Has your debt increased lately? Are you burnt out from trying other financial advice and strategies but still have unsolved issues?
Perhaps you’re here because you’ve tried every thing.
In the majority of cases, the most effective approach is to talk to professionals that can help you settle this issue.
CuraDebt is among the most asked companies. A lot of customers have asked if they are able to help or put you into more debt.
According to their clients, they can assist you in managing 80% of your debt , so you are able to take few things off of your mind.
For some, these claims are just too good to be true.
If you’re looking for something that will aid you in settling your debt. In that scenario, CuraDebt will mostly be suggested by people. We’ll be taking a deep review of how CuraDebt works and what problems it can help you solve.
Moreover, before we end our discussion, we’ll take a look at its benefits and drawbacks.
Before you begin the review, check out this video instead 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 People’S Tax Relief
CuraDebt is a debt relief company from Hollywood, Florida. It was founded in 2000 and has been an active participant in the American Fair Credit Council, the US Chamber of Commerce, and accredited by the International Association of Professional Debt Arbitrators.
Although the service is accredited, certain states have restricted their services.
What CuraDebt do?
Helping you settle your debt is the most popular feature. But they offer additional services to assist you in becoming financially secure.
The process begins by requesting a free online savings estimate. The service is completely confidential and won’t be conducting a credit screening. By using this estimate of savings, you will discover more about other options in your journey to be debt-free.
This estimate of savings, as we’ve mentioned previously, offers you the opportunity to consider your choices regardless of whether you’re planning on using CuraDebt.
CuraDebt will assign you a financial counselor and a team of support to help you with credit arbitration in the event that you decide to join. Some financial advisors can help you on your path to debt-free living.
Following the debt settlement plan, CuraDebt is the agency to take care of all the calls from your creditors. They will also be the ones who will determine conditions of the payment in accordance with the state of your finances. In determining which option is the best for you, it can be a lump-sum settlement or the option of a payment plan.
Additionally, they will be working with the creditors to ensure that you have better rates as you deposit money to your savings account, which in turn, will process to pay off creditors. Their programs can assist you to settle the debt within the period of 48 months.
After you’ve registered with them, they will provide you with access to your information 24/7. All you need to do is sign in to CuraDebts the client portal to track your development.
Before you are able to avail their program, you’ll need to meet their eligibility requirements first. For eligibility, you’ll have to meet the following requirements:
- At least 21 years old
- Verifiable income
- Minimum debt must be $5,000
What can they assist you with?
Here are the different ways CuraDebt can help you.
Like their name implies, CuraDebt can help you deal with debt. They are able to negotiate settlements on your behalf for most types of debt. This includes medical bills, personal loans, credit cards as well as line of credit. You can also approach them to pay off any remaining balance on business debt and collections or repossessions.
They can even help negotiate on tax owed and IRS debt. However, you won’t get assistance for the majority claims, loans from the government or collateral, as well as utility bills. Also, they don’t cover the majority of student loans.
On the other hand, they can help you use laws like that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find creditor violations to ensure that you receive cash settlements, if possible. Certain violations could cause your debt to be also dismissed.
CuraDebt also allows you to repay debt for less than the sum you have. They also allow you to have questions answered during a free consultation with their debt advisor.
The best part about the program is that you will only pay the fees once your debt is settled. All you have to do is sign up with some of their programs and you’ll have the ability to settle each of your debts.
Tax Management and Relief
CuraDebt can also deal with the tax liabilities you have. Once they collect all of your financial records and tax documents, they’ll also collect all the documents you’ll require for tax returns.
Through this program, you’ll be able to resolve different types of taxes like garnishments on wages as well as tax penalties for personal and corporate taxes, back taxes and trust fund penalties and tax liens.
There aren’t any hidden costs neither are there hidden fees. They only offer flat-fee prices, which depends on the amount you need to settle.
They offer different options in paying off 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 types of debt are they able to help with?
While debt settlement is their specialization but they aren’t able to provide all kinds of settlement. CuraDebt is only focused on debt that is not secured. They won’t be able to help you if your debt or loan is tied to an item that is physical.
If you do have the following kinds of debt, they will make arrangements for settlements.
With CuraDebt, you should be able to pay tax debts that were due to be paid without difficulty. Additionally, this service is accessible to all 50 states in the event that you have a debt towards the IRS. There are tax experts from the federal government that can help you resolve these kinds of problems.
CuraDebt can also assist in settling the medical bills. In some cases you could even settle the debt for less than you are owed.
Private Student Loan
CuraDebt doesn’t cater to the federal government’s student loan. Still, they can help private students in negotiating any loans they are owed.
Payday loans and personal loans also qualify to be eligible for debt relief programs. It is also possible to avail the program the program if you have other unsecure credit lines that you got from an alternative bank or financial institution.
Credit Card Debt
If you’re in debt using store credit cards, traditional credit cards, or private label credit cards, CuraDebt can assist you in paying it off.
What will it cost you?
The greatest thing about CuraDebt is how the company has priced its services. They do not charge an upfront cost. You’ll only pay once you settle each of your debts.
Additionally, they do not charge high fees as well. On average, you’ll have to pay between 20 and 20% of the debt you settled with them.
In general, this type of industry can charge anywhere between 15 and 25 percentage.
In addition, customers can expect to pay off their debts in two to four years. This varies according to the amount you save per month.
They also claim that you can save up to 30% if you include their charges into your calculation.
However, the claim may vary, depending on your situation. Some customers have even talked about saving 50% to 80percent.
Benefits of using CuraDebt
Now that you have an understanding of what CuraDebt can provide, let’s explore the benefits of using CuraDebt.
First, CuraDebt only charges you once you’ve paid off your debt. Additionally they charge only 20% of the cost, whereas many companies charge 25%.
Then, if you’re done in the process of debt resolution, you could also sign up for their credit restoration program.
It’s a fantastic method to improve your credit score without going back into debt. The program is however designed differently for each person according to your personal situation.
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 investigate any violations of creditor with the help of their in-house experts.
Some disadvantages to the use of CuraDebt
We will also examine some of the negatives of CuraDebt.
Debt settlement and debt relief typically require you to stop making payments using your credit card. So if you’re trying to increase your rating on your credit, this may set you back while you’re finishing your obligations.
CureDebt also doesn’t have a mobile app available. Although they have a client website, it looks aged and simple. It’s not very intuitive and could be challenging to navigate.
In addition, they’re not accredited with an accreditation from the Better Business Bureau although they were awarded an A+ rating.
The Final Verdict
CuraDebt is a great program that lets you settle your debt without spending more for these types of services. In addition, their 20% service charge is lower than many businesses that charge a 25% fee. There aren’t any upfront fees and you’ll only have to pay the fee when your debt is finally settled.
Although they’ll give you an account that allows you to track your progress however, their website isn’t user-friendly. CuraDebt also doesn’t have an app, which could make it easier for you to monitor your performance. People’S Tax Relief
But, they do have a good support team that you can contact them not just via email but also by phone or making an e-ticket. People’S Tax Relief
If the debt is a big problem right now, we strongly recommend CuraDebt’s debt management program. Make sure you’re eligible and that the services that they provide are offered in your state.
FAQ People’S Tax Relief
How long will it take to complete the program?
The program typically takes 24 to 48 months, dependent on the size of your debt and the agreed settlement.
Can CuraDebt assist with state tax problems?
Yes, CuraDebt has a tax relief program that can help you with problems such as late payroll tax and garnishments on wages.
What should I do once I’m in the program?
You’ll need to constantly communicate with the team and make the necessary payments to pay down your debt over time.