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CuraDebt is a debt relief company from Irvine, California, trustworthy and with a lot of accreditations. It has helped over 20,000 customers so far and it operates in 36 states.
CuraDebt takes pride on its members of the counseling team, who have solid and extensive backgrounds ranging from Certified or Professional Financial Planning to business administration, mortgage management and others.
The company was founded in 1996 and reformed as a partnership in 2008, under the name of CuraDebt Systems, LLC. It is a member of the International Association of Professional Debt Arbitrators, the American Fair Credit Council, a member of the Online Business Bureau in ‘Good Standing’and a member of the US chamber of Commerce.
CuraDebt offers various financial services: debt and tax relief, debt settlement and debt negotiation. They can mostly work with your unsecured debts, such as credit cards, medical bills, lines of credit, personal loans, collections and repossessions, but with certain secured debts as well. However, they won’t help you with mortgages or home loans, student loans, lawsuits or utility bills.
In terms of debt consolidation services, CuraDebt has 3 programs: non-profit debt consolidation program, secured debt consolidation loan and unsecured debt consolidation loan.
The non-profit program is also known as a credit counseling program or debt management program and it helps people who are falling behind on their payments or they have trouble paying the minimum monthly payments. Debtors have to pay 2% each month and a fee to the debt management company.
The secured debt consolidation program is the one in which you offer a guarantee (collateral) for your credit, such as your home, car, etc.
The unsecured debt consolidation program is for the debts that are not secured in any way (personal loans, medical bills, etc).
If you want to find out more about the debt relief services offered by CuraDebt, you can follow this link:
http://www.curadebt.com/debt-consolidation-options/
The debt consolidation programs offered by CuraDebt have the average length: from 2 to 4 years, depending from case to case.
The company offers a free consultation for the potential customers and complies with the FTC regulations. However, it did find a way to charge a type of upfront fee, for your account maintenance. The fee is supposedly used to manage your electronic account, but it is still a drawback, considering that there are competitors who don’t charge anything except for their services and only after you start seeing some results. The company doesn’t offer money back guarantee either.
CuraDebt requires a minimum of $5,000 to qualify for their debt relief programs, which is less than the average of $7,500. Some competitors even ask for at least $10,000 in debt.
How does it work
If you are thinking about becoming a CuraDebt client, you can visit their website or call them for a free consultation. Your case will be assessed by one of their counselors and you will be informed whether you qualify for their programs or not and what is your best option. You will also find out what your fees will be, based on several factors. If you are not eligible, they will recommend you another agency. Once you enroll, a debt negotiator assigned by the company will achieve better rates from your creditors. You will also open a savings account and put money in it, money that will eventually go towards paying your debts.
The company charges around 20-21% of the total debt amount, which is the average on the market.
You can contact the CuraDebt team via phone, email, online chat or the form on their platform. Their phone hours are listed on their website.
Phone: 1-877-850-3328
Fax: 1-754-333-5510
Email: [email protected]
Social media: Facebook, Twitter, Google+, LinkedIn
Facebook: https://www.facebook.com/curadebt/
The staff is friendly and helpful. Although their website has some annoying navigation issues, it also comes with useful resources on debt consolidation and debt relief in general. They also have a blog if you want to find out additional financial tips.
Our editorial staff evaluates products and services independently, but Best Review Guide may earn money when you click on links. Read our advertising disclosure.
By: Cristina | Last updated April 12, 2017 
