Have your debts been piling up lately? Are you burnt out from trying various financial advice and tips but still have unsolved issues?
Maybe you’re here because already tried everything.
In most cases, the best way is to approach experts who can help you settle this issue.
CuraDebt is among the companies that get the most inquiries. Many people have been inquiring whether they are able to help or put you into more debt.
According to their clients they can help you control 80% of your debt , so you are able to take couple of w
orries off your mind.
For some, these claims are just too good to be true.
Suppose you’re on the lookout for something that will assist you in paying off your debt. In that situation, CuraDebt will mostly be recommended by people. We’ll take a deeper study of the way CuraDebt works and what problems it can help you solve.
Moreover, before we end we’ll look at its advantages and drawbacks.
Before starting the review, you can check out this video instead in case you would prefer to watch 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 overview. Afterward, you’ll want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company Tax Relief During Coronavirus
CuraDebt is a debt relief company from Hollywood, Florida. It was established in 2000 and has since become a participant in 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 restricted their services.
What can CuraDebt do?
Helping you pay off your debt is the most well-known feature. However, they also offer additional services to assist you in becoming financially secure.
First of all, it begins with requesting a free online savings estimate. The service is completely confidential and won’t be conducting a credit screening. With this estimate of savings, you will learn more about your alternatives to debt-free.
Savings estimates, as mentioned earlier, provides you with an insight into your choices regardless of whether or not you’re planning on using CuraDebt.
CuraDebt will assign you a financial counselor and a team of support to assist you in navigating credit arbitration in the event that you decide to enroll. Financial advisors may be able to assist you in your debt-free journey.
Following the debt settlement program, CuraDebt can be the company to take care of all your creditor’s calls. They will also be the ones that will determine what you will pay for your payment in accordance with the state of your financial situation. Depending on which works best for you, it could be either a lump sum settlement or an installment plan.
Moreover they will work with creditors so that you can get better rates when you deposit money to your savings account, which in turn, will be processed to pay back the creditors. Their plans can help you settle the debt within two years.
After you’ve registered with them, they’ll allow you access to your data 24/7. All you have to do is log in to CuraDebts Client Portal so that you can monitor your development.
Before you can avail of their program, you’ll need to satisfy their criteria first. For eligibility, you’ll need to meet the following criteria:
- Minimum 21 years old
- Verifiable income
- Minimum debt must be $5,000
What can they help you?
Here are some of the ways CuraDebt can help you.
Like their name implies, CuraDebt can assist you in dealing with debt. They are able to negotiate settlements on your behalf to settle most types of debt. This includes personal loans, medical bills, credit cards and also line of credit. You can also approach them to pay off any remaining balance of business debt and collections or repossessions.
They may also assist in negotiating with back taxes and IRS debt. However, you will not receive assistance for the majority of your lawsuits, government loans, collateral, and utility bills. They also don’t cover most student loans.
On the contrary, they’ll help you use laws like that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They can also assist you in identifying the violations of creditors in order to get cash settlements, if they are 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 have questions answered during a free consult with their debt counsellor.
The greatest benefit of their program is that you will only have to pay for the charges once your debt is settled. All you have to sign up to any of the plans and you’ll be able pay off all your debts.
Tax Management and Relief
CuraDebt can also deal with the tax liabilities you have. Once they’ve gathered all your financial documents and tax documents, they’ll also collect all the necessary paperwork to file tax returns.
With this program, you will be able to solve different types of taxes like wage garnishments and tax penalties, personal and corporate taxes as well as back taxes as well as trust fund penalties and tax liens.
There aren’t any hidden charges also. They only use flat-fee pricing that is based on the amount you have to pay.
They have different solutions for paying off the tax debt. Here are 6 options:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What kinds of debts are they able to help with?
Although they specialize in debt settlement, it is not their forte but they aren’t able to provide all kinds of debt settlement. CuraDebt is only focused on unsecured debt. They aren’t able to help you if your debt or loan is tied to an item that is physical.
If you do have the following kinds of debt, they’ll arrange settlements for you.
With CuraDebt it is expected that you will be able to settle tax debts that were due to be paid without any issues. Additionally, this service is offered to all 50 states if you have a debt to the IRS. There are federal tax experts that can help you resolve these kinds of problems.
CuraDebt will also help you resolve any medical-related debt. In certain cases, you may even pay them for less than what you are owed.
Private Student Loan
CuraDebt does not cater to federal student loans. However, they can assist private students in negotiating the student loans they are owed.
Payday loans and personal loans also qualify to be eligible for debt relief 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
Whether you have debt with store credit cards as well as traditional credit cards as well as private label credit card CuraDebt can help you pay it off.
What will it cost you?
The best part about CuraDebt is how they’ve priced their service. They do not charge an upfront cost. The only time you pay is when you settle each of your debts.
Additionally, they do not charge high costs either. In the average, you’ll need to pay between 20 and 20% of the debt you settled through them.
In general, this type of industry can charge anywhere from 15% to 25 percent.
Additionally, customers can anticipate to pay off their debts in between 2 and 4 years. This varies in relation to the amount you can save up per month.
Additionally, they claim that you could save as much as 30% when you factor in their costs into your calculations.
But this claim will also depend on the situation. Some customers even claimed to save 50% to 80%.
Advantages to using CuraDebt
Once you’ve got an idea of what CuraDebt offers, let’s explore the benefits from using CuraDebt.
In the beginning, CuraDebt is only charged once you’ve paid off your debt. In addition, they only charge an amount of 20%, while many companies charge 25 percent.
Next, if you’re done by the program for debt relief you may enroll in their credit repair program.
It’s a fantastic way to restore your credit without having to go into debt again. The program is however designed differently for each person, depending on your situation.
Lastly, CureDebt looks into your credit to assist with settlements and negotiations. So, your debt won’t inflate over time. They’ll also investigate any violations by creditors with the assistance of their experts in-house.
Drawbacks of the use of CuraDebt
We will also examine some of the disadvantages of CuraDebt.
Debt settlement and debt relief typically require you to cease making payments with the credit card you use. If you’re trying to improve your credit score, it may set you back while you’re getting rid of your obligations.
CureDebt does not offer a mobile application. While they do have a website for clients however, it appears aged and simple. It’s not particularly intuitive, and it can be difficult to navigate.
Furthermore, they are not credited with the Better Business Bureau although they were awarded an A+ grade.
The Final Verdict
CuraDebt is a useful program that lets you pay off your debts without spending more on these kinds of services. Moreover, their 20% service charge is lower than many firms that charge an additional 25% charge. There is no upfront payment, and you will only be required to pay once the debt is paid off.
Although they’ll allow you to access an account to see your progress but their website isn’t user-friendly. CuraDebt does not have an app yet, which would make it easier to monitor your progression.
But, they do have a good support team, and you can reach them not only through emails but also via phone or submitting an e-ticket. Tax Relief During Coronavirus
If credit card is a major issue right now, we strongly recommend CuraDebt’s debt management program. Just make sure that you’re eligible and that the programs they provide are in your state.
FAQ Tax Relief During Coronavirus
How long does it take to complete the course?
The program typically takes between 24 and 48 months dependent on the size of your debt as well as the stipulated settlement.
Can CuraDebt help with tax problems in the state?
It is true that CuraDebt offers a program for tax relief to assist you with issues such as late payroll taxes and garnishments of wages.
What should I do after joining the program?
You’ll be required to communicate with your team members and pay the required payments to reduce the amount of debt you have over time.