Have your debts been increasing lately? Are you burnt out from trying various financial tips and advice but you’re still struggling with unsolved problems?
Perhaps 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 resolve the issue.
CuraDebt is one of the companies that get the most inquiries. A lot of people are asking if they are able to help or help you get into more debt.
According to their clients they can assist you in managing 80% of your debt so that you can take couple of w
orries off your mind.
However, for certain people the claims seem too good to be true.
If you’re looking for something that will aid you in settling your debt. In that situation, CuraDebt will mostly be highly recommended by those. We’ll take a deeper study of the way CuraDebt works and what problems it can help you solve.
Furthermore, before we conclude, we’ll also look into its advantages and drawbacks.
Before you begin the review, you can check out this video instead in case you would 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 Greater Houston Community Foundation Donation For Harvey Relief Fund Tax Deductible
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000 and has been an active part of the American Fair Credit Council, the US Chamber of Commerce, and is accredited through the International Association of Professional Debt Arbitrators.
Although the service is accredited, some states have restricted their services.
What CuraDebt do?
Helping you settle your debt is one of CuraDebt’s best known feature. However, they also offer additional services to aid you in becoming more financially stable.
It all starts by requesting a no-cost savings estimate online. It is a completely private service and won’t conduct a credit inquiry. By using this estimate of savings you’ll be able to learn more about the alternatives to be debt-free.
Savings estimates, as mentioned before, gives you an insight into your choices, regardless of whether you’re planning on using CuraDebt.
CuraDebt will provide you with a financial counselor as well as a support team to assist you in navigating credit arbitration if you decide to join. Certain financial advisors can assist you with your debt-free journey.
After your debt settlement program, CuraDebt can be the company to handle all of the calls from your creditors. They will be the ones who will determine what you will pay for your repayment in accordance with the state of your finances. Based on what works most effectively your situation, the payment could be a lump-sum settlement or a payment plan.
Additionally they will also work with creditors so that you can have better rates as you deposit money to your savings account, which in turn, will be processed to pay the creditors. Their programs can assist you to get rid of debt in just the period of 48 months.
Once you’ve signed up with them, they’ll give you access to your information 24/7. All you need to do is login to CuraDebts Client Portal to track your progress.
Before you can benefit from the program, you’ll have to satisfy their criteria first. To be eligible, you’ll need to be:
- Minimum 21 years old
- Verifiable income
- Minimum debt must be $5,000
What can they assist 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 most types of debt. These include medical bills, personal loans, credit cards as well as loans. They are also able to settle any outstanding balance on business debt collection, repossessions, or collections.
They may even assist you in negotiating for back taxes and IRS debt. However, you will not receive support for most of your lawsuits, loans from the government, collateral, and utility bills. The same goes for student loans.
On the contrary, they’ll assist you in navigating laws such as that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find debtors who are in violation so that you can have cash settlements, if they are possible. Some violations can also result in having your debts dismissed as well.
CuraDebt can also help you pay off debts with less than the amount you have. You can also inquire about your debt during their no-cost meeting with their debt counsellor.
The best part about their program is that you’ll only pay the fees when your debt is paid off. All you need to sign up for some of their programs, 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. Once they’ve gathered all your financial documentation, they will also collect all the documents you’ll require for tax returns.
With this program, you’ll be able to deal with different types of taxes such as wage garnishments, tax penalties, personal and corporate taxes, back taxes, trust fund penalties, and tax lien.
There aren’t hidden fees neither are there hidden fees. They only use flat-fee pricing, which depends on the amount you’ll need to settle.
They offer different options in paying off the tax debt. Here are 6 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 debt settlement is their specialization however, they do not provide all kinds of debt settlement. CuraDebt is only focused on loans that are not secured. They aren’t able to assist you if your debt or loan is tied to a physical item.
If, however, you are in the following kinds of debt, they will arrange settlements for you.
With CuraDebt the service, you’ll be able to settle your past-due tax debts without difficulty. Additionally, this service is available to all 50 states if you have a debt towards the IRS. There are tax experts from the federal government 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 owe.
Private Student Loan
CuraDebt does not offer Federal student loan. They can however assist private students negotiate any loans they owe.
Payday loans and personal loans also qualify for the debt settlement program. You may also be eligible of the program if you also have other unsecured credit lines that you have obtained from an alternative bank or financial institution.
Credit Card Debt
Whether you have debt with store credit cards or traditional credit cards as well as private label credit card CuraDebt can assist you in paying it off.
What will it cost you?
The greatest thing about CuraDebt is how they’ve priced their service. They don’t charge an upfront fee. Only pay when you settle each of your outstanding debts.
Also, they do not charge high charges either. On average, you’ll have to pay between 20 and 20% of the debt you settled through them.
On average, this type of industry can charge anywhere between 15% and 25 percent.
In addition, customers can expect to settle their debts within two to four 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% by incorporating their costs into your calculations.
However, this statement will depend on your situation. Some customers even claimed to save 50 to 80percent.
The benefits of using CuraDebt
Once you’ve got a clearer picture of what CuraDebt can offer you let’s explore the benefits from using CuraDebt.
In the beginning, CuraDebt will only charge you after you’ve settled your debt. Furthermore, they only charge a 20% fee while most companies charge you 25%.
Then, if you’re done by the program for debt relief you could also sign up for their credit repair program.
It’s a great option to rebuild the credit rating without having to go in debt again. The program is however designed in a different way for each individual according to your personal situation.
Finally, CureDebt looks into your credit to assist in settlements and negotiations. So, your debt won’t inflate over time. They’ll also investigate any violations by creditors using their in-house experts.
Some disadvantages to using CuraDebt
Let’s also consider some of the drawbacks of CuraDebt.
Debt relief and debt settlements often require you to stop paying with the credit card you use. Therefore, if you’re trying build a better standing on credit scores, you could delay you from working on your credit card debt.
CureDebt doesn’t even have a mobile app. Although they have a client website however, it appears old and mundane. It’s not particularly intuitive, and it can be challenging to navigate.
Moreover, they are still not credited with their Better Business Bureau although they were awarded an A+ rating.
The Final Verdict
CuraDebt is a useful program that lets you settle your debt without spending more for these types of services. Moreover, their 20% service cost is cheaper than most companies that offer a 25% fee. There is no upfront payment, and you will only be required to pay once the debt is paid off.
While they’ll provide you with an account that allows you to track your progress, their website is not user-friendly. CuraDebt does not have an app, which will make it easier to track your progress.
They do have a competent support staff that you can contact them not only through emails but by phone or by submitting an e-ticket. The Greater Houston Community Foundation Donation For Harvey Relief Fund Tax Deductible
If your problem of debt is an problem right now, we recommend CuraDebt’s service. Just make sure that you’re qualified and that the services that they provide are offered in your state.
FAQ The Greater Houston Community Foundation Donation For Harvey Relief Fund Tax Deductible
How long will it take to complete the course?
The typical program lasts from between 24 and 48 months dependent on the size of your debt as well as the stipulated settlement.
Can CuraDebt aid with tax problems in the state?
Sure, CuraDebt provides tax relief programs that can aid you in dealing with problems such as late payroll tax and garnishments on wages.
What should I do after joining the program?
You’ll be required to communicate with the team and make the necessary payments to reduce your debt over time.