subject: Why Use Curadebt For Debt Consolidation Or Debt Relief? [print this page] CuraDebt is very different from most companies that operate in the debt consultation industry.
The first reason is that they are primarily a debt relief company rather than a debt consolidation one. The second is that they are very highly regarded as an organization for the quality of their work. They hold an A+ rating from the better business bureau, which is the highest available. Unfortunately many companies that work in the debt industry are far less reputable
Debt Relief has many advantages over debt consolidation, however many people have either never heard of it, or are unsure exactly what it is.
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.
These discounts can be as much as 80% off the level that was owed. They also support their clients throughout the whole process by offering financial management advice and dealing with all the companies that are chasing them, leaving people to be free and get back to their lives instead of worrying about debt all the time.
Consolidation doesn't offer discounts and so the debt takes much longer to be paid off, also there are heavy fees on top of the loan, so someone taking out a loan actually goes deeper into debt. Any fee to curadebt is only ever a percentage of what they can 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.
by: Mr. James Mcguire
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