinds of debt settlement. CuraDebt only focuses on unsecured debt. They won’t be able to help you if the loan or debt is linked to a physical item.
However, if you have the following kinds of debt, they will arrange settlements for you.
With CuraDebt it is expected that you will be able to settle your past-due tax debts without any problems. Additionally, this service is offered across all 50 states, if you have a debt towards the IRS. There are federal tax experts who can assist you in resolving these types of issues.
CuraDebt can also help resolve your medical debt. In some instances you could even settle them less than the amount you are owed.
Private Student Loan
CuraDebt does not offer the federal government’s student loan. They can however assist private students in negotiating the student loans they have to pay.
Payday loans and personal loans are also eligible as debt-settling programs. 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
Whether you have debt with store credit cards as well as traditional credit cards or private label credit cards CuraDebt can assist you in paying it off.
How much will it cost?
The greatest thing about CuraDebt is the way they’ve priced their service. They do not charge an upfront cost. The only time you pay is when you settle each of your debts.
Additionally, they don’t charge high fees as well. On average, you’ll be required to pay as much as 20 percent of the debt that you settled with them.
On average, this type of industry can charge anywhere from 15% to 25 percentage.
In addition, customers can expect to settle their debt from two to four years. This varies according to the amount you save per month.
Also, they claim that you can save up to 30% by incorporating their costs into your calculations.
But this claim will also depend on your situation. Some customers have even talked about saving 50% to 80%.
The benefits of using CuraDebt
Now that you have an understanding of the benefits CuraDebt can provide, let’s explore the benefits from using CuraDebt.
In the beginning, CuraDebt only charges you when you’ve paid off your debt. In addition they only charge 20% of the cost, whereas many companies charge 25%.
Then, if you’re done by the program for debt relief, you may join their credit repair program.
It’s a fantastic option to rebuild your credit without going in debt again. However, the program lasts in a different way for each individual dependent on the circumstances of your case.
Finally, CureDebt looks into your debt so that they can assist in settlements and negotiations. It means that your debt won’t inflate over time. They’ll also look into any creditor violations with the assistance of their in-house experts.
Drawbacks of using CuraDebt
Let’s also consider some of the drawbacks of CuraDebt.
Debt relief and debt settlements typically require you to cease making payments with the credit card you use. If you’re trying to improve your rating on your credit, this might delay you from getting rid of your debt.
CureDebt doesn’t even have a mobile app available. Although they have a website that clients can access however, it appears outdated and basic. It’s not particularly user-friendly, and can be difficult to navigate.
In addition, they’re not recognized by their Better Business Bureau although they did receive an A+ grade.
The Final Verdict
CuraDebt is a useful program that will allow you to resolve your debt without having to spend more for these types of services. In addition the 20% service charge is lower than many firms that charge the 25% cost. There is no upfront payment and you’ll only be required to pay once the debt is paid off.
While they’ll provide you with an account that allows you to track your progress but their website isn’t simple to navigate. CuraDebt also doesn’t have an app, which would make it easier to look at your progress.
But, they do have a competent support staff and can be reached them not just via email but by phone or by submitting an electronic ticket. Parent Relief Tax Credit
If your debt is a big issue right now, we highly recommend CuraDebt’s program. Make sure you’re qualified and that the services they offer are available in your state.
FAQ Parent Relief Tax Credit
What is the time frame to complete the program?
The program typically takes 24 to 48 months, depending on the amount of your debt as well as your agreed settlement.
Can CuraDebt assist with state tax problems?
It is true that CuraDebt has a tax relief program that can assist you with issues like delinquent tax and garnishments of wages.
What do I need to do when I’m enrolled in the program?
You’ll be required to communicate with the team and make the necessary payments to pay down the amount of debt you have over time.