CuraDebt is a financial services company that is dedicated to helping both individuals and businesses to negotiate and settle debts in excess of $10,000. Debt that qualifies for negotiation and settlement includes credit cards, personal loans and medical bills.

The company was created in 1996. It is based in San Diego, California where it is a member in good standing of the San Diego Channel Chamber of Commerce, the San Diego Better Business Bureau and TASC (The Association of Debt Settlement Companies).

CuraDebt to date has helped thousands of individuals and businesses across the country to become debt-free without having to file for bankruptcy. In an industry where there are a high number of complaints, CuraDebt maintains an excellent reputation for remarkably high customer satisfaction.

How Debt Settlement Works

For each new client that enrolls in the debt relief program they are immediately assigned an experienced financial counselor to work with them one-on-one devising a customized plan that is specifically suited to their current financial situation.

Clients also have full access to a team of experienced professionals that includes lawyers, credit arbitration experts, financial advisors, lenders and even psychologists. All the bases are covered and nothing is left to chance.

Once enrolled in the program clients will no longer be hassled by creditors or collection agencies. And because of pre-existing solid relationships with creditors, law firms and collection agencies, CuraDebt is able to negotiate very favorable lump sum settlements or payment plans for their clients.

Is Debt Negotiation Right for You

Unlike credit counseling and debt consolidation, where interest rates are reduced but the principle is not, debt settlement offers consumers and businesses an opportunity to become debt-free in a quicker timeframe and for considerably less money.

There are debt settlement letters and testimonials available on the CuraDebt website where clients have reduced their debts anywhere from 50% to 89%. All situations are different and must be treated as such so there is no way to know how much a clients debt can be reduced until the process begins.

To learn more we encourage you to complete a simple form located through the link on this site and an experienced debt reduction counselor will contact you to offer you a free, no obligation debt reduction analysis. The form simply calls for your name, email address, phone number, debt amount and the best time to speak. It takes all of 30 seconds to complete.

Click Here to Fill Out the Form for a FREE Consultation

It is the first step to building a stronger financial future and can bring credit relief to those that find themselves facing mounting debt. Consolidating credit card debt has many advantages, as does debt settlement . We offer the following tips and information to you as a guide for successfully becoming debt free.

Debt Consolidation

As stated before, consolidating credit card debt can be a wise move for beleaguered cardholders for several reasons. First off, getting lower interest rates is obviously going to mean that you’ll save more money on your monthly bills.

You should write down the interest rates that you are charged for each and every one of your credit cards. Then you should record the interest rate that is offered to you through credit card debt consolidation.

If you find that there are cards that you already have with lower interest rates than what is being offered through the debt consolidation services then you should not include them. For obvious reasons we only want to include credit cards that we can get better interest rates on.

Another advantage to consolidating credit card debt is that it makes it much simpler to deal with one bill as opposed to many. Sometimes, despite our best intentions, one of our bills can slip through the cracks and go unpaid. When that happens the bank or credit card issuer will almost certainly raise the interest rate charged for that card.

The end goal of course, is to be paying less money to the credit card companies. You will also want to look into various scenarios using a credit card insurance payment calculator to see how much you can afford to pay in order to get out of debt altogether.

There are many credit card debt consolidation services and programs available. Simply go on the Internet and do a search for terms such as consolidating credit card debt, credit card debt consolidation programs, or simply credit card consolidation and you will find that there are literally dozens of companies available.

The beautiful thing about the Internet is that it allows us to compare the services to come up with the best deals. It also gives us the opportunity to research the various credit card debt consolidation programs to make sure that they are legitimate and has no customer complaints against them. The Better Business Bureau is also an excellent resource that can be utilized.

It is unfortunate but it must be stated that there are some unscrupulous debt consolidators out there as well so I urge you to please be very careful when screening these companies. Ask plenty of questions and if they hesitate to answer them or give you vague answers that you’re not satisfied with then move on to the next company.

Working with professionals to help you consolidate credit card debt can pay off in a big way. It is a very important decision to make so be sure that you do your homework before you choose a specific company or service to work with. Your financial future is extremely important and should be dealt with using the greatest of care.

Debt Negotiation and Debt Settlement

Another viable option that many have turned to is debt settlement. Unlike debt consolidation, debt settlement is when you negotiate with your creditors to pay a reduced portion of what you owe. Note the difference between debt consolidation and debt settlement.

With debt consolidation you are still paying the entire amount but with reduced interest rates. With debt settlement, also commonly referred to as debt negotiation, the total amount owed to creditors is reduced. You are negotiating with your creditors to settle your debt for substantially less than what you owe. The remaining portion of your debt is then forgiven.

If you currently find yourself in debt from credit cards, personal loans or medical bills in excess of $10,000 then perhaps you should learn more about how debt settlement may benefit you.

A quality consumer credit counseling service will work with the individual and their creditors to find a payment plan that is workable for all parties concerned.

Creditors will accept debt negotiation for several reasons. The first reason is getting something is better than getting nothing. Debt negotiation is better than forcing a debtor into bankruptcy.

The creditor will receive nothing if the bankruptcy is allowed. By negotiating the debt, the creditor will receive a percentage of what is owed. They also will not have to expend more effort and money on trying to collect the debt.

A second reason for creditors accepting debt negotiations is the creditor has already figured it in as a cost of doing business. As an example, the credit card companies know that a certain percentage of money owed to them will be written off.

The offset for these write-offs is charging a higher interest rate to many customers. Credit card companies earn billions of dollars a year in profit. They have accounted for negotiated debt reduction in their business plan.

A third reason, using the credit card companies as an example, the higher interest rates to cover write-offs, allows for more profit from those paying debtors.

Other businesses negotiate debts for basically the first reason. Getting a debt settled is a means to get some money out of the debtor. Clearing the books of bad or under performing debts keeps the business clean and is less costly in the long run.

Creditors will accept debt negotiation or reduction when confronted with the reality of take this offer or get nothing.  The alternative is the debtor files for bankruptcy; it is allowed and the creditor receives nothing. This is a huge incentive to negotiate.

As we have stated earlier, creditors are more willing to work with you then you may have previously thought. They have absolutely nothing to gain by people declaring bankruptcy.

Seeking credit counselling used to be taboo but that really isn’t the case anymore. Please do not be embarrassed to ask for financial assistance. It will be the first step to achieving freedom and peace of mind.

Prior to the 1970s, when banks started handing out credit cards, unsolicited, like candy, the average household had very little debt. Besides a mortgage and possibly a car loan, most families lived within their means. This meant saving up for luxuries. Retail department stores offered what were then called ‘charge cards’ to encourage consumer spending.

However, most people looked askance at having this charge card build up to an unmanageable level. They charged a pair of shoes or a coat, then paid it off at the end of the month. Otherwise, interest was incurred, an unpopular concept back then. Oh, baby, how times have changed!

Today, the average family carries about $9,000 of debt on credit cards alone. The mortgage and car payments not included! Somewhere, way back in time, I recall that there was a law that stipulated the maximum usury rate to be 18%. I don’t recall how or when that law was superseded, but the banks managed somewhere along the line. Besides the APR, you have late fees and ‘courtesy overdraft’ fees that make the APR pale in comparison.

As a society, almost all of us got acclimated to this new world of instant gratification, to our financial detriment. Now, debt reduction is the name of the game for just about everyone. The problem is how to manage and tame the elephant in the room – debt reduction! Here are some debt solution ideas on where to begin, formulating a plan, getting help and getting out of debt.

The current economic situation is forcing our collective hands now. Perhaps it’s time to return to the conservative money management of the past. It used to be a fairly common practice for the family financial manager to put plain old cash in a number of envelopes on a weekly basis, set aside as soon as the paycheck came in.

These envelopes were treated like Fort Knox. Untouchable, unbreachable. When the bills came due, the money was there. While you may want to keep your money in the bank, applying the same principle to a strict budget is one debt solution that at least allows you to meet your monthly obligations.

Debt reduction is another story. If you can only pay the minimum payment on your credit cards, you might well spend 30 years paying off the debt. Debt consolidation is one solution to effective, meaningful debt reduction. When you use the debt counseling services of a professional debt consolidation counselor, they have the connections to renegotiate these monstrous APRs, are often able to get late fees waived and otherwise effect debt reduction that gives you hope and a manageable monthly payment that can get you out of debt in just a few years.

An effective debt reduction program does require that you have a great deal of discipline. Remember how you got into this spot in the first place. Living beyond your means. This is not said in a blaming tone, we all were encouraged by lenders and then trapped by legislation that gave us no notice of how overwhelming the situation could become. Now that you’re left holding the bag, you just need to put your individual foot down and determine that, although you were led down the primrose path, it’s time for a reality check. One that works to your benefit!

If you choose to go with a debt consolidation professional, ask them about other avenues that might be open to you. Do you qualify for a debt relief grant or government-backed loan that might improve your position? There’s no question that credit problems can make you lose sleep and even affect your health, over the long term.

A well planned and executed debt reduction plan can get you out of debt in less than a lifetime! Free yourself from debt worries. Forget about credit card applications! Use every legitimate resource, be disciplined and regain those elusive z’s for good. Debt reduction is a very good endeavor!