Has your debt increased lately? Are you exhausted from trying different financial tips and advice but haven’t solved your problems?
Maybe you’re here because tried every thing.
In the majority of cases, the best way is to approach professionals that can help to resolve this issue.
CuraDebt is one of the most frequently contacted companies. A lot of people are asking if they can help you or put you in more debt.
According to their clients they can help you manage 80percent of your debt , so you can finally take a few things off of your plate.
But for some people, these claims are just too good to be true.
Suppose you’re on the lookout for any solution that could help you resolve your debt. In this case, CuraDebt will mostly be suggested by people. We’ll be taking a deep review of the way CuraDebt operates and what issues it could help solve.
Moreover, before we end our discussion, we’ll take a look at the advantages and disadvantages of this method.
Before you begin the review, watch this video instead in case you would prefer for it to be watched.
Otherwise, let’s begin.
Before you continue, you may want to watch this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick overview. After, you’ll want to read the rest of our article for a more comprehensive review of CuraDebt.
About the Company Tax Relief Ohio
CuraDebt is a debt relief company from Hollywood, Florida. It was founded in 2000, and is an active part of the American Fair Credit Council, the US Chamber of Commerce, and has been accredited with 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 CuraDebt’s most well-known feature. They also provide other services that will help you be more financially stable.
It all starts by requesting a no-cost savings estimate on the internet. This service is very confidential, and they won’t conduct a credit inquiry. By using this estimate of savings, you will learn more about your options towards debt-free.
This estimate of savings, as we’ve mentioned before, gives you the opportunity to consider your options, regardless of whether you’re planning on using CuraDebt.
CuraDebt will assign you a financial advisor and a support team to help you with the process of credit arbitration should you choose to join. Some financial advisors can help you in your debt-free journey.
Following your debt settlement program, CuraDebt will be the company to take care of all the calls from your creditors. They’ll also be the ones that will determine what you will pay for your settlement based on the status of your financial situation. Depending on which works best to you, this can be either a lump sum settlement or an installment plan.
Moreover they will be working with the lenders to help you have better rates as you deposit money to your savings account. This, is then processed to pay off creditors. Their plans can help you pay off the debt in the period of 48 months.
After you’ve signed up with them, they will provide you with 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 are able to avail the program, you’ll have to satisfy their criteria first. In order to be considered eligible for the program, you’ll have to meet the following criteria:
- At least 21 years old
- Verifiable income
- You must have a minimum balance of $5,000
What can they help you?
Here are the various ways CuraDebt can assist you.
The name of the company suggests that CuraDebt can help you deal your debt. They are able to negotiate settlements on your behalf for the majority of types of debt. These include personal loans, medical bills credit cards and lines of credit. You can also approach them to pay off any remaining balance of business debt collection, repossessions, or collections.
They may also assist in negotiating on tax owed as well as IRS debt. But, you won’t receive support for most of your lawsuits, government loans as well as collateral and 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 will also help you identify creditor violations so that you can have cash settlements, if possible. Certain violations may cause your debt to be dismissed as well.
CuraDebt can also help you settle debt with less than the sum you have. You can also have questions answered during a free consult with their debt counsellor.
The most appealing aspect of their plan is that you will only have to pay for the charges after your debt has been settled. All you need to sign up to one of their plans and you’ll be able to settle each of your debts.
Tax Management and Relief
CuraDebt will also handle taxes. After they have gathered all your financial documents They will also gather all the necessary paperwork for tax returns.
Through this program, you will be able to deal with the various types of tax problems such as wage garnishments, tax penalties, personal and business taxes and back taxes, trust fund penalties, and tax lien.
There aren’t hidden fees also. They only use flat-fee pricing that is based on the amount that you’ll need to settle.
There are a variety of options when it comes to settling 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 assist you with?
Although they specialize in debt settlement, it is not their specialty but they aren’t able to cater to all types of settlement. CuraDebt concentrates on loans that are not secured. They can’t help you if your debt or loan is tied to an actual item.
If you do have the following types of debt, they’ll arrange settlements for you.
With CuraDebt it is expected that you will be able to settle tax debts that were due to be paid without any problems. Moreover, this type of service is accessible across all 50 states, if you have a debt to the IRS. They have federal tax experts to assist you with these types of issues.
CuraDebt will also help you resolve the medical bills. In some instances you could even settle them for less than what you are owed.
Private Student Loan
CuraDebt does not cater to the federal government’s student loan. They can however assist private students in negotiating any student loans that they owe.
Payday loans and personal loans also qualify for the debt settlement program. You may also be eligible of the program if you also have other unsecured credit lines that you got from an alternative bank or financial institution.
Credit Card Debt
If you are in debt through store credit cards or traditional credit cards and private-label credit cards, CuraDebt can help you pay it off.
What is the cost?
The best part about CuraDebt’s pricing is how the company has priced its services. They don’t charge an upfront fee. Only pay when you have paid off all of your debts.
They also don’t have high-cost charges either. On average, you’ll have to pay up to 20 percent of the debt you settled through them.
In general, this type of industry charges from 15% to 25 percentage.
Moreover, clients can expect to settle their debts within two to four years. However, this also varies in relation to the amount you can save up per month.
They also claim that you could save up to 30% by incorporating their fees in your equation.
But this claim will also vary, depending on your situation. Some customers have even talked about saving 50% to 80percent.
Advantages to using CuraDebt
Once you’ve got an understanding of the benefits CuraDebt can provide, let’s look into the advantages of using CuraDebt.
In the beginning, CuraDebt will only charge you once 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 could join their credit repair program.
It’s an excellent way to restore your credit score without having to go back into debt. However, the program runs different for every 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 increase over time. They’ll also look into any violations by creditors with the help of their experts in-house.
Some disadvantages to the use of CuraDebt
We will also examine some of the disadvantages of CuraDebt.
Debt relief and debt settlements usually require that you stop paying with your credit card. So if you’re trying to improve your standing on credit scores, you could delay you from getting rid of your credit card debt.
CureDebt also doesn’t have a mobile app. While they have a website that clients can access but it’s old and mundane. It’s not very intuitive, and it can be difficult to navigate.
In addition, they’re not recognized by an accreditation from the Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a good program that will allow you to settle your debt without spending more on those types of services. In addition the 20% service fee is cheaper than most businesses that charge a 25% fee. There are no upfront payments, 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 but their website isn’t user-friendly. CuraDebt also doesn’t have an app yet, which will make it easier to look at your progression.
But, they do have a great support team and can be reached them not just via email but by phone or by submitting an e-ticket. Tax Relief Ohio
If your debt is a big problem, then we recommend CuraDebt’s service. Make sure you’re eligible and that the services they offer are available in your state.
FAQ Tax Relief Ohio
How long will it take to complete the program?
The typical program lasts from between 24 and 48 months depending on the amount of your debt as well as the agreement on the settlement.
Can CuraDebt aid with tax problems in the state?
Sure, CuraDebt offers a program for tax relief to help you with problems like delinquent taxes and garnishments of wages.
What do I need to do once I’m in the program?
You’ll have to keep in constant contact with your team members and make the necessary payments to reduce your debt over time.