Company Name
CuraDebt

Industry Affiliations or Memberships
Better Business Bureau, San Diego Greater Chamber Of Commerce

Business Summary
CuraDebt was formed by a team of industry veterans from the consumer credit counseling, franchising, internet, and marketing industries.

The flagship service, CuraDebt Debt Settlement, helps consumers eliminate their debt in up to half the time and cost of consumer credit counseling agencies, and with a more positive credit record effect than bankruptcy.

CuraDebt provides various educational services: National Debt Freedom Teleconferences^SM, a FREE Debt Freedom Plan^SM, and a FREE newsletter.

Location
12707 High Bluff Drive Suite 200
San Diego, CA 92130

Voice: 1-877-850-DEBT
Fax: 1-619-839-3823

Year Operations Began
January 1^st, 1996 - Debt negotiations operations
September, 2000 - National online presence

Capitalization
Privately held company.

Problems Faced by Target Market

People need help

• The average balance on credit cards has increased from $2,985.00 in 1990 to $7,942.00 according to CardWeb.com, a credit-research firm.
• National bankruptcy filings totaled 400,394 this quarter, up 24.5 percent from this time last year.
• Over 1 million jobs have been cut in 2001, 2002.

Current solutions are not working

• Approximately 65% of people who sign up for a consumer credit counseling debt repayment plan drop out before completion.
• Studies show that a majority of people who obtain a debt consolidation loan are in worse financial condition 2-3 years later than people who did not get a loan.
• Bankruptcy creates a 50-60% additional cost for people on home mortgages, credit card interest rates, and car loans.

CuraDebt Solves Market’s Problems

• CuraDebt provides free education in the areas of credit repair, and debt negotiation vs. debt management plans. In addition, CuraDebt provides live teleclasses where groups can have their questions answered in an anonymous yet informational environment.
• Provide a comprehensive bankruptcy alternative solution. The Debt Consultant evaluates the situation of the client and provides a debt negotiation or debt management plan based on the unique situation of the person.

CuraDebt Solution Benefits

• More Comprehensive Products – Two different plans, both set up with monthly payments, provide a complete client solution.
• Competitive Prices – Fees for both plans are very competitive with the national averages.
• Personal Service – There is a commitment and equity share ownership position for Debt Consultants that is reflected in follow-up during and after the plan is completed.
• Issue 1 of Newsletter, Issue 2, Issue 3, Issue 4