Are you experiencing debt that has been piling up lately? Are you tired of trying other financial tips and advice but still have unsolved issues?
Perhaps you’re here because you’ve been through everything.
In the majority of cases, your best option is to speak with professionals that can help to resolve this issue.
CuraDebt is among the most frequently contacted companies. A lot of people have been inquiring whether they can help you or put you into more debt.
According to their clients they can assist you in managing 80% of your debt so that you are able to take few things off of your mind.
However, for certain people the claims seem too good to be true.
Suppose you’re on the lookout for something that will help you resolve your debt. If that’s the scenario, CuraDebt will mostly be recommended by people. We’ll take a deeper look at the way CuraDebt is used and the problems it can solve for you.
In addition, prior to our conclusion our discussion, we’ll take a look at its benefits and drawbacks.
Before beginning the review, you can watch this video instead if you prefer watching it.
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 of CuraDebt.
About the Company Tax Relief Granted If I Was Volunteering?
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000, and is an active member of the American Fair Credit Council, the US Chamber of Commerce, and has been accredited with the International Association of Professional Debt Arbitrators.
While it is accredited, certain states have imposed restrictions on their services.
What CuraDebt do?
Helping you settle your debt is one of CuraDebt’s best known feature. However, they also offer additional services to aid you in becoming more financially stable.
It all begins with requesting a free savings estimate on the internet. It is a completely private service and they will not be doing a credit check. By using this estimate of savings, you will be able to learn more about the other options in your journey to be debt-free.
This estimate of savings, which was mentioned earlier, provides you with the opportunity to consider your options 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 credit arbitration if you decide to enroll. Certain financial advisors can assist you on your path to debt-free living.
Following your debt settlement plan, CuraDebt will be the company to answer all of the calls from your creditors. They’ll be the ones who negotiate the terms of your payment depending on the condition of your financial situation. In determining which option is the most effectively your situation, the payment could be a lump-sum settlement or a payment plan.
Furthermore, they will be working with creditors so that you can enjoy better rates when you deposit money to your savings account. This in turn, will process to pay creditors. The plans they offer can help you settle the debt within the period of 48 months.
After you’ve registered with them, they’ll provide you with access to your account information 24 hours a day. All you need to do is login to CuraDebts’ client portal to monitor your progress.
Before you can benefit from their program, you’ll need to satisfy their criteria first. To be eligible, you’ll have to be:
- At least 21 years old
- Earn a reliable income
- Minimum debt must be $5,000
What can they help you?
Here are some of the ways CuraDebt can help you.
As their name suggests, CuraDebt can assist you in dealing with debt. They are able to negotiate settlements on your behalf for the majority of types of debt. This includes medical bills, personal loans, credit cards and also loans. They are also able to pay off any remaining amount on business debts collection, repossessions, or collections.
They may also assist in negotiating with back taxes as well as IRS debt. However, you will not receive support for most cases, loans from the government, collateral, and utility bills. The same goes for student loans.
On the other hand, they will assist you with laws like that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify debtors who are in violation in order to get cash settlements, if they are possible. Certain violations could result in having your debts removed as well.
CuraDebt lets you settle debt with less than the amount you have. They also allow you to have questions answered during a free consultation with their debt counsellor.
The greatest benefit of the program is that you only have to pay for the charges after your debt has been settled. All you have to do is sign up with any of the plans and you’ll be able settle each of your debts.
Tax Management and Relief
CuraDebt will also handle the tax liabilities you have. Once they collect all of your financial records, they will also collect all the necessary paperwork for tax returns.
By using this program, you should be able to solve different types of taxes like 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 neither are there hidden fees. They only offer flat-fee prices that is based on the amount that you’ll must settle.
They have different solutions in the settlement of taxes. 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 can they help you with?
Although debt settlement is their specialization, they don’t offer all kinds of debt settlement. CuraDebt concentrates on unsecured debt. They aren’t able to assist you if your debt or loan is tied to a physical item.
If you do have the following kinds of debt, they’ll negotiate settlements on your behalf.
With CuraDebt, you should be able to settle tax debts that were due to be paid without difficulty. Furthermore, this service is available to all 50 states if you owe money towards the IRS. There are tax experts from the federal government who can assist you in resolving the issues.
CuraDebt can also assist in settling any medical-related debt. In certain cases you could even settle them less than the amount you are owed.
Private Student Loan
CuraDebt doesn’t cater to the federal government’s student loan. Still, they can help private students in negotiating any loans they owe.
Personal and payday loans also qualify as debt-settling programs. You can also avail of the program if you also have other unsecured credit lines that you have obtained from another 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 can assist you in paying it off.
What will it cost you?
The best part about CuraDebt is the way they’ve priced their service. They don’t charge upfront fees. Only pay when you have paid off all of your outstanding debts.
They also do not charge high charges either. On average, you’ll have to pay up to 20 percent of the debt that you settled with them.
On average, this type of business can cost anywhere from 15% to 25%.
Additionally, customers can anticipate to settle their debts within 2 to 4 years. However, this also varies according to the amount you can save up per month.
Additionally, they claim that you can save as much as 30% when you factor in their charges into your calculation.
However, this statement will vary, depending on the situation. Some clients even mentioned saving 50% to up to 80%.
Benefits of using CuraDebt
Now that you have an understanding of the benefits CuraDebt can provide, let’s explore the benefits that come with using CuraDebt.
First, CuraDebt only charges you after you’ve settled your debt. Additionally, they only charge an amount of 20%, while the majority of companies charge 25%.
Next, if you’re done with the debt settlement program you can enroll in their credit repair program.
It’s a great method to improve your credit without having to go in debt again. However, the program lasts different for every person according to your personal situation.
Finally, CureDebt looks into your financial obligations to assist in settlements and negotiations. It means that your debt won’t inflate as time passes. They’ll also be looking into any creditor violations using their in-house experts.
Some disadvantages to using CuraDebt
Let’s also consider some of the disadvantages of CuraDebt.
Debt settlement and debt relief often require you to stop making payments using the credit card you use. So if you’re trying to improve your rating on your credit, this may cause you to delay getting rid of your debt.
CureDebt does not have a mobile app available. Although they have a website for clients however, it appears aged and simple. It’s not particularly intuitive and could be difficult to navigate.
Furthermore, they are not accredited with an accreditation from the Better Business Bureau although they received an A+ grade.
The Final Verdict
CuraDebt is a great program that will allow you to pay off your debts without spending more for these types of services. Additionally, their 20% service cost is lower than many firms that charge an additional 25% charge. There aren’t any upfront fees, and you will only have to pay the fee when the debt is settled.
While they’ll provide you with an account to see your progress, their website is not easy to navigate. CuraDebt isn’t even an app yet, which would make it easier to monitor your progression.
They do have a great support team and can be reached them not only through emails but also by phone or sending an electronic ticket. Tax Relief Granted If I Was Volunteering?
If your debt is a big issue right now, we recommend CuraDebt’s service. Make sure you’re qualified and that the services that they provide are offered in your area.
FAQ Tax Relief Granted If I Was Volunteering?
How long does it take to finish the program?
The average program is between 24 and 48 months depending on the amount of your debt and the agreed settlement.
Can CuraDebt help with tax problems in the state?
Yes, CuraDebt offers a program for tax relief that can help you with problems such as delinquent payroll taxes and wage garnishments.
What should I do when I’m enrolled in the program?
You’ll be required to communicate with your team members and pay the required payments to lower your debt over time.