Have your debts increased lately? Are you tired of trying various financial advice and tips but haven’t solved your problems?
Perhaps you’re here because you’ve already tried every thing.
In the majority of cases, your best option is to speak with professionals that can help you resolve the issue.
CuraDebt is among the most frequently contacted companies. A lot of people have been inquiring whether they are able to help or put you in more debt.
According to their clients, they can help you control 80% of your debt so that you can take couple of w
orries off your shoulders.
But for some people, these claims are just too good to be true.
Suppose you’re on the lookout for something that will help you resolve your debt. In this situation, CuraDebt will mostly be suggested by people. We’ll be taking a deep study of how CuraDebt works and what problems it can solve for you.
Moreover, before we end we’ll look at its advantages and drawbacks.
Before starting the review, check out this video instead for a more relaxing way watching it.
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. Afterward, you will want to read the rest of our article for a more comprehensive review of CuraDebt.
About the Company Tax Relief For School Supplies
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000 and has since become an active member of the American Fair Credit Council, the US Chamber of Commerce, and is accredited with the International Association of Professional Debt Arbitrators.
Although the service is accredited, some states have imposed restrictions on their services.
What CuraDebt do?
Assistance in settling your debt is the most well-known feature. However, they also offer other services that will help you be more financially secure.
The process begins with requesting a free online savings estimate. The service is completely confidential and they will not conduct a credit inquiry. With this savings estimate, you will discover more about options to debt-free.
The savings estimate, as mentioned before, gives you the opportunity to consider your choices regardless of whether or not you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial counselor and a support team to help you with credit arbitration in the event that you decide to enroll. Some financial advisors can help you with your debt-free journey.
After your debt settlement program is completed, CuraDebt can be the company to answer all of the calls from your creditors. They will be the ones who will negotiate what you will pay for your settlement in accordance with the state of your finances. Based on what works best for you, it could be a lump-sum settlement or a payment plan.
Moreover they will also be working with the lenders to help you enjoy better rates when you transfer money into your savings account, which is then processed to pay back creditors. The plans they offer can help you pay off the debt in 48 months.
After you’ve registered with them, they’ll give you access to your information 24/7. All you need to do is login to CuraDebts the client portal to track your progress.
Before you are able to avail their program, you’ll need to meet their eligibility requirements first. In order to be considered eligible for the program, you’ll need to meet the following criteria:
- Minimum 21 years old
- Earn a reliable income
- You must have a minimum balance of $5,000
What can they help you with?
Here are some of the ways CuraDebt can aid you.
Like their name implies, CuraDebt will assist you in dealing with debt. They are able to negotiate settlements on your behalf to settle the majority of types of debt. This includes personal loans, medical bills credit cards, and lines of credit. They can also be approached to settle any outstanding balance of business debt collection, repossessions, or collections.
They may even assist you in negotiating for back taxes and IRS debt. But, you won’t receive assistance for the majority cases, loans from the government, collateral, and utility bills. Also, they don’t cover the majority of student loans.
On the other hand, they will assist you with laws like the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find creditor violations in order to get cash settlements, if they are possible. Certain violations could lead to having your debts dismissed as well.
CuraDebt can also help you repay debt for less than the amount you own. Additionally, you can inquire about your debt during their no-cost meeting with their debt counsellor.
The best part about their program is that you’ll only have to pay for the charges after your debt has been settled. All you need to sign up for any of the plans and you’ll be able to 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 records They will also gather all the paperwork you’ll need for tax returns.
Through this program, you’ll be able to deal with various tax issues such as garnishments on wages as well as tax penalties for personal and taxation for business, back taxes, trust fund penalties, and tax lien.
There aren’t hidden fees also. They only offer flat-fee prices, which depends on the amount you’ll need to settle.
They offer different options when it comes to the settlement of your tax debt. Here are 6 options:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What kind of debt are they able to help with?
Although debt settlement is their forte, they don’t offer all kinds in debt resolution. CuraDebt only focuses on unsecured debt. They aren’t able to help you if your credit or loan is tied to an actual item.
However, if you have the following kinds of debt, they’ll make arrangements for settlements.
With CuraDebt it is expected that you will be able to settle your past-due tax debts without any problems. Moreover, this type of service is available to all 50 states if you have a debt to the IRS. They have federal tax experts to assist you with these types of issues.
CuraDebt can also help resolve the medical bills. In some cases you might even be able to pay the debt for less than you have to pay.
Private Student Loan
CuraDebt does not offer federal student loans. Still, they can help private students negotiate the student loans they are owed.
Personal loans and payday loans are also eligible as debt-settling programs. It is also possible to avail the program if you have other unsecured credit lines you obtained from a different financial institution or bank.
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 will help you pay it off.
What is the cost?
The most appealing aspect of CuraDebt is the way they’ve priced their service. They do not charge an upfront cost. Only pay when you settle each of your debts.
Additionally, they don’t have high-cost fees as well. In the average, you’ll need to pay as much as 20 percent of the debt that you settled with them.
On average, this type of industry charges between 15% and 25 percent.
Moreover, clients can expect to settle their debts within 2 to 4 years. This varies according to the amount you save per month.
They also claim you can save up to 30% when you factor in their fees in your equation.
However, the claim may differ based on your specific situation. Some clients even mentioned saving 50% to 80%.
The benefits of using CuraDebt
Once you’ve got a clearer picture of the benefits CuraDebt can provide, let’s explore the benefits of using CuraDebt.
The first is that CuraDebt only charges you once you’ve paid off your debt. Furthermore they only charge a 20% fee while many companies charge 25 percent.
Then, if you’re done in the process of debt resolution, you could also sign up for their credit restoration program.
It’s a great method to improve your credit score without going back into debt. However, the program runs in a different way for each individual dependent on the circumstances of your case.
Finally, CureDebt looks into your credit to help with settlements and negotiations. So, your debt won’t increase as time passes. They’ll also be looking into any violations of creditor using their experts in-house.
The drawbacks of the use of CuraDebt
Let’s also look into some of the disadvantages of CuraDebt.
Settlement of debt and debt relief typically require you to stop paying with . So if you’re trying to build a better standing on credit scores, you may delay you from getting rid of your credit card debt.
CureDebt doesn’t even offer a mobile application. While they do have a website that clients can access, it looks aged and simple. It’s not particularly user-friendly, and can be difficult to navigate.
Furthermore, they are not recognized by the Better Business Bureau although they received an A+ grade.
The Final Verdict
CuraDebt is a good program that lets you resolve your debt without having to spend more on these kinds of services. In addition the 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 paid off.
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 progress.
But, they do have a competent support staff and can be reached them not just via email but also via phone or making an e-ticket. Tax Relief For School Supplies
If the credit card is a major problem, then we recommend CuraDebt’s service. Just make sure that you’re eligible and that the services they offer are available in your state.
FAQ Tax Relief For School Supplies
What is the time frame to complete the program?
The average program is 24 to 48 months, dependent on the size of your debt and the agreement on the settlement.
Can CuraDebt help with tax problems in the state?
Yes, CuraDebt provides tax relief programs that can assist you with issues like delinquent taxes and garnishments of wages.
What’s the first thing I have to do once I’m in the program?
You’ll have to keep in constant contact with your team members and pay the required payments to reduce your debt over time.