ClearOne Advantage Review – Debt Resolution Support
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Everyone hates the word debt, but whether you love it or hate it, there is no way you can run away from it. While it isn't a pleasant situation to have an outstanding debt under your name, help is available. You can lower the payments through debt consolidation or seek the help of a debt relief company.
Through debt consolidation, you can merge multiple balances into one loan and pay off the single loan at a lower interest rate. On the other hand, debt relief services or settlement is a process where companies can help you pay off the debt and reduce the amount owed. While it isn't guaranteed and comes with some risks, it is worth trying if you are worried about your debts. For some people, it is the right move.
If you are in a situation where you are unable to make timely payments, you might want to seek help from ClearOne Advantage*.
In this article
What is ClearOne Advantage?
ClearOne Advantage offers complete debt resolution services. The company has managed to help more than 170000 + clients, and the best thing about it is that there are no upfront fees. You do not have to pay until a debt settlement plan is in place. If you are still confused about whether you want to work with them, browse the articles and guides on the website to get an idea of all your options.
According to its website, if you are willing to stick to the debt settlement program and settle your enrolled debt, you can save about 50% before fee in 2 to 5 years. Our ClearOne Advantage review will help you decide whether it is worth a try.
Make a commitment to get out of debt with a dedicated team that will support you every step of the way, providing you with the necessary resources and assistance to achieve financial freedom. You’ll get the help you need without paying any fees for our services until your debts are reduced and you save money.
See if you qualify for credit card relief.
How does ClearOne Advantage work?
You can call the company for a free consultation at 1-888-340-4697 and speak to a specialist.
Eligibility requirements
- You must have a minimum credit card debt of $10,000
- Must be a U.S. citizen
- Must be at least 18 years of age
- Must be employed and meet income requirements
- A soft credit history is pulled
How much does ClearOne Advantage cost?
The best thing about working with ClearOne Advantage to handle your debt is that there are no upfront fees. If you want to apply for debt settlement, you will only be charged after you agree to a settlement they have negotiated on your behalf they offer. The fees will be 26-28% of the settled debt. This means for a debt of $10,000, you will pay a fee between $2,600 to 2,800.
ClearOne Advantage Features
A wide array of services
To work with ClearOne Advantage for debt settlement, you should have a minimum credit card debt of $10,000. While it is slightly higher than the minimum requirement by other debt relief companies, the company states that it will take about 24-60 months to pay off your debts, if you qualify. However, if you are seeking a debt consolidation loan, you need to have a minimum unsecured debt of $5,000 and good credit. For credit counseling, your minimum unsecured debt should be $2,500.
Quick application processing
After the initial application, you will receive a personalized plan from the debt specialist. If you agree to the plan, you must fund the escrow account used to pay off your debt. Once you fund the account, ClearOne will negotiate with the lender to help reduce the debt, and the entire process could take about 2 to 5 years, depending on the debt amount.
Dedicated specialists
When it comes to your financial life, you only want an expert to guide you. At ClearOne, you consult with a Certified Debt Specialist to understand your situation, and they will have a plan for you in as little as 20 minutes. This plan will have affordable monthly payments to help resolve the debt at the earliest. The analysis will consider the outstanding amount, monthly expenses, and income. There will be expert negotiators who will speak to your creditors and ensure that they reach an agreement for you.
No upfront fees
ClearOne is very clear about this. There are no hidden fees and no upfront fees. You only have to pay when you agree with the negotiated settlement and want to work with the company.
Customer service
If you prefer to talk to someone via phone call or live chat, you can always find an expert once you are enrolled with ClearOne. They will always be happy to address your issues and provide help.
Educational resources
You can educate yourself about different types of debts and the right ways to handle them through the ample educational resources on the website.
Make a commitment to get out of debt with a dedicated team that will support you every step of the way, providing you with the necessary resources and assistance to achieve financial freedom. You’ll get the help you need without paying any fees for our services until your debts are reduced and you save money.
See if you qualify for credit card relief.
Who is ClearOne Advantage best for?
Those struggling with debt. If you are always concerned about outstanding debt, ClearOne is where you can find help. The company has several debt experts who can guide you towards becoming debt-free.
Those with high-interest debt. If you have a loan with a very high interest rate and this is the reason you have fallen behind the minimum payments, you will be happy to know that ClearOne Advantage will speak to the creditors for you.
Who shouldn’t use ClearOne Advantage?
Those with a tight budget. If you have a very tight budget and no space for the fees, you might want to steer clear of ClearOne. You will have to pay a fee as high as 25% in case of debt settlement.
Those with small debts. The minimum credit card debt required to qualify for ClearOne is $10,000, and if your debt is lower than that, you might want to look at other options. When you try to apply for the service, you will have to select the amount of debt you owe, and if it is lower than $10,000, you need to look elsewhere.
Those with no income. No creditor will accept a settlement if you do not have enough income flowing in every month. ClearOne Advantage will also check your monthly income and expenses before offering you a customized plan. To qualify, you need to show that you can make the monthly payments as per the plan.
Pros and cons
Pros
- Free consultation with a specialist
- Personalized plan
- No hidden or upfront fees
- 30-day satisfaction guarantee
Cons
- No details about the pricing on the website
- Nearly impossible to get an online quote
- Not available in all states
- Doesn’t accept all creditors
ClearOne vs. competitors
Company | Upfront fees | Minimum debt amount | Free consultation offered |
ClearOne Advantage | None | $ 10,000 | Yes |
National Debt Relief | None | $ 7,500 | Yes |
Freedom Debt Relief | None | $ 7,500 | Yes |
Freedom Debt Relief
Freedom Debt Relief has a lower minimum debt requirement of $7,500 and has no upfront fees. The applicant must prove that they have a hardship preventing them from paying creditors and should live in a serviced state. It also offers a free consultation and personalized plan to ensure it fits your requirements.
The company is committed to helping people by providing the necessary resources, even if it cannot help settle your debts. It handles debts case-by-case, ensuring each case receives the necessary time and attention.
National Debt Relief
National Debt Relief also requires applicants to have a minimum debt of $7,500 and should have a legitimate financial situation that makes it difficult for them to pay their creditors. The fees range from 15% to 25% of the total debt enrolled. With National Debt Relief, you get the services of a debt specialist and a personalized plan that works for you.
Its website is simple and straightforward, making it easier to create an account and share your details. It accepts major credit card debts, unsecured loans, retail debt, and business debt.
Make a commitment to get out of debt with a dedicated team that will support you every step of the way, providing you with the necessary resources and assistance to achieve financial freedom. You’ll get the help you need without paying any fees for our services until your debts are reduced and you save money.
See if you qualify for credit card relief.
FAQs
How much will ClearOne cost me?
The best thing about working with ClearOne Advantage is that you do not need to worry about paying upfront fees. You only have to pay after a settlement has been reached and you have agreed to the same. They usually charge 26-28% of the debt enrolled.
Is ClearOne a legitimate company?
Yes, ClearOne is a legitimate debt settlement company and is accredited by the Consumer Debt Relief Initiative (CDRI) and the International Association of Professional Debt Arbitrators (IAPDA). It is rated 4.9 on TrustPilot.
Will ClearOne Advantage debt relief program affect my credit score?
The company will do a soft pull when you apply for a program. However, if you qualify for the debt relief program and agree to work with them, you may see your credit score drop.
The bottom line
When you are in debt, knowing that you have other options to consider, like the debt relief program offered by ClearOne Advantage, can be comforting. With industry experts on your side, you can have peace of mind that your debt will be handled well. There are no upfront costs; the easiest way to learn about their plans is by speaking to the debt specialist.
Disclaimer
ClearOne Advantage, LLC is a debt settlement company, not a lender, loan broker, creditor, credit services organization, or debt collector. ClearOne Advantage, LLC does not assume or pay any debts; receive, hold or control funds belonging to consumers; or provide bankruptcy, legal, accounting or tax advice. You should review full program terms and conditions before enrolling. To the extent that any aspect of the debt settlement services relies on or results in the consumer’s failure to make timely payments to the consumer’s creditors or debt collectors, the use of the debt settlement services: (1) Will likely adversely affect the consumer’s creditworthiness; (2) May result in the consumer being subject to collections or being sued by creditors or debt collectors; and (3) May increase the amount of money the consumer owes due to the accrual of fees and interest by creditors or debt collectors. Not available in all states. Some third-party fees may apply. C.P.D. Reg. No. T.S. 12-03822.
ClearOne Advantage is not a credit services organization and we do not make any claims regarding improvement of a consumer's credit scores. Entering into a debt settlement program could adversely affect your credit score.
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Editor
Vandita Jadeja is a financial writer and editor at Joywallet. She loves to read and write about money and brings a decade of experience from the financial industry.
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