Are you experiencing debt that has been increasing lately? Are you exhausted from trying various financial tips and advice but you’re still struggling with unsolved problems?
Maybe you’re here because tried everything.
In the majority of cases, the best way is to approach professionals that can help you settle this issue.
CuraDebt is among the companies that get the most inquiries. Many people are asking if they are able to help or put you in more debt.
According to their clients, they can assist you in managing 80percent of your debt so that you can finally take a few things off of your shoulders.
But for some people they believe these claims are too good to be true.
If you’re looking for something that will help you resolve your debt. In that situation, CuraDebt will mostly be recommended by people. We’ll take a deeper study of the way CuraDebt works and what problems it could help solve.
Furthermore, before we conclude our discussion, we’ll take a look at its advantages and drawbacks.
Before starting the review, you can watch this video instead for a more relaxing way watching it.
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 our article for a more comprehensive review.
About the Company Tax Debt Relief Center
CuraDebt is a debt relief company from Hollywood, Florida. It was established in 2000, and is an active 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, some states have limited their access to their services.
What CuraDebt do?
Assistance in settling your debt is the most well-known feature. They also provide other services that will aid you in becoming more financially stable.
First of all, it begins with requesting a free online savings estimate. It is a completely private service and they will not be doing a credit check. With this savings estimate you’ll be able to discover more about other options in your journey to be debt-free.
Savings estimates, as we’ve mentioned before, gives you an insight into your options regardless of whether or not you’re planning on using CuraDebt.
CuraDebt will provide you with a financial counselor and a team of support to assist you with the process of credit arbitration should you choose to join. Financial advisors may be able to assist you in your debt-free journey.
After your debt settlement program, CuraDebt will be the one to take care of all your creditor’s calls. They will also be the ones that will negotiate what you will pay for your settlement based on the status of your finances. In determining which option is the most effectively your situation, the payment can be a lump-sum settlement or 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. This, in turn, will be processed to pay the creditors. Their plans can help you get rid of debt in just 48 months.
Once you’ve signed up with them, they will allow you access to your account information 24 hours a day. All you have to do is login to CuraDebts Client Portal to monitor your development.
Before you can avail of the program, you’ll have to satisfy their criteria first. For eligibility, you’ll have to meet the following requirements:
- At least 21 years old
- Verifiable income
- Minimum debt must be $5,000
What can they assist you?
Here are the different ways CuraDebt can help you.
The name of the company suggests that CuraDebt will assist you in dealing your debt. They can negotiate settlements on behalf of you for all kinds of debt. These include personal loans, medical bills credit cards, as well as lines of credit. You can also approach them to help settle any remaining balance on business debt and collections or repossessions.
They can even help negotiate with back taxes and IRS debt. However, you won’t get assistance for the majority claims, government loans, collateral, and utility bills. Also, they don’t cover the majority of student loans.
On the other hand, they can assist you with laws like 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 possible. Certain violations may lead to having your debts dismissed as well.
CuraDebt lets you pay off debts with less than the amount you own. You can also inquire about your debt during their no-cost meeting with their debt counselor.
The best part about the program is that you will only have to pay for the charges after your debt has been settled. All you have to sign up for one of their plans, and you’ll have the ability to resolve all of your debts.
Tax Management and Relief
CuraDebt can also deal with your tax debt. Once they’ve gathered all your financial records and tax documents, they’ll also collect all the paperwork you’ll need to file tax returns.
By using this program, you will be able to solve the various types of tax problems such as wage garnishments and tax penalties, personal and business taxes and back taxes, trust fund penalties, and tax lien.
There aren’t hidden fees also. They only use flat-fee pricing and is dependent on the amount you must settle.
They offer different options for paying off your tax debt. Here are 6 options:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What types of debt can they help you with?
Although debt settlement is their forte however, they do not cater to all types of debt settlement. CuraDebt only focuses on unsecured debt. They can’t help you if your loan or debt is linked to an item that is physical.
However, if you have the following kinds of debt, they will make arrangements for settlements.
With CuraDebt it is expected that you will be able to pay tax debts that were due to be paid without difficulty. Moreover, this type of service is available to all 50 states if you owe money towards the IRS. There are tax experts from the federal government that can help you resolve the issues.
CuraDebt can also help resolve your medical debt. In some cases you might even be able to 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 loans they owe.
Personal loans and payday loans are also eligible to be eligible for debt relief programs. You may also be eligible the program if you have other unsecure credit lines you obtained from another bank or financial institution.
Credit Card Debt
If you are in debt through store credit cards as well as traditional credit cards or private label credit cards, CuraDebt can help you pay it off.
What is the cost?
The most appealing aspect of CuraDebt is how they’ve priced their service. They don’t charge an upfront fee. You’ll only pay once you settle each of your debts.
Additionally, they don’t charge high fees as well. On average, you’ll be required to pay between 20 and 20 percent of the debt that you settled with them.
On average, this type of business can cost anywhere between 15 and 25 percentage.
Moreover, clients can expect to pay off their debts in between 2 and 4 years. However, this also varies according to the amount you are able to save each month.
They also claim that you can save as much as 30% when you factor in their costs into your calculations.
However, this statement will differ based on the situation. Some clients even mentioned saving 50 to 80percent.
Advantages to using CuraDebt
Once you’ve got a clearer picture of the benefits CuraDebt can provide, let’s explore the benefits from using CuraDebt.
First, CuraDebt is only charged after you’ve settled your debt. Additionally they only charge 20% of the cost, whereas the majority of companies charge 25 percent.
Then, if you’re done with the debt settlement program you could also sign up for their credit repair program.
It’s a great option to rebuild the credit rating without having to go back into debt. However, the program runs in a different way for each individual, depending on your situation.
In the end, CureDebt looks into your debt so that they can assist with settlements and negotiations. So, your debt won’t increase over time. They’ll also be looking into any creditor violations with the assistance of their own experts.
The drawbacks of using CuraDebt
Let’s also consider some of the negatives of CuraDebt.
Settlement of debt and debt relief typically require you to cease making payments with the credit card you use. If you’re trying to improve your rating on your credit, this might set you back while you’re getting rid of your obligations.
CureDebt does not offer a mobile application. While they do have a website that clients can access but it’s aged and simple. It’s not very user-friendly, and can be difficult to navigate.
In addition, they’re not credited with the Better Business Bureau although they did receive an A+ grade.
The Final Verdict
CuraDebt is a useful program that allows you to pay off your debts without spending more on those types of services. Moreover the 20% service charge is cheaper than most businesses that charge the 25% cost. There is no upfront payment and you’ll only be required to pay once the debt is settled.
While they’ll provide you with an account to see your progress but their website isn’t user-friendly. CuraDebt does not have an app yet, which could make it easier for you to monitor your progress.
But, they do have a competent support staff and can be reached them not just via email but by phone or by making an electronic ticket. Tax Debt Relief Center
If your credit card is a major problem, then we highly recommend CuraDebt’s program. Be sure to be eligible and that the services they offer are available in your state.
FAQ Tax Debt Relief Center
How long does it take to complete the course?
The typical program lasts from 24 to 48 months, depending on the amount of your debt and the agreement on the settlement.
Can CuraDebt help in the fight against state tax issues?
Yes, CuraDebt offers a program for tax relief to aid you in dealing with problems such as delinquent payroll tax issues and garnishments of wages.
What’s the first thing I have to do after joining the program?
You’ll need to constantly communicate with your team members and make the necessary payments to reduce your debt over time.