Has your debt been increasing lately? Are you exhausted from trying other financial advice and tips but still have unsolved issues?
Maybe you’re here because already tried everything.
In the majority of cases, your most effective approach is to talk to experts who can help you resolve the issue.
CuraDebt is among 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 customers, they can help you manage 80% of your debts so that you are able to take couple of things off your plate.
But for some people they believe these claims are too good to be true.
If you’re looking for something that will aid you in settling your debt. If that’s the situation, CuraDebt will mostly be suggested by people. We’ll take a deeper look at the way CuraDebt operates and what issues it could help solve.
Moreover, before we end we’ll look at its advantages and drawbacks.
Before starting the review, you can watch this video instead in case you would prefer watching it.
Otherwise, let’s begin.
Before you go on, you may want to check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick review. After, you’ll want to read the rest of our article for a more comprehensive review.
About the Company Why Do People Get Tax Relief
CuraDebt is a company that provides debt relief from Hollywood, Florida. It was established in 2000 and has since become an active part of 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 can CuraDebt do?
Assistance in settling your debt is one of CuraDebt’s best known feature. However, they also offer other services that will assist you in becoming financially secure.
The process begins with requesting a free online savings estimate. It is a completely private service and won’t conduct a credit inquiry. With this estimate of savings you’ll be able to discover more about other options in your journey towards debt-free.
The savings estimate, which was mentioned before, gives you an insight into your choices regardless of whether or not you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial counselor as well as a support team to assist you with credit arbitration in the event that you decide to join. Certain financial advisors can assist you on your path to debt-free living.
Following your debt settlement plan, CuraDebt can be the one to handle all of your creditor’s calls. They will also be the ones that will negotiate the terms of your payment in accordance with the state of your financial situation. Depending on which works most effectively your situation, the payment can be a lump-sum settlement or the option of a payment plan.
Additionally, they will work with creditors to ensure that you get better rates when you deposit money to your savings account, which is then processed to pay back the creditors. The plans they offer can help you pay off the debt in two years.
After 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 the client portal to track your development.
Before you can avail of the program, you’ll have to meet their eligibility requirements first. For eligibility, you’ll need to be:
- At least 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 some of the ways CuraDebt can assist you.
Like their name implies, CuraDebt will assist you in dealing with your debt. They can negotiate settlements on your behalf to settle most types of debt. These include personal loans, medical bills credit cards and loans. They are also able to pay off any remaining balance of business debt and collections or repossessions.
They can even help negotiate on tax owed as well as IRS debt. However, you won’t get assistance with the majority claims, loans from the government or collateral, as well as utility bills. Also, they don’t cover the majority of student loans.
On the contrary, they’ll assist you in navigating laws such as those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They will also help you identify the violations of creditors in order to get cash settlements, should it be possible. Certain violations may lead to having your debts also dismissed.
CuraDebt lets you pay off debts with less than the amount you own. Additionally, you can inquire about your debt during their no-cost consultation with their debt counselor.
The most appealing aspect of their program is that you’ll only be charged when your debt is paid off. All you have to do is sign up with one of their plans, and you’ll be able resolve all of your debts.
Tax Management and Relief
CuraDebt can also deal with taxes. Once they’ve gathered all your financial documentation They will also gather all the documents you’ll require for tax returns.
Through this program, you’ll be able to resolve various tax issues like garnishments on wages, tax penalties, personal and corporate taxes, back taxes and trust fund penalties and tax liens.
There aren’t hidden fees either. They use only flat-fee pricing that is based on the amount you’ll need to settle.
They have different solutions in settling the tax debt. Here are 6 options:
- 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 debt settlement is their forte, they don’t provide all kinds in debt resolution. CuraDebt only focuses on unsecured debt. They won’t be able to help you if your loan or debt is linked to an item that is physical.
However, if you have one of the following kinds of debt, they’ll make arrangements for settlements.
With CuraDebt it is expected that you will be able to settle tax debts that were due to be paid without any issues. Moreover, this type of service is accessible to all 50 states in the event that you owe money in arrears to IRS. There are federal tax experts who can assist you in resolving these kinds of problems.
CuraDebt can also help resolve the medical bills. In some cases, you may even pay the debt for less than you owe.
Private Student Loan
CuraDebt does not offer Federal student loan. Still, they can help private students in negotiating the student loans they are owed.
Payday loans and personal loans are also eligible for the debt settlement program. It is also possible to avail the program if you have other unsecured credit lines that you have obtained from a different bank or financial institution.
Credit Card Debt
Whether you have debt with store credit cards, traditional credit cards, and private-label credit cards, CuraDebt can help you pay it off.
How much will it cost?
The most appealing aspect of CuraDebt’s pricing is how they’ve priced their service. They do not charge an upfront cost. Only pay when you settle each of your debts.
Also, they do not charge high fees as well. In the average, you’ll need to pay as much as 20 percent of the debt you settled through them.
On average, this type of industry charges from 15% to 25%.
In addition, customers can expect to pay off their debts in 2 to 4 years. This varies according to the amount you save per month.
Also, they claim that you could save up to 30% when you factor in their costs into your calculations.
However, the claim may vary, depending on your situation. Some customers even claimed to save 50 to up to 80%.
Advantages to using CuraDebt
Once you’ve got a clearer picture of the benefits CuraDebt can offer you let’s look into the advantages of using CuraDebt.
In the beginning, CuraDebt will only charge you once you’ve paid off your debt. In addition, they only charge 20% of the cost, whereas most companies charge you 25%.
Then, if you’re done with the debt settlement program, you could join their credit restoration program.
It’s an excellent way to restore your credit score without going into 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. It means that your debt won’t inflate over time. They’ll also be looking into any violations of creditor with the help of their own experts.
Drawbacks of the use of CuraDebt
Let’s also consider some of the drawbacks of CuraDebt.
Debt settlement and debt relief often require you to cease making payments with the credit card you use. If you’re trying to improve your rating on your credit, this could set you back while you’re working on your credit card debt.
CureDebt does not have a mobile app available. While they have a website that clients can access however, it appears aged and simple. It’s not very user-friendly, and can be difficult to navigate.
In addition, they’re 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 fee is lower than many firms that charge the 25% cost. There is no upfront payment, and you will only have to pay the fee when the debt is paid off.
Although they’ll allow you to access an account to see your progress but their website isn’t easy to navigate. CuraDebt does not have an app yet, which would make it easier to monitor your progress.
However, they have a competent support staff and can be reached them, not only via emails but by phone or by sending an electronic ticket. Why Do People Get Tax Relief
If debt is a big issue right now, we highly recommend CuraDebt’s program. Be sure to be eligible and that the programs that they provide are offered in your state.
FAQ Why Do People Get Tax Relief
How long will it take to complete the course?
The typical program lasts from 24 to 48 months, dependent on the size of your debt as well as your stipulated settlement.
Can CuraDebt assist in the fight against state tax issues?
It is true that CuraDebt offers a program for tax relief to aid you in dealing with problems such as delinquent payroll tax issues and wage garnishments.
What do I need to do after joining the program?
You’ll have to keep in constant contact with your team members and pay the required payments to reduce your debt over time.