Are you experiencing debt that has been increasing lately? Are you burnt out from trying different financial tips and advice but still have unsolved issues?
Perhaps you’re here because you’ve been through everything.
In the majority of cases, your best option is to speak with professionals that can help you settle this issue.
CuraDebt is among the most frequently contacted companies. A lot of people are asking if they are able to help or put you into more debt.
According to their clients, they can help you control the majority of your debt so that you can take couple of things off your plate.
But for some people they believe these claims are too good to be true.
Suppose you’re on the lookout for something that will help you resolve your debt. In this situation, CuraDebt will mostly be suggested by people. We’ll be taking an in-depth study of the way CuraDebt works and what problems it can help you solve.
Furthermore, before we conclude we’ll look at its advantages and drawbacks.
Before beginning 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 check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick review. After, you will want to read the rest of our article for a more comprehensive review.
About the Company Tax Relief Center Bbb
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was established in 2000 and has been a part of the American Fair Credit Council, the US Chamber of Commerce, and has been accredited with the International Association of Professional Debt Arbitrators.
While it is accredited, some states have restricted their services.
What can CuraDebt do?
Assistance in settling your debt is one of CuraDebt’s best well-known feature. However, they also offer other services that will assist you in becoming financially stable.
The process begins by requesting a free online savings estimate. It is a completely private service and won’t conduct a credit inquiry. With this savings estimate you’ll be able to learn more about the alternatives towards debt-free.
This estimate of savings, which was mentioned previously, offers you an insight into your choices regardless of whether or not you’re planning on using CuraDebt.
CuraDebt will provide you with a financial counselor and a support team to assist you with credit arbitration in the event that you decide to sign up. Some financial advisors can help you with your debt-free journey.
Following the debt settlement plan, CuraDebt can be the company to handle all of the calls from your creditors. They’ll also be the ones that will determine the terms of your payment based on the status of your financial situation. Based on what works most effectively your situation, the payment can be either a lump sum settlement or an installment plan.
Furthermore they will be working with creditors so that you can have better rates as you deposit money to your savings account, which in turn, will be processed to pay off the creditors. Their programs can assist you to settle the debt within the period of 48 months.
Once you’ve signed up with them, they will allow you access to your data 24/7. All you need to do is sign in to CuraDebts Client Portal to monitor your development.
Before you can benefit from the program, you’ll have to meet their eligibility requirements first. For eligibility, you’ll need to meet the following criteria:
- At least 21 years old
- Have a verifiable income
- You must have a minimum balance of $5,000
What can they help you?
Here are the various ways CuraDebt can assist you.
As their name suggests, CuraDebt can help you deal your debt. They can negotiate settlements on behalf of you for most types of debt. These include personal loans, medical bills credit cards and lines of credit. 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 claims, government loans as well as collateral and utility bills. The same goes for student loans.
On the other hand, they can assist you in navigating laws such as that of 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 in order to get cash settlements, should it be possible. Certain violations may cause your debt to be removed as well.
CuraDebt lets you pay off debts with less than the sum you have. You can also ask questions during their free consultation with their debt counsellor.
The greatest benefit of their plan is that you will only be charged once your debt is settled. All you have to do is sign up with any of the plans and you’ll be able resolve all of your debts.
Tax Management and Relief
CuraDebt can also deal with taxes. Once they’ve gathered all your financial documentation and tax documents, they’ll also collect all the documents you’ll require to file tax returns.
By using this program, you’ll be able to solve different types of taxes such as wage garnishments as well as tax penalties for personal and corporate taxes and back taxes and trust fund penalties and tax lien.
There aren’t any hidden charges neither are there hidden fees. They use only flat-fee pricing, which depends on the amount you need to settle.
They have different solutions when it comes to settling your 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 assist you with?
Although they specialize in debt settlement, it is not their specialization however, they do not offer all kinds in debt resolution. CuraDebt concentrates on debt that is not secured. They can’t help you if your debt or loan is tied to an item that is physical.
If, however, you are in one of the following kinds of debt, they will arrange settlements for you.
With CuraDebt it is expected that you will be able to pay your past-due tax debts without difficulty. Moreover, this type of service is offered to all 50 states if you have a debt to the IRS. They have federal tax experts to assist you with the issues.
CuraDebt can also assist in settling any medical-related debt. In some cases you could even settle them for less than what you have to pay.
Private Student Loan
CuraDebt doesn’t cater to federal student loans. Still, they can help private students with negotiating any student loans that they have to pay.
Payday loans and personal loans are also eligible for the debt settlement program. You can also avail of the program if you also have other unsecured credit lines that you have obtained from a different financial institution or bank.
Credit Card Debt
If you are in debt through store credit cards as well as traditional credit cards and private-label credit cards CuraDebt will help you pay it off.
What will it cost you?
The most appealing aspect of CuraDebt is how they’ve priced their service. They don’t charge upfront fees. You’ll only pay once you’ve paid each of your outstanding debts.
They also do not charge high fees as well. In the average, you’ll need to pay as much as 20 percent of the debt you settled with them.
In general, this type of business can cost anywhere between 15% and 25%.
Moreover, clients can expect to settle their debts within between 2 and 4 years. This varies according to the amount you can save up per month.
They also claim that you could save as much as 30% when you factor in their costs into your calculations.
But this claim will also differ based on your specific situation. Some clients even mentioned saving between 50% and 80percent.
The benefits of using CuraDebt
Once you’ve got an understanding of what CuraDebt can offer you Let’s take a look at the benefits that come with using CuraDebt.
First, CuraDebt only charges you when you’ve paid off your debt. Furthermore, they only charge a 20% fee while many companies charge 25%.
Then, if you’re done with the debt settlement program, you can enroll in their credit repair program.
It’s a great method to improve your credit score without going in debt again. However, the program runs differently for each person, depending on your situation.
Lastly, CureDebt looks into your debt so that they can assist with settlements and negotiations. This means your debt won’t increase over time. They’ll also look into any creditor violations with the help of their experts in-house.
The drawbacks of the use of CuraDebt
We will also examine some of the drawbacks of CuraDebt.
Settlement of debt and debt relief typically require you to stop paying with your credit card. If you’re trying to increase your rating on your credit, this might set you back while you’re finishing your obligations.
CureDebt does not have a mobile app available. While they have a client website but it’s old and mundane. It’s not very user-friendly, and can be challenging to navigate.
Furthermore, they are not credited with an accreditation from the Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a useful program that lets you settle your debt without spending more for these types of services. In addition the 20% service cost is less expensive than the majority of businesses that charge a 25% fee. There is no upfront payment and you’ll only have to pay when the debt is settled.
Although they’ll give you an account so that you can track your progress however, their website isn’t simple to navigate. CuraDebt isn’t even an app that could make it easier for you to monitor your progression.
However, they have a great support team, and you can reach them not just via email but by phone or by sending an e-ticket. Tax Relief Center Bbb
If the debt is a big problem, then we strongly recommend CuraDebt’s debt management program. Be sure to be eligible and that the programs that they provide are offered in your area.
FAQ Tax Relief Center Bbb
What is the time frame to complete the program?
The program typically takes between 24 and 48 months dependent on the size of your debt as well as the agreed settlement.
Can CuraDebt aid with state tax problems?
Sure, CuraDebt provides tax relief programs that will help you with problems such as late payroll tax issues and wage garnishments.
What do I need to do when I’m enrolled in the program?
You’ll need to constantly communicate with your team members and pay the required payments to pay down your debt over time.