Are you experiencing debt that has increased lately? Are you burnt out from trying other financial advice and strategies but you’re still struggling with unsolved problems?
Perhaps you’re here because you’ve already tried everything.
In most cases, the most effective approach is to talk to professionals that can help you settle this issue.
CuraDebt is among the most asked companies. A lot of customers have asked if they can assist you or put you in more debt.
According to their customers, they can assist you in managing 80% of your debts so that you can finally take a couple of worries off your shoulders.
However, for certain people, these claims are just too good to be true.
Suppose you’re on the lookout for anything that can aid you in settling your debt. In this case, CuraDebt will mostly be suggested by people. We’ll take a deeper review of how CuraDebt is used and the problems it can help you solve.
In addition, prior to our conclusion, we’ll also look into the advantages and disadvantages of this method.
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 check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick review. After, you’ll want to read the rest of the article for a more comprehensive review.
About the Company Tax Relief On Retirement Annuity Contributions
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was established in 2000, and is a participant in the American Fair Credit Council, the US Chamber of Commerce, and has been accredited through the International Association of Professional Debt Arbitrators.
Although the service is accredited, certain states have imposed restrictions on their services.
What can CuraDebt do?
Helping you pay off your debt is one of CuraDebt’s best known feature. However, they also offer additional services to aid you in becoming more financially secure.
First of all, it begins by requesting a free savings estimate online. This service is very confidential, and they won’t be doing a credit check. With this estimate of savings, you will learn more about your options towards debt-free.
The savings estimate, which was mentioned earlier, provides you with the opportunity to consider your options, regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will provide you with a financial counselor as well as a support team to assist you in navigating credit arbitration in the event that you decide to sign up. Some financial advisors can help you on your path to debt-free living.
Following your debt settlement program, CuraDebt is the one to handle all of your creditor’s calls. They will also be the ones that determine what you will pay for your payment based on the status of your finances. Depending on which works most effectively to you, this could be either a lump sum settlement or a payment plan.
Furthermore they will also work with creditors so that you can have better rates as you transfer money into your savings account. This, in turn, will process to pay off the creditors. The plans they offer can help you get rid of debt in just two years.
After you’ve signed up with them, they’ll provide you with access to your data 24/7. All you need to do is sign in to CuraDebts the client portal so that you can monitor your performance.
Before you are able to avail their program, you’ll need to meet their eligibility requirements first. For eligibility, you’ll have to meet the following requirements:
- Minimum 21 years old
- Verifiable income
- You must have a minimum balance of $5,000
What are they able to assist you with?
Here are the different ways CuraDebt can assist you.
The name of the company suggests that CuraDebt will assist you in dealing with debt. They are able to negotiate settlements on your behalf to settle all kinds of debt. This includes medical bills, personal loans, credit cards and also line of credit. They are also able to settle any outstanding balance on business debt and collections or repossessions.
They may even assist you in negotiating with back taxes and IRS debt. However, you will not receive support for most cases, loans from the government as well as collateral and utility bills. They also don’t cover most student loans.
On the other hand, they will help you use laws like the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find creditor violations to ensure that you receive cash settlements, if they are possible. Certain violations could result in having your debts removed as well.
CuraDebt can also help you pay off debts with less than the sum you have. They also allow you to have questions answered during a free consult with their debt counsellor.
The most appealing aspect of their program is that you only be charged after your debt has been settled. All you need to sign up for one of their plans and you’ll be able to settle each of your debts.
Tax Management and Relief
CuraDebt can also help you with taxes. Once they collect all of your financial records and tax documents, they’ll also collect all the paperwork you’ll need for tax returns.
Through this program, you’ll be able to resolve various tax issues such as wage garnishments as well as tax penalties for personal and taxation for business, back taxes as well as trust fund penalties and tax liens.
There aren’t hidden fees neither are there hidden fees. They only use flat-fee pricing, which depends on the amount you’ll must settle.
There are a variety of options when it comes to the settlement of your tax debt. 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 they specialize in debt settlement, it is not their forte, they don’t offer all kinds of settlement. CuraDebt only focuses on debt that is not secured. They won’t be able to assist you if your debt or loan is tied to a physical item.
If, however, you are in one of the following kinds of debt, they will make arrangements for settlements.
With CuraDebt the service, you’ll be able to settle tax debts that were due to be paid without any problems. Moreover, this type of service is available to all 50 states if you have a debt to the IRS. There are tax experts from the federal government who can assist you in resolving these types of issues.
CuraDebt will also help you resolve your medical debt. In some cases you might even be able to pay them less than the amount you owe.
Private Student Loan
CuraDebt does not cater to the federal government’s student loan. They can however assist private students in negotiating any loans they are owed.
Personal loans and payday loans also qualify for the debt settlement program. It is also possible to avail the program of the program if you also have other unsecured credit lines that you got from another bank or financial institution.
Credit Card Debt
If you’re in debt using store credit cards as well as traditional credit cards or private label credit cards, CuraDebt will assist you in paying it off.
What will it cost you?
The best part about CuraDebt is the way they’ve priced their services. They do not charge an upfront cost. Only pay when you settle each of your outstanding debts.
They also don’t charge high fees as well. In the average, you’ll need to pay up to 20 percent of the debt that you settled with them.
In general, this type of industry charges from 15% to 25 percentage.
Moreover, clients can expect to settle their debts within between 2 and 4 years. This varies according to the amount you are able to save each month.
They also claim that you can save up to 30% when you factor in their charges into your calculation.
However, the claim may vary, depending on the situation. Some clients even mentioned saving between 50% and 80%.
Advantages to using CuraDebt
Once you’ve got an idea of what CuraDebt can provide, let’s look into the advantages of using CuraDebt.
The first is that CuraDebt will only charge you once you’ve paid off your debt. Additionally they charge only a 20% fee while the majority of companies charge 25%.
Next, if you’re done in the process of debt resolution you can also sign up for their credit restoration program.
It’s an excellent method to improve your credit score without having to go into debt again. The program is however designed in a different way for each individual dependent on the circumstances of your case.
Finally, CureDebt looks into your financial obligations to assist with settlements and negotiations. This means the amount you owe won’t rise as time passes. They’ll also be looking into any violations by creditors using their experts in-house.
Drawbacks of using CuraDebt
We will also examine some of the negatives of CuraDebt.
Debt settlement and debt relief often require you to stop paying with your credit card. If you’re trying to build a better rating on your credit, this may set you back while you’re working on your debt.
CureDebt doesn’t even have a mobile app available. While they do have a client website but it’s aged and simple. It’s not particularly intuitive and could be challenging to navigate.
Moreover, they are still not accredited with their Better Business Bureau although they received an A+ grade.
The Final Verdict
CuraDebt is a good program that will allow you to resolve your debt without having to spend more for these types of services. Additionally their 20% service cost is less expensive than the majority of companies that offer an additional 25% charge. There aren’t any upfront fees and you’ll only have to pay the fee when the debt is settled.
While they’ll provide you with an account so that you can track your progress but their website isn’t user-friendly. CuraDebt also doesn’t have an app that could make it easier for you to look at your progression. Tax Relief On Retirement Annuity Contributions
However, they have a good support team, and you can reach them not only through emails but by phone or by making an electronic ticket. Tax Relief On Retirement Annuity Contributions
If problem of debt is an problem, then we strongly recommend CuraDebt’s debt management program. Be sure to be eligible and that the services they offer are available in your state.
FAQ Tax Relief On Retirement Annuity Contributions
What is the time frame to finish the program?
The average program is 24 to 48 months, dependent on the size of your debt and the stipulated settlement.
Can CuraDebt aid with tax problems in the state?
Yes, CuraDebt has a tax relief program to help you with problems such as delinquent payroll tax and garnishments on wages.
What should I do after joining the program?
You’ll be required to communicate with the team and pay the required payments to pay down your debt over time.