Has your debt been increasing lately? Are you tired of trying various financial advice and tips but you’re still struggling with unsolved problems?
Perhaps you’re here because you’ve already tried every thing.
In the majority of cases, your most effective approach is to talk to professionals that can help to resolve this issue.
CuraDebt is one of the companies that get the most inquiries. A lot of people have been inquiring whether they are able to help or put you into more debt.
According to their clients, they can help you control 80percent of your debt , so you can take few things off of your shoulders.
For some, these claims are just too good to be true.
If you’re looking for anything that can aid you in settling your debt. If that’s the case, CuraDebt will mostly be suggested by people. We’ll be taking a deep review of the way CuraDebt is used and the problems it can solve for you.
In addition, prior to our conclusion 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 to watch it.
Otherwise, let’s begin.
Before you continue, you may want to check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick review. After, you will want to read the rest of our article for a more comprehensive review.
About the Company Tax Relief Questions To Ask
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000 and has been an active member of the American Fair Credit Council, the US Chamber of Commerce, and has been accredited through the International Association of Professional Debt Arbitrators.
While it is accredited, some states have limited their access to their services.
What CuraDebt do?
Helping you pay off your debt is the most popular feature. However, they also offer additional services to assist you in becoming financially stable.
First of all, it begins with requesting a free savings estimate online. The service is completely confidential, and they won’t conduct a credit inquiry. With this savings estimate, you will learn more about your other options in your journey towards debt-free.
Savings estimates, as we’ve mentioned previously, offers you an idea of your choices regardless of whether or not you’re going to keep using CuraDebt.
CuraDebt will provide you with a financial counselor and a team of support to assist you in navigating the process of credit arbitration should you choose to enroll. Financial advisors may be able to assist you on your path to debt-free living.
Following the debt settlement program is completed, CuraDebt is the company to answer all of your creditor’s calls. They will also be the ones that will determine conditions of the settlement in accordance with the state of your finances. In determining which option is the most effectively to you, this can be either a lump sum settlement or a payment plan.
Furthermore they will also be working with creditors so that you can enjoy better rates when you transfer money into your savings account. This, in turn, will process to pay off the creditors. Their plans can help you settle the debt within 48 months.
After you’ve registered with them, they’ll give you access to your account information 24 hours a day. All you need to do is sign in to CuraDebts the client portal to monitor your progress.
Before you can avail of their program, you’ll need to pass their requirements first. For eligibility, you’ll have to meet the following criteria:
- Minimum 21 years old
- Earn a reliable income
- Have a minimum debt of $5,000
What can they help you?
Here are the various ways CuraDebt can help you.
Like their name implies, CuraDebt can 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, as well as line of credit. You can also approach them to help settle any remaining balance of business debt, collections, or repossessions.
They may even assist you in negotiating with back taxes and IRS debt. But, you won’t receive support for most claims, loans from the government as well as collateral and utility bills. They also don’t cover most student loans.
On the contrary, they’ll assist you with laws like that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They can also assist you in identifying the violations of creditors to ensure that you receive cash settlements, if they are possible. Certain violations could cause your debt to be dismissed as well.
CuraDebt lets you settle debt with less than the sum you have. Additionally, you can ask questions during their free meeting with their debt counsellor.
The best part about their plan is that you’ll only pay the fees once your debt is settled. All you need to sign up for any of the plans and you’ll have the ability to settle each of your debts.
Tax Management and Relief
CuraDebt can also help you with the tax liabilities you have. After they have gathered all your financial documentation and tax documents, they’ll also collect all the paperwork you’ll need for tax returns.
By using this program, you should be able to resolve different types of taxes like garnishments on wages and tax penalties, personal and corporate taxes as well as back taxes and trust fund penalties and tax lien.
There aren’t any hidden charges either. They only offer flat-fee prices that is based on the amount you’ll must settle.
There are a variety of options when it comes to paying off the 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 can they assist you with?
Although they specialize in debt settlement, it is not their forte however, they do not offer all kinds of settlement. CuraDebt is only focused on loans that are not secured. They aren’t able to help you if the credit or loan is tied to a physical item.
If you do have the following types of debt, they will negotiate settlements on your behalf.
With CuraDebt it is expected that you will be able pay off taxes that are due without any problems. Moreover, this type of service is accessible to all 50 states in the event that you owe money towards the IRS. There are tax experts from the federal government who can assist you in resolving these kinds of problems.
CuraDebt can also assist in settling your medical debt. In some instances, you may even pay them for less than what you owe.
Private Student Loan
CuraDebt does not offer Federal student loan. They can however assist private students in negotiating the student loans they owe.
Payday loans and personal loans also qualify to be eligible for debt relief programs. You can also avail the program if you have other unsecure credit lines that you got from another financial institution or bank.
Credit Card Debt
If you are in debt through store credit cards as well as traditional credit cards or private label credit cards CuraDebt will assist you in paying it off.
What is the cost?
The most appealing aspect of CuraDebt’s pricing is how the company has priced its services. They don’t charge an upfront fee. Only pay when you settle each of your outstanding debts.
They also do not charge high charges either. On average, you’ll have to pay between 20 and 20 percent of the debt you settled through them.
On average, this type of business can cost anywhere from 15% to 25 percentage.
In addition, customers can expect to settle their debts within between 2 and 4 years. However, this also varies in relation to the amount you are able to save each month.
They also claim that you could save as much as 30% when you factor in their costs into your calculations.
But this claim will also depend on your situation. Some clients even mentioned saving 50 to 80percent.
Benefits of using CuraDebt
Now that you have an understanding of the benefits CuraDebt can offer you Let’s take a look at the benefits that come with using CuraDebt.
In the beginning, CuraDebt only charges you after you’ve settled your debt. Furthermore they only charge 20% of the cost, whereas many companies charge 25%.
Next, if you’re done with the debt settlement program you may join their credit restoration program.
It’s an excellent option to rebuild your credit score without having to go into debt again. However, the program runs different for every person according to your personal situation.
Lastly, CureDebt looks into your debt so that they can help with settlements and negotiations. It means that your debt won’t increase as time passes. They’ll also be looking into any violations of creditor using their in-house experts.
Some disadvantages to the use of CuraDebt
Let’s also consider some of the negatives of CuraDebt.
Debt settlement and debt relief usually require that you stop paying with . If you’re trying to build a better standing on credit scores, you might delay you from finishing your debt.
CureDebt also doesn’t offer a mobile application. While they do have a client website but it’s old and mundane. It’s not very intuitive and could be challenging to navigate.
Furthermore, they are not credited with their Better Business Bureau although they were awarded an A+ rating.
The Final Verdict
CuraDebt is a good program that will allow you to resolve your debt without having to spend more on those types of services. Moreover the 20% service charge is lower than many businesses that charge an additional 25% charge. There is no upfront payment, and you will only be required to pay once the debt is paid off.
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, which would make it easier to track your progress.
However, they have a competent support staff that you can contact them not only through emails but also by phone or submitting an e-ticket. Tax Relief Questions To Ask
If the credit card is a major problem right now, we strongly recommend CuraDebt’s debt management program. Be sure to be eligible and that the services that they provide are offered in your state.
FAQ Tax Relief Questions To Ask
How long will it take to finish the program?
The average program is between 24 and 48 months dependent on the size of your debt and the agreed settlement.
Can CuraDebt assist in the fight against state tax issues?
It is true that CuraDebt offers a program for tax relief to assist you with issues such as late payroll tax issues and garnishments of wages.
What do I need to do once I’m in the program?
You’ll be required to communicate with the team and pay the required payments to lower your debt over time.