Are you experiencing debt that has been piling up lately? Are you exhausted from trying different financial advice and tips but you’re still struggling with unsolved problems?
Maybe you’re here because tried every thing.
In most cases, the best way is to approach professionals that can help you resolve the issue.
CuraDebt is one of the most frequently contacted companies. Many people have been inquiring whether they are able to help or help you get into more debt.
According to their clients, they can help you control 80percent of your debts so that you are able to take few things off of your shoulders.
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 that case, CuraDebt will mostly be suggested by people. We’ll be taking a deep 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 starting the review, you can check out this video instead in case you would prefer 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 review. After, you will want to read the rest of our article for a more comprehensive review of CuraDebt.
About the Company What Happened To Federal Tax Relief
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was established in 2000 and has since become a member of the American Fair Credit Council, the US Chamber of Commerce, and is accredited through the International Association of Professional Debt Arbitrators.
While it is accredited, certain states have restricted their services.
What CuraDebt do?
Assistance in settling your debt is the most popular feature. However, they also offer other services that can aid you in becoming more financially secure.
First of all, it begins by requesting a free savings estimate online. This service is very confidential and won’t be conducting a credit screening. With this estimate of savings you’ll be able to discover more about other options in your journey to debt-free.
Savings estimates, which was mentioned before, gives you an idea of your options regardless of whether or not you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial advisor and a team of support to assist you in navigating the process of credit arbitration should you choose to sign up. Financial advisors may be able to assist you in your debt-free journey.
Following your debt settlement program is completed, CuraDebt is the agency to handle all of the calls from your creditors. They’ll also be the ones who determine the terms of your repayment depending on the condition of your financial situation. Based on what works best your situation, the payment can be either a lump sum settlement or the option of a payment plan.
Additionally they will be working with creditors to ensure that you get better rates when you deposit money to your savings account, which in turn, will process to pay back the creditors. Their programs can assist you to get rid of debt in just the period of 48 months.
Once you’ve signed up with them, they’ll allow you access to your information 24/7. All you need to do is sign in to CuraDebts Client Portal to track your performance.
Before you can benefit from the program, you’ll have to satisfy their criteria first. To be eligible, you’ll need to be:
- At least 21 years old
- Verifiable income
- Have a minimum debt of $5,000
What can they assist you with?
Here are the various ways CuraDebt can assist you.
The name of the company suggests that CuraDebt can assist you in dealing with debt. They can negotiate settlements on your behalf for the majority of types of debt. This includes personal loans, medical bills, credit cards and also loans. They can also be approached to help settle any remaining balance on business debt, collections, or repossessions.
They can even help negotiate with back taxes as well as IRS debt. However, you will not receive assistance for the majority cases, government loans as well as collateral and utility bills. Also, they don’t cover the majority of student loans.
On the other hand, they will assist you with laws like those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify debtors who are in violation in order to get cash settlements, if they are possible. Certain violations may lead to having your debts removed as well.
CuraDebt can also help you pay off debts with less than the amount you have. Additionally, you can inquire about your debt during their no-cost consult with their debt counselor.
The best part about their plan is that you will only pay the fees after your debt has been settled. All you need to sign up to 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. After they have gathered all your financial documentation and tax documents, they’ll also collect all the paperwork you’ll need to file tax returns.
With this program, you’ll be able to deal with various tax issues like garnishments on wages and tax penalties, personal and business taxes and back taxes as well as trust fund penalties and tax lien.
There aren’t hidden fees neither are there hidden fees. They only offer flat-fee prices, which depends on the amount you need to settle.
They offer different options in settling taxes. Here are 6 options:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What kinds of debts can they assist you with?
Although debt settlement is their forte however, they do not cater to all types in debt resolution. CuraDebt is only focused on loans that are not secured. They can’t help you if your loan or debt is linked to an actual item.
If you do have the following kinds of debt, they’ll negotiate settlements on your behalf.
With CuraDebt the service, you’ll be able to settle taxes that are due without difficulty. Furthermore, this service is available across all 50 states, if you owe money to the IRS. There are federal tax experts who can assist you in resolving these types of issues.
CuraDebt can also help resolve the medical bills. In some instances, you may even pay them less than the amount you are owed.
Private Student Loan
CuraDebt doesn’t cater to federal student loans. Still, they can help private students with negotiating the student loans they are owed.
Personal and payday loans are also eligible for the debt settlement program. It is also possible to avail the program the program if you have other unsecure credit lines that you got from a different financial institution or bank.
Credit Card Debt
Whether you have debt with store credit cards, traditional credit cards, and private-label credit cards CuraDebt will help you pay it off.
What will it cost you?
The greatest thing about CuraDebt is how the company has priced its services. They don’t charge an upfront fee. You’ll only pay once you settle each of your debts.
Additionally, they do not charge high fees as well. On average, you’ll have to pay as much as 20 percent of the debt you settled through them.
In general, this type of business can cost anywhere between 15% and 25 percentage.
In addition, customers can expect to settle their debts within 2 to 4 years. This varies depending on the amount that you are able to save each month.
They also claim that you can save up to 30% if you include their fees in your equation.
However, the claim may depend on your situation. Some clients even mentioned saving 50% to 80%.
Advantages to using CuraDebt
Now that you have a clearer picture of the benefits CuraDebt can provide, let’s explore the benefits of using CuraDebt.
In the beginning, CuraDebt will only charge you once you’ve paid off your debt. Furthermore, they only charge a 20% fee while most companies charge you 25%.
Next, if you’re done in the process of debt resolution you could join their credit restoration program.
It’s a great option to rebuild your credit without having to go into debt again. However, the program runs in a different way for each individual according to your personal situation.
Lastly, CureDebt looks into your financial obligations to assist with settlements and negotiations. This means your debt won’t increase as time passes. They’ll also look into any violations of creditor with the assistance of their own experts.
Some disadvantages to the use of CuraDebt
We will also examine some of the disadvantages of CuraDebt.
Debt settlement and debt relief usually require that you stop paying with . So if you’re trying to improve your credit score, it could set you back while you’re finishing your obligations.
CureDebt also doesn’t have a mobile app. Although they have a client website but it’s aged and simple. It’s not particularly intuitive, and it can be difficult to navigate.
Furthermore, they are not accredited with their Better Business Bureau although they did receive an A+ grade.
The Final Verdict
CuraDebt is a great program that lets you resolve your debt without having to spend more for these types of services. Additionally the 20% service charge 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 the debt is settled.
While they’ll provide you with an account to see your progress, their website is not easy to navigate. CuraDebt does not have an app, which would make it easier to look at your progression.
They do have a great support team, and you can reach them not just via email but by phone or by submitting an electronic ticket. What Happened To Federal Tax Relief
If the problem of debt is an problem, then we highly recommend CuraDebt’s program. Just make sure that you’re eligible and that the services they provide are in your area.
FAQ What Happened To Federal Tax Relief
What is the time frame to complete the program?
The average program is between 24 and 48 months dependent on the size of your debt and the agreement on the settlement.
Can CuraDebt help with tax problems in the state?
Yes, CuraDebt provides tax relief programs to assist you with issues such as late payroll taxes and wage garnishments.
What’s the first thing I have to do once I’m in the program?
You’ll have to keep in constant contact with your team members and pay the required payments to lower your debt over time.