Have your debts increased lately? Are you tired of trying different financial tips and advice but still have unsolved issues?
Maybe you’re here because been through everything.
In the majority of cases, the best way is to approach experts who can help you settle this issue.
CuraDebt is one of the most frequently contacted companies. A lot of customers have asked if they are able to help or put you in more debt.
According to their clients, they can help you control 80% of your debt so that you can take few things off of your mind.
However, for certain people, these claims are just too good to be true.
You might be looking for something that will assist you in paying off your debt. In that situation, CuraDebt will mostly be suggested by people. We’ll be taking an in-depth review of the way CuraDebt works and what problems it could help solve.
In addition, prior to our conclusion, we’ll also look into its benefits and drawbacks.
Before you begin the review, you can check out this video instead in case you would prefer watching it.
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 overview. Afterward, you will want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company Social Investment Tax Relief Fund
CuraDebt is a debt relief company from Hollywood, Florida. It was established in 2000, and is an active participant in the American Fair Credit Council, the US Chamber of Commerce, and is accredited through the International Association of Professional Debt Arbitrators.
Although the service is accredited, certain states have restricted their services.
What CuraDebt do?
Assistance in settling your debt is CuraDebt’s most well-known feature. However, they also offer additional services to assist you in becoming financially stable.
First of all, it begins with requesting a free savings estimate on the internet. This service is very confidential, and they won’t be doing a credit check. With this savings estimate, you will be able to learn more about the options to debt-free.
Savings estimates, as mentioned before, gives you an idea of 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 with credit arbitration if you decide to sign up. Some financial advisors can help you with your debt-free journey.
After your debt settlement program, CuraDebt is the one to handle all of your creditor’s calls. They will be the ones who negotiate the terms of your settlement in accordance with the state of your finances. Based on what works best to you, this could be a lump-sum settlement or the option of a payment plan.
Furthermore they will be working with the creditors to ensure that you have better rates as you transfer money into your savings account, which in turn, will process to pay off creditors. The plans they offer can help you get rid of debt in just two years.
Once you’ve signed up with them, they’ll give you access to your account information 24 hours a day. All you have to do is sign in to CuraDebts Client Portal so that you can monitor your performance.
Before you can benefit from the program, you’ll have to meet their eligibility requirements first. For eligibility, you’ll need to meet the following criteria:
- At least 21 years old
- Have a verifiable income
- Minimum debt must be $5,000
What are they able to assist you?
Here are the different ways CuraDebt can aid you.
As their name suggests, CuraDebt can assist you in dealing your debt. They can negotiate settlements on your behalf for all kinds of debt. This includes medical bills, personal loans, credit cards as well as line of credit. They are also able to pay off any remaining 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 support for most cases, government loans, collateral, and utility bills. The same goes for student loans.
On the other hand, they can help you use laws like the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find the violations of creditors to ensure that you receive cash settlements, if possible. Certain violations could result in having your debts removed as well.
CuraDebt also allows you to pay off debts with less than the amount you own. They also allow you to inquire about your debt during their no-cost consultation with their debt advisor.
The greatest benefit of the program is that you will only have to pay for the charges when your debt is paid off. All you need to sign up to one of their plans, and you’ll have the ability to settle each of your debts.
Tax Management and Relief
CuraDebt can also help you with the tax liabilities you have. After they have gathered all your financial records and tax documents, they’ll also collect all the paperwork you’ll need to file tax returns.
With this program, you’ll be able to resolve different types of taxes like garnishments on wages as well as tax penalties for personal and corporate taxes, back taxes, trust fund penalties, and tax lien.
There aren’t any hidden costs also. They only use flat-fee pricing that is based on the amount you have to pay.
They have different solutions when it comes to the settlement of taxes. Here are 6 options:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What kinds of debts can they assist you with?
Although debt settlement is their forte but they aren’t able to cater to all types of settlement. CuraDebt only focuses on loans that are not secured. They can’t help you if your credit or loan is tied to a physical item.
However, if you have the following kinds of debt, they’ll arrange settlements for you.
With CuraDebt, you should be able pay off tax debts that were due to be paid without difficulty. Furthermore, this service is offered across all 50 states, if you owe money towards the IRS. There are tax experts from the federal government to assist you with these kinds of problems.
CuraDebt can also help resolve the medical bills. In some instances you could even settle them for less than what you have to pay.
Private Student Loan
CuraDebt does not cater to Federal student loan. However, they can assist private students with negotiating any loans they are owed.
Personal loans and payday loans are also eligible as debt-settling programs. You can also avail of the program if you also have other unsecured credit lines that you have obtained from a different bank or financial institution.
Credit Card Debt
If you are in debt through store credit cards as well as traditional credit cards and private-label credit cards CuraDebt can assist you in paying it off.
What will it cost you?
The greatest thing about 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 outstanding debts.
Additionally, they don’t have high-cost fees as well. On average, you’ll have to pay up to 20 percent of the debt you settled with them.
In the average, this kind of business can cost anywhere from 15% to 25%.
Moreover, clients can expect to pay off their debts in 2 to 4 years. This varies in relation to the amount you are able to save each month.
Also, they claim that you can save up to 30% if you include their fees in your equation.
However, this statement will differ based on the situation. Some customers have even talked about saving between 50% and 80percent.
Benefits of using CuraDebt
Now that you have a clearer picture of the benefits CuraDebt can offer you let’s explore the benefits of using CuraDebt.
In the beginning, CuraDebt will only charge you after you’ve settled your debt. Furthermore they charge only a 20% fee while the majority of companies charge 25 percent.
Then, if you’re done by the program for debt relief, you can join their credit repair program.
It’s an excellent option to rebuild your credit score without going back into debt. However, the program lasts different for every person dependent on the circumstances of your case.
Finally, CureDebt looks into your credit to assist in settlements and negotiations. This means your debt won’t increase as time passes. They’ll also be looking into any creditor violations with the help of their experts in-house.
Some disadvantages to using CuraDebt
Let’s also consider some of the drawbacks of CuraDebt.
Debt relief and debt settlements typically require you to stop paying with the credit card you use. Therefore, if you’re trying build a better credit score, it might cause you to delay getting rid of your debt.
CureDebt also doesn’t have a mobile app. Although they have a client website but it’s old and mundane. It’s not very intuitive and could be challenging to navigate.
Moreover, they are still not credited with an accreditation from the Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a useful program that will allow you to settle your debt without spending more for these types of services. Additionally the 20% service charge is cheaper than most businesses that charge a 25% fee. There is no upfront payment and you’ll only have to pay the fee when your debt is finally settled.
While they’ll provide you with an account so that you can 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 progress. Social Investment Tax Relief Fund
However, they have a good support team, and you can reach them not just via email but also via phone or making an e-ticket. Social Investment Tax Relief Fund
If your credit card is a major problem right now, we recommend CuraDebt’s service. Be sure to be eligible and that the programs that they provide are offered in your state.
FAQ Social Investment Tax Relief Fund
How long will it take to finish the program?
The program typically takes between 24 and 48 months depending on the amount of your debt and the stipulated settlement.
Can CuraDebt help in the fight against state tax issues?
Yes, CuraDebt provides tax relief programs that can aid you in dealing with problems like delinquent tax and wage garnishments.
What should I do once I’m in the program?
You’ll have to keep in constant contact with your team members and pay the required payments to lower your debt over time.