Have your debts increased lately? Are you exhausted from trying different financial advice and tips but haven’t solved your problems?
Maybe you’re here because been through every thing.
In most cases, the best option is to speak with professionals that can help you resolve the issue.
CuraDebt is among the most frequently contacted companies. Many people have been inquiring whether they can help you or put you in more debt.
According to their customers, they can help you manage 80% of your debt so that you can finally take a couple of things off your shoulders.
However, for certain people, these claims are just too good to be true.
You might be looking for any solution that could assist you in paying off your debt. If that’s the scenario, CuraDebt will mostly be suggested by people. We’ll be taking a deep look at the way CuraDebt is used and the problems it can help you solve.
Furthermore, before we conclude, we’ll also look into its advantages and drawbacks.
Before beginning the review, you can go to this video if you prefer for it to be watched.
Otherwise, let’s begin.
Before you go on, you may want to watch 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.
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CuraDebt is a debt relief company from Hollywood, Florida. It was founded in 2000, and is a part 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, some states have imposed restrictions on their services.
What CuraDebt do?
Helping you pay off your debt is one of CuraDebt’s best well-known feature. However, they also offer other services that will assist you in becoming financially secure.
First of all, it begins by requesting a free savings estimate on the internet. The service is completely confidential and won’t be conducting a credit screening. By using this estimate of savings you’ll be able to learn more about your other options in your journey to debt-free.
This estimate of savings, which was mentioned earlier, provides you with an idea of your choices, regardless of whether you’re going to keep using CuraDebt.
CuraDebt will provide you with a financial counselor and a support team to help you with credit arbitration in the event that you decide to sign up. Some financial advisors can help you in your debt-free journey.
After your debt settlement plan, CuraDebt will be the one to take care of all your creditors’ calls. They’ll also be the ones that negotiate conditions of the payment based on the status of your finances. Depending on which works most effectively to you, this can be a lump-sum settlement or the option of a payment plan.
Furthermore, they will work with creditors to ensure that you enjoy better rates when you deposit money to your savings account. This, in turn, will be processed to pay back the creditors. Their programs can assist you to get rid of debt in just 48 months.
After you’ve signed up with them, they will give you access to your data 24/7. All you need to do is log in to CuraDebts Client Portal so that you can monitor your progress.
Before you can avail of 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 requirements:
- Minimum 21 years old
- Have a verifiable income
- Minimum debt must be $5,000
What can they assist you?
Here are some of the ways CuraDebt can help you.
The name of the company suggests that CuraDebt can assist you in dealing your debt. They can negotiate settlements on your behalf for most types of debt. These include personal loans, medical bills, credit cards as well as loans. You can also approach them to settle any outstanding amount on business debts, collections, or repossessions.
They may also assist in negotiating with back taxes and IRS debt. However, you will not receive assistance for the majority claims, government loans as well as collateral and utility bills. Also, they don’t cover the majority of 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 debtors who are in violation so that you can have cash settlements, should it be possible. Certain violations may cause your debt to be dismissed as well.
CuraDebt lets you pay off debts with less than the amount you have. You can also have questions answered during a free consultation with their debt counselor.
The greatest benefit of their program is that you’ll only pay the fees once your debt is settled. All you have to sign up to one of their plans and you’ll be able settle each of your debts.
Tax Management and Relief
CuraDebt can also help you with taxes. After they have gathered all your financial records, they will also collect all the documents you’ll require for tax returns.
By using this program, you will be able to deal with the various types of tax problems like wage garnishments and tax penalties, personal and business taxes and back taxes as well as trust fund penalties and tax lien.
There aren’t any hidden costs neither are there hidden fees. They only offer flat-fee prices, which depends on the amount you’ll have to pay.
They offer different options when it comes to settling your tax debt. 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 assist you with?
While debt settlement is their forte, they don’t cater to all types of settlement. CuraDebt concentrates on debt that is not secured. They aren’t able to help you if the loan or debt is linked to an item that is physical.
If, however, you are in the following types of debt, they will arrange settlements for you.
With CuraDebt it is expected that you will be able pay off tax debts that were due to be paid without any problems. Furthermore, this service is offered to all 50 states in the event that you have a debt to the IRS. There are federal tax experts that can help you resolve these kinds of problems.
CuraDebt can also assist in settling your medical debt. In some cases, you may even pay the debt for less than you owe.
Private Student Loan
CuraDebt does not offer Federal student loan. However, they can assist private students with negotiating any student loans that they are owed.
Payday loans and personal loans also qualify as debt-settling programs. You may also be eligible 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’re in debt using store credit cards, traditional credit cards, as well as private label credit card, CuraDebt can assist you in paying it off.
How much will it cost?
The most appealing aspect of CuraDebt’s pricing is how the company has priced its services. They don’t charge upfront fees. The only time you pay is when you have paid off all of your debts.
They also don’t charge high fees as well. On average, you’ll have to pay up to 20% of the debt you settled with them.
On average, this type of industry can charge anywhere from 15% to 25 percent.
In addition, customers can expect to settle their debts within between 2 and 4 years. This varies in relation to the amount you save per month.
They also claim you can save up to 30% if you include their costs into your calculations.
However, the claim may vary, depending on the situation. Some clients even mentioned saving 50% to up to 80%.
Advantages to using CuraDebt
Now that you have an understanding of the benefits CuraDebt offers, let’s look into the advantages that come with using CuraDebt.
The first is that CuraDebt is only charged once you’ve paid off your debt. Additionally, they only charge an amount of 20%, while most companies charge you 25%.
If you’re finished in the process of debt resolution you can enroll in their credit repair program.
It’s a great option to rebuild your credit without going into debt again. However, the program lasts differently for each person, depending on your situation.
Finally, CureDebt looks into your financial obligations to help with settlements and negotiations. This means your debt won’t increase over time. They’ll also look into any creditor violations with the assistance of their own experts.
Some disadvantages to the use of CuraDebt
We will also examine some of the disadvantages of CuraDebt.
Debt settlement and debt relief often require you to cease making payments with the credit card you use. If you’re trying to improve your standing on credit scores, you might delay you from finishing your credit card debt.
CureDebt doesn’t even have a mobile app. While they do have a client website however, it appears outdated and basic. It’s not particularly user-friendly, and can be challenging to navigate.
In addition, they’re not recognized by an accreditation from the Better Business Bureau although they were awarded an A+ rating.
The Final Verdict
CuraDebt is a good program that allows you to pay off your debts without spending more on these kinds of services. In addition their 20% service fee is lower than many businesses that charge a 25% fee. There is no upfront payment, and you will only be required to pay once the debt is settled.
Although they’ll give you an account so that you can track your progress but their website isn’t user-friendly. CuraDebt isn’t even an app that will make it easier to look at your progress.
They do have a good support team, and you can reach them not only through emails but also via phone or sending an e-ticket. State Of Texas Sales Tax Relief Due To Hurricane Harvey
If the debt is a big problem right now, we strongly recommend CuraDebt’s debt management program. Make sure you’re eligible and that the programs that they provide are offered in your state.
FAQ State Of Texas Sales Tax Relief Due To Hurricane Harvey
What is the time frame to finish the program?
The average program is between 24 and 48 months dependent on the size of your debt and the stipulated settlement.
Can CuraDebt aid with tax problems in the state?
It is true that CuraDebt provides tax relief programs that will aid you in dealing with problems such as delinquent payroll taxes and wage garnishments.
What should I 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.