Have your debts been piling up lately? Are you burnt out from trying different financial advice and tips but still have unsolved issues?
Perhaps you’re here because you’ve already tried everything.
In the majority of cases, your most effective approach is to talk to professionals that can help you resolve the issue.
CuraDebt is among the most frequently contacted companies. Many people have been inquiring whether they can assist you or put you into more debt.
According to their clients they can help you manage 80percent of your debts so that you can take few things off of your plate.
However, for certain people they believe these claims are too good to be true.
You might be looking for any solution that could help you resolve your debt. In this situation, CuraDebt will mostly be suggested by people. We’ll take a deeper review of the way CuraDebt works and what problems it can help you solve.
Moreover, before we end, we’ll also look into its advantages and drawbacks.
Before you begin the review, you can go to this video if you prefer to watch it.
Otherwise, let’s begin.
Before you go on, you may want to check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick overview. Afterward, you will want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company Tax Relief Companies In Illinois
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000 and has since become a part of the American Fair Credit Council, the US Chamber of Commerce, and accredited with the International Association of Professional Debt Arbitrators.
Although the service is accredited, some states have restricted their services.
What CuraDebt do?
Helping you pay off your debt is CuraDebt’s most well-known feature. They also provide other services that will assist you in becoming financially secure.
It all begins by requesting a free savings estimate online. It is a completely private service and they will not conduct a credit inquiry. With this savings estimate you’ll discover more about alternatives towards debt-free.
This estimate of savings, which was mentioned previously, offers you an idea of your options regardless of whether or not you’re planning on using CuraDebt.
CuraDebt will assign you a financial advisor and a team of support to assist you with credit arbitration if you decide to enroll. Certain financial advisors can assist you in your debt-free journey.
After your debt settlement program is completed, CuraDebt can be the company to handle all of your creditors’ calls. They will be the ones who will determine the terms of your settlement in accordance with the state of your financial situation. In determining which option is the most effectively for you, it could be a lump-sum settlement or an installment plan.
Additionally they will be working with creditors to ensure that you have better rates as you deposit money to your savings account. This in turn, will process to pay off creditors. Their programs can assist you to settle the debt within 48 months.
After you’ve signed up with them, they’ll give you access to your information 24/7. All you need to do is log in to CuraDebts Client Portal to monitor your performance.
Before you can avail of their program, you’ll need to pass their requirements first. For eligibility, you’ll need to be:
- At least 21 years old
- Earn a reliable income
- You must have a minimum balance of $5,000
What can they help you with?
Here are the different ways CuraDebt can aid you.
Like their name implies, CuraDebt can assist you in dealing with your debt. They can negotiate settlements on behalf of you for the majority of types of debt. These include medical bills, personal loans credit cards, and lines of credit. You can also approach them to help settle any remaining balance on business debt, collections, or repossessions.
They may also assist in negotiating for back taxes as well as IRS debt. However, you won’t get support for most of your lawsuits, 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 those of the 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 could cause your debt to be also dismissed.
CuraDebt lets you pay off debts with less than the sum you have. They also allow you to ask questions during their free consult with their debt counselor.
The greatest benefit of the program is that you only pay the fees after your debt has been settled. All you need to sign up for some of their programs, and you’ll be able pay off all your debts.
Tax Management and Relief
CuraDebt can also help you 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 solve various tax issues such as wage garnishments, tax penalties, personal and corporate taxes and back taxes and trust fund penalties and tax liens.
There aren’t hidden fees either. They only use flat-fee pricing and is dependent on the amount that you’ll must settle.
They have different solutions when it comes to paying off taxes. Here are six 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 of debt settlement. CuraDebt only focuses on unsecured debt. They aren’t able to help you if your loan or debt is linked to an actual item.
If, however, you are in the following kinds of debt, they will arrange settlements for you.
With CuraDebt, you should be able to settle taxes that are due without difficulty. Furthermore, this service is accessible across all 50 states, if you owe money in arrears to IRS. There are tax experts from the federal government to assist you with the issues.
CuraDebt can also help resolve the medical bills. In some instances you might even be able to pay them for less than what you have to pay.
Private Student Loan
CuraDebt does not offer federal student loans. They can however assist private students with negotiating the student loans they have to pay.
Payday loans and personal loans are also eligible as debt-settling programs. You may also be eligible of the program if you also have other unsecured credit lines that you got from an alternative 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 can help you pay it off.
What is the cost?
The greatest thing about CuraDebt is how they’ve priced their service. They do not charge an upfront cost. The only time you pay is when you’ve paid each of your debts.
Additionally, they don’t have high-cost costs either. In the average, you’ll need to pay as much as 20% of the debt you settled with them.
In general, this type of business can cost anywhere from 15% to 25%.
Additionally, customers can anticipate to settle their debts within 2 to 4 years. But, it also differs according to the amount you can save up per month.
Also, they claim that you could save up to 30% by incorporating their costs into your calculations.
However, the claim may vary, depending on the situation. Some clients even mentioned saving 50 to up to 80%.
Advantages to using CuraDebt
Now that you have an idea of what CuraDebt can offer you Let’s take a look at the benefits of using CuraDebt.
In the beginning, CuraDebt only charges you when you’ve paid off your debt. Furthermore 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 may enroll in their credit restoration program.
It’s a great option to rebuild your credit score without going into debt again. The program is however designed differently for each person, depending on your situation.
In the end, CureDebt looks into your credit to assist with settlements and negotiations. So, your debt won’t inflate over time. They’ll also investigate any creditor violations using their own experts.
The drawbacks of using CuraDebt
Let’s also look into some of the negatives of CuraDebt.
Settlement of debt and debt relief typically require you to cease making payments with . Therefore, if you’re trying improve your rating on your credit, this might set you back while you’re working on your credit card debt.
CureDebt does not have a mobile app. While they do have a website for clients however, it appears aged and simple. It’s not particularly user-friendly, and can be difficult to navigate.
Moreover, they are still not credited with their Better Business Bureau although they did receive an A+ grade.
The Final Verdict
CuraDebt is a useful program that will allow you to settle your debt without spending more on those types of services. Moreover the 20% service charge is cheaper than most firms that charge a 25% fee. 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 to see your progress, their website is not user-friendly. CuraDebt does not have an app that would make it easier to look at your performance.
But, they do have a great support team and can be reached them not just via email but also by phone or submitting an e-ticket. Tax Relief Companies In Illinois
If your credit card is a major issue right now, we strongly recommend CuraDebt’s debt management program. Make sure you’re eligible and that the services they provide are in your state.
FAQ Tax Relief Companies In Illinois
How long will it take to complete the course?
The program typically takes between 24 and 48 months depending on the amount of your debt and the agreed settlement.
Can CuraDebt help with tax problems in the state?
It is true that CuraDebt offers a program for tax relief that can aid you in dealing with problems such as late payroll taxes and wage garnishments.
What do I need to do when I’m enrolled in the program?
You’ll be required to communicate with your team members and make the necessary payments to lower the amount of debt you have over time.