Have your debts increased lately? Are you exhausted from trying different financial advice and strategies but still have unsolved issues?
Perhaps you’re here because you’ve been through everything.
In most cases, the best option is to speak with experts who can assist you resolve the issue.
CuraDebt is one of the most frequently contacted companies. A lot of people are asking if they can assist you or help you get into more debt.
According to their clients, they can help you manage 80percent of your debt so that you can take couple of things off your plate.
However, for certain people, these claims are just too good to be true.
You might be looking for anything that can assist you in paying off your debt. If that’s the situation, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep review of the way CuraDebt is used and the problems it could help solve.
Moreover, before we end our discussion, we’ll take a look at its benefits and drawbacks.
Before starting the review, you can check out 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. Afterward, you’ll want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company Tax Relief Independant Contractors
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was established in 2000 and has been a participant in the American Fair Credit Council, the US Chamber of Commerce, and is accredited with the International Association of Professional Debt Arbitrators.
While it is accredited, some states have limited their access to their services.
What can CuraDebt do?
Assistance in settling your debt is the most known feature. They also provide other services that will assist you in becoming financially stable.
The process begins by requesting a free savings estimate on the internet. It is a completely private service and won’t conduct a credit inquiry. With this savings estimate you’ll be able to be able to learn more about the options towards debt-free.
Savings estimates, as mentioned before, gives you an insight into your choices regardless of whether you’re going to keep using CuraDebt.
CuraDebt will assign you a financial advisor as well as a support team to assist you with credit arbitration if 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 one to answer all of your creditors’ calls. They will also be the ones who will determine conditions of the payment depending on the condition of your financial situation. Based on what works most effectively for you, it could be a lump-sum settlement or the option of a payment plan.
Moreover 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 the creditors. The plans they offer can help you pay off the debt in 48 months.
Once you’ve signed up with them, they’ll give you access to your information 24/7. All you need to do is log in to CuraDebts Client Portal to track your progress.
Before you are able to avail the program, you’ll have to meet their eligibility requirements first. To be eligible, you’ll have to meet the following criteria:
- At least 21 years old
- Have a verifiable income
- Have a minimum debt of $5,000
What can they assist you?
Here are the different ways CuraDebt can assist you.
The name of the company suggests that CuraDebt can help you deal with your debt. They are able to negotiate settlements on behalf of you for most types of debt. This includes personal loans, medical bills credit cards and also lines of credit. You can also approach them to settle any outstanding balance of business debt, collections, or repossessions.
They may also assist in negotiating for back taxes as well as IRS debt. But, you won’t receive support for most claims, loans from the government, collateral, and utility bills. The same goes for student loans.
On the other hand, they will assist you in navigating laws such as the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They can also assist you in identifying creditor violations so that you can have cash settlements, if they are possible. Certain violations could cause your debt to be dismissed as well.
CuraDebt also allows you to pay off debts with less than the sum you have. Additionally, you can ask questions during their free meeting with their debt counsellor.
The greatest benefit of their program is that you will only pay the fees after your debt has been settled. All you have to sign up for any of the plans and you’ll be able resolve all of your debts.
Tax Management and Relief
CuraDebt will also handle taxes. Once they’ve gathered all your financial documentation They will also gather all the paperwork you’ll need for tax returns.
By using this program, you’ll be able to resolve different types of taxes like wage garnishments, tax penalties, personal and taxation for business, back taxes as well as trust fund penalties and tax liens.
There aren’t any hidden charges neither are there hidden fees. They use only flat-fee pricing and is dependent on the amount you must settle.
There are a variety of options when it comes to paying off the tax debt. 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 assist you with?
Although debt settlement is their specialization however, they do not provide all kinds of debt settlement. CuraDebt is only focused on unsecured debt. They can’t help you if your credit or loan is tied to an item that is physical.
If, however, you are in the following types of debt, they will negotiate settlements on your behalf.
With CuraDebt, you should be able to pay taxes that are due without any issues. Furthermore, this service is offered to all 50 states in the event that you owe money towards the IRS. There are tax experts from the federal government that can help you resolve these kinds of problems.
CuraDebt can also help resolve the medical bills. In certain cases, you may even pay them for less than what you have to pay.
Private Student Loan
CuraDebt doesn’t cater to the federal government’s student loan. However, they can assist private students with negotiating any loans they have to pay.
Payday loans and personal loans also qualify for the debt settlement program. You can also avail if you have other unsecured credit lines that you have obtained from another financial institution or bank.
Credit Card Debt
If you are in debt through store credit cards as well as traditional credit cards as well as private label credit card CuraDebt will assist you in paying it off.
What is the cost?
The best part about CuraDebt is how the company has priced its services. They don’t charge upfront fees. You’ll only pay once you settle each of your debts.
Additionally, they don’t charge high fees as well. In the average, you’ll need to pay up to 20% of the debt you settled with them.
In general, this type of industry can charge anywhere between 15% and 25%.
Additionally, customers can anticipate to settle their debt from between 2 and 4 years. But, it also differs depending on the amount that you save per month.
Also, they claim that you could save as much as 30% when you factor in their charges into your calculation.
However, this statement will depend on the situation. Some customers have even talked about saving 50% to up to 80%.
The benefits of using CuraDebt
Once you’ve got a clearer picture of the benefits CuraDebt can offer you Let’s take a look at the benefits that come with using CuraDebt.
In the beginning, CuraDebt is only charged when you’ve paid off your debt. Furthermore, they only charge a 20% fee while most companies charge you 25 percent.
If you’re finished with the debt settlement program, you may enroll in their credit restoration program.
It’s a fantastic way to restore the credit rating without going in debt again. However, the program runs in a different way for each individual according to your personal situation.
Finally, CureDebt looks into your credit to assist in settlements and negotiations. This means the amount you owe won’t rise over time. They’ll also investigate any creditor violations using their experts in-house.
Some disadvantages to using CuraDebt
Let’s also consider some of the drawbacks of CuraDebt.
Settlement of debt and debt relief often require you to stop making payments using your credit card. Therefore, if you’re trying improve your rating on your credit, this could cause you to delay working on your debt.
CureDebt does not offer a mobile application. Although they have a website that clients can access however, it appears old and mundane. It’s not particularly intuitive and could be difficult to navigate.
Moreover, they are still not credited with an accreditation from the Better Business Bureau although they were awarded an A+ grade.
The Final Verdict
CuraDebt is a great program that will allow you to settle your debt without spending more on these kinds of services. In addition their 20% service cost is lower than many businesses that charge the 25% cost. There is no upfront payment and you’ll only be required to pay once the debt is settled.
Although they’ll give you an account that allows you to track your progress but their website isn’t easy to navigate. CuraDebt does not have an app, which will make it easier to track your progress.
They do have a great support team and can be reached them not only through emails but also by phone or making an e-ticket. Tax Relief Independant Contractors
If credit card is a major problem, then we strongly recommend CuraDebt’s debt management program. Make sure you’re qualified and that the services they offer are available in your state.
FAQ Tax Relief Independant Contractors
How long will it take to finish the program?
The average program is 24 to 48 months, dependent on the size of your debt and the agreed settlement.
Can CuraDebt assist with tax problems in the state?
It is true that CuraDebt provides tax relief programs that will help you with problems such as late payroll taxes and garnishments on wages.
What’s the first thing I have to do once I’m in the program?
You’ll need to constantly communicate with your team members and pay the required payments to reduce your debt over time.