Cost:  

Debt Management

CuraDebt no longer offers debt management plans.

Debt Settlement

CuraDebt takes a somewhat different approach to charging for debt consolidation services than is taken by most other firms. Whereas most competitors charge a flat 15% of the total debt entered into the program, CuraDebt Charges an initial retainer fee of 5% of the total debt and then 20% of the amount they are able to save the client. That charge could make it more or less than others charge based on how the process actually goes.

Here’s some analysis of the pricing for comparison purposes. In general, debt consolidation firms presume that they’ll be able to save the client 50% of the total debt. If that actually happens, the cost to the consumer with CuraDebt’s pricing structure will be exactly the same as with companies that charge a flat 15%. If they save their client more than 50%, then their commission is higher but client also pays less overall because more debt is forgiven. If they save less than 50% of the total debt then their commission is correspondingly lower but the client ultimately pays more because a smaller amount of the debt is forgiven.

The 5% retainer fee is paid in three equal installments during the first three months of the debt settlement program. The fee is refundable if the client sets aside at least 2.5% of the total debt throughout the course of the program.