CuraDebt is a company that seems to hit all the right spots with affordable pricing, low minimum debt qualifications, and industry experience. But there are a number of troubling questions surrounding its business practices and ownership that should be carefully considered before enrolling with them.
CuraDebt offers competitive pricing, charging only 20% of a client’s debt for their settlement services. This is price is slightly lower than most industry prices we have seen.
Experienced and Accredited
This is one of the longest running debt settlement companies in the industry. CuraDebt has been helping people get out of tough financial solutions since 1996. The company holds certificates with major industry accreditations, including the AFCC and the IAPDA.
Easy to Qualify
Of note is the fact that they take on smaller dollar cases as low as $5,000 in unsecured debt, allowing more people to use them than many competitors.
One of our concerns with CuraDebt relates to transparency. The company is filed in Nevada, but has no offices in the state. Instead, they list an address on their website in Hollywood, Florida in a building owned by Regus. According to Regus, a company that rents virtual and physical office spaces, there are three CuraDebt employees who work there.
While the company does have some ties to the U.S., it appears that most of their operation is located in Columbia.
On top of this, we are unable to verify through LinkedIn or the company’s website that there are more than two employees. Because there are only two employees listed on LinkedIn we question whether CuraDebt can handle large case loads.
Not Available in All States
CuraDebt is only available in a few states (37/50). The states they do not work in are: CO, CT, GA, ID, IL, KS, ND, NH, SC, VT, WA, WI, WV.
Currently, the BBB has an F score for CuraDebt.
How Much Does CuraDebt cost?
No fees are charged upfront. On average, clients are charged 20% of the total debt enrolled for CuraDebt’s services. No payments are made until the client accepts the settlement. There are no installment or administrative fees.
Are There Any Up-Front Fees?
They currently have no up-front fees.
Can I Get A Free Consultation?
Curadebt offers a free consultation over the phone or they can give you basic advice by just filling out the form on their site. If you fill out the form, you’re not committing to anything binding, you’re simply giving them permission to counsel with you about your debt.
Does CuraDebt Offer A Money-Back Guarantee?
The company will refund you if the settlement amount plus fees paid are in excess of the original debt.
What Types of Debt Does CuraDebt Work With?
They offer debt settlement for unsecured loans.
CuraDebt was formed in 2000 to help individuals and small businesses in settling debt. Operating for over 15 years has made this company one of the most experienced in the industry. CuraDebt offers a free consultation to help you better understand your situation and financial goals. The company’s team of representatives is committed to providing expert assistance, timely advice, and personalized solutions.
Time in Business
15 Years. Curadebt has been in business since 2000.
They have a F Rating with the BBB.
Curadebt has a blog about saving money, paying off debts, avoiding bankruptcy, avoiding credit repair scams and the like, but they don’t offer much that’s unique or any type of heavy duty training or education system. They also have a page with links to debt management and bankruptcy sites by state. Specifications and regulations vary from state to state, so this can be helpful information.
No. Curadebt does not have a responsive website, so when you pull it up on a phone, everything is more difficult to read. In addition , they don’t offer a mobile app. It would be beneficial for many customers if they had access to their information on a mobile device.
You can cancel services at any time, since you aren’t charged until a settlement is reached.
Curadebt specializes in debt settlement. They provided debt consolidation up to a year ago, but stopped a year ago once decided it wasn’t the path for them anymore.
Minimum Debt Accepted
The minimum amount of debt they service is $7,500.
No. There is no special dashboard for customers. As with all debt settlement companies, you always have access to your FCC account at all times.
Yes, they are proudly listed as an accredited member of the AFCC, but not the IAPDA.
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