Have your debts increased lately? Are you tired of trying other financial tips and advice but you’re still struggling with unsolved problems?
Maybe you’re here because you’ve tried every thing.
In most cases, the most effective approach is to talk to professionals that can help you settle this issue.
CuraDebt is one of the most asked companies. Many people are asking if they are able to help or put you 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.
But for some people, these claims are just too good to be true.
If you’re looking for anything that can aid you in settling your debt. In that scenario, CuraDebt will mostly be recommended by people. We’ll be taking an in-depth look at the way CuraDebt works and what problems it can solve for you.
Moreover, before we end our discussion, we’ll take a look at its advantages and drawbacks.
Before starting the review, you can check out this video instead in case you would prefer watching 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 overview. After, you’ll want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company Tax Relief On Interest
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000, and is a participant in the American Fair Credit Council, the US Chamber of Commerce, and is accredited by the International Association of Professional Debt Arbitrators.
Although the service is accredited, certain states have limited their access to their services.
What CuraDebt do?
Helping you pay off your debt is the most popular feature. They also provide other services that will aid you in becoming more financially stable.
First of all, it begins by requesting a free online savings estimate. It is a completely private service, and they won’t be conducting a credit screening. With this estimate of savings, you will learn more about your other options in your journey towards debt-free.
This estimate of savings, as mentioned before, gives you the opportunity to consider your choices regardless of whether you’re going to keep using CuraDebt.
CuraDebt will provide you with a financial counselor as well as a support team to help you with credit arbitration if you decide to join. Financial advisors may be able to assist you on your path to debt-free living.
Following the debt settlement program is completed, CuraDebt can be the agency to answer all of your creditors’ calls. They will also be the ones who determine what you will pay for your payment based on the status of your financial situation. In determining which option is the best to you, this could be either a lump sum settlement or an installment plan.
Moreover they will also work with creditors so that you can get better rates when you make deposits to your savings account, which in turn, will process to pay back creditors. Their plans can help you settle the debt within two years.
After you’ve signed up with them, they’ll give you access to your information 24/7. All you have to do is sign in to CuraDebts Client Portal to track your performance.
Before you can avail of the program, you’ll have to satisfy their criteria first. For eligibility, you’ll need to meet the following requirements:
- At least 21 years old
- Earn a reliable income
- Have a minimum debt of $5,000
What can they help you with?
Here are some of the ways CuraDebt can aid 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 to settle most types of debt. This includes personal loans, medical bills credit cards and also line of credit. They can also be approached to settle any outstanding amount on business debts collection, repossessions, or collections.
They may even assist you in negotiating with back taxes as well as IRS debt. However, you will not receive assistance with 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 will help you use 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 possible. Certain violations may lead to having your debts also dismissed.
CuraDebt also allows you to repay debt for less than the amount you have. Additionally, you can have questions answered during a free consult with their debt counsellor.
The most appealing aspect of their program is that you only be charged once your debt is settled. All you need to sign up to one of their plans and you’ll be able resolve all of your debts.
Tax Management and Relief
CuraDebt will also handle taxes. Once they collect all of your financial documentation They will also gather all the necessary paperwork to file tax returns.
By using this program, you should be able to resolve different types of taxes like wage garnishments as well as tax penalties for personal and business taxes and back taxes and trust fund penalties and tax lien.
There aren’t any hidden charges either. They only offer flat-fee prices, which depends on the amount that you’ll must settle.
There are a variety of options when it comes to the settlement of taxes. Here are six of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What kinds of debts are they able to help 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 a physical item.
However, if you have the following kinds of debt, they will negotiate settlements on your behalf.
With CuraDebt, you should be able to settle tax debts that were due to be paid without any problems. Additionally, this service is accessible across all 50 states, if you have a debt towards the IRS. There are federal tax experts that can help you resolve these kinds of problems.
CuraDebt can also help resolve any medical-related debt. In some cases you could even settle the debt for less than you are owed.
Private Student Loan
CuraDebt doesn’t cater to federal student loans. However, they can assist private students negotiate any student loans that they are owed.
Personal and payday loans also qualify to be eligible for debt relief programs. It is also possible to avail the program if you 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 as well as traditional credit cards as well as private label credit card, CuraDebt will help you pay it off.
What will it cost you?
The greatest thing about CuraDebt is the way the company has priced its services. They don’t charge an upfront fee. You’ll only pay once you’ve paid each of your debts.
Also, they don’t charge high costs either. On average, you’ll have to pay as much as 20 percent of the debt that you settled through them.
In the average, this kind of business can cost anywhere between 15% and 25 percent.
In addition, customers can expect to pay off their debts in two to four years. However, this also varies in relation to the amount you can save up per month.
They also claim that you can save up to 30% when you factor in their costs into your calculations.
But this claim will also differ based on your situation. Some clients even mentioned saving 50% to 80percent.
Advantages to using CuraDebt
Once you’ve got a clearer picture of what CuraDebt can offer you let’s look into the advantages that come with using CuraDebt.
The first is that CuraDebt only charges you after you’ve settled your debt. Furthermore, they only charge a 20% fee while many companies charge 25%.
If you’re finished with the debt settlement program, you could join their credit restoration program.
It’s a great option to rebuild your credit score without having to go into debt again. However, the program lasts different for every person, depending on your situation.
Lastly, CureDebt looks into your credit to assist with settlements and negotiations. This means the amount you owe won’t rise over time. They’ll also be looking into any violations by creditors with the help of their own experts.
The drawbacks of the use of CuraDebt
Let’s also look into some of the disadvantages of CuraDebt.
Settlement of debt and debt relief usually require that you stop making payments using . Therefore, if you’re trying build a better standing on credit scores, you might cause you to delay getting rid of your credit card debt.
CureDebt doesn’t even have a mobile app available. While they do have a client website but it’s outdated and basic. It’s not particularly intuitive and could be difficult to navigate.
Moreover, they are still not recognized by the Better Business Bureau although they did receive an A+ rating.
The Final Verdict
CuraDebt is a good program that allows you to resolve your debt without having to spend more on these kinds of services. In addition, their 20% service fee is cheaper than most firms that charge an additional 25% charge. There aren’t any upfront fees and you’ll only be required to pay once the debt is paid off.
While they’ll provide you with an account so that you can track your progress, their website is not simple to navigate. CuraDebt isn’t even an app that would make it easier to track your progression.
But, they do have a competent support staff and can be reached them not just via email but also via phone or sending an electronic ticket. Tax Relief On Interest
If your problem of debt is an problem right now, we strongly recommend CuraDebt’s debt management program. Make sure you’re eligible and that the services that they provide are offered in your state.
FAQ Tax Relief On Interest
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 assist in the fight against state tax issues?
Sure, CuraDebt has a tax relief program that will aid you in dealing with problems such as late payroll tax issues and garnishments of wages.
What do I need to do after joining the program?
You’ll have to keep in constant contact with the team and make the necessary payments to lower your debt over time.