Have your debts increased lately? Are you burnt out from trying other financial advice and strategies but haven’t solved your problems?
Maybe you’re here because tried every thing.
In the majority of cases, your best way is to approach professionals that can help you resolve the issue.
CuraDebt is among the most frequently contacted companies. Many customers have asked if they are able to help or put you into more debt.
According to their clients they can assist you in managing the majority of your debt so that you can finally take a few things off of your shoulders.
But for some people the claims seem too good to be true.
You might be looking for anything that can help you resolve your debt. In that situation, CuraDebt will mostly be suggested by people. We’ll be taking an in-depth look at the way CuraDebt operates and what issues it can help you solve.
Moreover, before we end we’ll look at its advantages and drawbacks.
Before beginning the review, 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 overview. After, you’ll want to read the rest of our article for a more comprehensive review.
About the Company What Is Mortgage Interest Tax Relief
CuraDebt is a debt relief company from 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 has been accredited with the International Association of Professional Debt Arbitrators.
Although it is accredited, certain states have limited their access to their services.
What can CuraDebt do?
Helping you pay off your debt is one of CuraDebt’s best known feature. They also provide other services that can help you be more financially stable.
First of all, it begins with requesting a free online savings estimate. It is a completely private service and they will not be conducting a credit screening. With this estimate of savings you’ll be able to be able to learn more about the alternatives to debt-free.
The savings estimate, as mentioned earlier, provides you with an idea of your options, regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will provide you with a financial counselor as well as a support team to assist you with the process of credit arbitration should you choose to sign up. Some financial advisors can help you in your debt-free journey.
Following the debt settlement plan, CuraDebt can be the company to take care of all your creditors’ calls. They will also be the ones who will negotiate conditions of the repayment in accordance with the state of your financial situation. Based on what works best to you, this can either be a lump sum settlement or an installment plan.
Additionally, they will be working with creditors to ensure that you have better rates as you make deposits to your savings account, which in turn, will process to pay the creditors. Their plans can help you get rid of debt in just 48 months.
After you’ve registered with them, they will allow you access to your account information 24 hours a day. All you have to do is log in to CuraDebts Client Portal so that you can monitor your performance.
Before you can benefit from the program, you’ll have to meet their eligibility requirements first. In order to be considered eligible for the program, you’ll need to meet the following requirements:
- At least 21 years old
- Earn a reliable income
- You must have a minimum balance of $5,000
What are they able to assist you?
Here are some of the ways CuraDebt can aid you.
The name of the company suggests that CuraDebt can help you deal your debt. They can negotiate settlements on your behalf for the majority of types of debt. These include personal loans, medical bills, credit cards and also line of credit. They can also be approached to help settle any remaining balance on business debt and collections or repossessions.
They may even assist you in negotiating with back taxes as well as IRS debt. However, you will not receive assistance with the majority cases, government loans as well as collateral and utility bills. The same goes for student loans.
On the other hand, they can assist you with laws like 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 to ensure that you receive cash settlements, if they are possible. Certain violations may lead to having your debts also dismissed.
CuraDebt can also help you repay debt for less than the amount you have. You can also inquire about your debt during their no-cost meeting with their debt advisor.
The best part about their plan is that you only have to pay for the charges once your debt is settled. All you have to sign up to any of the plans, and you’ll have the ability to resolve all of your debts.
Tax Management and Relief
CuraDebt can also deal with taxes. Once they’ve gathered all your financial records and tax documents, they’ll also collect all the necessary paperwork to file tax returns.
Through this program, you will be able to solve different types of taxes like wage garnishments, tax penalties, personal and corporate taxes, back taxes as well as trust fund penalties and tax lien.
There aren’t any hidden costs also. They only offer flat-fee prices that is based on the amount you have to pay.
They offer different options for paying off your tax debt. Here are 6 options:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatement
- Currently non-collectible
What kind of debt can they assist you with?
Although they specialize in debt settlement, it is not their specialty, they don’t offer all kinds of debt settlement. CuraDebt only focuses on debt that is not secured. They won’t be able to help you if the credit or loan is tied to an actual item.
If, however, you are in one of the following kinds of debt, they’ll arrange settlements for you.
With CuraDebt it is expected that you will be able pay off tax debts that were due to be paid without any issues. Additionally, this service is offered across all 50 states, if you owe money to the IRS. They have federal tax experts that can help you resolve these kinds of problems.
CuraDebt will also help you resolve the medical bills. In some instances, you may even pay them for less than what you owe.
Private Student Loan
CuraDebt does not offer Federal student loan. They can however assist private students in negotiating any student loans that they are owed.
Payday loans and personal loans are also eligible as debt-settling programs. It is also possible to avail the program the program if you have other unsecure credit lines that you got from a different bank or financial institution.
Credit Card Debt
If you’re in debt using store credit cards as well as traditional credit cards as well as private label credit card, CuraDebt will help you pay 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. Only pay when you have paid off all of your outstanding debts.
They also don’t have high-cost fees as well. In the average, you’ll need to pay up to 20 percent of the debt you settled with them.
In general, this type of industry charges between 15 and 25%.
In addition, customers can expect to pay off their debts in two to four years. However, this also varies depending on the amount that you are able to save each month.
Also, they claim that you could save up to 30% by incorporating their costs into your calculations.
However, this statement will differ based on the situation. Some customers even claimed to save 50 to 80%.
The benefits of using CuraDebt
Once you’ve got an understanding of the benefits CuraDebt can provide, let’s explore the benefits of using CuraDebt.
The first is that CuraDebt only charges you after you’ve settled your debt. Furthermore they only charge 20% of the cost, whereas the majority of companies charge 25 percent.
Next, if you’re done by the program for debt relief you can join their credit restoration program.
It’s a fantastic method to improve the credit rating without going into debt again. However, the program runs different for every person dependent on the circumstances of your case.
Finally, CureDebt looks into your credit to assist with settlements and negotiations. So, the amount you owe won’t rise over time. They’ll also investigate any violations by creditors using their experts in-house.
Drawbacks of using CuraDebt
Let’s also look into some of the disadvantages of CuraDebt.
Settlement of debt and debt relief typically require you to stop making payments using the credit card you use. So if you’re trying to build a better credit score, it may delay you from finishing your obligations.
CureDebt also doesn’t have a mobile app. While they do have a website that clients can access, it looks aged and simple. It’s not particularly intuitive, and it can be difficult to navigate.
In addition, they’re not accredited with the Better Business Bureau although they received an A+ rating.
The Final Verdict
CuraDebt is a good program that will allow you to resolve your debt without having to spend more for these types of services. Moreover their 20% service fee is cheaper than most businesses that charge a 25% fee. There aren’t any upfront fees and you’ll only be required to pay once the debt is paid off.
Although they’ll give you an account that allows you to track your progress but their website isn’t user-friendly. CuraDebt does not have an app, which will make it easier to monitor your progression. What Is Mortgage Interest Tax Relief
However, they have a great support team and can be reached them, not only via emails but also via phone or sending an electronic ticket. What Is Mortgage Interest Tax Relief
If the problem of debt is an issue right now, we recommend CuraDebt’s service. Just make sure that you’re eligible and that the programs they offer are available in your area.
FAQ What Is Mortgage Interest Tax Relief
How long does it take to complete the course?
The average program is between 24 and 48 months dependent on the size of your debt as well as the agreed settlement.
Can CuraDebt assist in the fight against state tax issues?
Sure, CuraDebt has a tax relief program that will aid you in dealing with problems such as delinquent payroll taxes and wage garnishments.
What’s the first thing I have to do when I’m enrolled in the program?
You’ll need to constantly communicate with the team and make the necessary payments to lower your debt over time.