Have your debts been increasing lately? Are you exhausted from trying various financial advice and tips but you’re still struggling with unsolved problems?
Perhaps you’re here because you’ve been through everything.
In the majority of cases, your most effective approach is to talk to experts who can assist to resolve this issue.
CuraDebt is one of the companies that get the most inquiries. Many people have been inquiring whether they can help you or put you into more debt.
According to their customers, they can assist you in managing 80% of your debt so that you are able to take couple of w
orries off your plate.
However, for certain people they believe these claims are too good to be true.
Suppose you’re on the lookout for any solution that could aid you in settling your debt. In that scenario, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep study of the way CuraDebt is used and the problems it can help you solve.
Moreover, before we end our discussion, we’ll take a look at its advantages and drawbacks.
Before you begin the review, you can go to this video in case you would prefer to watch 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. After, you’ll want to read the rest of our article for a more comprehensive review.
About the Company Tax Relief For Sponsorship
CuraDebt is a debt relief company from Hollywood, Florida. It was established in 2000 and has been a part of the American Fair Credit Council, the US Chamber of Commerce, and accredited through the International Association of Professional Debt Arbitrators.
Although it is accredited, certain states have imposed restrictions on their services.
What can CuraDebt do?
Assistance in settling your debt is CuraDebt’s most well-known feature. However, they also offer other services that will help you be more financially stable.
First of all, it starts by requesting a no-cost savings estimate online. It is a completely private service and won’t be conducting a credit screening. By using this estimate of savings you’ll be able to be able to learn more about the alternatives to be debt-free.
The savings estimate, which was mentioned previously, offers you an insight into your choices regardless of whether or not you’re planning on using CuraDebt.
CuraDebt will assign you a financial advisor and a support team to assist you in navigating the process of credit arbitration should you choose to join. Financial advisors may be able to assist you in your debt-free journey.
Following the debt settlement plan, CuraDebt is the one to handle all of your creditors’ calls. They’ll be the ones who will determine the terms of your repayment depending on the condition of your financial situation. Depending on which works best for you, it can be a lump-sum settlement or an installment plan.
Additionally, they will be working with the creditors to ensure that you enjoy better rates when you make deposits to your savings account, which is then processed to pay the creditors. Their programs can assist you to settle the debt within 48 months.
After you’ve signed up with them, they will give you access to your account information 24 hours a day. All you need to do is login to CuraDebts’ client portal to monitor your performance.
Before you are able to avail the program, you’ll have to pass their requirements first. To be eligible, you’ll need to meet the following requirements:
- At least 21 years old
- Verifiable income
- You must have a minimum balance of $5,000
What can they assist you?
Here are some of the ways CuraDebt can aid you.
The name of the company suggests that CuraDebt can help you deal your debt. They are able to negotiate settlements on behalf of you for the majority of 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 help settle any remaining balance of business debt collection, repossessions, or collections.
They may also assist in negotiating for back taxes as well as IRS debt. But, you won’t receive assistance for the majority cases, government loans or collateral, as well as 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 also help you find debtors who are in violation so that you can have cash settlements, if possible. Certain violations may result in having your debts removed as well.
CuraDebt can also help you repay debt for less than the amount you own. They also allow you to have questions answered during a free consultation with their debt counselor.
The best part about their program is that you’ll only have to pay for the charges once your debt is settled. All you have to do is sign up with one of their plans, and you’ll have the ability to resolve all of your debts.
Tax Management and Relief
CuraDebt can also deal with taxes. After they have gathered all your financial records, they will also collect all the documents you’ll require for tax returns.
With this program, you will be able to solve different types of taxes such as garnishments on wages, tax penalties, personal and business taxes as well as back taxes as well as trust fund penalties and tax liens.
There aren’t any hidden costs also. They only offer flat-fee prices that is based on the amount you must settle.
There are a variety of options in paying off taxes. 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 can they help you with?
While debt settlement is their specialty, they don’t offer all kinds of debt settlement. CuraDebt is only focused on unsecured debt. They can’t assist you if your credit or loan is tied to a physical item.
However, if you have one of the following kinds of debt, they’ll make arrangements for settlements.
With CuraDebt the service, you’ll be able to settle your past-due tax debts without any issues. Additionally, this service is accessible across all 50 states, if you have a debt towards the IRS. They have federal tax experts to assist you with these types of issues.
CuraDebt can also help resolve any medical-related debt. In certain cases you might even be able to pay the debt for less than you are owed.
Private Student Loan
CuraDebt does not cater to federal student loans. They can however assist private students with negotiating any student loans that they owe.
Payday loans and personal loans are also eligible as debt-settling programs. You can also avail 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 or traditional credit cards or private label credit cards CuraDebt can help you pay it off.
What is the cost?
The most appealing aspect of CuraDebt’s pricing is how they’ve priced their service. They don’t charge an upfront fee. The only time you pay is when you’ve paid each of your outstanding debts.
Additionally, they don’t have high-cost charges either. On average, you’ll be required to pay up to 20 percent of the debt that you settled through them.
On average, this type of business can cost anywhere from 15% to 25 percentage.
Additionally, customers can anticipate to settle their debt from between 2 and 4 years. This varies according to the amount you save per month.
They also claim that you can save up to 30% by incorporating their costs into your calculations.
However, this statement will depend on your specific situation. Some customers even claimed to save 50 to up to 80%.
The benefits of using CuraDebt
Now that you have an idea of what CuraDebt can offer you let’s look into the advantages of using CuraDebt.
The first is that CuraDebt will only charge you when you’ve paid off your debt. In addition, they only charge 20% of the cost, whereas many companies charge 25%.
If you’re finished with the debt settlement program, you can also sign up for their credit repair program.
It’s a great way to restore your credit score without going into debt again. However, the program runs in a different way for each individual, depending on your situation.
Lastly, CureDebt looks into your financial obligations to assist in settlements and negotiations. This means your debt won’t inflate as time passes. They’ll also be looking into any violations by creditors using their experts in-house.
Drawbacks of the use of CuraDebt
Let’s also look into some of the drawbacks of CuraDebt.
Debt settlement and debt relief usually require that you stop making payments using the credit card you use. If you’re trying to increase your rating on your credit, this might delay you from getting rid of your obligations.
CureDebt does not offer a mobile application. While they do have a website that clients can access however, it appears outdated and basic. It’s not very intuitive and could be difficult to navigate.
In addition, they’re not recognized by their Better Business Bureau although they did receive an A+ grade.
The Final Verdict
CuraDebt is a good program that will allow you to pay off your debts without spending more on these kinds of services. Moreover their 20% service charge is less expensive than the majority of firms that charge the 25% cost. There is no upfront payment, and you will only have to pay when the debt is settled.
Although they’ll allow you to access an account so that you can track your progress, their website is not user-friendly. CuraDebt also doesn’t have an app, which will make it easier to monitor your progression.
However, they have a competent support staff that you can contact them not only through emails but also by phone or making an electronic ticket. Tax Relief For Sponsorship
If debt is a big problem right now, we highly recommend CuraDebt’s program. Be sure to be eligible and that the services they offer are available in your state.
FAQ Tax Relief For Sponsorship
What is the time frame to complete the course?
The program typically takes between 24 and 48 months depending on the amount of your debt and the agreed settlement.
Can CuraDebt assist in the fight against state tax issues?
Yes, CuraDebt has a tax relief program to aid you in dealing with problems such as late payroll taxes and garnishments of wages.
What’s the first thing I have to do after joining 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.