Has your debt been increasing lately? Are you exhausted from trying different financial tips and advice but you’re still struggling with unsolved problems?
Maybe you’re here because already tried everything.
In most cases, the most effective approach is to talk to professionals that can help you resolve the issue.
CuraDebt is among the most frequently contacted companies. A lot of people are asking if they can assist you or put you into more debt.
According to their customers, they can assist you in managing the majority of your debts so that you are able to take couple of w
orries off your shoulders.
But for some people, these claims are just too good to be true.
If you’re looking for any solution that could assist you in paying off your debt. If that’s the situation, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep study of the way CuraDebt works and what problems it can help you solve.
Moreover, before we end our discussion, we’ll take a look at its benefits and drawbacks.
Before starting the review, check out this video instead for a more relaxing way for it to be watched.
Otherwise, let’s begin.
Before you go on, you may want to watch 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 For Interest Paid On Credit Cards
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000 and has since become a member of the American Fair Credit Council, the US Chamber of Commerce, and has been accredited by the International Association of Professional Debt Arbitrators.
While it is accredited, certain states have limited their access to their services.
What CuraDebt do?
Assistance in settling your debt is the most popular feature. But they offer additional services to assist you in becoming financially secure.
The process begins by requesting a free savings estimate online. It is a completely private service and won’t be doing a credit check. With this estimate of savings you’ll be able to learn more about the other options in your journey towards debt-free.
The savings estimate, which was mentioned previously, offers you an idea of your options, regardless of whether 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 sign up. Certain financial advisors can assist you on your path to debt-free living.
Following the debt settlement plan, CuraDebt is the agency to handle all of your creditors’ calls. They’ll also be the ones that determine the terms of your payment depending on the condition of your financial situation. Depending on which works most effectively for you, it could either be a lump sum settlement or a payment plan.
Additionally they will be working with the creditors to ensure that you have better rates as you transfer money into your savings account. This, is then processed to pay off the creditors. The plans they offer can help you pay off the debt in the period of 48 months.
Once you’ve signed up 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 performance.
Before you can avail of the program, you’ll have to pass their requirements first. For eligibility, you’ll need to be:
- Minimum 21 years old
- Earn a reliable income
- Have a minimum debt of $5,000
What are they able to assist you?
Here are some of the ways CuraDebt can aid you.
Like their name implies, CuraDebt can assist you in dealing with your debt. They can negotiate settlements on your behalf for most types of debt. They can help with personal loans, medical bills, credit cards as well as lines of credit. They can also be approached to settle any outstanding balance on business debt collection, repossessions, or collections.
They can even help negotiate for back taxes as well as IRS debt. However, you won’t get support for most cases, loans from the government as well as collateral and utility bills. They also don’t cover most student loans.
On the other hand, they can assist you in navigating laws such as those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They can also assist you in identifying the violations of creditors to ensure that you receive cash settlements, should it be possible. Certain violations may lead to having your debts removed 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 consultation with their debt advisor.
The most appealing aspect of the program is that you will only be charged after your debt has been settled. All you have to do is sign up with any of the plans and you’ll have the ability to settle each of your debts.
Tax Management and Relief
CuraDebt will also handle the tax liabilities you have. Once they’ve gathered all your financial records and tax documents, they’ll also collect all the paperwork you’ll need to file tax returns.
Through this program, you should be able to solve the various types of tax problems such as garnishments on wages as well as tax penalties for personal and business taxes and back taxes and trust fund penalties and tax liens.
There aren’t any hidden charges either. They use only flat-fee pricing that is based on the amount you have to pay.
There are a variety of options for the settlement of your 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 kind of debt are they able to help with?
Although they specialize in debt settlement, it is not their specialty, they don’t provide all kinds of settlement. CuraDebt only focuses on unsecured debt. They won’t be able to assist you if your credit or loan is tied to an actual item.
If you do have the following types of debt, they will negotiate settlements on your behalf.
With CuraDebt it is expected that you will be able to pay your past-due tax debts without any problems. Moreover, this type of service is accessible to all 50 states if you owe money to the IRS. There are tax experts from the federal government who can assist you in resolving the issues.
CuraDebt will also help you resolve any medical-related debt. In some instances you might even be able to pay the debt for less than you owe.
Private Student Loan
CuraDebt doesn’t cater to federal student loans. However, they can assist private students negotiate the student loans they have to pay.
Personal and payday loans are also eligible to be eligible for debt relief programs. It is also possible to avail the program the program if you have other unsecure credit lines that you have obtained from an alternative financial institution or bank.
Credit Card Debt
If you are in debt through 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’s pricing is how they’ve priced their service. They do not charge an upfront cost. Only pay when you settle each of your debts.
Also, they do not charge high fees as well. On average, you’ll be required to pay as much as 20 percent of the debt you settled through them.
In general, this type of business can cost anywhere between 15% and 25%.
In addition, customers can expect to settle their debt from between 2 and 4 years. However, this also varies according to the amount you can save up per month.
They also claim you can save as much as 30% when you factor in their fees in your equation.
But this claim will also vary, depending on your specific situation. Some customers even claimed to save between 50% and up to 80%.
Benefits of using CuraDebt
Once you’ve got a clearer picture of the benefits CuraDebt can offer you Let’s take a look at the benefits of using CuraDebt.
First, CuraDebt is only charged after you’ve settled your debt. Additionally they only charge 20% of the cost, whereas most companies charge you 25 percent.
If you’re finished by the program for debt relief you can join their credit restoration program.
It’s a fantastic method to improve your credit without going into 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 in settlements and negotiations. It means that the amount you owe won’t rise over time. They’ll also be looking into any creditor violations using their experts in-house.
Some disadvantages to the use of CuraDebt
We will also examine some of the disadvantages of CuraDebt.
Settlement of debt and debt relief typically require you to stop paying with . If you’re trying to increase your rating on your credit, this may delay you from working on your debt.
CureDebt does not offer a mobile application. While they have a client website however, it appears aged and simple. It’s not very user-friendly, and can be challenging to navigate.
Moreover, they are still not recognized by 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 their 20% service fee is cheaper than most businesses that charge a 25% fee. There are no upfront payments, and you will only be required to pay once the debt is settled.
Although they’ll give you an account that allows you to track your progress but their website isn’t simple to navigate. CuraDebt isn’t even an app, which could make it easier for you to track your performance.
They do have a competent support staff that you can contact them not only through emails but by phone or by sending an e-ticket. Tax Relief For Interest Paid On Credit Cards
If your credit card is a major problem, then we highly recommend CuraDebt’s program. Be sure to be eligible and that the programs they provide are in your area.
FAQ Tax Relief For Interest Paid On Credit Cards
How long does it take to complete the course?
The typical program lasts from 24 to 48 months, dependent on the size of your debt and the agreement on the settlement.
Can CuraDebt aid in the fight against state tax issues?
It is true that CuraDebt offers a program for tax relief that will help you with problems like delinquent taxes and garnishments on wages.
What should I do once I’m in the program?
You’ll have to keep in constant contact with the team and make the necessary payments to reduce your debt over time.