Have your debts been increasing lately? Are you burnt out from trying other financial tips and advice but you’re still struggling with unsolved problems?
Maybe you’re here because already tried everything.
In the majority of cases, your best option is to speak with professionals that can help you settle this issue.
CuraDebt is one of the most frequently contacted companies. Many customers have asked 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 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 anything that can help you resolve your debt. In that case, CuraDebt will mostly be recommended by people. We’ll take a deeper review of how CuraDebt is used and the problems it can help you solve.
Furthermore, before we conclude our discussion, we’ll take a look at the advantages and disadvantages of this method.
Before starting the review, 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. Afterward, you will want to read the rest of our article for a more comprehensive review.
About the Company Top Tax Debt Relief Companies
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was established in 2000, and is a participant in 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 can CuraDebt do?
Assistance in settling your debt is one of CuraDebt’s best well-known feature. However, they also offer other services that can help you be more financially stable.
The process begins with requesting a free savings estimate online. The service is completely confidential and they will not be conducting a credit screening. With this savings estimate, you will be able to learn more about the other options in your journey to debt-free.
Savings estimates, which was 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 team of support to assist you in navigating credit arbitration if you decide to enroll. Some financial advisors can help you in your debt-free journey.
Following the debt settlement plan, CuraDebt can be the company to handle all of your creditor’s calls. They’ll be the ones who negotiate conditions of the payment in accordance with the state of your finances. Depending on which works most effectively for you, it could be a lump-sum settlement or the option of a payment plan.
Moreover they will work with creditors to ensure that you enjoy better rates when you make deposits to your savings account. This in turn, will process to pay off the creditors. Their plans can help you settle the debt within the period of 48 months.
After you’ve signed up with them, they will provide you with access to your information 24/7. All you need to do is login to CuraDebts the client portal to track your performance.
Before you can avail of their program, you’ll need to meet their eligibility 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 various ways CuraDebt can aid you.
As their name suggests, CuraDebt will assist you in dealing your debt. They are able to negotiate settlements on behalf of you for all kinds of debt. These include medical bills, personal loans credit cards and also loans. They are also able to pay off any remaining amount on business debts, collections, or repossessions.
They can even help negotiate on tax owed as well as IRS debt. However, you won’t get assistance with the majority claims, government loans, collateral, and utility bills. Also, they don’t cover the majority of student loans.
On the contrary, they’ll 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 to ensure that you receive cash settlements, should it be possible. Some violations can also lead to having your debts also dismissed.
CuraDebt also allows you to repay debt for less than the amount you own. You can also ask questions during their free consult with their debt counsellor.
The greatest benefit of their plan is that you will only be charged once your debt is settled. All you need to sign up to one of their plans and you’ll have the ability to resolve all of your debts.
Tax Management and Relief
CuraDebt will also handle your tax debt. Once they’ve 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 will be able to solve various tax issues like wage garnishments, tax penalties, personal and taxation for business as well as back taxes as well as trust fund penalties and tax liens.
There aren’t any hidden costs either. They only offer flat-fee prices, which depends on the amount you’ll need to settle.
They have different solutions in the settlement of 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 kind of debt can they help you with?
While debt settlement is their specialty however, they do not provide all kinds of settlement. CuraDebt only focuses on unsecured debt. They won’t be able to help you if the credit or loan is tied to an actual item.
However, if you have one of the following kinds of debt, they will make arrangements for settlements.
With CuraDebt it is expected that you will be able to settle your past-due tax debts without any problems. Additionally, this service is offered to all 50 states if you owe money in arrears to IRS. There are tax experts from the federal government who can assist you in resolving the issues.
CuraDebt will also help you resolve any medical-related debt. In some cases you could even settle them for less than what you have to pay.
Private Student Loan
CuraDebt does not offer Federal student loan. However, they can assist private students with negotiating any loans they are owed.
Personal loans and payday loans also qualify as debt-settling programs. You may also be eligible of the program if you also have other unsecured credit lines that you got from an alternative bank or financial institution.
Credit Card Debt
Whether you have debt with store credit cards, traditional credit cards, and private-label credit cards CuraDebt can assist you in paying it off.
What will it cost you?
The greatest thing about CuraDebt is the way they’ve priced their services. They don’t charge upfront fees. The only time you pay is when you’ve paid each of your outstanding debts.
Also, they don’t charge high costs either. On average, you’ll have to pay up to 20 percent of the debt you settled with them.
In the average, this kind of business can cost anywhere from 15% to 25 percentage.
In addition, customers can expect to pay off their debts in between 2 and 4 years. This varies in relation to the amount you save per month.
Additionally, they claim that you could save as much as 30% by incorporating their fees in your equation.
But this claim will also depend on your situation. Some clients even mentioned saving 50% to 80%.
The benefits of using CuraDebt
Now that you have an idea of what CuraDebt offers, Let’s take a look at the benefits of using CuraDebt.
In the beginning, CuraDebt is only charged after you’ve settled your debt. Additionally they charge only a 20% fee while the majority of companies charge 25 percent.
Then, if you’re done in the process of debt resolution you can enroll in their credit repair program.
It’s a fantastic option to rebuild your credit score without having to go in debt again. The program is however designed differently for each person according to your personal situation.
Lastly, CureDebt looks into your debt so that they can help with settlements and negotiations. It means that your debt won’t increase over time. They’ll also look into any violations of creditor with the assistance of their own experts.
Drawbacks of the use of CuraDebt
We will also examine some of the negatives of CuraDebt.
Debt settlement and debt relief usually require that you stop making payments using your credit card. Therefore, if you’re trying improve your standing on credit scores, you could set you back while you’re working on your debt.
CureDebt doesn’t even have a mobile app available. Although they have a client website, it looks old and mundane. It’s not very intuitive, and it can be challenging to navigate.
In addition, they’re not recognized by the Better Business Bureau although they were awarded an A+ grade.
The Final Verdict
CuraDebt is a great program that allows you to resolve your debt without having to spend more on those types of services. Additionally, their 20% service cost is cheaper than most firms that charge an additional 25% charge. There aren’t any upfront fees, and you will only have to pay when the debt is paid off.
Although they’ll give you an account that allows you to track your progress, their website is not user-friendly. CuraDebt isn’t even an app yet, which will make it easier to look at your progression.
But, they do have a competent support staff that you can contact them not only through emails but also by phone or submitting an electronic ticket. Top Tax Debt Relief Companies
If your debt is a big issue right now, we highly recommend CuraDebt’s program. Make sure you’re qualified and that the services they offer are available in your state.
FAQ Top Tax Debt Relief Companies
How long will it take to finish the program?
The program typically takes 24 to 48 months, depending on the amount of your debt as well as your agreement on the settlement.
Can CuraDebt aid with state tax problems?
Yes, CuraDebt has a tax relief program that can assist you with issues such as late payroll tax and wage garnishments.
What do I need to do when I’m enrolled in the program?
You’ll be required to communicate with your team members and make the necessary payments to lower the amount of debt you have over time.