Have your debts been piling up lately? Are you tired of trying other financial advice and tips but haven’t solved your problems?
Maybe you’re here because you’ve already tried every thing.
In most cases, the most effective approach is to talk to experts who can help you resolve the issue.
CuraDebt is among the most asked companies. A lot of people are asking if they can assist 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 few things off of your plate.
But for some people they believe these claims are too good to be true.
If you’re looking for anything that can assist you in paying off your debt. In this situation, CuraDebt will mostly be suggested by people. We’ll be taking a deep look at how CuraDebt operates and what issues it could help solve.
Moreover, before we end our discussion, we’ll take a look at the advantages and disadvantages of this method.
Before starting the review, check out this video instead in case you would prefer for it to be watched.
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 overview. Afterward, you’ll want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company Tax Relief Back Taxes
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was founded in 2000 and has been an active participant in the American Fair Credit Council, the US Chamber of Commerce, and is accredited with the International Association of Professional Debt Arbitrators.
Although it is accredited, certain states have restricted their services.
What CuraDebt do?
Assistance in settling your debt is CuraDebt’s most popular feature. They also provide other services that will aid you in becoming more financially secure.
It all begins by requesting a free savings estimate online. It is a completely private service and they will not be doing a credit check. With this savings estimate, you will learn more about your options to be debt-free.
The savings estimate, as mentioned previously, offers you the opportunity to consider your choices regardless of whether or not you’re planning on using CuraDebt.
CuraDebt will assign you a financial counselor and a support team to assist you with credit arbitration if you decide to join. Some financial advisors can help you on your path to debt-free living.
Following the debt settlement plan, CuraDebt is the one to handle all of your creditors’ calls. They’ll also be the ones who determine the terms of your settlement based on the status of your finances. Depending on which works best for you, it can be a lump-sum settlement or the option of a payment plan.
Moreover they will work with creditors so that you can get better rates when you transfer money into your savings account, which in turn, will process to pay off the creditors. Their plans can help you get rid of debt in just the period of 48 months.
After you’ve signed up with them, they’ll provide you with access to your account information 24 hours a day. All you have to do is log in to CuraDebts Client Portal to track your development.
Before you can benefit from the program, you’ll have to satisfy their criteria first. In order to be considered eligible for the program, you’ll need to meet the following criteria:
- At least 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 aid you.
The name of the company suggests that CuraDebt will assist you in dealing your debt. They are able to negotiate settlements on behalf of you for all kinds of debt. They can help with personal loans, medical bills credit cards and loans. They are also able to settle any outstanding balance on business debt collection, repossessions, or collections.
They may also assist in negotiating for back taxes as well as IRS debt. However, you will not receive support for most cases, loans from the government or collateral, as well as utility bills. They also don’t cover most student loans.
On the contrary, they’ll assist you in navigating laws such as that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify the violations of creditors so that you can have cash settlements, if possible. Some violations can also lead to having your debts removed as well.
CuraDebt can also help you repay debt for less than the amount you own. You can also inquire about your debt during their no-cost meeting with their debt counselor.
The greatest benefit of their program is that you’ll only have to pay for the charges when your debt is paid off. All you have to sign up to any of the plans, and you’ll be able to pay off all your debts.
Tax Management and Relief
CuraDebt can also deal with your tax debt. Once they’ve gathered all your financial records, they will also collect all the documents you’ll require for tax returns.
With this program, you should be able to solve various tax issues like garnishments on wages as well as tax penalties for personal and taxation for business and back taxes as well as trust fund penalties and tax lien.
There aren’t any hidden costs also. They only offer flat-fee prices and is dependent on the amount you have to pay.
They have different solutions in settling the tax debt. Here are 6 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 assist you with?
Although debt settlement is their forte, they don’t cater to all types of settlement. CuraDebt only focuses on unsecured debt. They won’t be able to assist you if your loan or debt is linked 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 to settle your past-due tax debts without any issues. Furthermore, this service is available across all 50 states, if you owe money in arrears to IRS. There are tax experts from the federal government that can help you resolve these types of issues.
CuraDebt can also help resolve any medical-related debt. In some cases you could even settle them less than the amount you owe.
Private Student Loan
CuraDebt does not cater to the federal government’s student loan. Still, they can help private students with negotiating the student loans they have to pay.
Payday loans and personal loans are also eligible as debt-settling programs. You can also avail the program if you have other unsecure credit lines that you got from another bank or financial institution.
Credit Card Debt
Whether you have debt with store credit cards or traditional credit cards or private label credit cards, CuraDebt can help you pay it off.
How much will it cost?
The greatest thing about CuraDebt is the way 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.
Also, they don’t have high-cost fees as well. On average, you’ll be required to pay up to 20 percent of the debt you settled through them.
On average, this type of industry charges between 15 and 25%.
Additionally, customers can anticipate to settle their debt from between 2 and 4 years. However, this also varies according to the amount you are able to save each month.
Additionally, they claim you can save as much as 30% by incorporating their charges into your calculation.
However, this statement will vary, depending on your situation. Some customers have even talked about saving 50% to 80percent.
Advantages to using CuraDebt
Once you’ve got a clearer picture of what CuraDebt can offer you Let’s take a look at the benefits of using CuraDebt.
The first is that CuraDebt will only charge you once you’ve paid off your debt. In addition they charge only a 20% fee while the majority of companies charge 25%.
If you’re finished in the process of debt resolution you could also sign up for their credit repair program.
It’s a fantastic method to improve your credit without having to go back into debt. However, the program lasts different for every person, depending on your situation.
In the end, CureDebt looks into your credit to assist with settlements and negotiations. This means your debt won’t increase as time passes. They’ll also look into any violations of creditor with the help of their in-house experts.
The drawbacks of the use of CuraDebt
Let’s also look into some of the drawbacks of CuraDebt.
Debt settlement and debt relief usually require that you stop making payments using the credit card you use. Therefore, if you’re trying improve your rating on your credit, this could cause you to delay finishing your credit card debt.
CureDebt doesn’t even have a mobile app. While they do have a website that clients can access but it’s outdated and basic. It’s not particularly intuitive, and it can be difficult to navigate.
Furthermore, they are not accredited with the Better Business Bureau although they did receive an A+ rating.
The Final Verdict
CuraDebt is a great program that will allow you to settle your debt without spending more on these kinds of services. Moreover the 20% service fee is cheaper than most firms that charge a 25% fee. There aren’t any upfront fees, and you will only be required to pay once your debt is finally settled.
While they’ll provide you with an account to see your progress however, their website isn’t easy to navigate. CuraDebt does not have an app yet, which will make it easier to track your progress.
But, they do have a competent support staff that you can contact them not only through emails but also via phone or sending an e-ticket. Tax Relief Back Taxes
If your credit card is a major problem, then we recommend CuraDebt’s service. Just make sure that you’re eligible and that the programs they offer are available in your area.
FAQ Tax Relief Back Taxes
How long does it take to finish the program?
The typical program lasts from between 24 and 48 months dependent on the size of your debt and the stipulated settlement.
Can CuraDebt help with state tax problems?
Yes, CuraDebt has a tax relief program that will assist you with issues such as delinquent payroll taxes and wage garnishments.
What should I do after joining the program?
You’ll have to keep in constant contact with your team members and make the necessary payments to reduce your debt over time.