CuraDebt Helps Get You Out of Debt

The worst case scenario that you can encounter when you enter any debt settlement program is that you pay in advance thinking that you are guaranteed that there will be favorable results. However many times the company will not able to deliver the debt reduction that you are aiming for! But, if you are reading this CuraDebt review you are probably asking yourself do they actually work? CuraDebt is not that kind of company that will take your money and do little to nothing. They will offer you a sensible and friendly approach to make sure that you will get the best results. Other debt settlement companies want to be paid for their work without really empathizing with their clients. CuraDebt on the other hand is paid on a commission basis so they will only get a certain percentage of the amount that they manage to save you. This simply means they do the work and they get paid for it. They have an unusual policy of written guarantees and can provide you with “real” results. This assures you that they will do their best to get you the best offer or else they will not charge you for services.

 

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To give you a background about CuraDebt here are the facts. CuraDebt is one of the most established and well known debt reduction companies in the United States. They have been in business since 1996. Before the company was established those who are behind CuraDebt have already 25 years of experience in this industry. They pioneered the concept of debt settlement. Their online service started operating since 2000. Their company is based in San Diego, California.

There are many advantages being in business for a long time and CuraDebt has already helped people save millions of dollars. Since CuraDebt has a good relationship with most of the major creditors this gives them the leverage and the edge over the other companies offering the same service. Rather than negotiating for just one deal their combined negotiations for their customers(including you) allows them a sizeable discount which in turn helps you get a better deal.

CuraDebt’s initial application process is so simple. You just need to visit their website online to complete a very basic inquiry form (click here to fill out that simple form). After you fill this up with your complete information and contact details a CuraDebt advisor will get in touch with you to review your financial situation so that they can help you arrive with the best solution possible. CuraDebt offers a wide range of debt reduction solutions so there are lot of option to choose from. CuraDebt also offers services for those who are in business so if your debt encompasses both your personal and business areas these can be evaluated and consolidated for easier resolution.

If ever you decide to avail of their services, they will assign a well experienced counselor to help you deal to the whole process. These counselors does not just act as financial advisers, they can also offer you practical support as well as emotional support too. The CuraDebt support team is compose of lawyers, credit arbitration experts, financial advisers and psychologists. If you need legal advice, they have a network of local lawyers across the country to assist you. What we really like about CuraDebt is they are more personal than any other debt consolidation company.

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In 1996, CuraDebt began serving individuals and small businesses in California by offering financial and creditor negotiations, debt settlement and arbitration services for them. The people behind these credit repair service company have been in business for almost 25 years now and has extensive knowledge about the credit card companies, and mortgage banks. CuraDebt has been negotiating for both the lender and borrower so that they can both benefit when an amicable settlement has been decided by both parties involve.
In the year 2000, CuraDebt’s presence was felt by those people whom they have helped with their bankruptcy problems. The standout features of CuraDebt are as follows:

• One of the Country’s Top Debt Help Companies Based on their credentials and overall successful rates of clients that this company has been able to help with their credit repair problems.
• Free online debt analysis in just 30 seconds.
• Your personal information is safe with this company.
• Helps you save almost up to 70% on your unsecured debts.
• A company with solid reputation.
• Dedicated service to help you achieve your ultimate goal of having a higher credit score.
• Written guarantee of their commitment to do their best to help you with your credit concerns.
• One stop shop debt settlement/consolidation with credit counseling services.
• Genuine and active involvement in helping their clients with their respective debt challenges.
• FTC compliant which makes their counselors transparent with the services that they offer.
• You are assured of having financial peace of mind.

A debt settlement company who is both reliable and honest is a priceless gem that is hard to find and you have found it with CuraDebt. With this company as a customer, you are treated like a personal friend in a comfortable environment with no complicated processes to add more worries to your already stress out brain. When you avail of their services you get a free analysis of your credit problems with a personal financial counselor to help you go through the process. CuraDebt can help you have enough money to settle or help you set up a good payment plan for saving enough so that you can settle with your creditor later on.

CuraDebt’s professionalism has made it a member of some professional organizations who offer good services to their clients. CuraDebt is a member of good standing with TASC which is one of the largest debt settlement companies in the world. There are a lot of key reasons why CuraDebt is chosen to be the number one in terms of professionalism which is displayed to through the services the company provides. Customers can feel that there is light and hope at the end of a long dark tunnel financially speaking. So I would HIGHLY recommend CuraDebt to conclude this review.

 

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This is a guest post by Kevin Craig who is a financial writer associated with Oak View Law Group. He has been providing advice on debt settlement since 2007. With his advice, many people are now living a debt free life.

If you are a Canadian consumer who is lying on the verge of financial collapse and receiving repeated harassing calls from the over-aggressive debt collectors then you must be frantically looking for a way out. Seventy to 80 percent of people are enticed by collectors out of fear and seldom realizes the consequences well. Don’t fall into this vicious trap set by the collectors. Remember, the collection agencies will not move down to lump-sum payments and smaller monthly repayment plan until they find some common ground. Believe it or not, you do have some leverage here as well. The debt collectors will be paid a commission on the amount they will be able to retrieve from you, therefore think logically and try to negotiate an affordable and convenient repayment plan with the debtors. To negotiate effectively with a debt collectors the first thing that you need is a thorough knowledge of consumer rights. Read on to know what the parliamentary Canadian system offers as consumer’s rights and how could you be benefited by them in dire need.

Debt collection in Canada is governed by the laws of provinces and territories but they are quite similar in nature. The laws are there to preserve the debtors’ rights to be treated with dignity and not to be unduly harassed by the creditors and collectors. They collection agencies are no way allowed to barge on you at unreasonable hours or jeopardize your job by interrupting at the working place.

Debt collectors are prohibited to…

Put up a charge or threat that has nothing to do with the debt collection.

• Use profane language to provoke the consumers.
• Contact your employer without your permission except for confirming your employment.
• Humiliate you, your family or your employer with an offending tone.
• Make frequent calls, more than once a day to harass the consumers.
• Issue a false document that is made to look like an official court statement in order to threaten you.
• Giving threats of violence, repossession or jail time

As a consumer, if you wish to complain about a collection agency, you should contact their provincial or territorial office of consumer affairs.

Keep in mind

Before a collection agency or creditor attempts to collect on a debt or start a legal procedure against you, you must be notified in writing about the debt amount.

Under the Credit Reporting Acts consumers’ rights are protected and no one is able to obtain a copy of the consumer’s creditor report without having written permission of the consumer, or notifying the consumer at least three days before obtaining the report. Consumers have the right and option to place a 100 word statement on their credit report to be given to any business, government agency, lender, landlord or other authorized individual or organization.

To conclude, you have to know what the truth is and what not the truth is so the consumers won’t be able to frighten you into agreeing to payment terms that you can’t afford. Don’t be intimidated by all these collection efforts and remember, you always have the law on your side.

Winning a debt settlement negotiation is mainly about knowledge and talent (See CuraDebt review). Knowing what to say and how to say it, you can always get a lender or collecting agency to cut your delinquent bills in half. Before contacting your creditor, think about how you will negotiate your credit rating, what should be included in the agreement, how you would pay them, what will happen if you still fail to pay, how to stop the creditor if they try to collect the difference, and how the IRS is involved.

How will I negotiate my credit rating?

In exchange for your payment, you can ask the creditor to cancel the negative entry on your report. If you cannot get a deletion, why not go for a paid as agreed, unrated status, or current account? Avoid negative listings such as account closed, paid charge off, settled or repossessed. In addition, you want ‘paid in full’ with no more collection on your account indicated in the agreement. If your creditor will agree with your requests, then don’t pay them.

What should be included in the agreement?

First, find a lawyer to review your agreement, and ensure that all your terms are in the agreement before you send any money. Draw up the settlement, or wait for your creditor to send it to you. Send out your agreement and wait for the lender or collection agency to sign it before returning it. Ask the financial agency to send the agreement by fax, then by a letter.

How about paying them?

After the lender signs the settlement agreement, you can send your payment with a copy of the agreement by a wire transfer, overnight mail, quick collect, or Fed Ex. Do not use a check as the creditor will acquire your checking information and you do not want them taking out payments, would you? Rather, use a cashier’s check, a prepaid credit card, or money order with the exact amount. Be sure you keep and store receipts out of harm’s way.

What if I cannot keep my agreement? What can ensue?

If you do not strive to meet your commitment, your creditor will reinstate your original terms, adding late and over the limit fees. Moreover, interest rates will go up, and you can probably even be sued.  Then once again the phone calls will begin and they will try to collect the debt from you.

What if the creditor tries to collect the difference in my settlement?

Believe it or not creditors try these unethical tactics more than you think.  In certain states, this is illegal, and you’ll have to write your creditor, letting them know that. Other states permit creditors to come after you to collect the difference. In this case, you’ll find that the creditor has written or stamped the words “without prejudice” or “under protest” on your check.

How is the IRS involved in your debt settlement?

When a creditor settles an obligation for less than what’s owed, they have forgiven the difference on what you owed. A creditor has to report any amount forgiven above $600 to the IRS for taxes. The creditor also has to send you a 1099-c form showing the amount deducted in the settlement. The IRS considers the money a gain to you and for that reason, is income. You are required to pay taxes on this gain by law.

To wrap up, be sure to always be in control when it comes to negotiations, so you can realize your ultimate purpose, which is saving money and protecting your credit rating. Now you have this vital information, you can go out there and take action.

Sick and tired of dealing with your debt problems?

Pay the creditors 30-40% of you debt and stop the phone calls.

Why wait for tomorrow when you can do it today? Act now before it is too late. Repair your bad credit before it gets worst. But for you to know that you are on your way to bad credit, here are some of the signs to consider:

First and foremost, you need credit repair when your credit card application has been rejected. Rejection of application simply means that you have a poor or bad credit score. In order to avoid pulling down your score further, re-check the requirements you need for the application of credit card and much more you should also check your report before submitting an application.

Secondly, as soon as you have noticed that you are being called by your creditors every now and then to remind you of your due dates, get yourself alerted. You may have overlooked your accumulated debts in a period of time, and so it is time to do something about it and protect yourself from getting penalty charges and higher interest rates.  Your problems aren’t going to go away (you have to deal with creditors), and not answering the phone is not going to do you any good.

If you are dependent on your co-signer to get an approved loan or credit card, it is time to think about establishing a good credit history yourself. It’s not forever that you have to rely to your co-signer. Having a personal credit line is better than having to keep yourself tied with your co-signer all the time.

Next, you may not know it but some job employers require or make it big factor to have a good credit background from their job applicants. They evaluate you as a person based on your credit history which can influence the hiring officer’s decision. Competition is tough especially when you have co-applicants that have better personal credit since they will be favored over you.

You also have to consider credit repair when you can’t simply rent an apartment that like. For some landlords, good credit payment history is essential since this would give them that confidence and assurance that they will get paid in a timely manner.

You need credit repair when you start feeling afraid to see what’s in your report. It is when you start eluding yourself away from checking and monitoring your credit reports. You’re just acting crazy if you do that because no matter how you try to avoid it, it is in there. All you have to do is face it and do something about it right away.

Lastly, start repairing your credit once you observe that creditors refuse to give you a low rate. It is as simple as saying that when you have an excellent credit history you will get lower interest rate but if you don’t, expect a higher rate.

More consumers are falling into credit card debts by the thousands. Before you contact any credit card debt settlement service you must be armed with the right information. You need to know how much you owe all of your credit card issuers. If you do not keep a record of this then coordinate with your credit bureau for a credit report.

Credit card debt settlement companies must place in writing any offer to write-off your debt in exchange for an agreed lump sum that you need to pay them (which is lower than what you owe them).  It is advisable to settle above 40% of what you owe them. Be sure that you have the money to offer to them before you negotiate to settle your credit card debts. Some creditors consider a monthly installment credit card debt payment plan.

You will need to pay the credit card debt settlement company a certain service fee. Do not pay them until they have deliver what they have promised if they ask you to make an upfront payment then better moved on to another debt settlement company.

Pay the lowest balance in your credit card account and moving on to the next until you have paid it all up to the highest balance in your account. Your personal goal is to take control of your financial life by increasing your cash flow each month. The more excess cash that you have on hand the better it is to pay your debts.

There is another option that of making small payments to pay your debts. It works like this when you have a few dollars in your hand immediately send it to your credit card company to reduce your outstanding balance.

To avoid adding more to your financial problem, make your cards inaccessible. Seeing them may tempt you to spend for some things that you really don’t need. Keep your credit cards under lock and key and have a trusted family member keep the key.
Get a Part Time Job to help you in paying for your credit card debts. This is teaching yourself to be more disciplined with paying for your debts at the same time you are nearer with your goal of freedom from debts. Self sacrifice is necessary.

Once you have paid your creditors what you owe them request that they would report your accounts to the credit bureaus as “settled” or “paid”. Keep a copy of your agreement letter after you settle as proof of the settlement agreement as well as the terms that you agreed upon. This can help you later on in the future for any issues that may come up against your credit.
The IRS views your debt settlement as debtor’s income. Better have proofs of your insolvency at hand before the settlement agreement finalizes so that you won’t be liable to pay for an extra tax payment due to debt forgiveness.

It is not against the law to be in debt but what is against the law are the tactics used by creditors and collection agency. Owing these creditors money does not give them the right to harass or threaten you. The wisest move that you can do is to know the law that protects you against these unlawful acts that the creditors and collection agencies are committing in order to collect debts.

The Fair Debt Collection Practices Act (FDCPA)

This law draws the boundaries that can be used by third party collectors. FDCPA has set some rules in order for consumers to know what can be termed as debt collector harassment. According to FDCPA the following are considered violations of this Act by the debt collector:

•    Harassment by repeatedly calling at unusual times
•    The threat of using violence and legal action against you if you don’t pay
•    Using improper and abusive language
•    Calling your place of work especially when you specify that you cannot be contacted at your place of work
•    Sending notices that look like court notices again this is a form of mental harassment
•    Publishing a list of consumers who have not paid, therefore besmirching your reputation
•    Trying to extract payment over the phone
•    Giving a false identity that he is a lawyer or a federal agent
•    Contacting you even after you dispute the debt

A debt collector can only call you if there is a genuine debt to recover. To avoid the harassment that these overly enthusiastic debt collectors make against you there are simple things that you can do:

•    Stay calm during the call. Do not negatively react readily.
•    Do not argue with them
•    Do not use foul language
•    Do not reveal your bank information
•    Ask for a debt validation
•    Send a cease and desist letter

Third Party Collectors

This is a collection agency that is hired by your original lender to collect your debts on their behalf.

The best course of action that you can take when you are being unjustly threatened is to consult a debt settlement lawyer that can give you the best advice on what to do. You should only consult those debt settlement companies who have a reputation for being trustworthy. Some unscrupulous debt settlement agencies wrongly encourage consumers like you and me to use illegal tactics to allegedly “clean up” your credit reports.

Because of the complaints coming from their victims the Federal Trade Commission has impose strict regulations for this credit repair agencies to follow so that there will be no repeated occurrence of these unfortunate scams. If you are thinking of getting the services of any similar debt settlement companies do carefully investigate them before entering into an agreement with them. Be wary of credit restoration service providers that appears like a law firm but fails to indicate the full name of their lawyers. They should also clearly indicate which state they are licensed to practice because maybe your location is out of their jurisdiction.

Establishing a good credit history is one of the most significant things you can do for your own future. Credit history follows you the rest of your life, and affects future loans, insurance premiums, as well as job opportunities.

People with good credit ratings are given lower interest rates, easier repayment terms, and also more easily approved for loans. With poor credit history, however, it becomes much harder to find loans, you are subject to higher interest rates, and need to pay higher insurance premiums.

You can look at credit history as your track record in loaning. It tells the creditor whether you repaid your loans on time or not—and if you can now. As soon as you apply for a loan, the lender contacts one of three major credit reporting bureaus: Experian, Equifax, or TransUnion. Each agency has a record of your credit history, which your previous lenders have supplied them. A credit report shows how much you have borrowed, when, and how faithful you have been paying.

So begin by creating a good credit history. This is easily done whether you haven’t borrowed money before, or if you’re trying to fix a poor credit history. You need time, persistence, and intelligent decisions to establish credit rating again. The key is to begin with good credit. If you don’t do this, it takes a long time to re-establish your credit.

Open a Checking Account

A good banking history is the first step in learning how to manage your money. See, you’re building a relationship with a bank to help you secure credit in the future. Think about how you will manage your account prudently, staying away from overdrafts.

Take Out a Secured Credit Card

For new borrowers, secured credit cards are recommended. Here, you are given a credit card in return for a deposit amounting to the credit limit. Your deposit is your collateral for the credit. The bank uses your deposit to pay for your debt if you fail to pay according to the card repayment terms.

A secured card is used the same way as a regular card. Pay off the full balance monthly, or make minimum payments, but be sure to make payments on time. Delayed payments will raise your interest rate, and also cost you in late fees — damaging your credit history.

Use a Store or Gasoline Credit Card

Easier to acquire than regular credit cards, a lot of gasoline cards don’t allow you to have a balance from one month to the next. This makes them a good option for beginners. You can also take a store credit card to use at particular retail stores. Gas and store cards often have higher interest rates, but they are a good step in building a credit history.

Co-Sign on a Loan

You can establish credit by co-signing on a loan. If, for example, your parents need a car loan, they may allow you to co-sign with them. This gives you the opportunity to build a credit history, not being subject to high interest rates. But be very cautious when co-signing on any loan, because by doing so, you are just as responsible for the loan. Nonpayment by the lender will appear as late payment on your credit history.

Use Credit Wisely

Never haphazardly apply for credit cards and loans. Make decisions based on terms and interest rates. Every time you apply for a credit, an inquiry is noted in your credit history. If there are too many inquiries, creditors become suspicious.

The secret to establishing good credit history is to pay all bills and loans promptly. Every late payment counts against you. Bank account overdrafts, unpaid medical bills, and utilities can also harmfully impact your credit report.

Creditors and credit bureaus are greatly interested in your capability in repaying your loans. Take the effort to create a good credit history, which will help shape your financial future.

The Fair Credit Reporting Act within the United States regulates the consumer news agencies on how they conduct their business. One of the guidelines stated in this law is that credit report companies should verify if the credit reports forwarded to them by these credit bureaus is accurate and true.

What is the Fair Credit Reporting Act (FCRA)?

This law regulates the activities of the credit bureaus. These three credit bureaus maintain records of all of the citizens’ financial payment history, complete personal identification information and public record data such as unlawful detainer action against you. The credit reporting bureaus sell the information (consumer report) to creditors so that they can be guided in whether they can offer you credit or not.

The FCRA will punish any unauthorized persons who try to obtain credit reports. They also give the same punishment for people from credit reporting bureau who sells this personal credit reports to unauthorized persons. Recent amendments were made to this Act to expand the consumer rights and placing additional requirements on CRAs. The businesses’ that supply your information to the CRA have new responsibilities under the amended law.  Some cause of delay in some States is due to the indirect handling of the major credit bureaus. The agency instead uses another company to handle their consumer relations. Since there is another party involve the delay happens. Errors can take months to clear up.

You have no cause for worry if you have a good credit report. You may be able to obtain credits to purchase goods and services, apply for a home mortgage loan, and apply for insurance and employment. However, the same information from these credit bureaus may be used against you. Check your credit reports annually so that you will know what personal information was given to your creditors.

Credit reporting bureaus can charge you a reasonable fee to obtain a copy of your credit report.  For additional reports they charge $9 per company. Receiving them can take ages, unless you enroll in a monthly credit monitoring service. If you have been denied credit because of the information that was taken from the credit reporting bureau, the creditor is obliged to furnish you with a copy of the credit reporting bureaus’ name and address.

If you have plans of opening and managing any kind of business together with the strategies of making a profit, you might also want to consider what is to be done if ever the business flows into an extensive loss and dissolution comes now into the picture. On these situations, the last option may be left is liquidating a business to leave off the company properly and securely without having any liabilities to be paid to the creditors. Let us now converse on liquidating a business.

What is Asset Liquidation?
In business language, asset liquidation is said to be as an exit tactic acknowledged by business owners as they are just planning their business initially. On the other hand, when the company is nearing bankruptcy or is going on huge losses, the need for liquidation may now arise. The process now involves selling all the received company assets and is utilized in compensating debts f the corporation and liabilities of the creditors or capital providers. Some factors are needed to be considered on which will be the priority of the debt compensation. The assets which are to be sold consist of machinery, equipment and tools, real estate and company inventory (if there is one).

Concerns for Liquidating a Business
Getting out of the business successfully entails a well-thought-out plan from all the parties involved in the organization and operation of the business. Commonly, asset liquidation is the last thing to be done in the dissolution of a company. It only happens if the designated members and owners come to a decision to stop all the operations of a certain company. If any cash remains after all the debts are paid off, it is now disseminated among the members, owners and stockholders. Liquidation has two types namely voluntary or compulsory. Voluntary liquidation is initiated by the owners and stockholders while compulsory validation is processed by any legal authority like the law courts.

The Process of Business Liquidation
It is very important that you take advice from a liquidator, an attorney, an appraiser, or can be an accountant in order for you to have a worry free business liquidation process. The said professionals will help you easily accomplish the process. You must have a meeting to prepare for an appropriate business plan with the head management, stockholders, capital investors, and other significant members of the company. You should also work with the liquidator and the accountant in obtaining all the existing assets and ask to generate the needed records and reports from the accountant. Then consult now with the appraiser which will assist you to determine an appropriate value for your properties.

If there’s a situation that there are any legal formalities involved, take an advice from the attorney. Make a listing of all the company debts and liabilities and the creditors to be paid off. Keep a record of the available finances of your sold assets. Then next thing to do is to converse with the liquidator and contact the creditors in an orderly manner and pay off your debts. If there is a remaining fund, it will be distributed by the liquidator to the owners and stockholders. The business can now be dissolved at this very moment.

This is how to carry out a liquidation process. Seek help from a liquidation company who concentrates on such issues if ever you don’t want to hire professionals like liquidators, attorneys, and accountants.

What is Repossession and why should it cause you to worry? Repossession is a legal process that happens when a lender gets a court order to take your property (possession) because you were not able to pay your mortgage. You will receive a letter reminding you that you have missed payments and that you are asked to get in touch with your lender so that you can discuss the situation and how you will be able to catch up on your arrears.

If in case you do not respond to the initial request or if they are not satisfied with your proposals they will write to you again. This second letter will advise you to clear your debts, make contact with them or else their solicitors will be the one to get in touch with you. The next step that your lenders will take is to go to court to file for a possession order so that they can take over your property.

Repossession does not happen in an instant. The best thing for you to do is to stop the process or else the worst case scenario would cause you to be homeless and your credit rating will be greatly affected so in effect you will not be able to buy your new home ever again or finance a car loan. The good news is that there is still hope in a seemingly hopeless case.

Your options in removing repossession from your credit report:
•    Work directly with your creditors to negotiate the removal or amendment of repossession. Your creditors will report it as “paid in full” upon receiving payment or partial payment of any money due.
•    Write a dispute letter. If in case your repossession was inaccurately reported in your credit reports then you can dispute this directly with the credit bureaus. If your creditor fails to verify this then it can be removed in your credit report.

May this teach you a valuable lesson to learn from your mistakes to avoid in making it happen again. You can avoid financial hardships such as this if you live within your means. Apply for only those loans that you can afford to pay. Exert an effort to clean up your debt so that life can be easier from now on. To stay financially stable make a budget and stick to it.

Once you have your credit repaired you can start anew financially. If you are unsure that you do not have the ability to make the payments then learn to wait until such time that you can pay in cash by saving. The next time you apply for credit be careful when and where to use this.