Are you experiencing debt that has been increasing lately? Are you burnt out from trying various financial tips and advice but you’re still struggling with unsolved problems?
Maybe you’re here because been through every thing.
In most cases, the most effective approach is to talk to experts who can help to resolve this issue.
CuraDebt is among the most frequently contacted companies. Many people have been inquiring whether they are able to help or put you in more debt.
According to their customers, they can help you manage 80percent of your debts so that you can finally take a couple of worries off your mind.
However, for certain people the claims seem too good to be true.
You might be looking for something that will assist you in paying off your debt. In that situation, CuraDebt will mostly be suggested by people. We’ll take a deeper look at how CuraDebt is used and the problems it could help solve.
In addition, prior to our conclusion our discussion, we’ll take a look at its benefits and drawbacks.
Before you begin the review, you can go to this video in case you would prefer 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 overview. Afterward, you’ll want to read the rest of our article for a more comprehensive review.
About the Company Tax Relief For Landlords Budget 2021
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000 and has been a member of the American Fair Credit Council, the US Chamber of Commerce, and is accredited by the International Association of Professional Debt Arbitrators.
Although the service is accredited, some states have imposed restrictions on their services.
What CuraDebt do?
Helping you settle your debt is CuraDebt’s most well-known feature. However, they also offer other services that can assist you in becoming financially stable.
It all begins with requesting a free savings estimate online. This service is very confidential and they will not be doing a credit check. By using this estimate of savings you’ll be able to learn more about your alternatives towards debt-free.
The savings estimate, as we’ve mentioned earlier, provides you with an insight into your choices regardless of whether you’re planning on using CuraDebt.
CuraDebt will provide you with a financial counselor and a support team to assist you with the process of credit arbitration should you choose to join. Some financial advisors can help you with your debt-free journey.
Following your debt settlement plan, CuraDebt will be the agency to handle all of your creditor’s calls. They’ll also be the ones who will negotiate what you will pay for your repayment depending on the condition of your finances. Based on what works most effectively for you, it can be either a lump sum settlement or an installment plan.
Moreover they will be working with the lenders to help you have better rates as you make deposits to your savings account. This in turn, will process to pay back the creditors. Their programs can assist you to settle the debt within two years.
After you’ve signed up with them, they’ll give you access to your information 24/7. All you need to do is sign in to CuraDebts the 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 have to be:
- Minimum 21 years old
- Earn a reliable income
- You must have a minimum balance of $5,000
What can they assist you with?
Here are the different ways CuraDebt can assist you.
As their name suggests, CuraDebt can assist you in dealing with debt. They can negotiate settlements on behalf of you for all kinds of debt. This includes medical bills, personal loans credit cards and loans. They are also able to pay off any remaining balance on business debt and collections or repossessions.
They may even assist you in negotiating with back taxes as well as IRS debt. However, you won’t get assistance for the majority cases, loans from the government or collateral, as well as utility bills. Also, they don’t cover the majority of student loans.
On the other hand, they can assist you with laws like 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 result in having your debts removed as well.
CuraDebt also allows you to settle debt with less than the amount you have. Additionally, you can inquire about your debt during their no-cost consultation with their debt advisor.
The best part about the program is that you will only be charged after your debt has been settled. All you have to sign up to some of their programs, and you’ll be able pay off all your debts.
Tax Management and Relief
CuraDebt will also handle taxes. After they have gathered all your financial documents, they will also collect all the necessary paperwork for tax returns.
With this program, you should be able to resolve various tax issues such as garnishments on wages as well as tax penalties for personal and corporate taxes as well as back taxes as well as trust fund penalties and tax lien.
There aren’t any hidden charges either. They only use flat-fee pricing and is dependent on the amount you have to pay.
They have different solutions for the settlement of taxes. Here are six of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What kinds of debts can they assist you with?
Although debt settlement is their forte however, they do not cater to all types of debt settlement. CuraDebt only focuses on debt that is not secured. They won’t be able to assist you if your credit or loan is tied to a physical item.
If, however, you are in the following kinds 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. Furthermore, this service is offered to all 50 states in the event that you have a debt towards the IRS. There are tax experts from the federal government to assist you with these kinds of problems.
CuraDebt will also help you resolve the medical bills. In certain cases you might even be able to pay the debt for less than you have to pay.
Private Student Loan
CuraDebt does not cater to federal student loans. Still, they can help private students in negotiating any student loans that they are owed.
Personal and payday loans are also eligible for the debt settlement program. You may also be eligible of the program if you also have other unsecured credit lines that you got from an alternative bank or financial institution.
Credit Card Debt
If you’re in debt using store credit cards or traditional credit cards or private label credit cards, 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. You’ll only pay once you settle 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% of the debt you settled with them.
In general, this type of industry charges from 15% to 25%.
Moreover, clients can expect to settle their debts within two to four years. However, this also varies according to the amount you can save up per month.
Also, they claim that you can save up to 30% when you factor in their costs into your calculations.
However, the claim may differ based on your situation. Some clients even mentioned saving between 50% and up to 80%.
The benefits of using CuraDebt
Now that you have an understanding of the benefits CuraDebt can offer you Let’s take a look at the benefits from using CuraDebt.
The first is that CuraDebt only charges you after you’ve settled your debt. Furthermore they only charge 20% of the cost, whereas the majority of companies charge 25%.
Then, if you’re done with the debt settlement program, you could also sign up for their credit restoration program.
It’s a great way to restore the credit rating without going back into debt. The program is however designed different for every person according to your personal situation.
Lastly, CureDebt looks into your credit to help with settlements and negotiations. It means that your debt won’t increase over time. They’ll also look into any violations of creditor with the assistance of their in-house experts.
The drawbacks of using CuraDebt
Let’s also consider some of the drawbacks of CuraDebt.
Settlement of debt and debt relief often require you to stop paying with your credit card. Therefore, if you’re trying build a better standing on credit scores, you might set you back while you’re working on your debt.
CureDebt does not have a mobile app. While they have a website that clients can access but it’s old and mundane. It’s not particularly user-friendly, and can be difficult to navigate.
Furthermore, they are not accredited with their Better Business Bureau although they were awarded 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 charge is lower than many companies that offer the 25% cost. There is no upfront payment and you’ll only have to pay the fee when the debt is settled.
Although they’ll allow you to access an account to see your progress however, their website isn’t easy to navigate. CuraDebt also doesn’t have an app that would make it easier to monitor your progress. Tax Relief For Landlords Budget 2021
However, they have a great support team, and you can reach them, not only via emails but also via phone or submitting an electronic ticket. Tax Relief For Landlords Budget 2021
If your credit card is a major issue right now, we recommend CuraDebt’s service. Just make sure that you’re qualified and that the services that they provide are offered in your state.
FAQ Tax Relief For Landlords Budget 2021
What is the time frame to complete the course?
The program typically takes 24 to 48 months, dependent on the size of your debt as well as your agreement on the settlement.
Can CuraDebt aid with state tax problems?
Sure, CuraDebt offers a program for tax relief that can aid you in dealing with problems such as delinquent payroll tax issues and wage garnishments.
What should I do after joining the program?
You’ll need to constantly communicate with the team and make the necessary payments to pay down your debt over time.