Has your debt been increasing lately? Are you exhausted from trying various financial advice and tips but haven’t solved your problems?
Perhaps you’re here because you’ve been through every thing.
In the majority of cases, the best way is to approach professionals that can help you resolve the issue.
CuraDebt is among the most asked companies. A lot of customers have asked if they can assist you or put you into more debt.
According to their customers, they can help you control 80percent of your debt , so you can take couple of things off your mind.
For some the claims seem too good to be true.
If you’re looking for something that will help you resolve your debt. If that’s the scenario, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep look at how CuraDebt works and what problems it can help you solve.
In addition, prior to our conclusion, we’ll also look into its advantages and drawbacks.
Before you begin the review, you can go to this video for a more relaxing way watching it.
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 our article for a more comprehensive review of CuraDebt.
About the Company The Taxpayer Relief Act Of 1997 Added Section 1402(K) To The Tax Code
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was founded in 2000 and has since become a 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 imposed restrictions on their services.
What CuraDebt do?
Helping you settle your debt is one of CuraDebt’s best popular feature. But they offer additional services to assist you in becoming financially stable.
First of all, it begins with requesting a free savings estimate on the internet. It is a completely private service and they will not conduct a credit inquiry. With this estimate of savings you’ll be able to discover more about options to debt-free.
The savings estimate, as we’ve mentioned before, gives you an idea of your choices regardless of whether you’re planning on using CuraDebt.
CuraDebt will assign you a financial counselor and a support team to assist you in navigating credit arbitration in the event that you decide to join. Some financial advisors can help you with your debt-free journey.
After your debt settlement program is completed, CuraDebt can be the agency to handle all of your creditor’s calls. They’ll be the ones who will determine what you will pay for your payment based on the status of your finances. Depending on which works most effectively for you, it can either be a lump sum settlement or the option of a payment plan.
Moreover, they will be working with the creditors so that you can have better rates as you make deposits to your savings account. This, is then processed to pay back creditors. Their plans can help you get rid of debt in just the period of 48 months.
Once you’ve signed up with them, they’ll provide you with access to your information 24/7. All you have to do is log in to CuraDebts Client Portal to monitor your development.
Before you can benefit from their program, you’ll need to pass their requirements first. In order to be considered eligible for the program, you’ll have to meet the following criteria:
- Minimum 21 years old
- Have a verifiable income
- You must have a minimum balance of $5,000
What can they help you with?
Here are the various ways CuraDebt can help you.
Like their name implies, CuraDebt can help you deal with your debt. They are able to negotiate settlements on your behalf to settle most types of debt. These include medical bills, personal loans credit cards as well as line of credit. You can also approach them to settle any outstanding balance on business debt, collections, or repossessions.
They may even assist you in negotiating on tax owed and IRS debt. However, you will not receive assistance for the majority claims, loans from the government, collateral, and utility bills. The same goes for student loans.
On the contrary, they’ll help you use laws like that of Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find the violations of creditors in order to get cash settlements, if possible. Some violations can also result in having your debts dismissed as well.
CuraDebt also allows you to settle debt with less than the sum you have. Additionally, you can ask questions during their free meeting with their debt advisor.
The most appealing aspect of their program is that you will only pay the fees after your debt has been settled. All you have to sign up for one of their plans, and you’ll be able to pay off all your debts.
Tax Management and Relief
CuraDebt can also help you with the tax liabilities you have. Once they collect all of your financial documentation and tax documents, they’ll also collect all the paperwork you’ll need to file tax returns.
By using this program, you will be able to deal with different types of taxes like garnishments on wages, tax penalties, personal and taxation for business, back taxes and trust fund penalties and tax liens.
There aren’t any hidden costs either. They only offer flat-fee prices and is dependent on the amount that you’ll need to settle.
There are a variety of options for paying off your tax debt. Here are six of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What kinds of debts are they able to help with?
Although debt settlement is their forte but they aren’t able to offer all kinds of settlement. CuraDebt is only focused on unsecured debt. They aren’t able to assist 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 will make arrangements for settlements.
With CuraDebt the service, you’ll be able to settle taxes that are due without difficulty. Furthermore, this service is accessible across all 50 states, if you have a debt towards the IRS. There are tax experts from the federal government to assist you with these types of issues.
CuraDebt can also assist in settling the medical bills. In certain cases, you may even pay the debt for less than you owe.
Private Student Loan
CuraDebt doesn’t cater to Federal student loan. They can however assist private students in negotiating the student loans they have to pay.
Payday loans and personal loans are also eligible to be eligible for debt relief programs. You can also avail if you have other unsecured credit lines that you got from a different bank or financial institution.
Credit Card Debt
If you are in debt through store credit cards as well as traditional credit cards as well as private label credit card, CuraDebt will assist you in paying it off.
What is the cost?
The best part about CuraDebt’s pricing is how the company has priced its services. They don’t charge upfront fees. You’ll only pay once you’ve paid each of your outstanding debts.
Also, they don’t charge high fees as well. In the average, you’ll need to pay as much as 20 percent of the debt you settled with them.
In general, this type of industry can charge anywhere between 15 and 25%.
Additionally, customers can anticipate to pay off their debts in between 2 and 4 years. This varies in relation to the amount you are able to save each month.
Also, they claim you can save up to 30% by incorporating their charges into your calculation.
But this claim will also depend on your specific situation. Some clients even mentioned saving between 50% and up to 80%.
Benefits of using CuraDebt
Now that you have an understanding of what CuraDebt offers, let’s explore the benefits of using CuraDebt.
In the beginning, CuraDebt will only charge you once you’ve paid off your debt. Additionally they only charge a 20% fee while the majority of companies charge 25%.
If you’re finished with the debt settlement program you can enroll in their credit repair program.
It’s a great option to rebuild your credit score without having to go in debt again. However, the program lasts in a different way for each individual according to your personal situation.
In the end, CureDebt looks into your financial obligations to help with settlements and negotiations. It means that the amount you owe won’t rise as time passes. They’ll also be looking into any violations by creditors with the help of their in-house experts.
Drawbacks of using CuraDebt
We will also examine some of the disadvantages of CuraDebt.
Debt relief and debt settlements often require you to stop paying with . So if you’re trying to increase your standing on credit scores, you could cause you to delay getting rid of your credit card debt.
CureDebt does not have a mobile app. While they have a website for clients, it looks aged and simple. It’s not very intuitive and could be difficult to navigate.
Moreover, they are still not credited with their Better Business Bureau although they received an A+ grade.
The Final Verdict
CuraDebt is a useful program that will allow you to settle your debt without spending more for these types of services. Additionally their 20% service charge is lower than many companies that offer the 25% cost. There aren’t any upfront fees and you’ll only have to pay the fee when your debt is finally settled.
Although they’ll allow you to access an account so that you can track your progress, their website is not easy to navigate. CuraDebt also doesn’t have an app that could make it easier for you to monitor your performance.
But, they do have a competent support staff that you can contact them, not only via emails but also via phone or submitting an e-ticket. The Taxpayer Relief Act Of 1997 Added Section 1402(K) To The Tax Code
If the debt is a big problem right now, we strongly recommend CuraDebt’s debt management program. Be sure to be eligible and that the programs that they provide are offered in your state.
FAQ The Taxpayer Relief Act Of 1997 Added Section 1402(K) To The Tax Code
How long does it take to finish the program?
The typical program lasts from 24 to 48 months, dependent on the size of your debt as well as your stipulated settlement.
Can CuraDebt help with tax problems in the state?
Sure, CuraDebt provides tax relief programs that will aid you in dealing with problems such as delinquent payroll tax and garnishments on wages.
What do I need to do when I’m enrolled in the program?
You’ll be required to communicate with the team and pay the required payments to lower the amount of debt you have over time.