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 debt management or debt
negotiation plans. Consumers have the option of a debt management or
debt settlement plan, depending on their financial and debt situation.
They are a member of the San Diego Chamber of Commerce, TASC (The
Association of Debt Settlement Companies) and the San Diego Better
Business Bureau. They are a BBB Accredited business since 11/30/2001 and
have a total of 4 complaints in the last 36 months -- of the total 4
complaints closed in the last 36 months, 2 were closed in the last 12
months.
How CuraDebt Works
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.
If you enroll in their program they immediately handle your creditor
calls. Based on the availability of your funds, they negotiate the best
payment terms and debt reduction with your creditors. 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 commission based company, which get paid based on a
percentage of successful negotiation results. They always try to get
their clients the best deal possible because they will only get paid
when they are fully performed their services. They work harder to save
you as much money as possible.
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%.
Even though they claim to their company are associated with a nonprofit
organization -- in alliance with a Non-Profit 501(c)(3) Organization --
they are a for-profit company.
A debt settlement program can be an effective way to resolve your debt,
but it can be a painful process and results may vary as the process is
subject to factors that neither you nor your service provider may be
able to control. As with any type of debt repayment plan, failure to
complete a debt settlement program is likely to cause a negative effect
on your credit.
Is CuraDebt Right for You?
As each case is unique, review your
financial standing and learn about your options first before enrolling
in a debt settlement program. In addition, understand all issues
mentioned by the standardized industry disclosure for consumers of The
Association of Settlement Companies (TASC).
So, if you have debts totaling $10,000 or greater consider contacting
the company. With knowledgeable counselors, extensive resources, and
proven results, you can ask as many questions as you like to see if they
can meet your needs.
"I believe this may be the fourth account that we have paid off. Thanks
again. You guys are great!!!! You don't realize how much stress has been
relieved from us with this. You guys have eased so serious pain for us.
Thanks!!"
- Stacie & John, MO"
"I completely endorse CuraDebt's Debt Negotiation Program. They have
helped my parents and me eliminate over $63k in credit card and medical
bills."
Mike Chung, FL (saved over $35,000)
"I tried to keep my failing business going by using my personal credit
cards and by the time I pulled the plug, I had about $107,000 in credit
card bills to pay. CuraDebt was able to reduce the balance to about
$40,000 and I was able to pay it off in about 23 months. Thanks again
for the great work!"
