There is quite a significant difference that exists between Curadebt and it’s competitors in the debt consolidation 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.
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 compare this to debt consolidation the picture is very different. Those who take out debt consolidation loans do not benefit from reductions in their debt levels, the debts actually increase in size because you have to include the fees the consolidation companies charge.
The other significant problem is that the payments affectively come from a third party which is the company that lends the money for the loan. This is from a credit point of view, very similar to a bankruptcy. also just to be able to get a loan in the first place you need to be able to show some security for it, most in this situation cannot.
There is a completely obligation free consultation process where Curadebt goes through the service in detail.
Tags: bankruptcy, business, Credit cards, Curadebt, debt consolidation, debt management, debt relief, economics, Finance, Loans