Has your debt increased lately? Are you tired of trying other financial advice and tips but haven’t solved your problems?
Maybe you’re here because tried everything.
In the majority of cases, the most effective approach is to talk to experts who can help you settle this issue.
CuraDebt is one of the most asked companies. Many people are asking if they can help you or help you get into more debt.
According to their customers, they can assist you in managing the majority of your debt , so you are able to take couple of things off your shoulders.
However, for certain people they believe these claims are too good to be true.
Suppose you’re on the lookout for any solution that could aid you in settling your debt. If that’s the scenario, CuraDebt will mostly be suggested by people. We’ll be taking an in-depth review of how CuraDebt is used and the problems it can solve for you.
Moreover, before we end, we’ll also look into its advantages and drawbacks.
Before beginning the review, you can go to this video if you prefer watching 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 review. Afterward, you will want to read the rest of the article for a more comprehensive review of CuraDebt.
About the Company Whatkind Of Tax Relief
CuraDebt is a debt relief company from Hollywood, Florida. It was founded in 2000 and has since become an active participant in the American Fair Credit Council, the US Chamber of Commerce, and accredited through the International Association of Professional Debt Arbitrators.
Although the service is accredited, certain states have imposed restrictions on their services.
What can CuraDebt do?
Helping you pay off your debt is CuraDebt’s most 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 won’t be conducting a credit screening. With this savings estimate you’ll learn more about your options to debt-free.
Savings estimates, as we’ve mentioned earlier, provides you with an idea of your choices regardless of whether or not you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial counselor and a team of support to help you with the process of credit arbitration should you choose to sign up. Financial advisors may be able to assist you on your path to debt-free living.
Following your debt settlement program, CuraDebt can be the company to take care of all your creditors’ calls. They’ll also be the ones that negotiate what you will pay for your settlement in accordance with the state of your financial situation. Depending on which works best to you, this could either be a lump sum settlement or a payment plan.
Furthermore they will be working with the creditors so that you can have better rates as you transfer money into your savings account, which in turn, will process to pay the creditors. The plans they offer can help you settle the debt within two years.
After you’ve signed up with them, they will provide you with access to your account information 24 hours a day. All you need to do is sign in to CuraDebts’ client portal to monitor your performance.
Before you can avail of their program, you’ll need to meet their eligibility 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 are they able to assist you?
Here are the different ways CuraDebt can aid you.
Like their name implies, CuraDebt can assist you in dealing your debt. They can negotiate settlements on your behalf to settle all kinds of debt. They can help with medical bills, personal loans credit cards, as well as line of credit. You can also approach them to settle any outstanding balance of business debt, collections, or repossessions.
They may even assist you in negotiating for back taxes and IRS debt. However, you will not receive assistance for the majority cases, government loans, collateral, and utility bills. Also, they don’t cover the majority of 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 creditor violations to ensure that you receive cash settlements, if they are possible. Some violations can also result in having your debts also dismissed.
CuraDebt lets you pay off debts with less than the sum you have. They also allow you to inquire about your debt during their no-cost consult with their debt counsellor.
The greatest benefit of the program is that you’ll only have to pay for the charges once your debt is settled. All you need to sign up for some of their programs, and you’ll be able to resolve all of your debts.
Tax Management and Relief
CuraDebt can also deal with the tax liabilities you have. Once they’ve gathered all your financial documents, they will also collect all the documents you’ll require for tax returns.
By using this program, you should be able to resolve various tax issues such as wage garnishments as well as tax penalties for personal and business taxes as well as back taxes as well as trust fund penalties and tax lien.
There aren’t any hidden costs either. They only use flat-fee pricing that is based on the amount you’ll have to pay.
They have different solutions in settling the tax debt. Here are 6 of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What types of debt can they assist you with?
Although they specialize in debt settlement, it is not their specialty, they don’t cater to all types in debt resolution. CuraDebt is only focused on unsecured debt. They won’t be able to assist you if your loan or debt is linked to an item that is physical.
If you do have the following kinds of debt, they’ll arrange settlements for you.
With CuraDebt, you should be able pay off your past-due tax debts without any issues. Moreover, this type of service is available to all 50 states in the event that you have a debt towards the IRS. There are federal tax experts who can assist you in resolving these types of issues.
CuraDebt will also help you resolve the medical bills. In some instances you could even settle them less than the amount you owe.
Private Student Loan
CuraDebt does not offer federal student loans. They can however assist private students with negotiating any student loans that they are owed.
Personal loans and payday loans also qualify to be eligible for debt relief programs. It is also possible to avail the program the program if you have other unsecure credit lines that you have obtained from a different financial institution or bank.
Credit Card Debt
If you are in debt through store credit cards as well as traditional credit cards and private-label credit cards CuraDebt will help you pay it off.
What will it cost you?
The best part about CuraDebt’s pricing is how they’ve priced their services. They do not charge an upfront cost. Only pay when you’ve paid each of your outstanding debts.
Also, they don’t charge high charges either. On average, you’ll have to pay up to 20% of the debt you settled with them.
On average, this type of industry charges between 15% and 25 percentage.
Moreover, clients can expect to pay off their debts in between 2 and 4 years. But, it also differs in relation to the amount you are able to save each month.
They also claim that you can save as much as 30% by incorporating their costs into your calculations.
But this claim will also differ based on your situation. Some clients even mentioned saving between 50% and 80percent.
Advantages to using CuraDebt
Once you’ve got an understanding of the benefits CuraDebt offers, let’s explore the benefits that come with using CuraDebt.
The first is that CuraDebt will only charge you when you’ve paid off your debt. In addition they only charge a 20% fee while most companies charge you 25%.
If you’re finished in the process of debt resolution, you may also sign up for their credit restoration program.
It’s a great way to restore your credit without having to go back into debt. The program is however designed different for every person dependent on the circumstances of your case.
Lastly, CureDebt looks into your credit to help with settlements and negotiations. This means your debt won’t inflate as time passes. They’ll also look into any violations of creditor using their in-house experts.
The drawbacks of the use of CuraDebt
We will also examine some of the drawbacks of CuraDebt.
Settlement of debt and debt relief often require you to cease making payments with your credit card. So if you’re trying to build a better rating on your credit, this could cause you to delay getting rid of your debt.
CureDebt also doesn’t have a mobile app. While they do have a client website but it’s old and mundane. It’s not particularly intuitive and could be challenging to navigate.
Furthermore, they are not accredited with their Better Business Bureau although they did receive an A+ rating.
The Final Verdict
CuraDebt is a great program that allows you to settle your debt without spending more on these kinds of services. Moreover the 20% service fee is less expensive than the majority of companies that offer a 25% fee. There is no upfront payment and you’ll only have to pay the fee when your debt is finally settled.
Although they’ll allow you to access an account that allows you to track your progress however, their website isn’t simple to navigate. CuraDebt also doesn’t have an app yet, which would make it easier to track your progress.
However, they have a competent support staff, and you can reach them not just via email but also by phone or making an electronic ticket. Whatkind Of Tax Relief
If the problem of debt is an issue right now, we recommend CuraDebt’s service. Make sure you’re eligible and that the services they provide are in your state.
FAQ Whatkind Of Tax Relief
How long will it take to complete the course?
The typical program lasts from between 24 and 48 months depending on the amount of your debt as well as the agreed settlement.
Can CuraDebt aid with tax problems in the state?
Sure, CuraDebt has a tax relief program that will help you with problems such as delinquent payroll tax and garnishments of wages.
What do I need to do when I’m enrolled in the program?
You’ll be required to communicate with the team and make the necessary payments to reduce the amount of debt you have over time.