Have your debts been piling up lately? Are you exhausted from trying different financial tips and advice but still have unsolved issues?
Maybe you’re here because been through everything.
In most cases, the best way is to approach professionals that can help you settle this issue.
CuraDebt is among the most frequently contacted companies. Many people have been inquiring whether they can assist you or put you into more debt.
According to their clients, they can help you control 80percent of your debts so that you can take few things off of your shoulders.
But for some people, these claims are just too good to be true.
You might be looking for something that will aid you in settling your debt. If that’s the case, CuraDebt will mostly be recommended by people. We’ll be taking an in-depth look at how CuraDebt operates and what issues it can help you solve.
Furthermore, before we conclude, we’ll also look into the advantages and disadvantages of this method.
Before you begin the review, go to this video if you prefer watching 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. Afterward, you will want to read the rest of the article for a more comprehensive review.
About the Company Residency Relief Act Tax Exemptino
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was founded in 2000 and has been an active part of the American Fair Credit Council, the US Chamber of Commerce, and is accredited with the International Association of Professional Debt Arbitrators.
Although the service is accredited, certain states have limited their access to their services.
What can CuraDebt do?
Helping you pay off your debt is CuraDebt’s most well-known feature. They also provide additional services to aid you in becoming more financially stable.
First of all, it begins with requesting a free savings estimate online. The service is completely confidential and won’t conduct a credit inquiry. With this savings estimate you’ll be able to learn more about your alternatives to be debt-free.
This estimate of savings, as mentioned earlier, provides you with the opportunity to consider your choices, 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 in navigating the process of credit arbitration should you choose to join. Some financial advisors can help you in your debt-free journey.
Following the debt settlement program is completed, CuraDebt is the company to take care of all your creditors’ calls. They’ll also be the ones who negotiate the terms of your settlement in accordance with the state of your financial situation. Based on what works best your situation, the payment could either be a lump sum settlement or a payment plan.
Additionally, they will work with creditors to ensure that you get better rates when you transfer money into your savings account, which in turn, will process to pay back the creditors. Their plans can help you pay off the debt in 48 months.
Once you’ve signed up with them, they will give you access to your information 24/7. All you need to do is log in to CuraDebts the client portal to monitor your performance.
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CuraDebt’s Requirements
Before you can avail of their program, you’ll need to pass their requirements first. In order to be considered eligible for the program, you’ll need to meet the following criteria:
- At least 21 years old
- Earn a reliable income
- You must have a minimum balance of $5,000
What are they able to assist you with?
Here are some of the ways CuraDebt can aid you.
Debt Relief
Like their name implies, CuraDebt will assist you in dealing your debt. They are able to negotiate settlements on your behalf for all kinds of debt. They can help with medical bills, personal loans credit cards, as well as lines of credit. They are also able to settle any outstanding balance of business debt collection, repossessions, or collections.
They may also assist in negotiating on tax owed as well as IRS debt. But, you won’t receive assistance with the majority claims, government loans, collateral, and utility bills. The same goes for student loans.
On the other hand, they can assist you in navigating laws such as those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They can also assist you in identifying debtors who are in violation so that you can have cash settlements, should it be possible. Certain violations could lead to having your debts dismissed as well.
CuraDebt lets you settle debt with less than the amount you have. You can also have questions answered during a free meeting with their debt advisor.
The greatest benefit of their program is that you will 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 to pay off all 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 collect all the necessary paperwork for tax returns.
With this program, you will be able to solve various tax issues such as wage garnishments as well as tax penalties for personal and business taxes, back taxes, trust fund penalties, and tax lien.
There aren’t hidden fees also. They use only flat-fee pricing, which depends on the amount you’ll need to settle.
They offer different options for settling the tax debt. Here are 6 options:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
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What kind of debt can they assist you with?
While debt settlement is their specialty but they aren’t able to cater to all types in debt resolution. CuraDebt is only focused on loans that are not secured. They won’t be able to assist you if your loan or debt is linked to a physical item.
If, however, you are in one of the following kinds of debt, they will negotiate settlements on your behalf.
Tax Debt
With CuraDebt the service, you’ll be able pay off tax debts that were due to be paid without any issues. Moreover, this type of service is accessible to all 50 states if you have a debt towards the IRS. They have federal tax experts who can assist you in resolving the issues.
Medical Debt
CuraDebt can also help resolve the medical bills. In some cases you might even be able to pay them for less than what you are owed.
Private Student Loan
CuraDebt does not offer Federal student loan. They can however assist private students negotiate the student loans they have to pay.
Personal Loan
Personal loans and payday loans are also eligible for the debt settlement program. You can also avail if you have other unsecured credit lines you obtained from another bank or financial institution.
Credit Card Debt
If you are in debt through store credit cards or traditional credit cards or private label credit cards CuraDebt will help you pay it off.
What will it cost you?
The most appealing aspect of CuraDebt’s pricing is how they’ve priced their service. They don’t charge an upfront fee. You’ll only pay once you have paid off all of your debts.
Additionally, they do not charge high fees as well. On average, you’ll be required to pay up to 20 percent of the debt that you settled through them.
In general, this type of industry charges between 15 and 25%.
Additionally, customers can anticipate to settle their debt from between 2 and 4 years. But, it also differs depending on the amount that you save per month.
Additionally, they claim you can save up to 30% when you factor in their fees in your equation.
However, the claim may vary, depending on the situation. Some clients even mentioned saving 50 to 80%.
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The benefits of using CuraDebt
Once you’ve got an understanding of the benefits CuraDebt offers, let’s look into the advantages of using CuraDebt.
In the beginning, CuraDebt is only charged after you’ve settled your debt. Additionally they charge only 20% of the cost, whereas the majority of companies charge 25 percent.
Next, if you’re done by the program for debt relief you could join their credit repair program.
It’s a fantastic method to improve your credit without having to go back into debt. However, the program runs different for every person, depending on your situation.
In the end, CureDebt looks into your debt so that they can assist with settlements and negotiations. This means your debt won’t inflate over time. They’ll also look into any creditor violations using their in-house experts.
Some disadvantages to using CuraDebt
Let’s also consider some of the negatives of CuraDebt.
Settlement of debt and debt relief usually require that you stop making payments using the credit card you use. So if you’re trying to increase your standing on credit scores, you might set you back while you’re working on your credit card debt.
CureDebt also doesn’t offer a mobile application. While they do have a website for clients, it looks outdated and basic. It’s not particularly intuitive and could be challenging to navigate.
In addition, they’re not accredited with their Better Business Bureau although they did receive an A+ rating.
The Final Verdict
CuraDebt is a useful program that will allow you to settle your debt without spending more on those types of services. In addition the 20% service charge is cheaper than most firms that charge an additional 25% charge. There aren’t any upfront fees, and you will only have to pay when the debt is settled.
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 yet, which will make it easier to track your progress.
But, they do have a great support team and can be reached them not only through emails but also via phone or making an electronic ticket. Residency Relief Act Tax Exemptino
If the problem of debt is an problem, then we recommend CuraDebt’s service. Be sure to be eligible and that the programs they offer are available in your state.
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FAQ Residency Relief Act Tax Exemptino
What is the time frame to finish the program?
The program typically takes 24 to 48 months, depending on the amount of your debt as well as the agreed settlement.
Can CuraDebt help with state tax problems?
It is true that CuraDebt has a tax relief program that can aid you in dealing with problems like delinquent taxes and garnishments of wages.
What’s the first thing I have to do when I’m enrolled in the program?
You’ll be required to communicate with your team members and make the necessary payments to lower the amount of debt you have over time.