Have your debts been increasing lately? Are you exhausted from trying other financial tips and advice but haven’t solved your problems?
Perhaps you’re here because you’ve tried every thing.
In most cases, the best option is to speak with experts who can help to resolve this issue.
CuraDebt is among the companies that get the most inquiries. Many people are asking if they can help you or put you in more debt.
According to their clients they can assist you in managing the majority of your debts so that you are able to take couple of worries off your plate.
However, for certain people the claims seem too good to be true.
Suppose you’re on the lookout for any solution that could help you resolve your debt. If that’s the scenario, CuraDebt will mostly be suggested by people. We’ll take a deeper look at how CuraDebt operates and what issues it can solve for you.
In addition, prior to our conclusion we’ll look at the advantages and disadvantages of this method.
Before beginning the review, check out this video instead if you prefer to watch it.
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 review. Afterward, you’ll want to read the rest of the article for a more comprehensive review.
About the Company Tax Relief On Unemployment
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was established in 2000 and has been an active part of the American Fair Credit Council, the US Chamber of Commerce, and accredited by the International Association of Professional Debt Arbitrators.
Although it is accredited, certain states have imposed restrictions on their services.
What CuraDebt do?
Helping you pay off your debt is CuraDebt’s most popular feature. However, they also offer additional services to help you be more financially stable.
First of all, it begins with requesting a free savings estimate on the internet. The service is completely confidential and they will not be conducting a credit screening. With this savings estimate you’ll be able to discover more about options towards debt-free.
This estimate of savings, as mentioned before, gives you an insight into your options regardless of whether you’re going to keep using CuraDebt.
CuraDebt will assign you a financial advisor as well as a support team to help you with 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 the debt settlement program is completed, CuraDebt will be the company to answer all of the calls from your creditors. They’ll also be the ones who will determine the terms of your settlement depending on the condition of your finances. In determining which option is the most effectively your situation, the payment can be a lump-sum settlement or the option of a payment plan.
Moreover they will also 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 creditors. Their programs can assist you to get rid of debt in just two years.
After you’ve registered with them, they’ll give you access to your data 24/7. All you need to do is sign in to CuraDebts’ client portal to monitor your development.
Before you can benefit from their program, you’ll need to pass their requirements first. To be eligible, you’ll have to meet the following requirements:
- At least 21 years old
- Verifiable income
- Minimum debt must be $5,000
What are they able to assist you with?
Here are some of the ways CuraDebt can aid you.
Like their name implies, CuraDebt will assist you in dealing with debt. They are able to negotiate settlements on your behalf to settle the majority of types of debt. This includes personal loans, medical bills credit cards and also loans. They can also be approached to settle any outstanding amount on business debts, collections, or repossessions.
They may even assist you in negotiating with back taxes and IRS debt. However, you will not receive support for most of your lawsuits, loans from the government as well as collateral and utility bills. Also, they don’t cover the majority of student loans.
On the other hand, they will assist you with laws like the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find the violations of creditors to ensure that you receive cash settlements, if they are possible. Certain violations may cause your debt to be removed as well.
CuraDebt also allows you to pay off debts with less than the sum you have. They also allow you to ask questions during their free consult with their debt counselor.
The greatest benefit of their plan is that you’ll only be charged once your debt is settled. All you need to do is sign up with any of the plans and you’ll be able settle each of your debts.
Tax Management and Relief
CuraDebt can also help you with taxes. Once they collect all of your financial records, they will also collect all the necessary paperwork for tax returns.
With this program, you should be able to solve various tax issues like wage garnishments as well as tax penalties for personal and corporate taxes and back taxes and trust fund penalties and tax liens.
There aren’t any hidden charges also. They use only flat-fee pricing and is dependent on the amount you have to pay.
There are a variety of options for settling the tax debt. Here are six of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What types of debt can they help you with?
Although they specialize in debt settlement, it is not their specialization however, they do not provide all kinds in debt resolution. CuraDebt only focuses 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 one of the following kinds of debt, they will arrange settlements for you.
With CuraDebt it is expected that you will be able to settle taxes that are due without difficulty. Moreover, this type of service is accessible across all 50 states, if you owe money towards the IRS. There are tax experts from the federal government that can help you resolve the issues.
CuraDebt will also help you resolve the medical bills. In some instances, you may even pay them for less than what you have to pay.
Private Student Loan
CuraDebt does not offer federal student loans. Still, they can help private students negotiate any student loans that they owe.
Personal and payday loans are also eligible for the debt settlement program. It is also possible to avail the program the program if you have other unsecure credit lines that you have obtained from another bank or financial institution.
Credit Card Debt
If you’re in debt using store credit cards, traditional credit cards, as well as private label credit card, CuraDebt can assist you in paying it off.
What will it cost you?
The best part about CuraDebt’s pricing is how they’ve priced their services. They don’t charge an upfront fee. You’ll only pay once you’ve paid each of your debts.
Additionally, they do not charge high fees as well. On average, you’ll be required to pay as much as 20 percent of the debt you settled with them.
On average, this type of business can cost anywhere between 15% and 25 percentage.
In addition, customers can expect to settle their debts within two to four years. But, it also differs in relation to the amount you are able to save each month.
Additionally, they claim you can save as much as 30% when you factor in their fees in your equation.
But this claim will also differ based on the situation. Some clients even mentioned saving between 50% and 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 of using CuraDebt.
In the beginning, CuraDebt is only charged once you’ve paid off your debt. Additionally they only charge a 20% fee while the majority of companies charge 25 percent.
Then, if you’re done by the program for debt relief, you may join their credit restoration program.
It’s a fantastic method to improve the credit rating without having to go in debt again. However, the program runs different for every person dependent on the circumstances of your case.
Finally, CureDebt looks into your debt so that they can assist with settlements and negotiations. It means that your debt won’t increase over time. They’ll also look into any violations by creditors using their own experts.
The drawbacks of using CuraDebt
Let’s also consider some of the disadvantages of CuraDebt.
Debt settlement and debt relief usually require that you stop making payments using your credit card. Therefore, if you’re trying improve your credit score, it could delay you from finishing your obligations.
CureDebt does not have a mobile app. While they have a website for clients but it’s aged and simple. It’s not particularly intuitive and could be challenging to navigate.
Moreover, they are still not recognized by the Better Business Bureau although they were awarded an A+ grade.
The Final Verdict
CuraDebt is a great program that allows you to resolve your debt without having to spend more on these kinds of services. Additionally the 20% service fee is lower than many businesses that charge the 25% cost. There is no upfront payment, and you will only have to pay when the debt is settled.
Although they’ll give you an account to see your progress however, their website isn’t easy to navigate. CuraDebt does not have an app yet, which could make it easier for you to monitor your performance. Tax Relief On Unemployment
But, they do have a competent support staff that you can contact them not only through emails but by phone or by submitting an electronic ticket. Tax Relief On Unemployment
If the debt is a big 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 On Unemployment
How long does it take to finish the program?
The typical program lasts from 24 to 48 months, dependent on the size of your debt and the agreement on the settlement.
Can CuraDebt aid with tax problems in the state?
Yes, CuraDebt provides tax relief programs that will help you with problems such as delinquent payroll taxes and garnishments on wages.
What should I do once I’m in the program?
You’ll need to constantly communicate with your team members and pay the required payments to reduce the amount of debt you have over time.