Have your debts been increasing lately? Are you tired of trying different financial advice and strategies but still have unsolved issues?
Maybe you’re here because you’ve been through every thing.
In the majority of cases, your most effective approach is to talk to experts who can assist to resolve this issue.
CuraDebt is among the most frequently contacted companies. A lot of people have been inquiring whether they are able to help or put you into more debt.
According to their clients, they can assist you in managing 80percent of your debts so that you can take couple of things off your plate.
For some, these claims are just too good to be true.
Suppose you’re on the lookout for anything that can aid you in settling your debt. If that’s the case, CuraDebt will mostly be highly recommended by those. We’ll be taking a deep study of how CuraDebt operates and what issues it can solve for you.
In addition, prior to our conclusion our discussion, we’ll take a look at its advantages and drawbacks.
Before you begin the review, check out this video instead if you prefer to watch 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. After, you’ll want to read the rest of the article for a more comprehensive review.
About the Company Youtube Irs Tax Relief Videos
CuraDebt is a debt relief company from Hollywood, Florida. It was established in 2000 and has since become a participant in the American Fair Credit Council, the US Chamber of Commerce, and accredited by the International Association of Professional Debt Arbitrators.
While it is accredited, certain states have restricted their services.
What can CuraDebt do?
Helping you pay off your debt is the most well-known feature. However, they also offer other services that can aid you in becoming more financially stable.
It all begins with requesting a free savings estimate on the internet. It is a completely private service and they will not be conducting a credit screening. With this savings estimate you’ll discover more about alternatives to debt-free.
This estimate of savings, which was mentioned earlier, provides you with an idea of your options regardless of whether or not you’re going to keep using CuraDebt.
CuraDebt will provide you with a financial counselor and a support team to assist 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 the debt settlement program, CuraDebt is the agency to take care of all the calls from your creditors. They’ll also be the ones that will determine conditions of the settlement based on the status of your financial situation. In determining which option is the most effectively for you, it could either be a lump sum settlement or an installment plan.
Additionally, they will work with creditors so that you can have better rates as you transfer money into your savings account. This in turn, will process to pay back the creditors. Their plans can help you settle the debt within two years.
After you’ve registered with them, they’ll allow you access to your account information 24 hours a day. All you need to do is sign in to CuraDebts’ client portal so that you can monitor your progress.
Before you can benefit from their program, you’ll need to meet their eligibility requirements first. For eligibility, you’ll need to be:
- Minimum 21 years old
- Verifiable income
- Minimum debt must be $5,000
What are they able to assist you?
Here are the various ways CuraDebt can help you.
As their name suggests, CuraDebt can help you deal your debt. They can negotiate settlements on your behalf for most types of debt. These include personal loans, medical bills credit cards and also lines of credit. They are also able to help settle any remaining balance on business debt collection, repossessions, or collections.
They may also assist in negotiating for back taxes and IRS debt. However, you won’t get support for most of your lawsuits, government loans, collateral, and utility bills. Also, they don’t cover the majority of 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 will also help you identify debtors who are in violation in order to get cash settlements, should it be possible. Certain violations may lead to having your debts also dismissed.
CuraDebt also allows you to repay debt for less than the amount you have. You can also ask questions during their free consult with their debt counselor.
The greatest benefit of their program is that you only be charged once your debt is settled. All you need to sign up to one of their plans and you’ll be able settle each of your debts.
Tax Management and Relief
CuraDebt will also handle taxes. After they have gathered all your financial documentation, they will also collect all the necessary paperwork to file tax returns.
Through this program, you’ll be able to resolve different types of taxes such as wage garnishments, tax penalties, personal and business taxes as well as back taxes, trust fund penalties, and tax liens.
There aren’t any hidden charges neither are there hidden fees. They only use flat-fee pricing that is based on the amount you’ll must settle.
They have different solutions for paying off the 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 debt settlement is their forte however, they do not provide all kinds of settlement. CuraDebt is only focused on loans that are not secured. They can’t assist you if your loan or debt is linked to an actual item.
If, however, you are in the following kinds of debt, they’ll make arrangements for settlements.
With CuraDebt the service, you’ll be able to settle taxes that are due without any issues. Moreover, this type of service is accessible across all 50 states, if you have a debt in arrears to IRS. There are tax experts from the federal government who can assist you in resolving the issues.
CuraDebt can also help resolve your medical debt. In certain cases you could even settle the debt for less than you owe.
Private Student Loan
CuraDebt does not cater to federal student loans. Still, they can help private students in negotiating any student loans that they have to pay.
Personal loans and payday loans also qualify as debt-settling programs. It is also possible to avail the program if you have other unsecured credit lines that you have obtained from another bank or financial institution.
Credit Card Debt
If you’re in debt using store credit cards, traditional credit cards, as well as private label credit card CuraDebt can help you pay it off.
How much will it cost?
The greatest thing about CuraDebt is the way they’ve priced their services. They don’t charge upfront fees. You’ll only pay once you settle each of your debts.
Also, they don’t have high-cost fees as well. In the average, you’ll need to pay up to 20 percent of the debt that you settled through them.
In general, this type of business can cost anywhere from 15% to 25%.
In addition, customers can expect to settle their debts within two to four years. But, it also differs depending on the amount that you can save up per month.
Also, they claim that you can save up to 30% if you include their fees in your equation.
But this claim will also depend on the situation. Some customers even claimed to save between 50% and 80percent.
Advantages to using CuraDebt
Now that you have an idea of the benefits CuraDebt can provide, let’s look into the advantages of using CuraDebt.
In the beginning, CuraDebt will only charge you once you’ve paid off your debt. Additionally, they only charge a 20% fee while the majority of companies charge 25 percent.
Next, if you’re done by the program for debt relief you can enroll in their credit restoration program.
It’s a great way to restore the credit rating without going into debt again. However, the program lasts in a different way for each individual according to your personal situation.
Lastly, CureDebt looks into your financial obligations to assist in settlements and negotiations. So, your debt won’t increase over time. They’ll also look into any violations by creditors with the assistance of their in-house experts.
Drawbacks of using CuraDebt
We will also examine some of the negatives of CuraDebt.
Settlement of debt and debt relief typically require you to stop making payments using the credit card you use. Therefore, if you’re trying increase your rating on your credit, this could set you back while you’re finishing your credit card debt.
CureDebt also doesn’t offer a mobile application. While they have a client website but it’s outdated and basic. It’s not particularly intuitive and could be difficult to navigate.
Furthermore, they are not recognized by their Better Business Bureau although they were awarded an A+ rating.
The Final Verdict
CuraDebt is a good program that allows you to resolve your debt without having to spend more on those types of services. Moreover their 20% service fee is less expensive than the majority of companies that offer the 25% cost. There aren’t any upfront fees and you’ll only have to pay when your debt is finally settled.
Although they’ll give you an account to see your progress however, their website isn’t simple to navigate. CuraDebt does not have an app, which would make it easier to look at your performance.
But, they do have a competent support staff that you can contact them not only through emails but also via phone or making an electronic ticket. Youtube Irs Tax Relief Videos
If your credit card is a major problem, then we recommend CuraDebt’s service. Just make sure that you’re eligible and that the services that they provide are offered in your area.
FAQ Youtube Irs Tax Relief Videos
How long does it take to finish the program?
The average program is 24 to 48 months, dependent on the size of your debt and the agreed settlement.
Can CuraDebt help in the fight against state tax issues?
Yes, CuraDebt offers a program for tax relief that will help you with problems 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 make the necessary payments to pay down your debt over time.