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Sunday, September 24th
CuraDebt got its start in 1996 in Irvine, California and has helped people nationwide with a variety of financial issues: debt consolidation, tax resolution, and many others. Currently headquartered in Hollywood, Florida (not California!), the company offers a free initial consultation with no obligation to sign up for paid services. More than 180,000 people have successfully used CuraDebt to take care of unsecured debts.
Many different types of debt are eligible
What kind of debts do you have? CuraDebt can probably help with most of them. Their list of debts available for consolidation and other strategies includes credit cards, IRS debt and back taxes, personal loans and lines of credit, business debts, medical bills, and collections/repossessions. In special cases, they can also help with lawsuits and student loans. The only kinds of debt that CuraDebt can't help you manage are utility bills, mortgage or home loans, auto loans and government loans.
Helpful info after registering
To see what CuraDebt can do for you, click the button that says "Get a free savings estimate" . Use the slider to indicate your debt amount - it'll need to be at least $5,000 to be eligible, even though the slider goes down as low as $1,000 - and then select your state of residence. Provide your name, email address and phone number, and you'll be taken to a helpful intro video that explains more about debt consolidation. We like that potential clients have a hassle-free way to get some background information before speaking with a credit counselor. (Settle in, though, because it's 30 minutes long!)
Call directly or wait to be contacted
From there, you can either call the toll-free number provided or wait for a CuraDebt senior counselor to reach out to you. You'll get a free consultation to review your financial situation, and CuraDebt recommends that you access your credit score prior to your phone meeting. (You can do that through the link on the CuraDebt site, or access it through your bank account, credit card provider, or any way you prefer.)
Free consultation with an advisor
Your advisor will work with you to design a personalized solution to your debt. The strategies used by CuraDebt may include debt consolidation, debt negotiation, debt settlement, and tax relief, depending on your circumstances.
No fees until debts are settled
What will it cost? CuraDebt charges no fees until a debt has been settled, and those will depend on how much debt is consolidated or discharged. Generally speaking, however, you can expect a savings of approximately 50%, with a net savings of around 30% after CuraDebt's fees are deducted. The process usually takes anywhere from 24-48 months to complete.
Lots of praise from clients
CuraDebt continues to have a positive reputation. Although the BBB hasn't yet accredited the company, they still give it an "A+" rating. Even more impressive is the nearly perfect 4.97 out of 5 stars average across all of the reviews left at the BBB: people said that their counselors were friendly and knowledgeable, and that the debt consolidation process went exactly as expected with the promised results. Consumer reviews elsewhere confirmed that impression, with over 900 5-star reviews and lots of praise for CuraDebt's services.
Check out how much people saved
If you really want to have some fun, go to the Results tab and browse the actual letters from clients to see their settlement amounts. Would you like to only pay $1,267 on a balance of $6,332.61 at Capital One? How about $1,244.49 on a balance of $12,444.96 at Chase Bank? We would! These services are legitimate and can go a long way towards helping you get on solid financial ground again.
Smaller-than-average service area
One downside is that CuraDebt isn't available to all residents of the US. Since our last review, more states were added to the list of areas they don't serve, going from 11 up to 16. Those states include CT, HI, ID, KS, LA, ME, MT, NH, NV, OR, SC, TN, UT, VT, WV and WY. It's unfortunate that there are even fewer people who can take advantage of everything CuraDebt has to offer. There are other debt consolidation companies that work in all 50 states.
Super option - if your state is eligible
CuraDebt has everything you could want in a debt consolidation company. They're transparent with all of the ins and outs of their service and have a proven track record for helping clients with almost every type of debt. But, with even more places that aren't included in their customer service area, we're disappointed that not everyone can take advantage of this fantastic debt consolidation program.
Maybe you've gotten overwhelmed by credit card payments and overdue bills, and now you're wondering if there's any light at the end of the tunnel. Or, perhaps you're a financially-savvy consumer who wants to take advantage of lower interest rates, in order to pay off your mounting credit cards bills. Debt consolidation can be a smart strategy either way.
What, exactly, is debt consolidation? It's important to understand that companies offering it may mean different things. For some, debt consolidation is offered as a personal loan: you borrow funds that you use to pay off all of your outstanding debts. Your interest rate should be much lower than your credit cards, and now you've got a simplified, single payment to make each month. This can be a great way to boost your credit score by reducing the likelihood of making late payments (or none at all) and get on your feet again financially. On the other hand, you're in charge of using your loan money responsibly - and not to buy things you don't need!
Other providers of debt consolidation take a more hands-on approach, giving you credit counseling and even going to bat for you with your creditors. The services they provide may include negotiating a lower debt amount or getting your debt forgiven altogether! You might pay a monthly fee for this kind of debt consolidation, or it might be a flat fee based on how much money they saved you overall.
Either route you choose, there are a lot of options out there. How can you decide which one is right for you? Keep these points in mind as you weigh out the possibilities:
TopConsumerReviews.com has evaluated and ranked the best debt consolidation options available today. We're confident that this information will help you choose a strategy to pay down your debts and get your finances in order!
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