Have your debts increased lately? Are you exhausted from trying various financial tips and advice but haven’t solved your problems?
Maybe you’re here because tried every thing.
In the majority of cases, your best way is to approach experts who can help to resolve this issue.
CuraDebt is one of the most asked companies. A lot of customers have asked if they can assist you or put you in more debt.
According to their clients, they can assist you in managing 80percent of your debt , so you can take few things off of your plate.
However, for certain people the claims seem too good to be true.
If you’re looking for something that will assist you in paying off your debt. In this case, CuraDebt will mostly be highly recommended by those. We’ll be taking an in-depth look at the way CuraDebt is used and the problems it can help you solve.
In addition, prior to our conclusion we’ll look at its advantages and drawbacks.
Before you begin the review, you can watch this video instead for a more relaxing way for it to be watched.
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’ll want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company Tax Relief Definition
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000, and is an active part of the American Fair Credit Council, the US Chamber of Commerce, and has been accredited with the International Association of Professional Debt Arbitrators.
Although the service is accredited, certain states have limited their access to their services.
What CuraDebt do?
Helping you pay off your debt is the most popular feature. However, they also offer additional services to help you be more financially stable.
It all starts by requesting a no-cost online savings estimate. This service is very confidential, and they won’t be conducting a credit screening. With this savings estimate you’ll be able to be able to learn more about the alternatives to debt-free.
This estimate of savings, as mentioned previously, offers you an insight into your choices, regardless of whether you’re going to keep using CuraDebt.
CuraDebt will assign you a financial counselor and a support team to help you with credit arbitration if you decide to join. Financial advisors may be able to assist you in your debt-free journey.
Following the debt settlement program is completed, CuraDebt will be the agency to handle all of the calls from your creditors. They’ll also be the ones that will determine conditions of the repayment based on the status of your finances. Based on what works best for you, it could be either a lump sum settlement or a payment plan.
Additionally, they will be working with creditors to ensure that you have better rates as you deposit money to your savings account, which is then processed to pay creditors. Their programs can assist you to settle the debt within the period of 48 months.
After you’ve registered with them, they will provide you with access to your information 24/7. All you need to do is login to CuraDebts’ client portal so that you can monitor your performance.
Before you can avail of the program, you’ll have to pass their requirements first. To be eligible, you’ll need to meet the following requirements:
- Minimum 21 years old
- Earn a reliable income
- Minimum debt must be $5,000
What can they help you with?
Here are the various ways CuraDebt can aid you.
As their name suggests, CuraDebt will assist you in dealing your debt. They are able to negotiate settlements on your behalf for all kinds of debt. These include personal loans, medical bills credit cards and also lines of credit. You can also approach them to help settle any remaining balance on business debt, collections, or repossessions.
They can even help negotiate for back taxes as well as IRS debt. However, you will not receive assistance for the majority claims, government loans or collateral, as well as utility bills. They also don’t cover most student loans.
On the other hand, they will assist you with laws like those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find the violations of creditors to ensure that you receive cash settlements, if possible. Some violations can also cause your debt to be also dismissed.
CuraDebt also allows you to repay debt for less than the sum you have. You can also ask questions during their free consultation with their debt counsellor.
The greatest benefit of the program is that you’ll only have to pay for the charges when your debt is paid off. All you have to do is sign up with any of the plans, and you’ll be able to pay off all your debts.
Tax Management and Relief
CuraDebt will also handle your tax debt. Once they collect all of your financial records and tax documents, they’ll also collect all the documents you’ll require to file tax returns.
Through this program, you will be able to resolve the various types of tax problems such as wage garnishments and tax penalties, personal and business taxes, back taxes as well as trust fund penalties and tax lien.
There aren’t any hidden charges either. They only use flat-fee pricing that is based on the amount you’ll need to settle.
There are a variety of options when it comes to paying off taxes. 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 assist you with?
Although they specialize in debt settlement, it is not their specialization, they don’t offer all kinds in debt resolution. CuraDebt only focuses on debt that is not secured. They aren’t able to help you if your debt or loan is tied to a physical item.
If, however, you are in the following types of debt, they will arrange settlements for you.
With CuraDebt it is expected that you will be able pay off your past-due tax debts without difficulty. Moreover, this type of service is offered across all 50 states, if you have a debt towards the IRS. They have federal tax experts to assist you with the issues.
CuraDebt can also help resolve any medical-related debt. In some instances you could even settle them less than the amount you are owed.
Private Student Loan
CuraDebt does not cater to the federal government’s student loan. Still, they can help private students negotiate any loans they owe.
Payday loans and personal loans are also eligible as debt-settling programs. It is also possible to avail the program the program if you have other unsecure credit lines you obtained from a different bank or financial institution.
Credit Card Debt
If you are in debt through store credit cards, traditional credit cards, or private label credit cards, CuraDebt can help you pay it off.
What is the cost?
The greatest thing about CuraDebt’s pricing is how they’ve priced their services. They don’t charge upfront fees. The only time you pay is when you settle each of your debts.
Also, they don’t have high-cost fees as well. On average, you’ll be required to pay between 20 and 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 save per month.
Also, they claim that you could save as much as 30% when you factor in their fees in your equation.
But this claim will also depend on your specific situation. Some customers even claimed to save 50 to 80percent.
Benefits of using CuraDebt
Now that you have a clearer picture of what CuraDebt can provide, let’s look into the advantages from using CuraDebt.
The first is that CuraDebt will only charge you when you’ve paid off your debt. In addition they only charge a 20% fee while most companies charge you 25 percent.
Then, if you’re done by the program for debt relief, you could enroll in their credit repair program.
It’s a fantastic way to restore your credit without having to go in debt again. However, the program runs differently for each person, depending on your situation.
Lastly, CureDebt looks into your credit to assist in settlements and negotiations. This means your debt won’t increase as time passes. They’ll also look into any violations of creditor using their in-house experts.
Drawbacks of using CuraDebt
Let’s also look into some of the disadvantages of CuraDebt.
Settlement of debt and debt relief usually require that you stop making payments using the credit card you use. If you’re trying to increase your credit score, it might delay you from getting rid of your obligations.
CureDebt does not have a mobile app available. While they have a client website, it looks outdated and basic. It’s not very intuitive and could be difficult to navigate.
Moreover, they are still not accredited with the Better Business Bureau although they were awarded an A+ grade.
The Final Verdict
CuraDebt is a useful program that will allow you to resolve your debt without having to spend more on these kinds of services. In addition the 20% service cost is less expensive than the majority of companies that offer the 25% cost. There is no upfront payment and you’ll only have to pay when the debt is paid off.
Although they’ll allow you to access an account so that you can track your progress however, their website isn’t easy to navigate. CuraDebt does not have an app, which could make it easier for you to monitor your performance. Tax Relief Definition
They do have a good support team, and you can reach them not only through emails but also by phone or sending an e-ticket. Tax Relief Definition
If problem of debt is an problem right now, we recommend CuraDebt’s service. Make sure you’re eligible and that the programs that they provide are offered in your area.
FAQ Tax Relief Definition
How long does it take to complete the program?
The typical program lasts from between 24 and 48 months dependent on the size of your debt and the agreed settlement.
Can CuraDebt assist with state tax problems?
Sure, CuraDebt provides tax relief programs that can help you with problems like delinquent tax and garnishments on wages.
What’s the first thing I have to do when I’m enrolled in the program?
You’ll be required to communicate with your team members and pay the required payments to pay down your debt over time.