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How to Maintain a Good Credit Score with Credit Repair and Debt Consolidation

debt relief, credit repair, debt consolidation

Beginners Guide to Credit Repair and Debt Consolidation

The best kept get out of debt secrets

Having and maintaining a great credit score and low debt is paramount in todays credit crazy culture.

In todays economy you need to purchase many items with a credit card like airline tickets, online purchases etc. so good credit is essential to your financial health.

If you have bad credit or poor credit then you will need to find ways imporove your credit report now.

This can easily be done with credit help counseling, or credit repair services that will review credit repair techniques and debt consolidation strategies that work for you.

When do I Need Credit Repair Advice?

In the current world that is witnessing skyrocketing prices of goods,

huge level of inflation and increasing debts and taxes,

it is time for you to sit down and ponder about clearing off your credit card debts and other loans you’ve taken,

before your creditors come down upon you and make you go completely bankrupt.

Tyler Gregory  stated that “If you don’t take good care of your credit, then your credit won’t take good care you.”

This statement is very valid in today’s scenario where people fret and worry more about a low credit score and dwindling bank balance than anything else.

It is highly important that you stay aware and updated about mind boggling, yet essential…

…terms that will haunt you for days to come.

Also acquaint yourselve with ways to resolve them, in case you fall into such situations.

You must have heard the term called “credit repair” many a times over casual chats with your friends.

If you’ve ever had a poor credit score (below 601), you should probably sit upright and read through this entirely.

Here is a step by step credit repair and debt consolidation strategies presented to you in the simplist and most easily understandable way.

Here is the Deal:

Understanding Credit Repair and Debt Consolidation

crdit report, credit repair specialistLet’s first try to understand the term credit repair. In the most technical terminologies,

credit repair basically involves fixing a bad credit in any form and shape, disputing errors on credit reports.

In order to deal with dispute process you can approach the credit bureaus and complete the process for no fee by yourselves.

You would be required to file a formal dispute with the credit bureaus either online or through mail.

This formal dispute presents a detailed explanation of the error, which needs to be supported with the required documents along with it.

In case you are unable to resolve the issue, you can seek a credit repair specialist or get  help from a credit repair company that offers a credit repair program that will dispute errors on your behalf.

But before venturing into hiring process (if you plan to submit your case to such organizations) let’s quickly understand the basics of Credit Repair Organizations Act.

Credit Repair Organizations Act, a federal law that came into effect on April 1, 1997,

when large number of consumers suffered from credit repair scams ensures that credit repair service providers are…

…Prevented from taking money from the consumers until their services are fully catered to
Providing a written contract stating all the services they provide,

along with the terms and conditions for the payment.

As per the law, consumers can withdraw from the contract within three days.

Prohibited from making false claims with respect to the services that they intend to offer to the consumers.

Forbidden from asking the consumers to sign any document that leads to forfeiting of their rights under this Act.

You Might be Wondering:

Best Methods to Fix Credit Repair on Your Own

It is impossible for you to fix your credit quickly.credit consolidation loan, credit repair

Repairing you credit is going to take some time. So be patient.

Information about your delinquencies and late payments are reflected on the credit report and will remain as such for many years..

However, here are a few steps that you need to follow to deal with your credit repair loan so that you build a positive credit history which will eventually improve your credit scores as well.

1. Keep a Check on Your Credit Report

You need to thoroughly check your credit report for getting a good grasp of your credit picture and what the creditors get to see in that.

You can always file a dispute, in case you find any incorrect information in the report.

For example, the items on your credit report that seem unrecognizable to you, can also mean presence of some fraudulent activity.

You need to have a clear understanding of fraudulent items vs. incorrect items given in the credit report.

2. Keep Track of Your Payment History

It is important to have a good payment history to show off as delayed or missed payments lead to lower credit scores, public records and collections may cause more damage.

This negative information stays on  your credit report for 7-10 years.

Be aware that the more recent your missed payments are and the larger your credit debt is,

the lower your credit score will be.

A well maintained account and timely payment will boost your credit score higher.

3. Be Aware of Your Credit Utilization Rate

A credit utilization rate is the amount of outstanding balance compared the available amount of credit that can be accessed;

it is also called the “balance-to-limit ratio”.

That is, it is the total sum of all the revolving debt divided by total credit available (for that particular credit card, for example).

If the credit utilization rate remains high, your credit scores are sure to be impacted.

Ideal credit utilization rate is assumed to be below 30%.

In order to reduce the credit utilization rate either pay off all account balances to reduce the overall debt,

or increase your credit limit on the existing account or open a fresh account
in order to increase the total available credit.

But the second option surely is a risky one.

4. Manage Your Credit Accounts

credit card debt, business debtCredit scores take into account each and every account you own and the amount you against each of them.

It is a good idea to pay off the debt against some of the accounts, in case you own more than one credit card.

Also, the more paid-off accounts or debt cleared accounts can be a plus in the overall credit mix as they are old accounts maintained in good standing.

5. Consider Your Credit History

It is a wise move to give a thought about your credit history before you close an account.

Credit scoring models often seek the age of an individual’s oldest account along with the average age of all other accounts,

in order to reward individuals with long credit history.

It is considered beneficial to retain an account whose debts have been cleared off.

6. Stay Wary of New Credit

A good credit repair tip to consider is to think extensively before opening several credit accounts in a short span of time.

This can be a risky procedure for the lenders and might later affect your credit scores.

Whatever inquiries you make, whether for buying a car or for mortgage rates, they will be grouped and considered a single inquiry for adding information to the credit report.

The inquiries into your credit report will negatively impact your credit score so be aware of this when applying for more credit or loans.

If  you feel that your credit debts are getting out of control or too large to handle on your own…

…then you should seriously consider seeking a professional credit repair expert for advice.

You can get a free credit repair consultation from CuraDebt, one of America’s top credit repair and debt consolidation companies.

Now:

How Do Credit Repair Firms Help You

An established and experienced firm scrutinize credit reports from all the major credit reporting agencies and puts your credit issues on the table for you to understand.

This is because each credit reporting agency may have its own lenders, debt collectors,

…and credit card companies who will collect all the credit information and report the same to such agencies.

Chances of errors in any of these reports are high and it is important for the companies providing credit repair help to have a thorough information about the same.

In case errors or discrepancies are identified in your report, necessary documents have to be provided by the consumer to the credit repair company…

…in order to rectify those errors and generate an appropriate report for you.

How Can You Identify the Best Credit Repair Firm

As the market is strewn with credit repair service providing firms,tax debt counseling, debt settlement plan

it surely would be tough task to identify the right one to deal with your kind of problems.

Here are a few tips to consider, before you finalize a firm to do your job.

The company is aware of your rights and also helps you understand them.

Find a firm that genuinely explains you the consumer credit rights and answer all your questions.

If the firm is unable to do it, it’s a red flag that you should keep looking for a more knowledgeble firm.

The firm should understand the reason why a consumer wants to dispute an item on the report presented by the data furnishers and credit bureaus before they start offering solutions or sign a contract with them.

The company is able to explain how they can best represent a consumer to the credit bureaus.

A good credit repair company is the one that gives an accurate information about all the services they can and can’t provide before the consumer hires them.

So in case you are wondering as to how long the credit repair firms take to deal with your case and how much will they be charging you, here is what you need to know.

In order to remove negative and erroneous information off your report, the credit bureaus take a total of 30 days or less (exceptional cases may extend to 45 days) to respond and resolve a dispute.

The price of credit repair services offered by a firm depends upon the company, the state you reside, and the type of services you are seeking from them.

It is important that the consumer is aware of what type of services he requires and signs up for  with the firm.

Another term that you need to understand when it comes to keeping your finances on check and debts at bay, is debt consolidation.

This procedure may sometimes be a boon in disguise as it will help you pay off most off your debts and relieve you off the constant stress and worry from them.

Let’s take a look into this method a little more in detail and understand how it is going to help us.

Debt Consolidation and the Methods Involved

Debt consolidation is the method wherein you take out a new loan so that you can pay off a number of unsecured debts – liabilities and consumer debts.

That is, you are attempting to combine multiple debts into a single, large piece of debt which can have better pay-off terms like low rates of interest, low monthly payment, etc.

This method is a common one when it comes to clearing off student loans and credit card debts.

A consumer can utilize numerous ways to combine all his debts into a single large chunk.

One possible method is to merge all credit card payments onto a new account, in case the credit charges very low or no interest at all for a particular time period.

Another option can be opting for balance transfer feature of a credit card.

Other forms of consumer debt consolidation methods can be going for home equity loans –

which is essentially a mortgage of your home until you pay your debts – as the rate of interests on the loan is deductible.

Major Advantages of Debt Consolidation

debt management, debt consolidation loanFor people who have numerous debts, or owe close to $10,000 and above,

as debts are contacted frequently by the collection agencies,

owe accounts that charge high income rates and monthly payments,

are not able to negotiate lower rates of interests on loans and are having a tough time making payments for their debts, a debt consolidation strategy is an absolute necessity…

… as this plan will help you pay off your debts and never be troubled by the collection agencies.

But here is the kicker:

if your debt consolidation loan is backed up with an asset,

you can also qualify for a tax deduction as Internal Revenue System does not allow a consumer to deduct interest on any debt consolidation loans that is not secured with an asset.

In the case of the use of home equity, debt consolidation loans are tax deductible and thus such loans can help you improve your credit score.

Types of Debt Consolidation You Can Go for

Home Equity Loan

This is one of the most affordable and safe methods of consolidation as you have a choice of selling the house in case you are unable to pay your debts on time.

This method will, help you pay your debts and free you from them, making life easier and stress free.

You will be required to pay just one monthly payment, which will be way less than the total previous outstanding debts that you were paying.

Also, your lender can opt to pay other debts from the funds from home equity loan and ease you off some strain.

The major advantage of this loan is its tax deductible feature, thus proving to be the most essential form of debt consolidation plan.

Credit Cards Offering Low Rates of Interest

Now in case you do not wish to opt for home equity loans, as you don’t own a home, you can always opt for credit cards that offer very low or zero rate of interest.

Although there are high chances of getting signed up to a  fraudulent credit card company that lure you into signing up with them…

…the best way to keep a check on them is to look out for such credit card companies that focus on the consumer’s’ credit score or sound credit.

You also have to focus on the terms and conditions put across to you by the company, before you give your final word.

Take these precautionary steps before agreeing to  them:

Read their agreement thoroughly.

credit loan application, credit repairTake a note of the rate of interest that you will be required to pay after you sign with the company.

Always make your payments on time.

Even if you are late on one payment, the company can jack up their interest rates on you.

Have a keen eye for hidden charges and fees that may be present and can make the seemingly low interest look high.

Personal Debt Consolidation Loan

This method is a way to combine  all your bills into one and pay them all off with a sigh of relief.

Personal debt consolidation loans generally bundle all the existing and current debts and gives you a lump sum for paying off your combined cards or debt with single lower interest rate bill.

Although this seems a good alternative, consider the following before you jump onto it:

Be aware of the terms and conditions of the consolidation loan you are planning to procure and ensure that it doesn’t burden you by adding onto the amount that you are currently paying.

As you have no asset to secure the loan, the lender will surely hike up the interest that they will charge you.

Poor credit leads to high rate of interest and the possibility of the getting your loan turned down by the lender.

So be prepared for the same.

Applying for loans at banks and credit unions is a much better option they offer better rates of interests to the members and thus save you from higher rates.

It is best to do a survey of rate of interests and their terms before settling down for any firm.

What’s the Bottom Line?

It is always best to maintain a good credit score and pay your debts on time.curadebt credit consulting

If you fall prey to mounting debts, you can choose appropriate credit repair and debt consolidation methods to free yourself from the clutches of debts.

This is not an area where you want to do it your self.

There are some areas of expertice that just requires calling in a top professional to help you out, and this is one of them.

(For me it is plumbing!)

One of the top debt consolidation and credit repair companies operating today is CuraDebt.

CuraDebt has received numerous awards and are always ranked at the top for customer satisfaction.

Just click this link NOW for your FREE Credit Consultation.

debt relief, credit counseling, credit consultant

 

www.us-debt-free.com

 

Disclosure: We are a professional review site that receives compensation from the companies whose products we review. We review each product or service thoroughly and give high marks to only the very best companies. We are independently owned and the opinions expressed here are our own.

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Why CuraDebt – Is Your Perfect Solution For Credit Repair and Debt Consolidation

credit repair, debt consolidation

Why CuraDebt is the Best Company for Credit Repair and Debt Consolidation?

How CuraDebt can help you repair your credit and pay down your debts

Do you find yourself falling further and further behind with your credit card payments or state and Federal IRS taxes?

Many people find themselves in the same situation of too much credit card debt or having a state or Federal IRS tax lien filed against them.

In this tough business environment it is easy for an individual to fall prey to credit card debts, or debts in business, and fall further behind in their payments…

…or in the most unfortunate case, an IRS tax lien against their business.

Without professional aid,

one is sure to end up in a perpetual struggle to eliminate them.

There are many companies offering to help you with your credit card and business debt.

but it is critical for you to identify the right company that will work for you.

You require help from professionals with proven experience in dealing with these cases,

especially when you deal with a Federal tax lien.

Not to worry, as getting some really good professional help is not a very expensive affair today,

provided you do not get enticed by a lower rate company, only to end up paying more.

You need to be cautious while you are choosing a debt consolidation and credit repair company to resolve your debt and credit challenges.

Consider starting out with a free counselling session with a credit repair and debt consolidation service provider…

…for you to understand the strategies and ways in which you can resolve your issues,

you are strongly recommended to reach out to a CuraDebt professional.

Why CuraDebt is your best debt and credit repair solution

CuraDebt is unmistakably the best in the industry and is known to have been solving credit,

debt and tax problems for individuals and small businesses for more than two decades now (since 1996 to be precise) –

…indeed they have quite a bit of experience in this field.

The company’s tax team is composed of professionals with over a hundred years of experience.

Many of Cura Debt’s professionals have worked for Internal Revenue Service or the IRS. so they know the mind set of the IRS and in many cases may even know the IRS agent they will be dealing with.

They possess more than 83 years of experience either working for IRS or other authorities.

  • CuraDebt is for sure a highly experienced company that can help you save more than what you are currently doing now.

Thus, you can rest assured that the services offered by CuraDebt will not disappoint you.

CuraDebt’s Deal Breaker

A free consultation is always on the cards when you approach any professional in the company to share your story of mounting debts and seek a way out of them.

The CuraDebt team has the ability to come up with brisk solutions to the stated problems that are actually tailor-made for your debt issues and financial goals.

The team is happy to consult with its clients completely free of charge and confidential.

Following are the services that you can expect from CuraDebt:

debt relief, irs tax lien#1. Debt Relief

#2. Debt Settlement Program

#3. Debt Negotiation and Consolidation Program

#4. Tax Debt Relief For IRS as well as State Tax Debts

Here is the Deal:

What Sets Cura Debt Apart from all of the Others

The company has achieved a great deal and carved a niche for itself.

Following are some of its achievements that sets it apart from the competitors.

CuraDebt manages all performance clients in-house.

It is the member of the US Chamber of Commerce, NetCheck and HonestE Online.

It stands as number one in tax debt relief counselling services as rated by consumer reviews.

Has earned more than 700 five-star reviews on CustomerLobby.com and a 4.9 on ShopperApproved.com.

Rated #1 by Top Consumer Reviews constantly from 2009-2017.

The company need not boast of any more awards or accolades,

although it has been proven time and again that it is the top-notch company in its field of work.

Cura Debt has maintained a track record of consistently settling up in the top two slots for eight consecutive years.

You can expect the following from the CuraDebt team while you plan for your counselling session with them:

  • Professional help from a person with sound knowledge and extensive experience.
  • Deeper, better and accurate recommendations for the financial issues you face.
  • Appropriate solutions for dealing with unpaid taxes, business taxes, personal taxes, tax penalties, liens, audits, and complex tax issues.
  • You can also seek assistance for credit cards, personal loans, business cards, IRS debt and back taxes.

Dealing with Unsecured Consumer Credit Card Debts, IRS Back Taxes or Liens

Some of the crucial debts such as your credit card debt,pay debts, credit report, credit counseling

or personal loans  that have been extended unnecessarily,

present a high risk for creditors and a perpetual problem for a borrower.

These are categorized as unsecured debts.

CuraDebt has dealt with several such cases for anyone who had accumulated these debts for numerous reasons…

…and can provide a well-thought out solution(s) to just about any credit, debt or tax issue.

There are quite a number of ways to clear the unsecured debts like debt negotiation,

debt settlement, debt consolidation and debt relief programs.

CuraDebt promises you the best methods to deal with such debts.

The IRS tax lien refers to the government legally claiming your property due to negligence or failure of payment of tax debt.

In such cases, the authorities have every right to put a lien on the property and even freeze a person’s wages until the amount is paid back.

These are the crucial times when a professional assistance can save you from much complications and difficulties.

This is when you need to undoubtedly seek help from CuraDebt for their in house customer service department…

…that can thoroughly explain the details of your issues and find clear cut solutions to your problem

Here are some of the reasons why people fall prey to tax debts:

• Tax return(s) not filed on time
• Mistakes in income tax filing
• Failure to pay Estimated Tax Payments
• Unqualified withdrawals from retirement funds
• Failure of payment of payroll taxes (forms 940 and 941)

Here is the Kicker:

Why Should You Turn to CuraDebt Tax to Solve Your Debt Problems

There are close to 23 qualifications that make CuraDebt the one stop solution to all your tax worries.

Suffice to say that they employ the most qualified and experienced professionals for resolving their client issues.

These are some specific qualifications that sets them apart from other competitors:

#1. Professionals legally comply with IRS and state in order to provide a feasible solution for tax debts.

#2. They have no hidden prices; only a flat fee that they quote.

#3. They are experts in handling any size of tax debts

#4. Focus on 100% free consultation

#5. Most of them are tax attorneys and certified accountants.

#6. They are members of several organizations and have a rock-solid reputation in their field of work.

#7. Get personalized budget plan prepared by the professionals to track your expenditure.

#8. The team helps you waive most of your late charges and fees and reduce your per month payment.

#9.They can help you have a significant portion of the debt forgiven

With all of this going for you, Cura Debt is the one company that is sure to pull you out of your tight and challenging situation and make life less stressful for you.

It Get’s Better:

  Cura Debt offers some really practical solutions to your mounting IRS tax debts and liens.

irs tax lien, debt consolidationWhen there is a doubt regarding what the tax liability is or whether the individual can pay the taxes…

…CuraDebt knows it is best to go for offer in compromise.

They may suggest to you an instalment agreement which helps you pay taxes in small chunks when you have a large debt to settle under your belt.

If you are a first time taxpayer, penalty abatement can be a solution if you can pay the debt in full either one time or as monthly installments.

In case of extreme personal or economic adversity, the company might help you with halting the collection by the IRS.

They suggest you to retrieve money from an asset for paying the current tax debt as part of the tax lien subordination solution

CuraDebt resolves complicated tax debt issues through a three-phase process that they extensively follow…

…while catering to any individual who approaches them with their tax debt issues.

First, the company takes up a thorough investigation of the problem in hand through a financial analysis for identifying current and projected financials that are categorized under IRS.

A complete check of master tax file and tax transcripts are performed in order to provide a detailed solution to the client.

Secondly, all the mistakes in the tax form filed are corrected so as to make it compliant with IRS rules.

At times, after the rectification of the errors, the taxpayer gets a refund in case he overpaid taxes!

These are some areas only trained eyes and experienced minds will venture into.

Third, whatever solution the team comes up with after investigation, it is implemented to resolve the IRS issues and state tax issues.

Potential tax solutions that CuraDebt can come up with to solve your issues include prevention of seizure and levy, tax levy and lien release, income tax preparation and custom tax solutions.

Although CuraDebt promises to provide the best possible solutions to relieve you out of mounting taxes and debts…

…there are certain issues that the company cannot help you with.

If you are a victim of debts from lawsuits, student or government loans, and utility bills, you may not be able to find professional help from this company.

All your mortgage or home loans cannot be dealt with this firm.

The states ND, NH, SC, VT, WA, WI, WV, CO, CT, GA, ID, IL, KS do not have debt settlement services provided by this firm.

So apart from these two major drawbacks of the firm – non availability of services in all 50 states, and no solutions for tax issues concerning lawsuits, utility bills, home loans and mortgages –

it is the best company to deal with all your tax head aches and keep you completely at ease.

Want to know the best part?

CuraDebt’s Debt Management Plan

You need to be very much aware of the debt management plan that the company you seek solutions from…

…provides you in order to aid in clearing off your debts.tax, debt consolidation

This program focuses on merging all the debts into a single account so that the taxpayer makes a single payment, rather than multiple payments in a given month.

At CuraDebt the taxpayer is given a proper counseling and is made to understand the entire program and its benefits before they take up and start paying the fat checks to clear out debts.

It is important that the taxpayer understands why and what amount is he paying each month.

This can be clarified only by experts like CuraDebt who have dealt with many such issues and have helped numerous people out of it.

Thus, you can be easily duped by many firms that advertise themselves to be offering the best creditor-sponsored programs to manage debts and clearing them off…

…but you need to be extremely careful about their trap.

Instead of paying off your debts alone, you might be paying more than that including the fee for the firm.

CuraDebt’s Debt Relief Program

If you are planning to go for a strategic debt relief program to become free from all the debts that you have accumulated in the minimum possible time…

…you surely are going to need professional help.

This requires in depth knowledge about the various techniques through which you can save yourself from falling victim to the minimum payment trap,

and take control of your finances to stay afloat.

This firm offers you a few recommendations for debt relief options in order for you to understand what would be the right one in your case.

With CuraDebt, they help you:

sea of debt, buried in debt• Evaluate whether continuous payment of minimum taxes will help you eliminate your debts

• Evaluate various options to pay off the debts with lump sum amounts, thus relieving you of them.

• Evaluate the odds of filing bankruptcy.

• Evaluate your credit scores and unsecured debts and figure out options to tackle them.

• Evaluate options for secured loan consolidation.

A taxpayer can be found strangled by many debts such as credit card debts, personal loans, home loans and other loans at the same time…

…with the skyrocketing rates of interests attached to them, while attempting to pay them back.

This can lead to complete bankruptcy of the taxpayer,

making him stressed and depressed as he might not know the correct procedures to tackle such issues.

Many taxpayers are unaware of debt management policies and strategies,

they end up paying more interest until most of their hard-earned money and savings have been exhausted.

Credit card debts are the most pervasive of the lot as the rates of interest they charge are humongous.

A gullible individual is an easy prey to the credit card debts and it takes an eternity to swim out of such debts that can ultimately wash away your money.

Personal loans are another such loan that are inescapable if you are not in a state to finance your business or paying for other expenses…

…such as travel and vacations.

You need to maintain an excellent credit score to bring down the interest rates that you need to pay for.

But the question is how aware are you of all the threats that you incur when you opt for such loans?

Most of the taxpayers realize far too late when they are already half trapped in the debts incurred through non payment of bills on time.

It may not be everyone’s cup of tea to tackle all their debt and loan issues on their own.

And it is totally fine to seek professional help in such situations where in you are perturbed and distressed and not in the right state of mind to take care of your debt issues yourself.

That is where CuraDebt comes into play and their services help you sail through your debts and turn debt-free in the minimum possible time period.

What’s the Bottom Line?

CuraDebt covers a large range of debt relief programs more than most of its competitors.

It holds an A+ grade with AFCC and IAPDA.

The company’s website provides you with in depth details before you make a final call on approaching them.

The company does not charge the taxpayer a monthly fee.

In fact, the total fee charged by the company is approximately 20% lower than the original debt.

They have competitive prices and they quote as low as $7500 in debt.

CuraDebt is for sure the top-notch firm for all your debt and loan related issues as they are  passionate about helping their clients in the maximum possible way…

…they are also aware of your financial difficulties and the stressful buden of too much debt.

The have clear cut solutions for any type of problems as their team has a sound knowledge and definitive experience in the services they choose to offer.

Their services are great and their client dealing processes are very transparent.

The taxpayer is not charged an extra penny up front.

Therefore, undoubtedly CuraDebt can be your one stop solution for any type of credit debts,

loans and other financial issues that you may be facing.

Give them a chance to serve you and you are sure to get the best aid possible.

The raving reviews from all the satisfied customers talk volumes about their business and services and also how they deal with the problems of taxpayers.

You are sure to return satisfied and with a wide smile as you let them take care of your financial issues.

So when you are thinking about retiring your debts and becoming debt free remember these words from Ogden Nash,:

“Some debts are fun when you are acquiring them, but none are fun when you set about retiring them”.

debt free, irs tax debt, credit card debt

 

www.us-debt-free.com

 

Disclosure: We are a professional review site that receives compensation from the companies whose products we review. We review each product or service thoroughly and give high marks to only the very best companies. We are independently owned and the opinions expressed here are our own.

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What to Look For in a Great Debt Relief Company

A Quick Guide to Finding the Best Company for Debt Relief Services

Easy Tips for Deciding Which Debt Relief Company or Credit Repair Services are Right For You

In this day of instant gratification, having a credit card for impulse purchases is everything.

Credit cards , like opioids are pushed on the public who re-joyce in their new found financial freedom.

The dirty little secret of the credit card industry is that a certain percentage of the population

will over spend, or spend up to their spendable cash level.

The banks know this and can’t wait for the naive public to Spend, Spend, Spend on their credit cards until they are up to their ears in credit card debt.

Now with so much accumulated credit card debt to pay back the consumer can only afford to pay back the minimum monthly payment towards the debt.tax debt counseling, debt settlement plan

Now the banks have you.

Welcome to the downward spiral of credit card debt.

You have fallen into their “minimum monthly payment trap”.

As long as you can only afford to make the minimum monthly payments…

..the bank’s know that you could feasibly be paying on that card for the rest of your life.

The original amount the you spent on your card,

now over time with the minimum monthly payments can balloon up to many times the amount you borrowed.

When you only pay the minimum monthly amount, each month,

you are basically just paying off the interest with a small portion going towards the principal.

Welcome to the Credit Card Trap my friend.

The only way to get out of the downward spiral of the credit card trap is to pay as much as possible above and beyond the minimum of your requested monthly payment.

The best solution is to have the discipline to not over spend in the first place…

…and pay off the total amount used each and every month.

This is Crazy:

One of the major credit card companies, just in 2016 profited nearly  dollars

( yes 6 billion) just in the interest (never mind all of the fees) from trapped consumers.

It’s not a bad racket for the banks, but terrible for the consumers.

Want to know the best part?

If you find yourself caught up in this “minimum credit card payment trap”,

there are legal debt relief solutions from reputable professional companies,

willing to help you get out of the mess you made.

These professional debt relief companies will help you resolve your debts for an agreed on amount based on what your budget will allow you to afford.

They will help get you back on track to financial prosperity with your life.

The small fee they charge for their services is minimal compared to the piece of mind you will have knowing that your debt issues have been resolved,

and you can get on with your life.

You Might be Wondering:

How would I know beforehand if a debt relief company is any good or not?

Since I don’t know what I don’t know, and I know even less about debt relief companies.

I don’t even know what to look for in a top professioanl credit repair or debt relief company.

In choosing a debt relief company, you naturally want to get the best help you can find,

so we have come up with 10 items that are critical for you to know about.

Just like getting second opinions from a doctor before surgery,

you want to know about your best options…

…when choosing the best company with the highest overall sucess ratings.

When it comes to debt relief you want to be right the first time around and not have to go back for a do-over.

So Let’s Examine the 10 Critical  Debt Relief Criteria’s

All of these criteria are important but some are Very Important.tax planning, credit repair counselor

Those criteria that are very important we will note for you.

#1. Is your companies program concerned about saving You the consumer as much as possible,

by reducing the balances on your cards. This is a Very Important point to consider.

A great debt relief company should provide you with several “Options” when considering eliminating your debt.

Such options might be a “hardship program” with interest rate reductions, general interest rates reductions,  or a credit counseling program.

Unfortunately many times these programs just don’t work.

A better solution would be a program to negotiate on your balenaces owed.

An agreed to amount is worked out between the debtor and the creditor based on your current available funds.

This way the debt you owe gets resolved as quickly as possible with the funds that you have available.

#2. How many 5-star ratings do they have with Shopper Approved. Very important.

One of the 3rd party rating organizations is “Customer Lobby”.

They have an excellent record and unbiased review process.

Find out how many 5 star reviews a company has with “Shopper Approved”.

The top debt relief companies will have as many as 95 five star reviews.

#3. Does there in-house program offer fees of less than 20%?

Price is an important factor in determinign any product or service,

but especially important when choosing your partner in debt reduction.

Typically the best companies, on a flat fee basis charge a fee of 20% or less.

If you calculate out your fee and it is more than the 20% threshold then you might be paying too much.debt releif, IRS tax relief

#4. How many years of experience does your company have? Very Important

The more years in business means the more experience a company will have,

in dealing with the different laws of each state,

credit unions, and lending institutions that operate differently in each state.

#5. Does your company charge you a monthly fee for their in-house program?

Who ever you choose to work with should not charge you any fees associated with their in-house programs.

#6. Does your Debt Relief company also offer Credit Restoration after a Successful Completion of your debt relief program? Very Important

In the beginning of your debt relief program the main focus should be on just getting your debts resolved in as short as time possible.

Once those issues are resolved your debt relief company should turn their attention to improving your credit score,

by challenging any credit inaccuracies that you may have acquired throughout the process of your debt relief program.

With the goal of getting your credit report as accurate as possible when you complete the program.

#7. Does the Company Offer Multiple Solutions?

debt solutions, credit reliefThere are a couple of ways to resolve your debt problems.

Your company should inform you of both options to decide witch one will work best for you.

When you are in a debt settlement program you may also want to consider a consumer credit counseling program as well.

The most important thing is to have a qualified debt settlement professional,

advise you on what would be your very best solution that fits your needs.

#8. Is your company in good standing with the (OBB), Online Business Bureau?

Very Important

The Online Business Bureau is one of the most respected, reputable rating services.

When choosing a company to work with ask them if they are members and  in

“Good Standing” with the Online Business Bureau.

To go to the Online Business Bureau’s website click this link – http://www.onlinebusinessbureau.com.

#9. How many other great reviews did  your company Receive?

As mentioned in #2, the top rated companies will have an abundance of reviews from the very best review company.

Here is a listing of what a top company should look like with their reviews.

  • Over 700 Five Star reviews from Customer Lobby,
  • Member of Net Check and has received NO COMPLAINTS. Net Check is another great fair rating organization that hs been around since 1995. When looking at the Net Check review site you want to see that the company you are researching has ” No unresloved consumer complaints.” You also want to check that your compant is a member of the Netcheck Commerce Bureau.
  • Is your company a member in good standing with the American Fair Credit Council and is a member of the council?
  • Are they rated #1 for Tax Relief Counseling  by Top Consumer Review? They should also be highly rated for tax work as well.
  • Do they offer as proof a portfolio of ‘Settlement Letters” from satisfied customers? Check the dates on the settlement letters to see how far back they go. If they have been in business for awhile then they should have letters from satisfied customers going beck to the beginning of the company.
  • Are they a Member of the US Chamber of Commerce?
  • Does the company provide access to a number of local tax and debt attorneys for any help in debt resolution at no additional cost to the customer?

#10. Does the company also offer state and IRS counseling or debt relief as part of their services?

Ideally your want to choose a company that offers both credit repair, debt settlement programs and state or IRS tax relief programs.

Sometimes a client may have both unsecured debt to be negeoiated as well as tax debt.

If that is the situation that you find yourself in them let your debt settlement counselor determine which should be settled first.

Usually you want to settle with the state or IRS first but that may not be the case in your situation.

Everybody is unique and brings to the table a unique set of problems.

That is why it is so important to have a professional debt counselor figure it all out for you and untangle the web of debt.

 

What’s the Bottom Line:

Although there are many debt relief and credit repair companies in business, throughout the United States…

…there are very few that can say they meet the high standards set forth above.

The one company that does stand above all of the others in customer satisfaction, online review, positive 5 star ratings, etc is Cura Debt.

Cura Debt is always ranked in the top #1 or #2 category for whatever the review is.

Cura Debt has a long history ( 16 years)  in the debt relief industry and is a leader in the industry.

Cura Debt operates in 37 states nationwide.

These are the state that Cura Debt does not operate in: Colo., Conn., Ga., Idaho, Illinois, Kansas, No. Dakota, New Hampshire, So. Carolina, Vermont, Washington, Wisconsin and West Virgina.

These are the states that Cura Debt does have debt settlement programs =

Cura Debt offers both Debt Relief settlement programs and Credit Repair Counseling.

Cura Debt’s fees average less than the 20%  for the  in-house debt resolution program.

Cura Debt also provides a free consultation for anyone to call to get the answers they need to solve their credit and debt problems with No Obligation.

In Summary: If the debt relief company you are currently considering to help you solve your debt or tax issues does not measure up to these highest of industry standards,

then you should reconsider your choice and seriously consider Cura Debt as your go to debt relief company.

With their proven track record, years of experience, hundreds of testimonial settlement letters, top ratings from industry watchdogs, Cura Debt is the solution you have been looking for.

Whichever debt settlement company that you decide to go with I wish you all the best in getting your personal finances squared away, and getting yourself back on the road to prosperity.

Before we go I would like to leave you with this quote from the comedian Arthur Godfey:

“I’m proud to pay taxes in the United States; the only thing is I could be just as proud for half the money.”

Remember that if your debt issues happen to be back state or IRS taxes please pay them gladly and with a grateful heart.

The taxes that everyone pays go toward the things that make America the greatest country on the planet!

debt relief, tax debt startegies

 

Click Here for a FREE Debt Consultation

 

Disclosure: We are a professional review site that receives compensation from the companies whose products we review. We review each product or service thoroughly and give high marks to only the very best companies. We are independently owned and the opinions expressed here are our own.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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IRS “Offers in Compromise” Agreement

 

debt killing dreams, IRS debt relief

What is an IRS “Offer in Compromise” Agreement?

 

With the IRS “Offer in Compromise” Plan if you have an IRS tax debt that you need to settle you may be able to settle it for LESS than the full amount!

WOW – How is that so you ask.

 

If you have an outstanding IRS tax debt you might consider an IRS tool called the “Offer in Compromise”.

The IRS naturally wants to / has to collect something from you Mr., Mrs taxpayer.

If the IRS questions that they think you would not be able to pay your tax bill in full then they go to plan B…

that is to get what ever they can out of you determined by how much you owe.

Your true ability to pay and how much time they have to collect on the tax bill.

The OIC “Fresh Start Program” has been expanded and streamlined by the IRS. 

The taxpayer has now been allowed more flexibility when the IRS analyzers the taxpayers ability to pay.

This makes the “Offers in Compromise”, Fresh Start program available to a larger group of taxpayers.

If the taxpayer can convince the IRS that the amount they are able to pay represents the most they would be able to pay within a reasonable period of time then generally, the IRS would accept the offer.

If the IRS believes the taxpayer can pay the full amount owed either through a payment agreement or as a lump sum then the IRS will not accept an offer in compromise.

Several factors are considered in the decision making when the IRS reviews the taxpayers ability to pay including the taxpayers income and their assets.

If you would like to see if you qualify for an “Offer in Compromise” settlement go to the IRS.gov website and use their Pre-Qualifier tool to determine your eligibility.

Click Here for a FREE Debt Consultation

 

Disclosure: We are a professional review site that receives compensation from the companies whose products we review. We review each product or service thoroughly and give high marks to only the very best companies. We are independently owned and the opinions expressed here are our own.

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