Are you experiencing debt that has increased lately? Are you tired of trying other financial tips and advice but still have unsolved issues?
Maybe you’re here because you’ve been through everything.
In most cases, the most effective approach is to talk to experts who can help you settle this issue.
CuraDebt is among the most asked companies. Many people have been inquiring whether they can assist you or help you get into more debt.
According to their clients, they can assist you in managing the majority of your debt , so you are able to take couple of things off your plate.
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 assist you in paying off your debt. In this scenario, CuraDebt will mostly be recommended by people. We’ll take a deeper study of how CuraDebt operates and what issues it can help you solve.
Moreover, before we end, we’ll also look into its benefits and drawbacks.
Before starting the review, go to this video for a more relaxing way 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. Afterward, you will want to read the rest of our article for a more comprehensive review.
About the Company When A Senior On Ss Has Debt Relief From Creditors, Is Ss Subject To Tax
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000 and has been an active part of 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, certain states have limited their access to their services.
What CuraDebt do?
Assistance in settling your debt is CuraDebt’s most popular feature. However, they also offer additional services to assist you in becoming financially stable.
First of all, it begins with requesting a free online savings estimate. The service is completely confidential and they will not be doing a credit check. With this savings estimate you’ll be able to discover more about other options in your journey towards debt-free.
Savings estimates, as we’ve mentioned before, gives you an idea of your options regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial counselor and a support team to assist you with the process of credit arbitration should you choose to enroll. Some financial advisors can help you with your debt-free journey.
Following your debt settlement plan, CuraDebt can be the one to handle all of your creditors’ calls. They’ll also be the ones who will determine conditions of the settlement based on the status of your financial situation. In determining which option is the most effectively your situation, the payment can either be a lump sum settlement or an installment plan.
Moreover they will also work with creditors to ensure that you get better rates when you transfer money into your savings account. This in turn, will be processed to pay back creditors. Their programs can assist you to get rid of debt in just 48 months.
Once you’ve signed up with them, they will provide you with access to your data 24/7. All you need to do is log in to CuraDebts the client portal so that you can monitor your performance.
Before you are able to avail their program, you’ll need to pass their requirements first. To be eligible, you’ll have to be:
- Minimum 21 years old
- Verifiable income
- You must have a minimum balance of $5,000
What can they assist you?
Here are the various ways CuraDebt can aid you.
Like their name implies, CuraDebt can assist you in dealing with your debt. They can negotiate settlements on behalf of you for the majority of types of debt. This includes medical bills, personal loans credit cards, as well as line of credit. They are also able to help settle any remaining balance on business debt and collections or repossessions.
They can even help negotiate for back taxes as well as IRS debt. However, you won’t get assistance with the majority cases, government loans as well as collateral and utility bills. The same goes for 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 also help you find creditor violations to ensure that you receive cash settlements, if they are possible. Certain violations could result in having your debts also dismissed.
CuraDebt can also help you repay debt for less than the amount you own. Additionally, you can ask questions during their free meeting with their debt counselor.
The best part about the program is that you will only be charged once your debt is settled. All you have to sign up for some of their programs, and you’ll have the ability to resolve all of your debts.
Tax Management and Relief
CuraDebt can also help you with your tax debt. 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 deal with the various types of tax problems such as garnishments on wages and tax penalties, personal and taxation for business, back taxes and trust fund penalties and tax liens.
There aren’t hidden fees also. They only use flat-fee pricing and is dependent on the amount you’ll have to pay.
They have different solutions for paying off 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 kinds of debts can they assist you with?
Although debt settlement is their specialization however, they do not offer all kinds in debt resolution. CuraDebt concentrates on loans that are not secured. They aren’t able to help you if the debt or loan is tied to an actual item.
If you do have the following kinds of debt, they will make arrangements for settlements.
With CuraDebt it is expected that you will be able to pay tax debts that were due to be paid without difficulty. Additionally, this service is accessible to all 50 states if you owe money towards the IRS. They have federal tax experts that can help you resolve the issues.
CuraDebt can also assist in settling the medical bills. In some instances, you may even pay the debt for less than you are owed.
Private Student Loan
CuraDebt doesn’t cater to Federal student loan. They can however assist private students in negotiating the student loans they are owed.
Personal and payday loans also qualify as debt-settling programs. You can also avail the program if you have other unsecure credit lines you obtained from another financial institution or bank.
Credit Card Debt
Whether you have debt with store credit cards as well as traditional credit cards and private-label credit cards CuraDebt can help you pay it off.
How much will it cost?
The greatest thing about CuraDebt’s pricing is how the company has priced its services. They don’t charge upfront fees. The only time you pay is when you have paid off all of your debts.
Additionally, they don’t charge high costs either. On average, you’ll be required to pay up to 20 percent of the debt that you settled through them.
In general, this type of industry charges between 15 and 25 percent.
Additionally, customers can anticipate to settle their debt from two to four years. This varies in relation to the amount you can save up per month.
Also, they claim you can save up to 30% by incorporating their charges into your calculation.
However, this statement will depend on the situation. Some customers have even talked about saving 50% to 80%.
Advantages to using CuraDebt
Now that you have an idea of what CuraDebt offers, let’s explore the benefits of using CuraDebt.
In the beginning, CuraDebt is only charged when you’ve paid off your debt. In addition they only charge a 20% fee while the majority of companies charge 25%.
Then, if you’re done by the program for debt relief, you could join their credit restoration program.
It’s a great method to improve your credit score without having to go in debt again. However, the program lasts in a different way for each individual dependent on the circumstances of your case.
Finally, CureDebt looks into your debt so that they can assist with settlements and negotiations. This means the amount you owe won’t rise as time passes. They’ll also investigate any creditor violations using their own experts.
Drawbacks of the use of CuraDebt
Let’s also consider some of the negatives of CuraDebt.
Debt settlement and debt relief typically require you to cease making payments with your credit card. If you’re trying to build a better standing on credit scores, you may set you back while you’re finishing your debt.
CureDebt does not have a mobile app. While they do have a website that clients can access, it looks outdated and basic. It’s not very intuitive and could be difficult to navigate.
Moreover, they are still not credited with an accreditation from the Better Business Bureau although they were awarded an A+ grade.
The Final Verdict
CuraDebt is a good program that lets you settle your debt without spending more for these types of services. Additionally their 20% service charge is cheaper than most firms that charge an additional 25% charge. There are no upfront payments and you’ll only have to pay the fee when your debt is finally settled.
While they’ll provide you with an account so that you can track your progress however, their website isn’t easy to navigate. CuraDebt does not have an app that could make it easier for you to track your performance.
They do have a great support team, and you can reach them not only through emails but by phone or by submitting an e-ticket. When A Senior On Ss Has Debt Relief From Creditors, Is Ss Subject To Tax
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 programs they provide are in your state.
FAQ When A Senior On Ss Has Debt Relief From Creditors, Is Ss Subject To Tax
What is the time frame 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 assist with tax problems in the state?
Sure, CuraDebt provides tax relief programs that can aid you in dealing with problems such as late payroll taxes and garnishments on wages.
What do I need to do once I’m in the program?
You’ll be required to communicate with the team and pay the required payments to lower the amount of debt you have over time.