Curadebt is very different from most companies that operate in the debt consultation industry.
The main reason why this is so is because the main service that they recommend to people is not consolidation, but debt relief. The second is that they are rightly proud of their excellent reputation and the way in which they do business in the marketplace. An indication of this is the A+ rating that they have from the Better Business Bureau. It’s the highest rating that there is, most companies in the industry fall far short of that.
Many people are unsure of the reason why you should choose one instead of another. there are however, good reasons why you would go for debt relief over consolidation.
When Curadebt starts to act on behalf of one of their clients they approach the creditors (the companies and organizations that are owed money) to and explain the situation their clients are in. They then negotiate discounts in the total amount of debt that is owed.
Their negotiation team is first class and this allows them to get large discounts for their clients. We have seen some people achieve discounts of more than 80% from what they previously owed. Curadebt also goes on to provide advice and support as the repayment process continues.
When you enter into debt consolidation, things are quite different. There are no reductions in the levels of debt and in fact those levels can increase, because there are large consolidation fees to add to on top. There is a fee due to Curadebt for Debt relief, but that is always based on the amount they save you.
Also, your payments come from a third party, in this case the consolidation company and this can have a bad effect on credit ratings. The other big problem is that is qualify for a loan you need to have security, most people in these levels of debt simply don’t have that and therefore cannot qualify.
Curadebt offer a free consultation where they explain the whole process.