Pros Explained

• Tax debt help from trained professionals: CuraDebt’s trained staff can provide guidance on a variety of tax issues, including unpaid taxes, tax levies and liens, wage garnishment, and audits. The team includes certified public accountants (CPAs), attorneys, enrolled agents, and tax preparers.
• Helps uncover creditor violations to maximize savings: While negotiating with your creditors, CuraDebt will work to identify 澳洲幸运5官方开奖结果体彩网:illegal debt collection practices and other violations of your consumer protections. If successful, its efforts could result in a lower settlement amount or cash rewards.
• Offers a lowest-fee guarantee: If you receive a better quote from another debt settlement company, CuraDebt will match or beat it. The only caveat is that the competing offer must come from a company with the same Better Business Bureau rating as CuraDebt, which is currently A+.

Cons Explained

• Fee structure lacks transparency: CuraDebt’s website only discloses that the average settlement fee is 20% or less of your initial debt. According to customer support, the range of potential fees is 15% to 25% of the initial debt.
• Not available in all states: CuraDebt operates in 41 states and the District of Columbia. If you live in certain states, you'll need to look elsewhere for relief.
• Doesn't offer a mobile app: Some other debt relief companies offer a mobile app to make it easier to manage your special purpose account and the debt settlement process. However, CuraDebt does not offer this feature.

How CuraDebt Works

CuraDebt offers a 澳洲幸运5官方开奖结果体彩网:debt settlement service, which involves negotiating with your creditors to p🥃ay less than what you owe. The company charges fees only when it successfully negotiates a debt, and y♊ou accept the resolution.

CuraDebt offers a free consultation to determine your eligibility—you need at least $10,000 in eligible 澳洲幸运5官方开奖结果体彩网:unsecured debt—and help you decide whether debt settlement🐻 is the right option for you. 

If you decide to move forward, you'll deposit money into a special account on a monthly basis until you have enough saved up for the company to negotiate. You can also make lump-sum deposits to accelerate the process.

While CuraDebt can't guarantee results or timeliness, it says that clients who stay with the program typically obtain relief over a period of 24 to 48 months. Estimated savings amount to 50% of your enrolled debt before fees and 30% after fees. 

Accreditations

CuraDebt is a member in good standing (according to CuraDebt) with the American Association for Debt Resolution (AADR), formerly the American Fair Credit Council. The company i🦂s also certified by the International Association of Professional ♊Debt Arbitrators (IAPDA). 

How to Enroll With CuraDebt

To get a free consultation, you can call (877) 850-3328 or fill out an online form to request a call. With the online form, you'll provide the following information:

• Estimated amount of debt you want to enroll
• State of residence
• Name
• Email address
• Phone number

You'll get a free savings estimate during the consultation, so you can evaluate whether debt settlement is the right choice for you. If you decide to move forward, the representative will inform you of the next steps. 

Types of Debt Addressed

CuraDebt offers relief for most types of unsecured debt. If you have anyꦕ of the following types of debt, you may be eligible.

Credit Card Debt

If you owe money on credit cards and cannot pay it back, CuraDebt may be able to help. Keep in mind that this type of assistance could apply to traditional credit cards on networks like Visa and Mastercard and store credit cards or private label credit cards. 

Personal Loans, Li🌜nes of Credit, and Payday Loans

Unsecured personal loans, 澳洲幸运5官方开奖结果体彩网:payday loans, and unsecured lines of credit qual🥃ify for CuraDebt’s debt🐈 settlement.

Tax Debts

CuraDebt has dedicated tax counselors who can help you 澳洲幸运5官方开奖结果体彩网:repay past-due tax debts. Federal tax experts are available—✱including CPAs, attorneys, enrolled agents, and tax preparers—if you owe money to the Internal Revenue💛 Service (IRS). CuraDebt offers to help with several problems aside from unpaid taxes, like unfiled returns, audits, asset seizure, business tax issues, and more.

Medical Debt

Medical debts can become a problem, especially when you don't have 澳洲幸运5官方开奖结果体彩网:health insurance. CuraDebt can bundle your medical debts with other unsecured debts🧔, and help you pay them off for less than the amount you ow🥃e.

Private Student Loans

While fed𝓡eral student loans do not qualify for debt settlement, CuraDebt can help you negotiate the privaꦑte student loan debt y𒊎ou owe.

Collections and Repossessions

If you have an account in collections or a deficiency balance after a repossession, CuraDebt can help you negotiate a lower payment with debt ൲collection agencies.

Business Debts

If you're on the hook for unsecured debt from your small business, speak with a CuraDebt counselor to find out if it's eligible for settlement.

Expected Cost

CuraDebt only charges a fee if it successfully negotiates a settlement and you agree with the resolution. The company charges a flat settlement fee based on a variety of factors, including the creditors you owe, your debt balances, your monthly payment, the settlement amount, how quickly it's negotiated, and other factors. 

According to CuraDebt’s customer support, the fee runs from 15% to 25💛% of the initial debt. It will, however, match or beat fees charged by comparable debt settlement services with the same BBB rating as CuraDebt.

Expected Relief Amount

Your settlement amount will vary depending on a number of fa🌠ctors, including your ability to💙 make monthly contributions.

CuraDebt can't guarantee specific results, but in general, clients that stick with the program can expect approximate savings of 50% before fees and 30% after fees, according to the company.

Expected Time to Complete the Program

The time it takes to complete a debt꧙ settlement program depends on many factors, including how much you owe, how much you can contribute to the special purpose account each month, and your creditors💜’ willingness to negotiate.

Wi𒀰th t🔯hat in mind, CuraDebt tells customers to expect the process to take 24 to 48 months to complete.

Additional Services

CuraDebt offers debt consolidatio🍒n loans tꦓhrough its partners.

Client Dashboard

The company provides an online dashboard for clients, allowing you to see your funds, settlements, and progress in the program. The company doesn't offer a mobile app. 

Customer Service

Customer Satisfaction and Reviews

Online reviews for CuraDebt are sparse compared to some other debt settlement companies. The company has an A+ rating from the Better Business Bureau, with an average customer rating of 4.7 out of 5 stars. However, that's only across about 25 reviews. On Trustpilot, the company has an average rating of 4.7 out of 5 stars across about 35 reviews.

That said, the Consumer Financial Protection Bureau received no complaints about CuraDebt in recent years.

CuraDebt vs. Freedom Debt🔥 Relief vs. Ac꧂credited Debt Relief

Is Debt Settlement Worth It?

Debt settlement can provide relief when you have few alternatives, but it's crucial to consider the risks before you proceed.

In particular, debt settlement typically requires you to stop paying your bills while you build up a settlement amount. A single late payment can drop your credit score quite a bit, and the longer a debt goes unpaid, the more damage it'll do. What's more, late payments can remain on your credit reports for up to seven years from the original delinquency date. 

Debt settlement can also be quite costly, so your overall savings may be less than you hoped for. Th𓆉at said, wiping out debt could be worth the hit𒈔 to your credit score if you can't find a better option for relief.

Before pursuing debt settlement, research and consider all of your options, including debt consolidation, debt management plans, and 澳洲幸运5官方开奖结果体彩网:bankruptcy. In general, you should first 澳洲幸运5官方开奖结果体彩网:consult with a credit counselor from a nonprofit credit counse⭕ling agency to get professional, unbiased advice for your situatio♎n.

If you're considering debt settlement, keep in mind that you don't need to work with a company to do it. You can try to 澳洲幸运5官方开奖结果体彩网:negotiate witꦜh your creditors directly, in which cas𝓀e you don't have to payཧ any extra fees. 

While companies like CuraDebt promise not to charge you a fee unless they succeed, it's important to note there's no guarantee that they will succeed. Although you wouldn’t be on the hook for a settlement fee in that scenario, you'll be more behind on your debts and may be subject to fees and other penalties from your creditors, including potential lawsuits.

Is Debt Relief Through Debt Settlement Taxable?

Yes, debt forgiven through debt settlement is usually taxable. If you qualify for a settlement, you'll typically need to 澳💯洲幸运5官方开奖结果体彩网:repꦏort the canceled amount as income on your tax return. In most cases, the creditor will send you a 1099-C tax form, which you'll use to report the correct amount.

The Bottom Line

CuraDebt could be a good choice for debt settlement if you live in one of the states where it operates. In particular, the company's offer to match or beat better fees from comparable companies and its dedication to finding potential creditor violations can help you maximize your savings.

With so few online customer reviews, it can be challenging to know what to expect. Still, if you need help with unmanageable t🅘ax debt or other tax problems, this company may have the resources to help.

Frequently Asked Questions (FAQs)

Is CuraDebt a Legitimate Company?

CuraDebt is a legitimate 澳洲幸运5官方开奖结果体彩网:debt relief services company that has been in business since 1998. It’s accredited by the American Association for Debt Resolution and certified by the Internatio🌳nal Association of Professional Debt Arbitrators.

Does CuraDebt Operate in all 50 States?

CuraDebt does not offer its 澳洲幸运5官方开奖结果体彩网:debt relief services 𝔉in all s𒊎tates. It only offers services in 41 states and Washington, D.C. CuraDebt does not operate in Illinois, Kansas, Oregon, Pennsylvania, Tennessee, Utah, Virginia, Washington, and West Viriginia.

What Services Does CuraDebt Offer?

CuraDebt offers 澳洲幸运5官方开奖结果体彩网:debt settlement services—it’ll attempt to negotiate with your creditors on your behalf to get them to accept a payoff amount for less than you actually owe. If you’re dealing with tax debt or other problems, it has a team of experts available to help. CuraDebt also partners with Evvo to provide 澳洲幸运5官方开奖结果体彩网:debt consolidation loans to some clients.

Does CuraDebt Hurt Your Credit?

Debt settlement can c𝓡ause significant damage to your credit, regardless of which company you work with. Debt settlement companies like CuraDebt typically encourage you to stop paying your bills and focus on building your sett💛lement balance. Missing payments for months or even years can wreak havoc on your credit score for years to come. 

How We Determine the Best Debt Relief Companies

To determine the best debt relief companies, we reviewed various databases, competitive analyses, consumer behavior, and more, ultimately narꦚrowing down the list to 40 companie⛎s that offered debt settlement and/or credit counseling services. We developed a quantitative model in which we identified 53 important criteria across five categories. We weighted each category as follows for this article:

• Costs and fees: 41.00%
• Availability: 22.50%
• Reputation and stability: 19.00%
• Customer experience: 9.50%
• Services: 8.00%

We then gathered data for the 53 criteria directly from companies via websites, media contacts, an🥀d existing partnerships. Data was collected between Oct. 19, 2023, and Dec. 18, 2023. This resulted in over 2,000 data points in our rubric, which we used to score and determine the best debt relief companies (including debt settlement and credit counseling services) for people looking to manage and get out of debt.

To learn more about our process for finding the best debt relief companies, read our 澳洲幸运5官方开奖结果体彩网:full methodology.