CuraDebt review: not transparent enough

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CuraDebt is a debt relief and settlement company that helps consumers tackle unmanageable unsecured debt and federal or state tax debts. The company works with clients across the country to resolve growing debts without resorting to bankruptcy.

CuraDette odds

Strong points

  • Robust industry certification
  • Lower fees than most opponents
  • The refund policy in place inspires confidence

Compromise

  • Not BBB accredited
  • The website does not offer full transparency

What is CuraDebt?

CuraDebt has been providing debt settlement and tax relief services since 2000. Despite lacking Better Business Bureau accreditation, the company is accredited by all other major industry bodies, from AFCC to IAPDA.

While debt relief from traditional unsecured sources like credit cards is the primary offering, you will find that the company can help you with a battery of tax issues as well.

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How does CuraDebt work?

CuraDebt works like any debt relief business when seeking debt settlement. They will negotiate with your creditors asking for a reduction in the amount owed. If successful, they will then deal directly with the creditor. You will make a single monthly payment to CuraDebt, all charges included.

Settling debts does not mean that you will walk away with your credit score unscathed. Your cards will likely be void and your score will be impacted. The trade-off is that you could end up paying a lot less each month and less over time as well.

Cura Debt Summary

  • Accreditation: American Fair Credit Council, International Association of Professional Debt Arbitrators, United States Chamber of Commerce
  • Consultation: Free telephone consultation with the online application
  • Costs: 20% of the registered debt. Fees vary
  • Customer service: Phone and email
  • Accepted debts: Most unsecured debt of at least $ 10,000
  • Free resources offered: Site rich in free educational resources
  • Restrictions: CuraDebt does not work in all states
  • Service offered: Debt settlement by direct negotiation
  • Confidence Notes: 8.8 Trustpilot Score
  • Completion time: 24 to 48 months or more

How much does it cost to use CuraDebt?

You won’t have to pay any upfront fees with CuraDebt. There is also no monthly service charge.

Assuming they can successfully negotiate your debts, then you will need to make only one monthly payment to them instead of your creditors. All fees and costs will be built into this payment, making your life easier.

You will discover the exact costs when you take advantage of your free consultation.

What could you save with CuraDebt?

When calculating the savings, all that matters is what you might be saving after all the costs. You should also consider any tax liability you may incur on the debts paid. You should seek professional advice if you are not clear.

Savings of around 20% on total debt underwritten are realistic after all expenses. Only you can decide if the negative impact of debt settlement on your credit score is worth paying a fifth less on unsecured debt. It will depend entirely on your situation.

How to register with CuraDebt

Here’s how to schedule your free consultation:

  • Visit the CuraDebt website
  • Select how much you owe
  • Declare if you are in arrears
  • Choose your state of residence
  • Enter your details then press Free consultation

And after?

During your first telephone consultation, the CuraDebt representative will present your various debt settlement options to you.

If you decide on an appropriate program, expect to receive documents by email. Sign them and turn them over.

From that moment on, CuraDebt will negotiate with your creditors. They will ask for a reduction in the amount owed in exchange for an outright debt settlement. If the negotiations are successful, you stop paying your creditors. Instead, you make a one-time monthly payment to an FDIC insured account. CuraDebt will guide you through setting up this account. He will withdraw his all-inclusive monthly payment from this account.

You benefit from intensive one-on-one assistance throughout the process from a dedicated account manager.

Verdict

When you search for debt relief companies, you will find that most of them have broadly comparable deals. The fees tend to be similar and the savings claimed after the fees are also in the same stage. CuraDebt charges a standard fee of 20%.

Although the company is not BBB accredited, the Trustpilot score is strong and the overall opinion of consumers is overwhelmingly positive.

The main question to consider is whether debt settlement is the most attractive option given your situation. Make sure that you are fully aware of all the implications of settling debt in this manner. If you are sure that this is the best solution, you can face it with confidence. Customer service is smooth and you should save around 20% on the total debt you take out.

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Best Debt Consolidation Reviews of 2021

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Cura Debt Review

Although the company is not BBB accredited, the Trustpilot score is strong and the overall opinion of consumers is overwhelmingly positive.

The main question to consider is whether debt settlement is the most attractive option given your situation. Make sure that you are fully aware of all the implications of settling debt in this manner. If you are sure that this is the best solution, you can deal with CuraDebt with confidence. Customer service is smooth and you should save around 20% on the total debt you take out.

About Roberto Frank

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