Has your debt increased lately? Are you exhausted from trying different financial advice and tips but you’re still struggling with unsolved problems?
Maybe you’re here because you’ve been through every thing.
In the majority of cases, the most effective approach is to talk to experts who can help you resolve the issue.
CuraDebt is one of the most asked companies. A lot of people are asking if they can assist you or help you get into more debt.
According to their customers, they can assist you in managing 80% of your debt so that you can take couple of things off your plate.
For some 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. If that’s the case, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep study of how CuraDebt is used and the problems it can help you solve.
In addition, prior to our conclusion we’ll look at its benefits and drawbacks.
Before starting the review, go to this video for a more relaxing way to watch it.
Otherwise, let’s begin.
Before you go on, 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.
About the Company Tax Relief Meaning
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000 and has since become an active part of the American Fair Credit Council, the US Chamber of Commerce, and is accredited through the International Association of Professional Debt Arbitrators.
Although it is accredited, some states have restricted their services.
What CuraDebt do?
Helping you pay off your debt is CuraDebt’s most known feature. However, they also offer other services that can aid you in becoming more financially secure.
The process begins by requesting a free online savings estimate. This service is very confidential, and they won’t be doing a credit check. By using this estimate of savings you’ll be able to learn more about your alternatives to debt-free.
Savings estimates, as mentioned earlier, provides you with an idea of your choices, regardless of whether you’re going to keep using CuraDebt.
CuraDebt will assign you a financial counselor as well as a support team to help you with credit arbitration if you decide to sign up. Financial advisors may be able to assist you with your debt-free journey.
Following your debt settlement plan, CuraDebt is the one to answer all of your creditor’s calls. They will be the ones who determine what you will pay for your repayment in accordance with the state of your financial situation. In determining which option is the best to you, this can either be a lump sum settlement or the option of a payment plan.
Additionally they will be working with the creditors to ensure that you get better rates when you transfer money into your savings account, which is then processed to pay back creditors. Their plans can help you get rid of debt in just 48 months.
After you’ve registered with them, they will allow you access to your account information 24 hours a day. All you have to do is log in to CuraDebts Client Portal to monitor your performance.
Before you can benefit from the program, you’ll have to meet their eligibility requirements first. For eligibility, you’ll have to be:
- At least 21 years old
- Verifiable income
- You must have a minimum balance of $5,000
What can they help you?
Here are the different ways CuraDebt can help you.
The name of the company suggests that CuraDebt can help you deal with your debt. They are able to negotiate settlements on your behalf for all kinds of debt. This includes personal loans, medical bills credit cards, as well as line of credit. They are also able to pay off any remaining amount on business debts, collections, or repossessions.
They may even assist you in negotiating for back taxes and IRS debt. However, you will not receive assistance for the majority claims, loans from the government, collateral, and utility bills. Also, they don’t cover the majority of student loans.
On the other hand, they can assist you in navigating laws such as those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify creditor violations to ensure that you receive cash settlements, if possible. Some violations can also lead to having your debts removed as well.
CuraDebt also allows you to repay debt for less than the sum you have. They also allow you to have questions answered during a free meeting with their debt counsellor.
The most appealing aspect of their plan is that you will only pay the fees after your debt has been settled. All you need to sign up to one of their plans, and you’ll be able pay off all your debts.
Tax Management and Relief
CuraDebt will also handle taxes. Once they collect all of your financial documentation, they will also collect all the documents you’ll require for tax returns.
Through this program, you should be able to deal with the various types of tax problems like wage garnishments and tax penalties, personal and taxation for business as well as back taxes, trust fund penalties, and tax liens.
There aren’t hidden fees neither are there hidden fees. They use only flat-fee pricing that is based on the amount that you’ll must settle.
They have different solutions in the settlement of 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 are they able to help with?
Although debt settlement is their specialty but they aren’t able to provide all kinds of debt settlement. CuraDebt concentrates on debt that is not secured. They can’t help you if the credit or loan is tied to an item that is physical.
If, however, you are in the following kinds of debt, they will make arrangements for settlements.
With CuraDebt the service, you’ll be able to pay taxes that are due without any issues. Moreover, this type of service is accessible to all 50 states in the event that you have a debt to the IRS. They have federal tax experts who can assist you in resolving the issues.
CuraDebt can also assist in settling your medical debt. In certain cases you could even settle them less than the amount you owe.
Private Student Loan
CuraDebt doesn’t cater to the federal government’s student loan. They can however assist private students in negotiating the student loans they are owed.
Personal loans and payday loans also qualify for the debt settlement program. You may also be eligible if you have other unsecured credit lines you obtained from another bank or financial institution.
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 best part about CuraDebt is how the company has priced its services. They don’t charge upfront fees. Only pay when you’ve paid each of your debts.
Also, they don’t have high-cost charges either. On average, you’ll be required to pay between 20 and 20 percent of the debt you settled with them.
On average, this type of industry charges between 15% and 25%.
Moreover, clients can expect to pay off their debts in two to four years. This varies depending on the amount that you are able to save each month.
Also, they claim that you could save as much as 30% when you factor in their costs into your calculations.
But this claim will also differ based on the 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 provide, Let’s take a look at the benefits from using CuraDebt.
First, 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 by the program for debt relief you could join their credit repair program.
It’s a fantastic way to restore your credit without going into debt again. However, the program lasts differently for each person according to your personal situation.
Finally, CureDebt looks into your financial obligations to assist in settlements and negotiations. It means that the amount you owe won’t rise over time. They’ll also investigate any creditor violations with the help of their in-house experts.
The drawbacks of using CuraDebt
We will also examine some of the drawbacks of CuraDebt.
Debt settlement and debt relief typically require you to stop paying with your credit card. So if you’re trying to increase your rating on your credit, this might set you back while you’re working on your debt.
CureDebt doesn’t even have a mobile app. While they do have a website for clients, it looks aged and simple. It’s not very intuitive, and it can be challenging to navigate.
In addition, they’re not credited with an accreditation from the Better Business Bureau although they did receive an A+ rating.
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. Moreover, their 20% service cost is cheaper than most companies that offer a 25% fee. There is no upfront payment, and you will only have to pay when the debt is settled.
Although they’ll give you an account that allows you to track your progress however, their website isn’t easy to navigate. CuraDebt isn’t even an app that will make it easier to monitor your progression. Tax Relief Meaning
But, they do have a great support team, and you can reach them not only through emails but by phone or by making an e-ticket. Tax Relief Meaning
If your credit card is a major problem right now, we strongly recommend CuraDebt’s debt management program. Be sure to be qualified and that the services they provide are in your state.
FAQ Tax Relief Meaning
How long does it take to complete the program?
The average program is 24 to 48 months, dependent on the size of your debt and the agreed settlement.
Can CuraDebt aid in the fight against state tax issues?
Yes, CuraDebt provides tax relief programs that can assist you with issues such as late payroll taxes and garnishments of wages.
What should I do when I’m enrolled in the program?
You’ll be required to communicate with the team and make the necessary payments to pay down the amount of debt you have over time.