Are you experiencing debt that has increased lately? Are you exhausted from trying other financial advice and strategies but you’re still struggling with unsolved problems?
Maybe you’re here because been through every thing.
In the majority of cases, your most effective approach is to talk to experts who can help to resolve this issue.
CuraDebt is one of the most frequently contacted companies. A lot of people have been inquiring whether they can help you or put you in more debt.
According to their clients, they can help you manage the majority of your debt so that you can take few things off of your plate.
But for some people they believe these claims are too good to be true.
Suppose you’re on the lookout for something that will help you resolve your debt. In that scenario, CuraDebt will mostly be highly recommended by those. We’ll be taking an in-depth review of the way CuraDebt operates and what issues it could help solve.
Furthermore, before we conclude our discussion, we’ll take a look at the advantages and disadvantages of this method.
Before beginning the review, you can watch this video instead if you prefer to watch it.
Otherwise, let’s begin.
Before you continue, you may want to check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick overview. Afterward, you’ll want to read the rest of our article for a more comprehensive review.
About the Company Vercy Tax Relief
CuraDebt is a debt relief company 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 by the International Association of Professional Debt Arbitrators.
Although the service is accredited, certain states have limited their access to their services.
What CuraDebt do?
Helping you settle your debt is the most popular feature. They also provide additional services to assist you in becoming financially stable.
First of all, it starts by requesting a no-cost online savings estimate. It is a completely private service and won’t be doing a credit check. With this estimate of savings, you will discover more about options to debt-free.
Savings estimates, as mentioned earlier, provides you with an idea of your options regardless of whether you’re going to keep using CuraDebt.
CuraDebt will provide you with a financial counselor and a team of support to assist you with credit arbitration in the event that you decide to enroll. Financial advisors may be able to assist you with your debt-free journey.
After your debt settlement plan, CuraDebt is the agency to answer all of the calls from your creditors. They’ll also be the ones who will negotiate what you will pay for your payment depending on the condition of your financial situation. In determining which option is the best to you, this can be either a lump sum settlement or a payment plan.
Additionally they will also be working with lenders to help you have better rates as you transfer money into your savings account. This, is then processed to pay the creditors. Their programs can assist you to get rid of debt in just two years.
After you’ve registered with them, they will allow you access to your information 24/7. All you need to do is log in to CuraDebts’ client portal so that you can monitor your progress.
Before you can avail of the program, you’ll have to pass their requirements first. To be eligible, you’ll have to meet the following criteria:
- At least 21 years old
- Verifiable income
- Have a minimum debt of $5,000
What are they able to assist you?
Here are the various ways CuraDebt can aid you.
As their name suggests, CuraDebt can help you deal your debt. They can negotiate settlements on your behalf for all kinds of debt. This includes medical bills, personal loans, credit cards as well as line of credit. You can also approach them to help settle any remaining amount on business debts collection, repossessions, or collections.
They can even help negotiate on tax owed and IRS debt. However, you will not receive assistance with the majority cases, loans from the government or collateral, as well as utility bills. Also, they don’t cover the majority of student loans.
On the other hand, they can help you use laws like the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They also help you find debtors who are in violation to ensure that you receive cash settlements, if possible. Certain violations may result in having your debts removed as well.
CuraDebt lets you settle debt with less than the amount you have. 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 after your debt has been settled. All you have to sign up for some of their programs, and you’ll have the ability to settle each of your debts.
Tax Management and Relief
CuraDebt will also handle taxes. Once they collect all of your financial documents and tax documents, they’ll also collect all the documents you’ll require for tax returns.
By using this program, you’ll be able to resolve different types of taxes such as garnishments on wages and tax penalties, personal and business taxes as well as back taxes and trust fund penalties and tax liens.
There aren’t any hidden costs neither are there hidden fees. They only offer flat-fee prices that is based on the amount you have to pay.
There are a variety of options for settling 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 types of debt can they assist you with?
Although they specialize in debt settlement, it is not their specialization however, they do not offer all kinds of debt settlement. CuraDebt is only focused on unsecured debt. They won’t be able to assist you if your credit or loan is tied to an item that is physical.
If you do have the following kinds of debt, they will arrange settlements for you.
With CuraDebt, you should be able pay off your past-due tax debts without any problems. Moreover, this type of service is accessible across all 50 states, if you owe money to the IRS. They have federal tax experts to assist you with these kinds of problems.
CuraDebt can also assist in settling any medical-related debt. In some instances you could even settle the debt for less than you are owed.
Private Student Loan
CuraDebt does not offer Federal student loan. However, they can assist private students with negotiating any loans they are owed.
Personal and payday loans also qualify to be eligible for debt relief programs. It is also possible to avail the program if you have other unsecured credit lines that you have obtained from an alternative bank or financial institution.
Credit Card Debt
If you’re in debt using store credit cards or traditional credit cards or private label credit cards, CuraDebt can assist you in paying it off.
How much will it cost?
The best part about CuraDebt is how the company has priced its services. They don’t charge an upfront fee. The only time you pay is when you have paid off all of your debts.
Additionally, they do not charge high costs either. In the average, you’ll need to pay up to 20 percent of the debt you settled with them.
In the average, this kind of industry can charge anywhere between 15% and 25 percentage.
In addition, customers can expect to settle their debt from 2 to 4 years. However, this also varies in relation to the amount you can save up per month.
Also, they claim you can save as much as 30% when you factor in their charges into your calculation.
However, the claim may vary, depending on your situation. Some customers have even talked about saving 50% to 80%.
Benefits of using CuraDebt
Once you’ve got a clearer picture of the benefits CuraDebt can provide, let’s explore the benefits that come with using CuraDebt.
First, CuraDebt will only charge you once you’ve paid off your debt. Furthermore, they only charge an amount of 20%, while most companies charge you 25 percent.
Next, if you’re done by the program for debt relief you could join their credit repair program.
It’s a great option to rebuild your credit score without having to go in debt again. The program is however designed different for every person according to your personal situation.
Lastly, 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 of creditor with the assistance of their own experts.
Some disadvantages to the use of CuraDebt
Let’s also consider some of the drawbacks of CuraDebt.
Settlement of debt and debt relief usually require that you stop paying with your credit card. So if you’re trying to improve your standing on credit scores, you may delay you from working on your credit card debt.
CureDebt does not have a mobile app. While they have a website for clients, it looks outdated and basic. It’s not very intuitive and could be challenging to navigate.
Furthermore, they are not recognized by an accreditation from the Better Business Bureau although they did receive an A+ grade.
The Final Verdict
CuraDebt is a good program that allows you to pay off your debts without spending more on those types of services. Additionally their 20% service charge is less expensive than the majority of firms that charge an additional 25% charge. There aren’t any upfront fees, and you will only have to pay when the debt is settled.
While they’ll provide you with an account so that you can track your progress but their website isn’t easy to navigate. CuraDebt isn’t even an app yet, which could make it easier for you to track your progress. Vercy Tax Relief
But, they do have a good support team that you can contact them not only through emails but by phone or by sending an electronic ticket. Vercy Tax Relief
If debt is a big problem right now, we recommend CuraDebt’s service. Make sure you’re qualified and that the services they provide are in your area.
FAQ Vercy Tax Relief
How long does it take to complete the program?
The average program is 24 to 48 months, depending on the amount of your debt and the agreement on the 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 delinquent payroll taxes and garnishments on wages.
What’s the first thing I have to do once I’m in the program?
You’ll have to keep in constant contact with the team and pay the required payments to lower the amount of debt you have over time.