If you are struggling with unsecured debt or federal or state tax debt, CuraDebt may be a company that can help you. CuraDebt is a debt relief and debt settlement company that has been providing services since 2000. The company offers a range of services, including debt relief from traditional unsecured sources like credit cards, as well as help with tax issues.
- BBB A+ Rating & Accredited
- $1 Billion Million Debt Resolved
- $10,000 Minimum Debt
In this blog post, we will review CuraDebt, including the company’s offerings, how it works, how much it costs, and how to sign up. We will also discuss the company’s strengths and weaknesses and give our verdict on whether CuraDebt is a legitimate company or a scam.
What Is CuraDebt?
CuraDebt offers debt relief services and debt settlement company that has been helping consumers tackle unmanageable unsecured debts and federal or state tax debt since 2000. The company works with customers nationwide to resolve mounting debts without resorting to bankruptcy. Although debt relief from traditional unsecured sources like credit cards is the primary offering, the company can also help with a battery of tax issues.
The company is accredited by all major industry bodies, including the American Fair Credit Council, the International Association of Professional Debt Arbitrators, and the US Chamber of Commerce, but it is not BBB-accredited. However, the company’s Trustpilot score is sound, and overall consumer opinion is predominantly positive.
How Does CuraDebt Work?
Debt relief companies operate just like any debt relief company when applying for debt settlement. They’ll negotiate with your creditors by asking for a reduction in the amount owed. If successful, they will then deal directly with the creditor. You’ll make a single monthly payment to inclusive of all fees.
Debt settlement does not mean you’ll escape with your credit score unscathed. Your cards will likely be canceled, and your score will be impacted. The trade-off is that you could end up paying significantly less each month and less over time, too.
What Are the Trade-Offs?
While CuraDebt has robust industry accreditation and lower fees than much of the opposition, there are trade-offs to consider. The company is not BBB-accredited, and the website does not provide complete transparency. Additionally, it does not operate in all states, so it may not be an option for everyone.
How Much Does It Cost To Use CuraDebt?
One of the benefits of using CuraDebt is that you won’t need to pay any upfront fees. There are no monthly service charges, either. Assuming they can successfully negotiate your debts down, you’ll then need to make a single monthly payment to them instead of your creditors. All fees and costs will be rolled into this payment, making your life easier. You’ll discover precise costs when you take advantage of your free consultation.
What Could You Save With CuraDebt?
When calculating savings, all that counts is what you could save after all fees. You must also account for any tax liability you might incur on settled debts. Bottom line savings of 20% or so on the total debt enrolled are realistic after all expenses. Only you can decide if the negative impact of debt settlement on your credit score is worth paying one-fifth less on unsecured debt. That will depend entirely on your circumstances.
How To Sign Up With CuraDebt
If you’re interested in signing up for a debt relief program, the process is straightforward. Here’s how to schedule your free consultation:
- Visit the CuraDebt website
- Select how much you owe
- Declare whether you are behind on payments
- Choose your state of residence
- Enter your contact details then hit Free consultation.
During your initial phone consultation, the representative will outline your various options for debt settlement. If you decide upon a suitable program, expect to be emailed documents. Sign and return them. From this point, CuraDebt will negotiate with your creditors. They will request a reduction in the amount owed in exchange for settling the debt outright.
If negotiations are successful, you stop making payments to your creditors. Instead, you make a single monthly payment into an FDIC-insured account. They will guide you through setting this account up. They will take their all-inclusive monthly payment from this account. You get intensive one-to-one support throughout the process from a dedicated account manager.
FAQs
Is CuraDebt a legitimate company?
Yes, CuraDebt is a legitimate debt relief and debt settlement company that has been providing services since 2000. The company is accredited by all major industry bodies, including the American Fair Credit Council, the International Association of Professional Debt Arbitrators, and the US Chamber of Commerce. While the company is not Better Business Bureau BBB-accredited, the Trustpilot score is sound, and overall consumer opinion is predominantly positive.
What types of debt can CuraDebt help with?
The company primarily helps customers with unsecured debt relief and legal debt relief options, such as credit card debt, personal loans, tax debts, and medical bills. The company can also help with federal or state tax debt.
Does CuraDebt offer free consultations?
Yes, it offers a free phone consultation to customers who complete an online application on the company’s website.
What are the fees for using CuraDebt?
It charges industry-standard fees of 20% of the debt enrolled. However, customers won’t need to pay any upfront fees, and there are no monthly service charges.
Will using CuraDebt affect my credit score?
Yes, debt settlement companies may negatively impact your credit score. Your credit cards will likely be canceled, and your score will be impacted. However, the trade-off is that you could end up paying significantly less each month and less over time, too.
What is the turnaround time for using CuraDebt?
The turnaround time can vary depending on the amount of debt enrolled and negotiations with creditors. However, the company estimates a turnaround time of 24 to 48 months or more.
Does CuraDebt operate in all states?
No, CuraDebt does not operate in all states. The company operates in most states but may not be an option for everyone.
Does CuraDebt offer any free resources?
Yes, CuraDebt has a website rich in free educational resources. The resources can help customers understand their options for debt relief and provide guidance on managing their finances.
Will I receive one-to-one support when using CuraDebt?
Yes, CuraDebt provides intensive one-to-one support throughout the process from a dedicated account manager. The account manager will guide you through the process and answer any questions you may have.
Conclusion
In conclusion, CuraDebt is a debt relief and debt settlement company that has been providing services since 2000. The company offers a range of services, including debt relief from traditional unsecured sources like credit cards, as well as help with tax issues. The company is accredited by all major industry bodies, including the American Fair Credit Council, the International Association of Professional Debt Arbitrators, and the US Chamber of Commerce, but it is not BBB-accredited.
While using CuraDebt can help you save money on unsecured debt, it is important to consider the trade-offs, such as the negative impact on your credit score and the fact that the company does not operate in all states. Additionally, the website does not provide complete transparency.
If you are considering using CuraDebt, it is important to weigh the benefits and drawbacks carefully and to seek professional guidance if you are unclear about any aspect of the process. While debt settlement may not be the best option for everyone, it can be a viable solution for those struggling with unmanageable debt. Ultimately, the decision to use CuraDebt or any debt relief company should be based on a thorough assessment of your financial situation and the potential benefits and drawbacks of each option.
