Facts About CuraDebt Debt Relief

CuraDebt is a company that has been around since 2000 on the net. They were formed to focus on helping people nationwide avoid bankruptcy through various debt relief programs. Consumer debtors have the option of a debt management or debt settlement plan, depending on their financial situation and type of debts.

They are a member of TASC (The Association of Settlement Companies) an organization that regulates the debt settlement industry. They have a BBB Rating of D- on a scale from A+ to F, because BBB concerns with their industry. Also, BBB processed a total of 25 complaints in the last 3 years, of the total 25 complaints closed in the last 3 years, 11 were closed in the last 12 months.

How CuraDebt Works

You can request a free online savings estimate by filling out a form. This will be confidential and doesn't involve a credit check. You can find out about your best debt reduction options without any obligation to do business with them.

They assign an experienced financial counselor to each client that enrolls in their debt relief program. The support team includes lawyers, financial advisors, lenders, credit arbitration experts, and psychologists. This team has experience in making settlements or negotiating terms on both financial issues and legal issues.

When you enroll in a debt settlement program the firm immediately handles all your creditors' calls. Based on the availability of your funds they will negotiate the best payment terms with your unsecured lenders. As they have good relationships with creditors, law firms and collection agencies they can negotiate lump sum settlements or payment plans that work in your favor.

Pros and Cons

CuraDebt is a reputable company that gets paid based on a percentage of successful negotiation results that include, but not limited to, reducing interest rates, late and over-limit fees. They even guarantee that the total amount paid back to all creditors -- including their fees -- will be less than the total amount due to the creditors upon entering the program or their services are free.

If you have a lump sum, they can help you achieve a significant debt reduction through volume. Instead of just settling $10,000 account, they can potentially be looking at $700,000 plus of debt. This means savings to clients. On their website you will find debt settlement and negotiation letters with reductions from 50% to 89%.

Curadebt is a for-profit company that is not a BBB Accredited Business. Their debt settlement program works, but the results may vary as the process is subject to factors that neither you nor the agency may be able to control. Also, failure to complete a debt settlement plan is likely to cause a negative effect on your credit, at least temporarily.

Is CuraDebt Right for You?

There are testimonials from customers who are finishing their program, debt free! But as there is no single solution for different type of debt problems, you have to learn about all issues mentioned by the TASC disclosure statement for consumers and review all of your options before enrolling in a debt settlement plan.

If you have debts totaling $10,000 or greater and you want to be sure you get the best plan, get a FREE Debt Evaluation! A counselor will respond to you with a custom plan and you can ask as many questions as you like to see if they can meet your needs.

Get Free Consultation!