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.
- Charges 20 percent of total enrolled debt
- Only $5,000 debt needed to qualify for services
- Several accreditations
CuraDebt offers competitive pricing, charging only 20 percent of a client’s debt for their settlement services. This 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 situations since 1996. The company holds certificates with major industry accreditations, including the AFCC, IAPDA, and FTC.
Easy to Qualify
CuraDebt only requires $5,000 or more in unsecured debt to qualify for their services. This is a lower minimum debt requirement than many competitors and allows more people to use their services.
- Lack of transparency
- Only available in 36 states
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 36 states. The states they do not operate in are: Colorado, Connecticut, Georgia, Idaho, Illinois, Kansas, North Dakota, New Hampshire, South Carolina, Vermont, Washington, Wisconsin, and West Virginia.