Have your debts been increasing lately? Are you exhausted from trying other financial tips and advice but still have unsolved issues?
Maybe you’re here because already tried everything.
In the majority of cases, your best option is to speak with professionals that can help you settle this issue.
CuraDebt is one of the most frequently contacted companies. Many people have been inquiring whether they can help you or put you into more debt.
According to their customers, they can help you control 80percent of your debt so that you are able to take couple of worries off your shoulders.
But for some people the claims seem too good to be true.
Suppose you’re on the lookout for something that will assist you in paying off your debt. In that scenario, CuraDebt will mostly be recommended by people. We’ll be taking an in-depth study of how CuraDebt works and what problems it can solve for you.
Furthermore, before we conclude our discussion, we’ll take a look at its benefits and drawbacks.
Before beginning the review, go to this video if you prefer for it to be watched.
Otherwise, let’s begin.
Before you go on, 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 the article for a more comprehensive review.
About the Company Self Employed Tax Relief
CuraDebt is a debt relief company from Hollywood, Florida. It was founded in 2000, and is a member of the American Fair Credit Council, the US Chamber of Commerce, and is accredited through the International Association of Professional Debt Arbitrators.
While it is accredited, certain states have restricted their services.
What CuraDebt do?
Helping you settle your debt is CuraDebt’s most well-known feature. They also provide other services that can help you be more financially stable.
First of all, it begins by requesting a free savings estimate online. It is a completely private service, and they won’t be conducting a credit screening. By using this estimate of savings, you will learn more about your other options in your journey towards debt-free.
The savings estimate, which was mentioned earlier, provides you with an idea of your options, regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will provide you with a financial counselor as well as a support team to assist you in navigating the process of credit arbitration should you choose to enroll. Certain financial advisors can assist you with your debt-free journey.
Following the debt settlement plan, CuraDebt will be the agency to handle all of the calls from your creditors. They’ll also be the ones who negotiate conditions of the payment depending on the condition of your finances. In determining which option is the best for you, it can be a lump-sum settlement or a payment plan.
Furthermore they will also work with creditors so that you can have better rates as you deposit money to your savings account. This, in turn, will be processed to pay off creditors. The plans they offer can help you settle the debt within two years.
Once you’ve signed up with them, they will allow you access to your account information 24 hours a day. All you need to do is log in to CuraDebts’ client portal so that you can monitor your performance.
Before you are able to avail their program, you’ll need to meet their eligibility requirements first. In order to be considered eligible for the program, you’ll need to meet the following criteria:
- At least 21 years old
- Have a verifiable income
- You must have a minimum balance of $5,000
What can they help you?
Here are the different ways CuraDebt can help you.
Like their name implies, CuraDebt will assist you in dealing with your debt. They can negotiate settlements on your behalf for the majority of types of debt. These include personal loans, medical bills credit cards and also line of credit. They can also be approached to pay off any remaining amount on business debts and collections or repossessions.
They can even help negotiate for back taxes and IRS debt. However, you will not receive assistance with the majority of your lawsuits, government loans, collateral, and utility bills. They also don’t cover most student loans.
On the other hand, they will 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 to ensure that you receive cash settlements, should it be possible. Some violations can also result in having your debts dismissed as well.
CuraDebt lets you repay debt for less than the sum you have. They also allow you to inquire about your debt during their no-cost consult with their debt counsellor.
The most appealing aspect of the program is that you will only be charged when your debt is paid off. All you have 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 can also deal with the tax liabilities you have. Once they collect all of your financial documentation They will also gather all the necessary paperwork to file tax returns.
With this program, you will be able to solve various tax issues like garnishments on wages and tax penalties, personal and business taxes, back taxes as well as trust fund penalties and tax lien.
There aren’t hidden fees either. They only offer flat-fee prices and is dependent on the amount that you’ll must settle.
They offer different options in settling taxes. Here are 6 options:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What kinds of debts can they help you with?
While debt settlement is their specialization but they aren’t able to cater to all types of debt settlement. CuraDebt is only focused on debt that is not secured. They aren’t able to help you if the credit or loan is tied to a physical item.
However, if you have one of the following kinds of debt, they’ll make arrangements for settlements.
With CuraDebt the service, you’ll be able pay off your past-due tax debts without any issues. Additionally, this service is available across all 50 states, if you owe money towards the IRS. They have federal tax experts that can help you resolve these types of issues.
CuraDebt will also help you resolve your medical debt. In certain cases, you may even pay the debt for less than you owe.
Private Student Loan
CuraDebt does not cater to federal student loans. Still, they can help private students negotiate any loans they have to pay.
Personal and payday loans are also eligible as debt-settling programs. It is also possible to avail the program if you have other unsecured credit lines that you got from another bank or financial institution.
Credit Card Debt
If you’re in debt using store credit cards, traditional credit cards, and private-label credit cards, CuraDebt can assist you in paying it off.
What is the cost?
The most appealing aspect of CuraDebt’s pricing is how they’ve priced their services. They don’t charge upfront fees. Only pay when you’ve paid each of your debts.
Additionally, they don’t have high-cost costs either. In the average, you’ll need to pay as much as 20% of the debt you settled through them.
In general, this type of industry can charge anywhere from 15% to 25%.
Additionally, customers can anticipate to pay off their debts in two to four years. This varies depending on the amount that you are able to save each month.
Additionally, they claim that you could save up to 30% by incorporating their charges into your calculation.
However, this statement will depend on the situation. Some customers have even talked about saving 50% to 80percent.
Advantages to using CuraDebt
Once you’ve got an understanding of the benefits CuraDebt can provide, Let’s take a look at the benefits from using CuraDebt.
The first is that CuraDebt will only charge you once you’ve paid off your debt. Furthermore they charge only an amount of 20%, while the majority of companies charge 25%.
Then, if you’re done in the process of debt resolution you may enroll in their credit restoration program.
It’s an excellent method to improve your credit score without having to go in debt again. However, the program runs in a different way for each individual according to your personal situation.
Lastly, CureDebt looks into your debt so that they can assist with settlements and negotiations. So, the amount you owe won’t rise over time. They’ll also look into any violations by creditors with the assistance of their own experts.
The drawbacks of the use of CuraDebt
We will also examine some of the drawbacks of CuraDebt.
Settlement of debt and debt relief usually require that you stop paying with . Therefore, if you’re trying build a better credit score, it could delay you from getting rid of your obligations.
CureDebt does not offer a mobile application. While they do have a website for clients, it looks old and mundane. It’s not particularly intuitive, and it can be challenging to navigate.
In addition, they’re not credited with their Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a great program that allows you to settle your debt without spending more on these kinds of services. Moreover, their 20% service fee is lower than many firms that charge an additional 25% charge. There aren’t any upfront fees, and you will only be required to pay once your debt is finally settled.
While they’ll provide you with an account to see your progress, their website is not simple to navigate. CuraDebt isn’t even an app that could make it easier for you to monitor your performance. Self Employed Tax Relief
But, they do have a great support team, and you can reach them not just via email but also via phone or sending an electronic ticket. Self Employed Tax Relief
If the debt is a big issue right now, we strongly recommend CuraDebt’s debt management program. Be sure to be eligible and that the programs they provide are in your area.
FAQ Self Employed 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 as well as your stipulated settlement.
Can CuraDebt help 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 garnishments of wages.
What should I do once I’m in the program?
You’ll be required to communicate with your team members and pay the required payments to lower the amount of debt you have over time.