Are you experiencing debt that has been increasing lately? Are you tired of trying other financial tips and advice but you’re still struggling with unsolved problems?
Maybe you’re here because you’ve already tried everything.
In the majority of cases, the most effective approach is to talk to experts who can help you settle this issue.
CuraDebt is one of the companies that get the most inquiries. A lot of customers have asked if they can assist you or put you into more debt.
According to their customers, they can help you control 80percent of your debts so that you can finally take a couple of things off your mind.
However, for certain people the claims seem too good to be true.
If you’re looking for any solution that could help you resolve your debt. If that’s the scenario, CuraDebt will mostly be highly recommended by those. We’ll take a deeper look at how CuraDebt is used and the problems it can solve for you.
Furthermore, before we conclude 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 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 overview. After, you’ll want to read the rest of our article for a more comprehensive review.
About the Company Salary Sacrifice Tax Relief
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000 and has been a member of the American Fair Credit Council, the US Chamber of Commerce, and is accredited with the International Association of Professional Debt Arbitrators.
While it is accredited, some states have imposed restrictions on their services.
What can CuraDebt do?
Helping you pay off your debt is one of CuraDebt’s best known feature. But they offer other services that will assist you in becoming financially stable.
First of all, it starts by requesting a no-cost savings estimate online. The service is completely confidential, and they won’t conduct a credit inquiry. With this savings estimate you’ll be able to be able to learn more about the options towards debt-free.
Savings estimates, as mentioned before, gives you the opportunity to consider your choices regardless of whether you’re planning to continue 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 in your debt-free journey.
Following your debt settlement program is completed, CuraDebt can be the one to handle all of your creditors’ calls. They will also be the ones who will negotiate the terms of your settlement based on the status of your finances. In determining which option is the most effectively your situation, the payment can either be a lump sum settlement or an installment plan.
Moreover, they will be working with creditors to ensure that you get better rates when you make deposits to your savings account, which in turn, will be processed to pay off the creditors. Their programs can assist you to pay off the debt in the period of 48 months.
After you’ve registered with them, they’ll give you access to your data 24/7. All you need to do is login to CuraDebts the client portal to track your development.
Before you can avail of the program, you’ll have to meet their eligibility requirements first. To be eligible, you’ll have to be:
- Minimum 21 years old
- Have a verifiable income
- Have a minimum debt of $5,000
What are they able to assist you?
Here are the various ways CuraDebt can help you.
As their name suggests, CuraDebt can help you deal with debt. They are able to negotiate settlements on behalf of you for the majority of types of debt. These include medical bills, personal loans credit cards as well as loans. You can also approach them to pay off any remaining balance on business debt collection, repossessions, or collections.
They may also assist in negotiating for back taxes as well as IRS debt. But, you won’t receive assistance with the majority cases, loans from the government, collateral, and utility bills. They also don’t cover most student loans.
On the other hand, they will help you use laws like 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, if they are possible. Some violations can also result in having your debts removed as well.
CuraDebt also allows you to pay off debts with less than the amount you own. You can also inquire about your debt during their no-cost consult with their debt advisor.
The greatest benefit of their plan is that you only be charged when your debt is paid off. All you need to sign up to any of the plans, and you’ll be able settle each of your debts.
Tax Management and Relief
CuraDebt can also deal with your tax debt. Once they collect all of your financial documents and tax documents, they’ll also collect all the necessary paperwork for tax returns.
Through this program, you should be able to resolve various tax issues such as wage garnishments as well as tax penalties for personal and business taxes as well as back taxes, trust fund penalties, and tax lien.
There aren’t any hidden costs either. They only offer flat-fee prices that is based on the amount you’ll need to settle.
They have different solutions in settling taxes. 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 help you with?
Although they specialize in debt settlement, it is not their specialization but they aren’t able to provide all kinds of settlement. CuraDebt concentrates on debt that is not secured. They can’t assist you if your loan or debt is linked to an actual item.
If you do have one of the following kinds of debt, they will arrange settlements for you.
With CuraDebt the service, you’ll be able to pay tax debts that were due to be paid without difficulty. Furthermore, this service is accessible across all 50 states, if you owe money towards the IRS. There are tax experts from the federal government to assist you with the issues.
CuraDebt will also help you resolve any medical-related debt. In certain cases you could even settle the debt for less than you are owed.
Private Student Loan
CuraDebt does not offer federal student loans. However, they can assist private students in negotiating any loans they are owed.
Personal and payday loans are also eligible as debt-settling programs. You may also be eligible if you have other unsecured credit lines that you have obtained from an alternative financial institution or bank.
Credit Card Debt
Whether you have debt with store credit cards or traditional credit cards and private-label credit cards CuraDebt will help you pay it off.
How much will it cost?
The greatest thing about CuraDebt is how they’ve priced their service. They do not charge an upfront cost. The only time you pay is when you settle each of your outstanding debts.
Additionally, they do not charge high charges either. On average, you’ll be required to pay up to 20 percent of the debt that you settled with them.
On average, this type of business can cost anywhere from 15% to 25 percent.
Moreover, clients can expect to pay off their debts in 2 to 4 years. This varies depending on the amount that you save per month.
Additionally, they claim that you can save as much as 30% if you include their charges into your calculation.
However, this statement will vary, depending on the situation. Some customers have even talked about saving 50 to up to 80%.
Benefits of using CuraDebt
Now that you have a clearer picture of what CuraDebt offers, let’s explore the benefits of using CuraDebt.
The first is that CuraDebt is only charged after you’ve settled your debt. Furthermore they charge only 20% of the cost, whereas most companies charge you 25%.
If you’re finished by the program for debt relief you may join their credit repair program.
It’s a fantastic method to improve your credit without having to go back into debt. However, the program lasts differently for each person, depending on your situation.
Finally, CureDebt looks into your credit to assist with settlements and negotiations. It means that the amount you owe won’t rise as time passes. They’ll also look into any violations by creditors using their own experts.
Drawbacks of using CuraDebt
We will also examine some of the disadvantages of CuraDebt.
Debt relief and debt settlements usually require that you cease making payments with your credit card. So if you’re trying to build a better standing on credit scores, you might cause you to delay finishing your debt.
CureDebt also doesn’t offer a mobile application. Although they have a client website, it looks old and mundane. It’s not particularly intuitive and could be difficult to navigate.
In addition, they’re not credited with an accreditation from the Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a good program that lets you resolve your debt without having to spend more for these types of services. In addition the 20% service cost is lower than many firms that charge a 25% fee. There is no upfront payment and you’ll only have to pay the fee when the debt is paid off.
While they’ll provide you with an account to see your progress however, their website isn’t user-friendly. CuraDebt also doesn’t have an app, which would make it easier to track your performance.
However, they have a competent support staff, and you can reach them not just via email but also by phone or making an electronic ticket. Salary Sacrifice Tax Relief
If credit card is a major problem right now, we highly recommend CuraDebt’s program. Just make sure that you’re eligible and that the services that they provide are offered in your area.
FAQ Salary Sacrifice Tax Relief
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 and the agreement on the settlement.
Can CuraDebt aid with state tax problems?
It is true that CuraDebt offers a program for tax relief that will help you with problems such as late payroll taxes and wage garnishments.
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 pay the required payments to pay down the amount of debt you have over time.