Has your debt increased lately? Are you exhausted from trying various financial tips and advice but still have unsolved issues?
Perhaps you’re here because you’ve tried every thing.
In the majority of cases, your best way is to approach professionals that can help to resolve this issue.
CuraDebt is one of the most asked companies. Many 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 are able to take couple of w
orries off your plate.
However, for certain people, these claims are just too good to be true.
You might be looking for any solution that could help you resolve your debt. In this case, CuraDebt will mostly be suggested by people. We’ll be taking a deep study of the way CuraDebt is used and the problems it can solve for you.
Moreover, before we end we’ll look at its benefits and drawbacks.
Before starting the review, watch this video instead if you prefer for it to be watched.
Otherwise, let’s begin.
Before you go on, you may want to check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick review. Afterward, you will want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company The Tax Relief Act
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000 and has since become a member of the American Fair Credit Council, the US Chamber of Commerce, and accredited by the International Association of Professional Debt Arbitrators.
While it is accredited, some states have limited their access to their services.
What can CuraDebt do?
Helping you settle your debt is one of CuraDebt’s best known feature. They also provide other services that can aid you in becoming more financially stable.
First of all, it begins by requesting a free savings estimate online. This service is very confidential and they will not be conducting a credit screening. With this estimate of savings, you will be able to learn more about the alternatives towards debt-free.
Savings estimates, which was mentioned earlier, provides you with the opportunity to consider your options regardless of whether or not you’re planning on using CuraDebt.
CuraDebt will provide you with a financial counselor as well as a support team to help you with credit arbitration if you decide to sign up. Certain financial advisors can assist you on your path to debt-free living.
Following the debt settlement program, CuraDebt is the one to handle all of your creditor’s calls. They’ll be the ones who negotiate conditions of the repayment based on the status of your finances. Based on what works best your situation, the payment could be a lump-sum settlement or a payment plan.
Additionally they will be working with lenders to help you enjoy better rates when you transfer money into your savings account. This in turn, will process to pay the creditors. Their programs can assist you to settle the debt within the period of 48 months.
After you’ve signed up with them, they will give you access to your account information 24 hours a day. All you have to do is login to CuraDebts the client portal to track your progress.
Before you can avail of the program, you’ll have to pass their requirements first. For eligibility, you’ll have to meet the following criteria:
- At least 21 years old
- Verifiable income
- Minimum debt must be $5,000
What are they able to assist you?
Here are the different ways CuraDebt can assist you.
The name of the company suggests that CuraDebt can help you deal your debt. They can negotiate settlements on your behalf for all kinds of debt. This includes personal loans, medical bills, credit cards as well as lines of credit. They can also be approached to settle any outstanding balance on business debt and collections or repossessions.
They can even help negotiate on tax owed as well as IRS debt. But, you won’t receive assistance for the majority claims, loans from the government as well as collateral and utility bills. The same goes for student loans.
On the other hand, they can 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 in order to get cash settlements, if possible. Some violations can also lead to having your debts dismissed as well.
CuraDebt also allows you to repay debt for less than the sum you have. Additionally, you can ask questions during their free consult with their debt counsellor.
The greatest benefit of their program is that you’ll only pay the fees once your debt is settled. All you need to sign up to some of their programs and you’ll be able to resolve all of your debts.
Tax Management and Relief
CuraDebt can also deal with taxes. Once they’ve gathered all your financial records They will also gather all the paperwork you’ll need for tax returns.
Through this program, you’ll be able to resolve different types of taxes such as 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 hidden fees also. They only use flat-fee pricing and is dependent on the amount that you’ll need to settle.
They offer different options when it comes to the settlement of the tax debt. Here are 6 options:
- 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?
While debt settlement is their specialization however, they do not provide all kinds of settlement. CuraDebt only focuses on unsecured debt. They won’t be able to help you if your loan or debt is linked to an item that is physical.
If you do have one of the following kinds of debt, they’ll arrange settlements for you.
With CuraDebt, you should be able pay off taxes that are due without any problems. Moreover, this type of service is offered across all 50 states, if 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 help resolve any medical-related debt. In some cases you might even be able to pay the debt for less than you have to pay.
Private Student Loan
CuraDebt does not offer Federal student loan. They can however assist private students in negotiating the student loans they have to pay.
Personal and payday loans also qualify to be eligible for debt relief programs. You can also avail of the program if you also have other unsecured credit lines you obtained from an alternative bank or financial institution.
Credit Card Debt
Whether you have debt with store credit cards or traditional credit cards and private-label credit cards, CuraDebt will assist you in paying it off.
How much will it cost?
The most appealing aspect of CuraDebt is the way they’ve priced their service. They don’t charge upfront fees. Only pay when you have paid off all of your debts.
Also, they do not charge high costs either. In the average, you’ll need to pay up to 20 percent of the debt that you settled with them.
On average, this type of industry can charge anywhere between 15% and 25 percent.
In addition, customers can expect to settle their debt from two to four years. However, this also varies depending on the amount that you are able to save each month.
They also claim that you could save up to 30% if you include their charges into your calculation.
But this claim will also vary, depending on your specific situation. Some customers even claimed to save 50% to up to 80%.
Benefits of using CuraDebt
Now that you have a clearer picture of the benefits CuraDebt can provide, let’s look into the advantages of using CuraDebt.
The first is that CuraDebt only charges you once you’ve paid off your debt. Additionally they charge only a 20% fee while many companies charge 25 percent.
If you’re finished by the program for debt relief you may enroll in their credit repair program.
It’s a fantastic option to rebuild your credit score without going back into debt. However, the program lasts differently for each person according to your personal situation.
Finally, CureDebt looks into your financial obligations to help with settlements and negotiations. It means that the amount you owe won’t rise over time. They’ll also investigate any violations by creditors using their own experts.
The drawbacks of using CuraDebt
We will also examine some of the negatives of CuraDebt.
Debt relief and debt settlements often require you to stop paying with your credit card. So if you’re trying to increase your rating on your credit, this could delay you from working on your credit card debt.
CureDebt does not offer a mobile application. While they have a website for clients but it’s outdated and basic. It’s not very user-friendly, and can be challenging to navigate.
In addition, they’re not accredited with their Better Business Bureau although they did receive 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. Additionally the 20% service fee is less expensive than the majority of businesses that charge the 25% cost. There aren’t any upfront fees and you’ll only have to pay the fee when your debt is finally settled.
While they’ll provide you with an account that allows you to track your progress however, their website isn’t easy to navigate. CuraDebt does not have an app that could make it easier for you to track your progress.
But, they do have a great support team, and you can reach them not just via email but by phone or by making an e-ticket. The Tax Relief Act
If your credit card is a major problem, then we recommend CuraDebt’s service. Just make sure that you’re qualified and that the services they offer are available in your state.
FAQ The Tax Relief Act
How long does it take to finish the program?
The average program is 24 to 48 months, dependent on the size of your debt as well as your stipulated settlement.
Can CuraDebt aid with state tax problems?
It is true that CuraDebt offers a program for tax relief that will help you with problems like delinquent tax issues and garnishments on wages.
What’s the first thing I have to do after joining the program?
You’ll need to constantly communicate with the team and pay the required payments to lower your debt over time.