Have your debts increased lately? Are you burnt out from trying various financial advice and strategies but haven’t solved your problems?
Maybe you’re here because you’ve tried everything.
In the majority of cases, the best way is to approach experts who can assist you resolve the issue.
CuraDebt is among the most frequently contacted companies. A lot of customers have asked if they can assist you or put you in 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 shoulders.
However, for certain people, these claims are just too good to be true.
Suppose you’re on the lookout for something that will aid you in settling your debt. If that’s the case, CuraDebt will mostly be highly recommended by those. We’ll be taking an in-depth review of how CuraDebt works and what problems it can help you solve.
Furthermore, before we conclude, we’ll also look into its advantages and drawbacks.
Before beginning the review, go to this video for a more relaxing way for it to be watched.
Otherwise, let’s begin.
Before you go on, you may want to watch this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick overview. After, you will want to read the rest of the article for a more comprehensive review.
About the Company The Mortgage Tax Relief Act
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was established in 2000 and has since become an active part of the American Fair Credit Council, the US Chamber of Commerce, and has been accredited by 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 one of CuraDebt’s best known feature. They also provide additional services to help you be more financially stable.
The process starts by requesting a no-cost savings estimate online. It is a completely private service and they will not be conducting a credit screening. By using this estimate of savings, you will be able to learn more about the other options in your journey to be debt-free.
The savings estimate, as we’ve mentioned previously, offers you an idea of your options, regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial advisor and a team of support to help you with the process of credit arbitration should you choose to join. Some financial advisors can help you in your debt-free journey.
Following your debt settlement program is completed, CuraDebt can be the one to answer all of your creditor’s calls. They will also be the ones that negotiate the terms of your repayment based on the status of your finances. Based on what works best your situation, the payment can either be a lump sum settlement or a payment plan.
Moreover they will also work with creditors to ensure that you enjoy better rates when you make deposits to your savings account. This in turn, will be processed to pay off creditors. Their plans can help you pay off the debt in two years.
After you’ve signed up with them, they’ll give you access to your data 24/7. All you have to do is log in to CuraDebts’ client portal to monitor your performance.
Before you can avail of the program, you’ll have to pass their requirements first. In order to be considered eligible for the program, you’ll need to meet the following criteria:
- At least 21 years old
- Have a verifiable 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 help you deal your debt. They can negotiate settlements on behalf of you for all kinds of debt. This includes medical bills, personal loans, credit cards as well as line of credit. They can also be approached to help settle any remaining balance on business debt, collections, or repossessions.
They may also assist in negotiating with back taxes and IRS debt. However, you won’t get assistance for the majority cases, government loans as well as collateral and utility bills. The same goes for student loans.
On the other hand, they can 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 debtors who are in violation in order to get cash settlements, if possible. Certain violations could cause your debt to be removed as well.
CuraDebt also allows you to pay off debts with less than the amount you own. They also allow you to ask questions during their free meeting with their debt counsellor.
The greatest benefit of the program is that you’ll only be charged when your debt is paid off. All you have to sign up for any of the plans, and you’ll be able to resolve all of your debts.
Tax Management and Relief
CuraDebt will also handle the tax liabilities you have. Once they collect all of your financial documentation They will also gather all the necessary paperwork for tax returns.
Through this program, you should be able to deal with various tax issues such as wage garnishments as well as tax penalties for personal and taxation for business and back taxes, trust fund penalties, and tax liens.
There aren’t any hidden costs neither are there hidden fees. They use only flat-fee pricing and is dependent on the amount you’ll have to pay.
They have different solutions in the settlement of your tax debt. Here are 6 of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What types of debt can they assist you with?
Although debt settlement is their forte however, they do not offer all kinds of settlement. CuraDebt only focuses on unsecured debt. They won’t be able to assist you if your loan or debt is linked to an item that is physical.
If, however, you are in the following types of debt, they will arrange settlements for you.
With CuraDebt, you should be able to settle taxes that are due without difficulty. Additionally, this service is available to all 50 states if you have a debt to the IRS. There are federal tax experts who can assist you in resolving these kinds of problems.
CuraDebt will also help you resolve your medical debt. In certain cases, you may even pay them less than the amount you have to pay.
Private Student Loan
CuraDebt does not offer Federal student loan. Still, they can help private students with negotiating the student loans they owe.
Personal loans and payday loans also qualify as debt-settling programs. You can also avail the program if you have other unsecure credit lines you obtained from another bank or financial institution.
Credit Card Debt
Whether you have debt with store credit cards or traditional credit cards or private label credit cards CuraDebt can help you pay it off.
How much will it cost?
The best part about CuraDebt is how they’ve priced their service. They don’t charge upfront fees. The only time you pay is when you’ve paid each of your debts.
Additionally, they don’t charge high charges either. On average, you’ll have to pay as much as 20% of the debt you settled with them.
On average, this type of industry charges between 15% and 25%.
Moreover, clients can expect to settle their debts within between 2 and 4 years. But, it also differs in relation to the amount you save per month.
They also claim that you could save up to 30% when you factor in their fees in your equation.
However, this statement will vary, depending on your specific situation. Some customers have even talked about saving 50 to 80%.
Advantages to using CuraDebt
Now that you have an idea of the benefits 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 most companies charge you 25%.
Next, if you’re done with the debt settlement program you could also sign up for their credit repair program.
It’s a fantastic option to rebuild the credit rating without having to go back into debt. However, the program lasts differently for each person, depending on your situation.
In the end, CureDebt looks into your financial obligations to assist in settlements and negotiations. So, your debt won’t increase as time passes. They’ll also investigate any creditor violations using their experts in-house.
Some disadvantages to the use of CuraDebt
Let’s also look into some of the disadvantages of CuraDebt.
Debt relief and debt settlements usually require that you stop making payments using the credit card you use. So if you’re trying to increase your rating on your credit, this could cause you to delay finishing your debt.
CureDebt also doesn’t have a mobile app available. Although they have a website for clients however, it appears outdated and basic. It’s not very intuitive, and it can be difficult to navigate.
Moreover, they are still not credited with the Better Business Bureau although they received an A+ grade.
The Final Verdict
CuraDebt is a good program that allows you to settle your debt without spending more for these types of services. Moreover the 20% service cost is less expensive than the majority of businesses that charge a 25% fee. There are no upfront payments, and you will only have to pay the fee when the debt is settled.
Although they’ll give you an account that allows you to track your progress but their website isn’t user-friendly. CuraDebt does not have an app, which would make it easier to look at your progress.
But, they do have a good support team, and you can reach them not only through emails but by phone or by making an e-ticket. The Mortgage Tax Relief Act
If the problem of debt is an problem, then we highly recommend CuraDebt’s program. Be sure to be qualified and that the services that they provide are offered in your area.
FAQ The Mortgage Tax Relief Act
How long will it take to finish the program?
The average program is between 24 and 48 months depending on the amount of your debt as well as the agreement on the settlement.
Can CuraDebt assist with state tax problems?
Sure, CuraDebt has a tax relief program to assist you with issues such as delinquent payroll tax and garnishments on wages.
What should I do once I’m in the program?
You’ll need to constantly communicate with the team and make the necessary payments to reduce your debt over time.