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Sunday, March 3rd
CuraDebt got its start in 1996 in Irvine, California and has helped people nationwide with a variety of financial issues: debt relief, 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 their 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 relief 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" . Then 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 their debt relief program. 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 the video is 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 receive a free consultation to review your financial situation. CuraDebt recommends that you have your credit score available prior to your phone meeting - which you can get through the link on the CuraDebt site. You also may be able to access if online from your bank account or a credit card provider.
Variety of debt relief solutions
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 have praised their counselors as friendly and knowledgeable, and that the debt relief process went exactly as expected with the promised results. Consumer reviews elsewhere confirmed that impression, with over 900 5-star reviews and lots of support 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! Those results 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. Unfortunately, that means that now there are even fewer people who can take advantage of everything CuraDebt has to offer. There are other debt relief companies that work in all 50 states.
Super option - if your state is eligible
CuraDebt has everything you could want in a debt relief 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. It's too bad that with their limited area, not everyone can take advantage of this fantastic debt relief program.
If you're facing an ever-increasing pile of "past due" notices, threatening letters from the IRS, and credit card statements where you're barely paying the interest, you're not alone. With unemployment rates reaching record highs, more people are struggling to make ends meet. The average American carries over $90,000 in debt, from student loans to mortgages, and it's easy to get in over your head.
Debt relief is the solution you need. It may sound like a gimmick or a scam, but rest assured that there are many reputable services that can help you reduce the amount of money you owe and help you get back on track financially. These programs typically work by negotiating on your behalf with credit card companies and other debtors, through strategies like debt settlement and repayment plans. Some of the best debt relief services work closely with you to create a solid plan for moving forward too, helping you to make sound financial decisions and hopefully avoid needing such measures in the future!
Are you eligible for debt relief? The criteria vary by provider, but you probably need to have at least $5,000 in total debt owed across all categories (taxes, credit cards, auto payments, and so on). Also, be aware that some "debt relief" is structured as a personal loan: you use the proceeds to pay off multiple accounts and consolidate what you owe into a single monthly payment. In that case, the ball is in your court and you won't necessarily get any financial coaching or have professionals working to renegotiate what you owe.
Which debt relief program is best for you? That depends on several factors, such as the type of debt you owe and how much, as well as your credit history and ability to qualify for a loan. Here are several features to keep in mind as you evaluate your options for debt relief:
TopConsumerReviews.com has evaluated and ranked the most popular debt relief programs available today. We hope this information helps you get out from under your mountain of debt and gain the peace of mind that comes from knowing you're on the right track financially.
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