Are you finding yourself in a rut, swamped and pestered by never-ending calls and reminders to pay bills? Have you sought help or searched online for a solution, but are yet to find something or someone?
If you are a resident of Washington and just looking for some answers, you are in luck! The experts at CuraDebt have over 20 years to walk you through the options available and help you every step of the way.
Our Washington debt relief program provides all the necessary experience, licenses, and networking to help you feel relieved by working towards becoming debt-free. Join the CuraDebt family right now and be part of the thousands who are worry free!
Do you want to receive some wise advice regarding your debts and finances? Wait no more and get a personalized debt relief program and estimated savings here.
Undeniably, financial distress and anxiety are two conditions that come with dealing with debt which can have a tremendous impact on your everyday life. Particularly horrifying is Debt fatigue – which can turn your life upside down.
If you are struggling to handle this overwhelming challenge, consider debt consolidation to manage and take control of the situation again. CuraDebt can make your whole Debt Consolidation journey a lot smoother and easier.
Harassment, false or misleading statements, and unfair activities by collection agencies are prohibited by the Washington Collection Agency Act and the federal Fair Debt Collection Practices Act. You may file a lawsuit against a collection agency if you think it has unnecessarily harassed or misled you. You might be awarded legal costs and damages. Some examples of violations are as follows:
The following are some examples of income that cannot be taken:
If you have received phone calls harassing you about your debt, schedule a time to talk with a CuraDebt counselor. CuraDebt cares about your rights and will help you to defend against illegal debt collection practices and violations.
Debt settlement is the process of negotiating with your creditors to pay less than the entire amount owing on your debts (also known as a debt settlement program, debt negotiation, arbitration, or debt forgiveness). While saving you money on interest and fees paid throughout the course of the debt, these programs can cut or eliminate late fees, collection costs, and interest charges. However, they can have an impact on your credit score. You pay a predetermined sum into a designated account on a regular basis to settle the debt. The pace of the program would be accelerated if you had access to or had a lump sum to use as a starting point.
Based on your financial position, CuraDebt’s program is created to assist you in saving as much money as possible, and as quickly as possible. To get you the lowest legal amount, we will use our knowledge, connections, and secret strategies. Within a few years of receiving your settlement letter with all the agreed-upon terms, you could be debt-free.
Debt settlement has several advantages for your financial situation and even general health if done correctly. Several advantages include:
The total amount saved following debt settlement is determined by several factors, such as
Regarding your tax bills, CuraDebt will direct you on the proper route. You can get assistance from CuraDebt with these tax payments.
CuraDebt understands how important your business is to you. CuraDebt will help your business with these types of debt.
Before giving your commitment to any option, it is always recommended to check all the available options for you. These are some of the options that you may have
The first option you have is to make regular minimum payments.
This may seem like a nice tactic, but creditors will raise interest rates and the debt snowball will become even greater. Even a slight rise in interest rates makes your debt relief significantly harder!
So, while it may seem plausible now, this option is not great for you in the long term.
This sounds like a great idea, on paper. Transfer the balance from one credit card to another. Voila, you are in the clear…right? Well, if it is too good to be true, it is too good to be true!
The main issue is that the interest rate on the new card will only be low for a few months. Once the credit agencies understand the balance was transferred, the rate for card #2 will skyrocket and be even worse than on card #1.
Plus, with newer loans, you must be consistent with payments, otherwise, a credit card company may look at it as fraud. So, balance transfers are not helpful to many people.
If you are suffering from hardship, the credit card company may give you a bit of relaxation.
You will get permission to submit lower monthly payments. However, the interest that is accumulated usually exceeds the original payment.
This will take you into even deeper debt that will make it more difficult to pay off.
Once again, this is not a great option if saving is what you are looking for.
Some years ago, DMP started after a partnership between a non-profit organization and credit card companies.
In exchange for a monthly fee to a non-profit organization, the credit issuer will lower your interest rate to 0%.
At present, the concessions have been reduced and monthly fees have increased along with the interest rates. Though there is a benefit to only paying a single bill, it is often more expensive than alternative options.
However, the interest rates will be similar, even higher in some cases. Also, you will be paying a 60 to 80 dollars monthly fee to a non-profit organization.
Thus, you must pay a higher monthly fee along with a higher interest rate. Furthermore, with higher costs, your debt issues will not be resolved. Hence, it is not the best option.
Keeping track of bills and their due date is a headache. One day is the last date to pay your credit card bill and the other day you are running late on your loan installment.
Despite your best efforts, should you miss a single payment, the interest rate fluctuations on unsecured debt are enough to crush your peace of mind.
How convenient would it be to pay just one bill at a lower interest rate? In that case, Debt Consolidation can work perfectly fine for you.
In short, debt consolidation is the process of taking out one loan to pay off several separate loans. Consolidating debt is a promising idea when you have several debts that are out of control.
You can obtain a lower interest rate initially and eliminate the hassle of paying multiple bills each month. However, debt consolidation comes with a lot of disadvantages.
Chiefly, debt Consolidation companies usually do not care about your hardships. They are aggressive in their approach and charge a fee to take out the loan.
However, with conditions written in fine print, they are entitled to increase interest rates. Soon your debt ‘solution’ is now an additional headache.
Now, you must keep a regular and smooth payment history. Otherwise, it will look like a fraud to the lender.
Generally speaking – this option has its pros and cons!
It is like investing, when done correctly – it can be beneficial. But when gone wrong, things can get really concerning.
This option allows you to use equity to take out a consolidation loan. Equity (typically in the form of your home) then leads to a loan which can be used to pay out other unsecured debts. This can be a risky option as you have a high chance of losing your property.
If you are unable to make regular payments, the lender can technically attach your property.
However, if this is done with professional help like CuraDebt, you can have room to breathe. With the lowest interest rates and highest savings, CuraDebt will come to your rescue.
Undeniably credit counseling may seem like a promising idea from the start. When offered by professional counselors, it can be a valuable service if you are having trouble managing your debt.
Basically, think about credit counseling like a personal trainer. While you may be helped by a trainer, there are many low-hanging fruits that might be a better investment (healthy eating, gym memberships). Further, one thing many forget is the cost of a counseling session!
When figuring out your debt, adding one more expense is cause for concern.
So, to get the best solution to your debt woes, you need to ensure the professional is affordable and aligned with more than simply making money.
The last resort for any person in Washington is declaring bankruptcy. If your income is less than the median income of your state, Chapter 7 bankruptcy will be applicable.
When your income is more than the median income of your state, but you still cannot manage to pay back the debt, Chapter 13 bankruptcy will be applicable.
If your business is unable to repay its debt and is on the verge of insolvency, it will fall under Chapter 11 bankruptcy.
Bankruptcy is catastrophic to your future opportunities, access to loans, and personal banking. It is the option of last resort for a reason.
Certainly, you will have to answer questions about bankruptcy thousands of times in your life. It affects your ability to apply for a loan for at least 20 years.
So, before filing for bankruptcy, talk with our counselors to see if there are any better options than bankruptcy for you.
A Merchant Cash Advance loan is a loan for actively running businesses that need extra cash to cover various business activities.
If you need some extra cash to run the business, but your payments are stuck for any reason, you can take an MCA loan.
An MCA loan secures the loan against business receivables. If the business is unable to repay the loan due to any hardship, the lender can collect receivables to recover the loan amount.
While there are benefits to MCA loans, the biggest drawback of MCA is that without receivables, your business might suffer. If cash deficiency prolongs, you might run out of business. Hence, it may not be the best choice for your business.
Debt is a double-edged sword. If it is not managed mindfully, it is going to backfire. That is why a professional company like CuraDebt is necessary for the Debt Relief Program. Learn more about it here.
Several types of debt have varying statutes of limitations. Here are the differences:
If you can write a check and pay your debts in full, then you do not qualify for debt settlement. In short, it is not a get-out of paying your debts program.
Rather, this is a program for people facing hardships like loss of income or unexpected expenses.
Even after paying minimum payments regularly, you realize you are going nowhere except under the debt that is impossible for you to pay.
To see if you qualify, speak with a counselor at CuraDebt. They will make an estimate of your cash flow to see if you qualify for this program. They will get you a free estimate of your savings on the debt relief program.
CuraDebt will work for you and make your debt settlement extremely cost-effective. With CuraDebt, you can be debt-free in 3 to 4 years instead of 10 to 20 years if you remain committed to the program.
There are many types of debt relief programs available in Washington, each with different terms and conditions.
Some programs provide immediate help while others require that you wait until their payment plan begins before getting any money back in return for paying off your debts faster than normal.
CuraDebt’s fees are guaranteed to be the lowest in the industry which can beat the competitor’s offer too. The CuraDebt Debt Relief Program does not require an upfront fee.
With CuraDebt, you are in the right hands. With a five-star rating and no complaints, we are confident of beating any competitor’s offer. We are more resourceful than any competitor on the market.
Get rid of your high-interest-rate debt and create a debt-free future with us.
Call 877-850-3328 for a free consultation now!