Are you experiencing debt that has increased lately? Are you exhausted from 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 the majority of cases, the best way is to approach professionals that can help you settle this issue.
CuraDebt is among the most asked companies. Many people are asking if they can help you or put you into more debt.
According to their clients, they can help you control the majority of your debt so that you can take couple of things off your shoulders.
For some the claims seem too good to be true.
If you’re looking for any solution that could assist you in paying off your debt. If that’s the scenario, CuraDebt will mostly be suggested by people. We’ll take a deeper review of how CuraDebt operates and what issues it could help solve.
Furthermore, before we conclude, we’ll also look into its advantages and drawbacks.
Before beginning the review, go to this video if you 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 review. After, you will want to read the rest of our article for a more comprehensive review.
About the Company The American Taxpayer Relief Act Of 2021 Allowed The Payroll Tax Holiday To Expire But
CuraDebt is a debt relief company from Hollywood, Florida. It was founded in 2000 and has since become an active member of the American Fair Credit Council, the US Chamber of Commerce, and has been accredited by the International Association of Professional Debt Arbitrators.
Although the service is accredited, certain states have restricted their services.
What CuraDebt do?
Assistance in settling your debt is the most known feature. However, they also offer other services that can assist you in becoming financially stable.
The process begins by requesting a free savings estimate online. It is a completely private service, and they won’t be doing a credit check. With this savings estimate you’ll be able to learn more about your other options in your journey towards debt-free.
Savings estimates, as mentioned before, gives you the opportunity to consider your options regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial advisor and a support team to assist you in navigating the process of credit arbitration should you choose to sign up. Financial advisors may be able to assist you in your debt-free journey.
Following the debt settlement program is completed, CuraDebt is the agency to take care of all your creditors’ calls. They will be the ones who determine what you will pay for your payment depending on the condition of your finances. Depending on which works best your situation, the payment could either be a lump sum settlement or an installment plan.
Furthermore they will work with lenders to help you have better rates as you make deposits to your savings account. This, in turn, will be processed to pay back the creditors. Their plans can help you pay off the debt in two years.
After you’ve registered with them, they will give you access to your data 24/7. All you have to do is log in to CuraDebts Client Portal to track your progress.
Before you can avail of their program, you’ll need to pass their requirements first. For eligibility, you’ll need to meet the following requirements:
- At least 21 years old
- Have a verifiable income
- Have a minimum debt of $5,000
What can they help you?
Here are the different ways CuraDebt can help you.
The name of the company suggests that CuraDebt will assist you in dealing with your debt. They can negotiate settlements on your behalf to settle the majority of types of debt. They can help with medical bills, personal loans, credit cards and lines of credit. They are also able to pay off any remaining balance on business debt and collections or repossessions.
They can even help negotiate with back taxes and IRS debt. However, you will not receive support for most cases, government loans or collateral, as well as utility bills. They also don’t cover most student loans.
On the other hand, they can help you use laws like those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They can also assist you in identifying debtors who are in violation in order to get cash settlements, should it be possible. Certain violations may lead to having your debts removed as well.
CuraDebt lets you repay debt for less than the sum you have. They also allow you to inquire about your debt during their no-cost meeting with their debt advisor.
The best part about the program is that you only have to pay for the charges once your debt is settled. All you need to do is sign up with any of the plans, and you’ll have the ability to resolve all of your debts.
Tax Management and Relief
CuraDebt will also handle the tax liabilities you have. After they have gathered all your financial records and tax documents, they’ll also collect all the documents you’ll require for tax returns.
With this program, you’ll be able to resolve various tax issues such as wage garnishments, tax penalties, personal and corporate taxes as well as back taxes, trust fund penalties, and tax lien.
There aren’t any hidden costs neither are there hidden fees. They use only flat-fee pricing and is dependent on the amount you must settle.
They have different solutions for paying off taxes. Here are 6 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?
While debt settlement is their forte however, they do not cater to all types of debt settlement. CuraDebt is only focused on loans that are not secured. They won’t be able to help you if the credit or loan is tied to an item that is physical.
If you do have one of the following kinds of debt, they’ll make arrangements for settlements.
With CuraDebt, you should be able pay off taxes that are due without difficulty. Additionally, this service is accessible to all 50 states if you have a debt to the IRS. They have federal tax experts who can assist you in resolving these types of issues.
CuraDebt can also help resolve your medical debt. In some instances you could even settle them less than the amount you are owed.
Private Student Loan
CuraDebt does not cater to Federal student loan. They can however assist private students with negotiating the student loans they have to pay.
Personal and payday loans also qualify as debt-settling programs. You can also avail if you have other unsecured credit lines that you got from a different financial institution or bank.
Credit Card Debt
If you’re in debt using store credit cards as well as traditional credit cards as well as private label credit card CuraDebt can help you pay it off.
How much will it cost?
The best part about CuraDebt is how they’ve priced their services. They don’t charge an upfront fee. Only pay when you’ve paid each of your debts.
They also don’t charge high costs either. On average, you’ll have to pay as much as 20% of the debt you settled through them.
In the average, this kind of business can cost anywhere from 15% to 25%.
Moreover, clients can expect to pay off their debts in two to four years. However, this also varies according to the amount you are able to save each month.
Additionally, they claim that you could save up to 30% by incorporating their charges into your calculation.
However, the claim may differ based on the situation. Some customers even claimed to save 50 to 80percent.
The benefits of using CuraDebt
Once you’ve got an understanding of the benefits CuraDebt offers, Let’s take a look at the benefits from using CuraDebt.
In the beginning, CuraDebt is only charged when you’ve paid off your debt. Additionally, they only charge an amount of 20%, 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 repair program.
It’s an excellent way to restore the credit rating without having to go in debt again. However, the program runs different for every person, depending on your situation.
Lastly, CureDebt looks into your financial obligations to help with settlements and negotiations. So, your debt won’t increase as time passes. They’ll also be looking into any violations of creditor using their experts in-house.
Some disadvantages to using CuraDebt
Let’s also consider some of the drawbacks of CuraDebt.
Debt settlement and debt relief often require you to cease making payments with your credit card. Therefore, if you’re trying increase your credit score, it could cause you to delay finishing your credit card debt.
CureDebt does not have a mobile app available. While they have a website that clients can access but it’s old and mundane. It’s not particularly user-friendly, and can be difficult to navigate.
Furthermore, they are not recognized by their Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a good program that allows you to settle your debt without spending more for these types of services. Moreover their 20% service charge is less expensive than the majority of companies that offer the 25% cost. There is no upfront payment and you’ll only be required to pay once the debt is settled.
While they’ll provide you with an account so that you can track your progress however, their website isn’t simple to navigate. CuraDebt isn’t even an app that could make it easier for you to look at your progression.
However, they have a great support team and can be reached them, not only via emails but by phone or by making an e-ticket. The American Taxpayer Relief Act Of 2021 Allowed The Payroll Tax Holiday To Expire But
If credit card is a major issue right now, we strongly recommend CuraDebt’s debt management program. Make sure you’re eligible and that the services they offer are available in your area.
FAQ The American Taxpayer Relief Act Of 2021 Allowed The Payroll Tax Holiday To Expire But
How long will it take to complete the program?
The typical program lasts from 24 to 48 months, dependent on the size of your debt and the agreed settlement.
Can CuraDebt assist with tax problems in the state?
Sure, CuraDebt provides tax relief programs to aid you in dealing with problems such as delinquent 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 pay down your debt over time.