Has your debt been piling up lately? Are you exhausted from trying various financial advice and tips but you’re still struggling with unsolved problems?
Maybe you’re here because you’ve already tried everything.
In the majority of cases, your most effective approach is to talk to experts who can help to resolve this issue.
CuraDebt is one of the companies that get the most inquiries. A lot of people have been inquiring whether they can assist you or put you into more debt.
According to their clients they can help you control the majority of your debts so that you are able to take couple of w
orries off your plate.
For some the claims seem too good to be true.
You might be looking for anything that can assist you in paying off your debt. If that’s the case, CuraDebt will mostly be highly recommended by those. We’ll be taking an in-depth review of the way CuraDebt operates and what issues it could help solve.
In addition, prior to our conclusion our discussion, we’ll take a look at its benefits and drawbacks.
Before beginning the review, you can go to this video in case you would prefer watching it.
Otherwise, let’s begin.
Before you continue, you may want to check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick review. After, you’ll want to read the rest of our article for a more comprehensive review.
About the Company Portland Mayor Proposes Tax Relief
CuraDebt is a debt relief company from Hollywood, Florida. It was established in 2000, and is a participant in the American Fair Credit Council, the US Chamber of Commerce, and has been accredited with the International Association of Professional Debt Arbitrators.
Although the service is accredited, certain states have limited their access to their services.
What CuraDebt do?
Helping you pay off your debt is the most well-known feature. However, they also offer additional services to help you be more financially secure.
The process starts by requesting a no-cost savings estimate online. This service is very confidential, and they won’t be conducting a credit screening. By using this estimate of savings you’ll be able to discover more about options to be debt-free.
Savings estimates, as we’ve mentioned before, gives you an idea of your options regardless of whether you’re planning on using CuraDebt.
CuraDebt will assign you a financial advisor and a support team to help you with the process of credit arbitration should you choose to sign up. Certain financial advisors can assist you on your path to debt-free living.
After your debt settlement program, CuraDebt can be the company to take care of all your creditors’ calls. They will be the ones who determine the terms of your payment in accordance with the state of your financial situation. In determining which option is the best your situation, the payment can either be a lump sum settlement or the option of a payment plan.
Furthermore they will also be working with lenders to help you have better rates as you deposit money to your savings account, which is then processed to pay off creditors. Their plans can help you get rid of debt in just two years.
After you’ve signed up with them, they will allow you access to your information 24/7. All you need to do is log in to CuraDebts the client portal so that you can monitor your development.
Before you are able to avail their program, you’ll need to satisfy their criteria first. For eligibility, you’ll have to meet the following criteria:
- At least 21 years old
- Have a verifiable income
- Have a minimum debt of $5,000
What are they able to assist you?
Here are the different ways CuraDebt can help you.
The name of the company suggests that CuraDebt will assist you in dealing with debt. They can negotiate settlements on behalf of you for the majority of types of debt. These include personal loans, medical bills credit cards and lines of credit. You can also approach them to help settle any remaining balance of business debt, collections, or repossessions.
They can even help negotiate on tax owed and IRS debt. However, you will not receive assistance for the majority of your lawsuits, loans from the government as well as collateral and utility bills. Also, they don’t cover the majority of student loans.
On the other hand, they can assist you with laws like the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find creditor violations in order to get cash settlements, if they are possible. Some violations can also lead to having your debts dismissed as well.
CuraDebt lets you pay off debts with less than the sum you have. You can also have questions answered during a free meeting with their debt counselor.
The greatest benefit of the program is that you only be charged once your debt is settled. All you need to sign up to some of their programs, and you’ll be able resolve all of your debts.
Tax Management and Relief
CuraDebt can also help you with your tax debt. After they have gathered all your financial records They will also gather all the documents you’ll require for tax returns.
With this program, you should be able to solve various tax issues such as wage garnishments and tax penalties, personal and business taxes, back taxes as well as trust fund penalties and tax liens.
There aren’t hidden fees neither are there hidden fees. They only offer flat-fee prices, which depends on the amount you must settle.
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 kind of debt are they able to help with?
Although they specialize in debt settlement, it is not their forte, they don’t provide all kinds of settlement. CuraDebt concentrates on debt that is not secured. They aren’t able to help you if the debt or loan is tied to an item that is physical.
If you do have one of the following kinds of debt, they’ll arrange settlements for you.
With CuraDebt, you should be able to pay tax debts that were due to be paid without any issues. Moreover, this type of service is available to all 50 states in the event that you owe money to the IRS. There are tax experts from the federal government to assist you with the issues.
CuraDebt can also assist in settling the medical bills. In certain cases you could even settle them less than the amount you have to pay.
Private Student Loan
CuraDebt does not offer Federal student loan. They can however assist private students with negotiating any student loans that they owe.
Payday loans and personal loans also qualify as debt-settling programs. It is also possible to avail the program of the program if you also have other unsecured credit lines that you have obtained from another bank or financial institution.
Credit Card Debt
If you’re in debt using store credit cards as well as traditional credit cards and private-label credit cards CuraDebt will assist you in paying it off.
What is the cost?
The most appealing aspect of CuraDebt is how they’ve priced their service. They do not charge an upfront cost. The only time you pay is when you’ve paid each of your debts.
They also do not charge high costs either. In the average, you’ll need to pay as much as 20% of the debt you settled through them.
In the average, this kind of business can cost anywhere from 15% to 25 percent.
Moreover, clients can expect to settle their debt from 2 to 4 years. But, it also differs according to the amount you are able to save each month.
They also claim you can save up to 30% if you include their costs into your calculations.
But this claim will also vary, depending on the situation. Some customers have even talked about saving 50% to 80%.
The benefits of using CuraDebt
Once you’ve got a clearer picture of the benefits CuraDebt can offer you Let’s take a look at the benefits of using CuraDebt.
The first is that CuraDebt only charges you after you’ve settled your debt. Additionally, they only charge a 20% fee while the majority of companies charge 25%.
Then, if you’re done in the process of debt resolution, you may enroll in their credit repair program.
It’s a great option to rebuild your credit score without going back into debt. However, the program lasts differently for each person dependent on the circumstances of your case.
Lastly, CureDebt looks into your financial obligations to assist with settlements and negotiations. This means your debt won’t inflate over time. They’ll also be looking into any creditor violations with the assistance of their in-house experts.
The drawbacks of the use of CuraDebt
We will also examine some of the disadvantages of CuraDebt.
Settlement of debt and debt relief typically require you to cease making payments with . Therefore, if you’re trying improve your standing on credit scores, you might cause you to delay getting rid of your debt.
CureDebt doesn’t even have a mobile app. While they have a client website however, it appears aged and simple. It’s not very user-friendly, and can be challenging to navigate.
Moreover, they are still not credited with an accreditation from the Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a useful program that allows you to settle your debt without spending more on those types of services. Moreover their 20% service fee is lower than many firms that charge the 25% cost. There aren’t any upfront fees and you’ll only have to pay when the debt is settled.
While they’ll provide you with an account that allows you to track your progress however, their website isn’t user-friendly. CuraDebt isn’t even an app yet, which could make it easier for you to monitor your progress.
But, they do have a great support team that you can contact them, not only via emails but also by phone or sending an e-ticket. Portland Mayor Proposes Tax Relief
If debt is a big issue right now, we highly recommend CuraDebt’s program. Be sure to be eligible and that the services they provide are in your state.
FAQ Portland Mayor Proposes Tax Relief
How long does it take to complete the program?
The average program is 24 to 48 months, dependent on the size of your debt as well as the agreed settlement.
Can CuraDebt help with tax problems in the state?
Sure, CuraDebt offers a program for tax relief that can aid you in dealing with problems such as late payroll taxes and garnishments on wages.
What should I do when I’m enrolled in the program?
You’ll need to constantly communicate with your team members and pay the required payments to reduce your debt over time.