Friday, 16 January 2015
CuraDebt was founded in 2000 with the intention to provide financial solutions within the debt relief sector. In terms of debt settlement, there are two routes you can take. The first is an attorney-backed process and stipulates a fee of 15 percent of your total debt plus any legal fees incurred. The other program involves a performance-based system in which the negotiators will work out a settlement and charge you up to 40 percent of the savings they secure. The performance-based cost seems to be excessive in the grand scheme of things. In addition, consumer reviews reveal that the CuraDebt representatives are not forthright in disclosing their exact costs during the initial consultation. The debt settlement industry as a whole is not portrayed in the most favorable light so this inconsistency is a strike against the company.
On a more positive note, the company has a money-back guarantee to serve its customers and a number of affiliations which are indicators that it abides by the industry standards. They’re in good standing with The American Fair Credit Council (AFCC), The Association of Settlement Companies (TASC) and the International Association of Professional Debt Arbitrators. These watchdog organizations are dedicated to upholding fair practices and compliance of industry-wide regulations. Debt settlement organizations can be cunning so pay close attention to any discrepancies between the company’s assertions and their actions.
As far as CuraDebt’s website and support center goes they do offer telephone, email, and live chat services. However, there are reviews floating around the web that the company doesn’t always answer their main telephone line. This may be a red flag so take caution to the wind. They also don’t have a rating by the Better Business Bureau.
The last major point to take into consideration is there online resources. Unlike National Debt Relief, CuraDebt doesn’t have a trove of financial tools on their website but they do sponsor a blog with valid financial advice.
Verdict - Very Good
What really stands out about CuraDebt debt settlement program is their low service fee and their assortment of awards with consumer ranking groups. Top Consumer Reviews awards them 5 stars and Top Ten Reviews gives them a total of 9.13 points out of 10. They also rank in the top 5 debt management companies
