Has your debt been piling up lately? Are you burnt out from trying various financial tips and advice but haven’t solved your problems?
Perhaps you’re here because you’ve been through everything.
In most cases, the best way is to approach professionals that can help to resolve this issue.
CuraDebt is one of the most asked companies. Many people are asking if they can assist you or put you in more debt.
According to their clients, they can assist you in managing 80% of your debt , so you are able to take couple of w
orries off your plate.
But for some people the claims seem too good to be true.
You might be looking for anything that can aid you in settling your debt. In this case, CuraDebt will mostly be highly recommended by those. We’ll take a deeper look at the way CuraDebt works and what problems it can help you solve.
In addition, prior to our conclusion our discussion, we’ll take a look at its advantages and drawbacks.
Before beginning the review, check out this video instead if you prefer 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. After, you will want to read the rest of the article for a more comprehensive review.
About the Company Tax Relief For Taxpayer Owing 12,000
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000, and is an active participant in the American Fair Credit Council, the US Chamber of Commerce, and has been accredited through the International Association of Professional Debt Arbitrators.
Although the service is accredited, certain states have restricted their services.
What can CuraDebt do?
Assistance in settling your debt is one of CuraDebt’s best popular feature. However, they also offer other services that can assist you in becoming financially secure.
The process begins with requesting a free savings estimate on the internet. This service is very confidential, and they won’t be doing a credit check. With this savings estimate, you will discover more about alternatives towards debt-free.
Savings estimates, as mentioned previously, offers you the opportunity to consider your choices, regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial advisor as well as a support team to assist you in navigating credit arbitration if you decide to sign up. Financial advisors may be able to assist you in your debt-free journey.
Following your debt settlement program is completed, CuraDebt can be the company to answer all of your creditors’ calls. They will also be the ones that determine the terms of your settlement based on the status of your financial situation. Depending on which works most effectively for you, it could be either a lump sum settlement or an installment plan.
Furthermore they will be working with the lenders to help you get better rates when you transfer money into your savings account, which is then processed to pay off the creditors. Their programs can assist you to get rid of debt in just 48 months.
Once you’ve signed up with them, they’ll provide you with access to your account information 24 hours a day. All you have to do is log in to CuraDebts’ client portal so that you can monitor your development.
Before you can benefit from the program, you’ll have to meet their eligibility requirements first. For eligibility, you’ll need to be:
- At least 21 years old
- Verifiable income
- You must have a minimum balance of $5,000
What can they assist you with?
Here are some of the ways CuraDebt can help you.
The name of the company suggests that CuraDebt can help you deal your debt. They can negotiate settlements on your behalf for most types of debt. This includes personal loans, medical bills, credit cards and also loans. They can also be approached to settle any outstanding balance of business debt collection, repossessions, or collections.
They can even help negotiate on tax owed as well as IRS debt. However, you will not receive assistance for the majority cases, government loans 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 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 dismissed as well.
CuraDebt also allows you to settle debt with less than the amount you have. You can also ask questions during their free meeting with their debt advisor.
The best part about their plan 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 be able to pay off all your debts.
Tax Management and Relief
CuraDebt will also handle your tax debt. Once they collect all of your financial documents They will also gather all the documents you’ll require for tax returns.
With this program, you’ll be able to resolve different types of taxes like garnishments on wages as well as tax penalties for personal and corporate taxes and back taxes, trust fund penalties, and tax liens.
There aren’t any hidden charges neither are there hidden fees. They only use flat-fee pricing and is dependent on the amount that you’ll must settle.
They offer different options in settling the tax debt. Here are 6 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 help you with?
Although they specialize in debt settlement, it is not their specialization, they don’t cater to all types in debt resolution. CuraDebt only focuses on debt that is not secured. They won’t be able to assist you if your loan or debt is linked to an item that is physical.
If, however, you are in the following kinds of debt, they’ll make arrangements for settlements.
With CuraDebt it is expected that you will be able to pay your past-due tax debts without difficulty. Moreover, this type of service is accessible to all 50 states in the event that you owe money in arrears to IRS. There are federal tax experts who can assist you in resolving the issues.
CuraDebt will also help you resolve the medical bills. In some cases you could even settle the debt for less than you owe.
Private Student Loan
CuraDebt doesn’t cater to the federal government’s student loan. However, they can assist private students with negotiating the student loans they have to pay.
Personal and payday loans also qualify as debt-settling programs. You can also avail if you have other unsecured credit lines that you got from an alternative financial institution or bank.
Credit Card Debt
Whether you have debt with store credit cards or traditional credit cards as well as private label credit card, CuraDebt can assist you in paying it off.
What is the cost?
The most appealing aspect of CuraDebt’s pricing is how the company has priced its services. They don’t charge upfront fees. The only time you pay is when you’ve paid each of your debts.
They also don’t charge high charges either. On average, you’ll be required to pay up to 20% of the debt you settled with them.
On average, this type of industry can charge anywhere from 15% to 25%.
Moreover, clients can expect to pay off their debts in between 2 and 4 years. But, it also differs in relation to the amount you save per month.
They also claim that you can save up to 30% when you factor in their costs into your calculations.
However, this statement will differ based on the situation. Some customers have even talked about saving between 50% and up to 80%.
The benefits of using CuraDebt
Now that you have an idea of what CuraDebt offers, Let’s take a look at the benefits that come with using CuraDebt.
The first is that CuraDebt is only charged when you’ve paid off your debt. In addition they charge only an amount of 20%, while most companies charge you 25 percent.
Then, if you’re done in the process of debt resolution you could enroll in their credit repair program.
It’s a great option to rebuild your credit without having to go in debt again. However, the program lasts differently for each person, depending on your situation.
In the end, CureDebt looks into your debt so that they can assist in settlements and negotiations. So, your debt won’t inflate as time passes. They’ll also look into any violations by creditors using their experts in-house.
Some disadvantages to the use of CuraDebt
Let’s also look into some of the negatives of CuraDebt.
Debt settlement and debt relief often require you to cease making payments with . If you’re trying to increase your rating on your credit, this might set you back while you’re finishing your credit card debt.
CureDebt also doesn’t have a mobile app. While they do have a client website, it looks outdated and basic. It’s not particularly user-friendly, and can be challenging to navigate.
Furthermore, they are not accredited with the Better Business Bureau although they did receive an A+ grade.
The Final Verdict
CuraDebt is a useful program that will allow you to resolve your debt without having to spend more for these types of services. In addition, their 20% service fee is less expensive than the majority of firms that charge an additional 25% charge. There is no upfront payment and you’ll only have to pay the fee when the debt is settled.
While they’ll provide you with an account so that you can track your progress, their website is not easy to navigate. CuraDebt also doesn’t have an app that would make it easier to monitor your performance.
They do have a competent support staff that you can contact them not only through emails but also by phone or submitting an e-ticket. Tax Relief For Taxpayer Owing 12,000
If your credit card is a major problem, then we highly recommend CuraDebt’s program. Just make sure that you’re eligible and that the programs they offer are available in your area.
FAQ Tax Relief For Taxpayer Owing 12,000
How long does it take to finish the program?
The typical program lasts from 24 to 48 months, depending on the amount of your debt as well as your agreement on the settlement.
Can CuraDebt help in the fight against state tax issues?
Yes, CuraDebt has a tax relief program that can assist you with issues such as late payroll taxes and garnishments of wages.
What’s the first thing I have to do when I’m enrolled in 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.