Are you experiencing debt that has been piling up lately? Are you exhausted from trying other financial tips and advice but still have unsolved issues?
Perhaps you’re here because you’ve already tried every thing.
In most cases, the best option is to speak with experts who can help to resolve this issue.
CuraDebt is among the companies that get the most inquiries. Many people have been inquiring whether they are able to help or help you get 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 things off your mind.
For some, these claims are just too good to be true.
You might be looking for any solution that could help you resolve your debt. If that’s the case, CuraDebt will mostly be highly recommended by those. We’ll take a deeper study of how CuraDebt operates and what issues it could help solve.
In addition, prior to our conclusion, we’ll also look into its advantages and drawbacks.
Before beginning the review, watch this video instead if you prefer for it to be watched.
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 Pros And Cons Of Tax Relief Firms
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was founded in 2000, and is a member of 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 imposed restrictions on their services.
What can CuraDebt do?
Helping you settle your debt is one of CuraDebt’s best known feature. They also provide other services that will help you be more financially stable.
The process starts by requesting a no-cost savings estimate on the internet. It is a completely private service and won’t be conducting a credit screening. With this savings estimate you’ll discover more about options towards debt-free.
Savings estimates, which was mentioned previously, offers you an idea of your choices regardless of whether or not you’re going to keep 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 sign up. Financial advisors may be able to assist you with your debt-free journey.
After your debt settlement program is completed, CuraDebt will be the agency to take care of all the calls from your creditors. They will also be the ones who will determine conditions of the repayment depending on the condition of your finances. Depending on which works best to you, this can either be a lump sum settlement or the option of a payment plan.
Moreover they will also be working with creditors to ensure that you get better rates when you transfer money into your savings account. This, in turn, will process to pay the creditors. Their plans can help you get rid of debt in just the period of 48 months.
Once you’ve signed up with them, they’ll give you access to your data 24/7. All you need to do is log in to CuraDebts Client Portal to track your progress.
Before you can avail of the program, you’ll have to meet their eligibility requirements first. In order to be considered eligible for the program, you’ll have to be:
- Minimum 21 years old
- Have a verifiable income
- Have a minimum debt of $5,000
What can they help you?
Here are the different ways CuraDebt can aid you.
Like their name implies, CuraDebt can help you deal with your debt. They can negotiate settlements on behalf of you for most types of debt. They can help with medical bills, personal loans, credit cards and loans. They are also able to settle any outstanding amount on business debts collection, repossessions, or collections.
They may even assist you in negotiating for back taxes as well as IRS debt. However, you won’t get assistance with the majority claims, loans from the government as well as collateral and utility bills. They also don’t cover most student loans.
On the other hand, they will assist you with laws like those of 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, if they are possible. Certain violations may lead to having your debts removed as well.
CuraDebt lets you pay off debts with less than the amount you have. You can also inquire about your debt during their no-cost consult with their debt counsellor.
The most appealing aspect of their plan is that you’ll only pay the fees when your debt is paid off. All you need to sign up to some of their programs and you’ll have the ability to resolve all of your debts.
Tax Management and Relief
CuraDebt will also handle the tax liabilities you have. Once they’ve gathered all your financial records They will also gather all the necessary paperwork to file tax returns.
Through this program, you’ll be able to resolve the various types of tax problems like garnishments on wages and tax penalties, personal and business taxes, back taxes, trust fund penalties, and tax lien.
There aren’t any hidden costs neither are there hidden fees. They use only flat-fee pricing, which depends on the amount that you’ll have to pay.
They have different solutions for settling 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 are they able to help with?
Although they specialize in debt settlement, it is not their specialty but they aren’t able to provide all kinds of settlement. CuraDebt concentrates on loans that are not secured. They can’t help you if the loan or debt is linked to a physical item.
However, if you have one of the following kinds of debt, they will arrange settlements for you.
With CuraDebt the service, you’ll be able pay off taxes that are due without any problems. Furthermore, this service is offered across all 50 states, if you have a debt towards the IRS. There are federal tax experts that can help you resolve these kinds of problems.
CuraDebt can also help resolve any medical-related debt. In some cases you might even be able to pay them for less than what you are owed.
Private Student Loan
CuraDebt does not cater to Federal student loan. They can however assist private students negotiate the student loans they are owed.
Payday loans and personal loans also qualify for the debt settlement program. You can also avail of the program if you also have other unsecured credit lines that you have obtained from another financial institution or bank.
Credit Card Debt
If you are in debt through store credit cards, 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’s pricing is how they’ve priced their service. They do not charge an upfront cost. Only pay when you have paid off all of your outstanding debts.
Additionally, they don’t have high-cost costs either. On average, you’ll have to pay up to 20 percent of the debt you settled through them.
In general, this type of business can cost anywhere between 15% and 25%.
In addition, customers can expect to settle their debt from between 2 and 4 years. But, it also differs according to the amount you are able to save each month.
Additionally, they claim you can save as much as 30% when you factor in their charges into your calculation.
But this claim will also vary, depending on your situation. Some clients even mentioned saving between 50% and 80percent.
Benefits of using CuraDebt
Once you’ve got a clearer picture of the benefits CuraDebt offers, let’s explore the benefits of using CuraDebt.
In the beginning, CuraDebt will only charge you after you’ve settled your debt. Furthermore they only charge a 20% fee while most companies charge you 25 percent.
Then, if you’re done by the program for debt relief, you can enroll in their credit restoration program.
It’s a great method to improve your credit score without going into debt again. The program is however designed differently for each person according to your personal situation.
Lastly, CureDebt looks into your debt so that they can help with settlements and negotiations. It means that your debt won’t increase as time passes. They’ll also be looking into any violations by creditors with the assistance of their in-house experts.
Drawbacks of using CuraDebt
We will also examine some of the disadvantages of CuraDebt.
Settlement of debt and debt relief typically require you to stop paying with . Therefore, if you’re trying build a better rating on your credit, this might cause you to delay finishing your credit card debt.
CureDebt also doesn’t have a mobile app. Although they have a client website however, it appears old and mundane. It’s not particularly intuitive and could be difficult to navigate.
Moreover, they are still not accredited with their Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a useful program that lets you settle your debt without spending more on those types of services. In addition their 20% service fee is less expensive than the majority of firms that charge the 25% cost. There aren’t any upfront fees, and you will only be required to pay once your debt is finally settled.
Although they’ll allow you to access an account that allows you to track your progress but their website isn’t user-friendly. CuraDebt isn’t even an app, which could make it easier for you to look at your progression.
But, they do have a good support team that you can contact them not only through emails but also via phone or making an electronic ticket. Pros And Cons Of Tax Relief Firms
If the credit card is a major issue right now, we strongly recommend CuraDebt’s debt management program. Be sure to be eligible and that the services they offer are available in your state.
FAQ Pros And Cons Of Tax Relief Firms
How long does it take to complete the program?
The program typically takes between 24 and 48 months depending on the amount of your debt as well as your agreement on the settlement.
Can CuraDebt help in the fight against state tax issues?
Yes, CuraDebt has a tax relief program to assist you with issues like delinquent taxes and garnishments on wages.
What’s the first thing I have to do once I’m in the program?
You’ll have to keep in constant contact with the team and make the necessary payments to reduce the amount of debt you have over time.