Are you experiencing debt that has been increasing lately? Are you exhausted from trying various financial advice and strategies but still have unsolved issues?
Perhaps you’re here because you’ve tried everything.
In most cases, the most effective approach is to talk to experts who can assist you resolve the 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 clients, they can help you control 80percent of your debt , so you can take few things off of your shoulders.
But for some people, these claims are just too good to be true.
Suppose you’re on the lookout for something that will aid you in settling your debt. If that’s the case, CuraDebt will mostly be highly recommended by those. We’ll be taking an in-depth review of how CuraDebt operates and what issues it could help solve.
Furthermore, before we conclude we’ll look at its advantages and drawbacks.
Before starting the review, you can check out this video instead for a more relaxing way to watch it.
Otherwise, let’s begin.
Before you continue, you may want to check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick overview. Afterward, you’ll want to read the rest of our article for a more comprehensive review.
About the Company Tax Relief Act Of 1997 Extending Relief For Loss
CuraDebt is an organization that deals with debt relief in 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 by the International Association of Professional Debt Arbitrators.
Although the service is accredited, some states have imposed restrictions on their services.
What can CuraDebt do?
Helping you pay off your debt is the most well-known feature. But they offer other services that will assist you in becoming financially secure.
It all begins by requesting a free savings estimate online. This service is very confidential, and they won’t conduct a credit inquiry. By using this estimate of savings you’ll be able to be able to learn more about the alternatives to be debt-free.
Savings estimates, as mentioned before, gives you an idea of your choices regardless of whether or not you’re planning on 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 enroll. Financial advisors may be able to assist you with your debt-free journey.
Following your debt settlement plan, CuraDebt can be the agency to handle all of your creditors’ calls. They’ll also be the ones who negotiate conditions of the payment depending on the condition of your financial situation. In determining which option is the most effectively your situation, the payment can be a lump-sum settlement or the option of a payment plan.
Moreover, they will be working with the lenders to help you have better rates as you make deposits to your savings account, which in turn, will be processed to pay back the creditors. Their programs can assist you to pay off the debt in the period of 48 months.
Once you’ve signed up with them, they will provide you with access to your information 24/7. All you need to do is login to CuraDebts’ client portal to track your progress.
Before you are able to avail their program, you’ll need to meet their eligibility requirements first. To be eligible, you’ll have to be:
- At least 21 years old
- Have a verifiable income
- You must have a minimum balance of $5,000
What are they able to assist you?
Here are some of the ways CuraDebt can help you.
Like their name implies, CuraDebt will assist you in dealing with debt. They are able to negotiate settlements on your behalf to settle all kinds of debt. These include medical bills, personal loans, credit cards as well as lines of credit. They are also able to settle any outstanding amount on business debts and collections or repossessions.
They may also assist in negotiating with back taxes as well as IRS debt. However, you will not receive support for most claims, government loans or collateral, as well as utility bills. The same goes for student loans.
On the contrary, they’ll assist you with laws like the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify creditor violations to ensure that you receive cash settlements, should it be possible. Some violations can also result in having your debts also dismissed.
CuraDebt can also help you repay debt for less than the sum you have. They also allow you to inquire about your debt during their no-cost consultation with their debt advisor.
The best part about their plan is that you only be charged once your debt is settled. All you need to do is sign up with one of their plans and you’ll have the ability to settle each of your debts.
Tax Management and Relief
CuraDebt can also deal with the tax liabilities you have. Once they collect all of your financial documents and tax documents, they’ll also collect all the necessary paperwork for tax returns.
By using this program, you’ll be able to resolve the various types of tax problems like garnishments on wages as well as tax penalties for personal and taxation for business as well as back taxes, trust fund penalties, and tax lien.
There aren’t hidden fees either. They use only flat-fee pricing, which depends on the amount that you’ll have to pay.
They offer different options when it comes to the settlement of the tax debt. Here are six of them:
- 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, they don’t offer all kinds of debt settlement. CuraDebt only focuses on loans that are not secured. They aren’t able to help you if the loan or debt is linked 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 tax debts that were due to be paid without difficulty. Furthermore, this service is accessible across all 50 states, if you owe money in arrears to IRS. There are federal tax experts that can help you resolve the issues.
CuraDebt will also help you resolve the medical bills. In some cases you could even settle them for less than what you have to pay.
Private Student Loan
CuraDebt does not cater to the federal government’s student loan. However, they can assist private students in negotiating any student loans that they owe.
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 got from a different bank or financial institution.
Credit Card Debt
If you’re in debt using store credit cards, 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 the way they’ve priced their services. They do not charge an upfront cost. The only time you pay is when you’ve paid each of your outstanding debts.
They also don’t charge high charges either. On average, you’ll have to pay up to 20% of the debt you settled with them.
In general, this type of industry can charge anywhere from 15% to 25 percent.
Additionally, customers can anticipate to settle their debt from two to four years. But, it also differs in relation to the amount you are able to save each month.
Also, they claim you can save as much as 30% by incorporating their fees in your equation.
But this claim will also depend on your situation. Some customers even claimed to save 50 to 80%.
The benefits of using CuraDebt
Once you’ve got an understanding of the benefits CuraDebt can offer you Let’s take a look at the benefits that come with using CuraDebt.
First, CuraDebt only charges you after you’ve settled your debt. Furthermore they only charge a 20% fee while many companies charge 25%.
If you’re finished with the debt settlement program you may join their credit restoration program.
It’s a great option to rebuild your credit score without going back into debt. However, the program runs differently for each person dependent on the circumstances of your case.
Finally, CureDebt looks into your financial obligations to assist with settlements and negotiations. It means that your debt won’t inflate over time. They’ll also be looking into any violations by creditors with the assistance of their in-house experts.
Drawbacks of the use of CuraDebt
Let’s also consider some of the negatives of CuraDebt.
Settlement of debt and debt relief often require you to stop paying with your credit card. So if you’re trying to build a better standing on credit scores, you might set you back while you’re finishing your credit card debt.
CureDebt doesn’t even offer a mobile application. While they do have a website that clients can access however, it appears aged and simple. It’s not very user-friendly, and can be difficult to navigate.
Moreover, they are still not recognized by an accreditation from the Better Business Bureau although they received an A+ grade.
The Final Verdict
CuraDebt is a good program that allows you to pay off your debts without spending more on those types of services. Additionally the 20% service cost is cheaper than most firms that charge an additional 25% charge. There are no upfront payments, and you will only be required to pay once the debt is paid off.
Although they’ll give you an account that allows you to track your progress but their website isn’t user-friendly. CuraDebt does not have an app yet, which will make it easier to look at your progress.
They do have a great support team and can be reached them not only through emails but also by phone or making an electronic ticket. Tax Relief Act Of 1997 Extending Relief For Loss
If your credit card is a major problem, then we recommend CuraDebt’s service. Just make sure that you’re qualified and that the services they provide are in your state.
FAQ Tax Relief Act Of 1997 Extending Relief For Loss
What is the time frame to finish the program?
The program typically takes between 24 and 48 months depending on the amount of your debt as well as the agreement on the settlement.
Can CuraDebt aid with state tax problems?
Sure, CuraDebt provides tax relief programs that can aid you in dealing with problems such as delinquent payroll tax and garnishments on wages.
What’s the first thing I have to do when I’m enrolled in the program?
You’ll need to constantly communicate with your team members and make the necessary payments to reduce your debt over time.