Has your debt been piling up lately? Are you burnt out from trying different financial tips and advice but haven’t solved your problems?
Maybe you’re here because you’ve been through everything.
In most cases, the best option is to speak with experts who can assist you settle this issue.
CuraDebt is one of the most asked companies. A lot of people are asking if they can help you or put you in more debt.
According to their clients they can help you manage the majority of your debts so that you are able to take couple of things off your plate.
However, for certain people they believe these claims are too good to be true.
If you’re looking for any solution that could aid you in settling your debt. In this scenario, CuraDebt will mostly be recommended by people. We’ll take a deeper study of how CuraDebt works and what problems it could help solve.
Moreover, before we end we’ll look at its advantages and drawbacks.
Before starting the review, you can go to this video in case you would prefer for it to be watched.
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 overview. After, you’ll want to read the rest of our article for a more comprehensive review of CuraDebt.
About the Company Provisions Of The 2021 Transportation Trust Fund And Tax Relief Agreement
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was established in 2000, and is an active part of the American Fair Credit Council, the US Chamber of Commerce, and accredited through the International Association of Professional Debt Arbitrators.
While it is accredited, some states have restricted their services.
What CuraDebt do?
Assistance in settling your debt is one of CuraDebt’s best known feature. However, they also offer other services that can aid you in becoming more financially secure.
First of all, it begins by requesting a free online savings estimate. It is a completely private service, and they won’t conduct a credit inquiry. By using this estimate of savings you’ll learn more about your other options in your journey to debt-free.
This estimate of savings, as we’ve mentioned earlier, provides you with an idea of your options regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial advisor as well as a support team to assist you with credit arbitration if you decide to join. Financial advisors may be able to assist you in your debt-free journey.
After your debt settlement program, CuraDebt will be the company to answer all of your creditor’s calls. They will be the ones who determine the terms of your payment in accordance with the state of your finances. In determining which option is the most effectively to you, this could either be a lump sum settlement or a payment plan.
Additionally, they will be working with the creditors to ensure that you have better rates as you make deposits to your savings account. This, in turn, will process to pay back creditors. Their plans can help you settle the debt within the period of 48 months.
After you’ve registered with them, they’ll allow you access to your data 24/7. All you need to do is sign in to CuraDebts Client Portal to monitor your progress.
Before you are able to avail their program, you’ll need to satisfy their criteria first. To be eligible, you’ll need to meet the following criteria:
- At least 21 years old
- Verifiable income
- Minimum debt must be $5,000
What can they help you?
Here are some of the ways CuraDebt can aid you.
The name of the company suggests that CuraDebt will assist you in dealing with debt. They can negotiate settlements on your behalf for the majority of types of debt. This includes personal loans, medical bills credit cards as well as lines of credit. You can also approach them to help settle any remaining balance of business debt, collections, or repossessions.
They may even assist you in negotiating with back taxes and IRS debt. But, you won’t receive support for most claims, loans from the government, collateral, and utility bills. The same goes for student loans.
On the other hand, they can help you use laws like those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find the violations of creditors so that you can have cash settlements, if possible. Certain violations could result in having your debts removed as well.
CuraDebt can also help you settle debt with less than the amount you have. Additionally, you can inquire about your debt during their no-cost meeting with their debt counsellor.
The most appealing aspect of the program is that you only be charged after your debt has been settled. All you need to sign up to any of the plans and you’ll be able to settle each of your debts.
Tax Management and Relief
CuraDebt can also help you with your tax debt. After they have gathered all your financial documentation They will also gather all the necessary paperwork for tax returns.
By using this program, you will be able to resolve various tax issues such as garnishments on wages as well as tax penalties for personal and corporate taxes and back taxes, trust fund penalties, and tax lien.
There aren’t hidden fees either. They only offer flat-fee prices and is dependent on the amount you have to pay.
They offer different options in paying off your 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 kind of debt can they assist you with?
Although they specialize in debt settlement, it is not their forte but they aren’t able to offer all kinds of settlement. CuraDebt only focuses on debt that is not secured. They aren’t able to assist you if your debt or loan is tied to a physical item.
If, however, you are in one of the following kinds of debt, they will negotiate settlements on your behalf.
With CuraDebt, you should be able pay off your past-due tax debts without difficulty. Furthermore, this service is available to all 50 states if you owe money to the IRS. There are tax experts from the federal government that can help you resolve these kinds of problems.
CuraDebt can also help resolve the medical bills. In some cases you could even settle the debt for less than you have to pay.
Private Student Loan
CuraDebt does not cater to Federal student loan. They can however assist private students negotiate the student loans they owe.
Personal loans and payday loans are also eligible to be eligible for debt relief programs. It is also possible to avail the program if you have other unsecured credit lines that you got from an alternative financial institution or bank.
Credit Card Debt
If you are in debt through store credit cards as well as traditional credit cards as well as private label credit card, CuraDebt can help you pay 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. You’ll only pay once you’ve paid each of your outstanding debts.
Additionally, they do not charge high charges either. On average, you’ll have to pay between 20 and 20% of the debt you settled through them.
On average, this type of industry can charge anywhere between 15 and 25 percent.
Moreover, clients can expect to settle their debt from between 2 and 4 years. However, this also varies in relation to the amount you can save up per month.
They also claim you can save as much as 30% by incorporating their costs into your calculations.
However, the claim may differ based on the situation. Some customers have even talked about saving between 50% and 80%.
Advantages to using CuraDebt
Now that you have an understanding of the benefits CuraDebt can provide, Let’s take a look at the benefits from using CuraDebt.
First, CuraDebt is only charged when you’ve paid off your debt. Furthermore they charge only 20% of the cost, whereas the majority of companies charge 25%.
If you’re finished with the debt settlement program you may join their credit restoration program.
It’s a fantastic method to improve your credit score without having to go in debt again. However, the program lasts differently for each person dependent on the circumstances of your case.
Lastly, CureDebt looks into your financial obligations to assist in settlements and negotiations. So, your debt won’t inflate over time. They’ll also be looking into any violations by creditors with the assistance of their in-house experts.
The drawbacks of using CuraDebt
We will also examine some of the negatives of CuraDebt.
Settlement of debt and debt relief often require you to cease making payments with your credit card. So if you’re trying to increase your credit score, it might cause you to delay working on your obligations.
CureDebt doesn’t even have a mobile app available. While they have a website for clients, it looks aged and simple. It’s not very intuitive and could be challenging to navigate.
Furthermore, they are not credited with an accreditation from the Better Business Bureau although they received an A+ grade.
The Final Verdict
CuraDebt is a good program that allows you to pay off your debts without spending more on those types of services. Additionally, their 20% service fee is lower than many businesses that charge the 25% cost. There are no upfront payments, and you will only have to pay the fee when the debt is settled.
Although they’ll allow you to access an account to see your progress however, their website isn’t easy to navigate. CuraDebt does not have an app that would make it easier to monitor your progression.
But, they do have a good support team, and you can reach them not just via email but also via phone or sending an electronic ticket. Provisions Of The 2021 Transportation Trust Fund And Tax Relief Agreement
If problem of debt is an problem right now, we highly recommend CuraDebt’s program. Be sure to be eligible and that the programs they offer are available in your area.
FAQ Provisions Of The 2021 Transportation Trust Fund And Tax Relief Agreement
What is the time frame to complete the course?
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 assist in the fight against state tax issues?
Yes, CuraDebt has a tax relief program to assist you with issues such as delinquent payroll taxes and garnishments on wages.
What’s the first thing I have to do after joining the program?
You’ll be required to communicate with your team members and make the necessary payments to reduce your debt over time.