Have your debts been increasing lately? Are you exhausted from trying various 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 experts who can help you resolve the issue.
CuraDebt is among the most frequently contacted companies. A lot of people are asking if they can help you or put you into more debt.
According to their clients, they can help you manage 80percent of your debt so that you can finally take a couple of things off your shoulders.
However, for certain people the claims seem too good to be true.
Suppose you’re on the lookout for anything that can assist you in paying off your debt. In that scenario, CuraDebt will mostly be suggested by people. We’ll be taking an in-depth review of the way CuraDebt works and what problems it can help you solve.
In addition, prior to our conclusion, we’ll also look into its advantages and drawbacks.
Before you begin the review, you can go to this video in case you would prefer watching it.
Otherwise, let’s begin.
Before you continue, you may want to watch this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick review. Afterward, you will want to read the rest of the article for a more comprehensive review.
About the Company Tax Relief Act Of 1997 Section 408A
CuraDebt is a debt relief company from Hollywood, Florida. It was founded in 2000 and has been a member of the American Fair Credit Council, the US Chamber of Commerce, and accredited through 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 known feature. But they offer other services that will assist you in becoming financially secure.
It all begins by requesting a free online savings estimate. It is a completely private service and they will not be doing a credit check. With this estimate of savings you’ll learn more about your other options in your journey to be debt-free.
The savings estimate, as mentioned earlier, provides you with the opportunity to consider your choices regardless of whether you’re going to keep using CuraDebt.
CuraDebt will assign you a financial counselor as well as a support team to assist you in navigating credit arbitration in the event that you decide to enroll. Certain financial advisors can assist you on your path to debt-free living.
Following your debt settlement program, CuraDebt will be the one to handle all of your creditor’s calls. They will be the ones who determine what you will pay for your payment depending on the condition of your finances. In determining which option is the most effectively your situation, the payment can be either a lump sum settlement or an installment plan.
Furthermore they will also be working with the creditors to ensure that you enjoy better rates when you make deposits to your savings account. This in turn, will process to pay back the creditors. Their plans can help you pay off the debt in the period of 48 months.
Once you’ve signed up with them, they will allow you access to your information 24/7. All you need to do is log in to CuraDebts Client Portal to track your progress.
Before you are able to avail the program, you’ll have to satisfy their criteria first. In order to be considered eligible for the program, you’ll have to meet the following criteria:
- At least 21 years old
- Earn a reliable income
- Have a minimum debt of $5,000
What can they help you with?
Here are the different ways CuraDebt can aid you.
Like their name implies, CuraDebt will assist you in dealing with debt. They can negotiate settlements on your behalf for the majority of types of debt. They can help with personal loans, medical bills, credit cards as well as line of credit. They can also be approached to settle any outstanding balance of business debt, collections, or repossessions.
They may even assist you in negotiating for 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. They also don’t cover most student loans.
On the other hand, they will help you use laws like that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify creditor violations so that you can have cash settlements, if possible. Certain violations may cause your debt to be dismissed as well.
CuraDebt can also help you settle debt with less than the amount you own. They also allow you to ask questions during their free consultation with their debt advisor.
The most appealing aspect of the program is that you will only be charged once your debt is settled. All you need to sign up to some of their programs and you’ll be able pay off all your debts.
Tax Management and Relief
CuraDebt can also help you with taxes. Once they collect all of your financial records They will also gather all the paperwork you’ll need for tax returns.
Through this program, you should be able to resolve different types of taxes such as garnishments on wages and tax penalties, personal and business taxes and back taxes as well as trust fund penalties and tax liens.
There aren’t hidden fees either. They only use flat-fee pricing, which depends on the amount you’ll need to settle.
They offer different options in settling your tax debt. Here are 6 of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What kind of debt can they help you with?
Although they specialize in debt settlement, it is not their specialty but they aren’t able to cater to all types in debt resolution. CuraDebt is only focused on loans that are not secured. They aren’t able to help you if the loan or debt is linked to an item that is physical.
However, if you have one of the following kinds of debt, they’ll make arrangements for settlements.
With CuraDebt, you should be able pay off taxes that are due without any issues. Moreover, this type of service is accessible across all 50 states, if you owe money in arrears to IRS. They have federal tax experts to assist you with these kinds of problems.
CuraDebt can also assist in settling any medical-related debt. In certain cases you could even settle them for less than what you are owed.
Private Student Loan
CuraDebt does not cater to Federal student loan. Still, they can help private students with negotiating any student loans that they owe.
Payday loans and personal loans also qualify as debt-settling programs. It is also possible to avail the program of the program if you also have other unsecured credit lines you obtained from an alternative bank or financial institution.
Credit Card Debt
If you’re in debt using store credit cards as well as traditional credit cards as well as private label credit card CuraDebt can assist you in paying it off.
What will it cost you?
The most appealing aspect of CuraDebt is how the company has priced its services. They do not charge an upfront cost. The only time you pay is when you have paid off all of your debts.
They also don’t have high-cost costs either. On average, you’ll have to pay as much as 20 percent of the debt that you settled through them.
In general, this type of industry charges between 15 and 25 percentage.
Moreover, clients can expect to settle their debts within between 2 and 4 years. But, it also differs in relation to the amount you save per month.
Additionally, they claim that you could save as much as 30% when you factor in their costs into your calculations.
However, this statement will differ based on your situation. Some customers have even talked about saving 50% to up to 80%.
Advantages to using CuraDebt
Now that you have an understanding of the benefits CuraDebt offers, Let’s take a look at the benefits that come with using CuraDebt.
The first is that CuraDebt is only charged when you’ve paid off your debt. Additionally they charge only a 20% fee while the majority of companies charge 25 percent.
Then, if you’re done in the process of debt resolution, you can join their credit repair program.
It’s a fantastic option to rebuild your credit score without going in debt again. However, the program runs differently for each person according to your personal situation.
Lastly, CureDebt looks into your credit to assist in settlements and negotiations. It means that your debt won’t inflate as time passes. They’ll also be looking into any violations by creditors with the assistance of their own experts.
Drawbacks of using CuraDebt
Let’s also consider some of the negatives of CuraDebt.
Debt settlement and debt relief often require you to stop paying with the credit card you use. Therefore, if you’re trying improve your rating on your credit, this might delay you from getting rid of your debt.
CureDebt also doesn’t have a mobile app available. While they do have a website for clients but it’s aged and simple. It’s not particularly intuitive, and it can be difficult to navigate.
Moreover, they are still not accredited with the Better Business Bureau although they did receive an A+ grade.
The Final Verdict
CuraDebt is a good program that lets you pay off your debts without spending more on these kinds of services. Additionally, their 20% service cost is less expensive than the majority of companies that offer an additional 25% charge. There are no upfront payments, and you will only have to pay the fee when your debt is finally settled.
Although they’ll allow you to access an account so that you can track your progress, their website is not simple to navigate. CuraDebt does not have an app yet, which could make it easier for you to look at your progression.
But, they do have a great support team that you can contact them, not only via emails but also by phone or making an e-ticket. Tax Relief Act Of 1997 Section 408A
If credit card is a major issue right now, we recommend CuraDebt’s service. Be sure to be qualified and that the services they offer are available in your state.
FAQ Tax Relief Act Of 1997 Section 408A
How long will it take to complete the course?
The typical program lasts from 24 to 48 months, depending on the amount of your debt and the agreed settlement.
Can CuraDebt assist with state tax problems?
Yes, CuraDebt provides tax relief programs to assist you with issues such as late payroll tax and garnishments on wages.
What should I do once I’m in the program?
You’ll need to constantly communicate with your team members and pay the required payments to reduce your debt over time.