ClearOne Advantage 2020 Review
Since 2007, Baltimore, Maryland-based company ClearOne Advantage has settled over $1 billion in unsecured debt with their debt settlement and debt resolution services.
ClearOne Advantage works with works with with credit card debt and other forms of unsecured debts, and their services help reduce your debt before you make your monthly payments.
ClearOne Advantage offers a free initial consultation with a financial expert to determine if you are right for their services. To qualify, you must have at least $10,000 in debt, which includes credit card debt, personal loans, child support, and collections. Couples can even combine their debt for a lone debt settlement plan.
If you are accepted into the program after discussing your finances and debts with an experienced consultant, you can enroll by filling out the required information, submitting it either through mail or online.
Once enrolled, you set aside funds to put into your settlement account and when you have saved up enough, ClearOne Advantage negotiates with your creditors to reduce your debt. You will begin making payments once the settlements are reached.
Although each case is different, you can expect to finish the program in two to three years.
In addition to debt settlement, ClearOne Advantage offers services such as credit counseling, consolidation loans, and bankruptcy.
They are based out of Baltimore, Maryland and offer services in 22 states: Alaska, Alabama, Arkansas, Arizona, California, Florida, Iowa, Indiana, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Missouri, Nebraska, North Carolina, New Mexico, New York, Oklahoma, Pennsylvania, Texas, and Virginia.
For those who want additional resources, ClearOne Advantage provides educational articles and videos on personal finances. Customers can even keep track of their progress through an online dashboard. All of your personal information is kept secure on the company’s servers.
In the case that your debts are not settled, ClearOne Advantage guarantees a full refund of your account funds and settlement fees as long as you notify them within 30 days of your signed agreement.
Contact ClearOne Advantage
Email: [email protected] Phone: 877-539-6429 Website: www.clearoneadvantage.com Business Hours: Monday through Thursday 10 am to 7 pm EST, Friday 10 am to 5 pm EST Address: 1501 South Clinton Street Suite 320 Baltimore, MD 21224
ClearOne Advantage Pros
- Accredited service: ClearOne Advantage holds several accreditations, including an A+ from the BBB (Better Business Bureau), the AFCC (American Fair Credit Council), USOBA (US Organization of Bankruptcy Alternatives), IAPDA (International Association of Professional Debt Arbitrators), and FTC accreditations.
- Experienced representatives: ClearOne Advantage is a large company with around 200 people and years of experience in the financial sector. Their representatives are knowledgeable and can be reached by email, phone, and fax. They are even active on social media if you want to keep updated through a different platform.
- ClearOne Advantage offers extra educational resources.
- Free initial consultation: Simply fill out a form on their website to get started.
- Money-back guarantee: If the settlement process does not work, you are eligible to receive a 90-day, 100% money-back guarantee.
- Excellent customer service: Many clients praised ClearOne Advantage's knowledgeable, friendly, and experienced staff.
ClearOne Advantage Cons
- ClearOne Advantage only accepts debt of $10,000 or more, which is higher than many of their competitors.
- They are only available in 22 states.
- ClearOne Advantage collects your information like many other debt settlement companies do. However, they state that they use it to improve their services and only disclose your information to third parties that are affiliated companies.
- Because you are defaulting on your credit agreements, your credit score will be negatively affected.
ClearOne Advantage Pricing
- ClearOne Advantage requires a minimum of $10,000 in unsecured debt to qualify.
- They offer a free initial consultation and no upfront fees.
- ClearOne Advantage charges 25% of the total enrolled debt. You do not need to make any payments until your debts are settled.
- ClearOne Advantage has a 90-day, 100% money-back guarantee.
Real Customer Reviews
On Trustpilot, ClearOneAdvantage has a score of 4.7/5. Customers report good customer service overall, with a few negative reviews about how long the debt settlement process takes.
Here are some customer reviews from Trustpilot:
"5 Stars for Chris Carlino* Ok, We have started as of yesterday. I would just like to say if it weren't for the Incredibly Warm and Caring Way I have been Treated by the Enrollment Specialist Chris Carlino (AMAZING PERSON), I don't know what I would have done. Chris is very Informed and answered all my questions with such Professionalism and Assurance. He worked out various options and even gave me the opportunity to think about what choice is right for us, (No Pressure at all). I Would Absolutely (so far) Recommend this Company (mainly because of Chris Carlino) to anyone needing Accredited and Established Skills.. ( Especially during this Pandemic)." -May 2020
"Clear One needs to be more helpful with accounts involving law firms I have found Clear one Advantage to be a very reliable company until recent events which caused me to lower my opinion. About a month ago I found out one of my creditors was pursuing legal action. What I am disappointed about was that Clear One did not reach out to me about the account I had to contact them. Then I was told by one of Clear Ones representatives that I should reach out to the law firm to see if I could work out some type of arrangement with them, only to find out that Clear One had Power of Attorney with the law firm which prevented me from discussing it with them. I since received a second document from the District court setting a pretrial date. I waited 4 days to see if Clear One would notify me they had received the same and call me to tell me the next step. I never received a call so I called them to find out that I needed a document from Clear One to send to the law firm that would allow me to talk to the law firm directly. I should have been given this information when I last talked to the Clear One representative. I now have the document and I am in the process of contacting the law firm. I do not understand why this should be my responsibility, I do not understand why Clear One seems to be less than vigorous in helping me the client when a law firm is involved. I would have rated them lower but the Clear One representative I talked to today was very informative and seemed to actually care." -October 2019
ClearOne Advantage stands out in the debt settlement industry with its accreditation, experienced financial experts, and 100% money-back guarantee. Although their settlement fees run on the higher end, they have many positive reviews. If you live in one of the 22 eligible states and have at least $10,000 in debt, ClearOne Advantage is worth looking into.
Frequently Asked Questions
What is the minimum debt needed to enroll in ClearOne Advantage?
ClearOne Advantage requires consumers to have a minimum debt of $10,000.
What are ClearOne Advantage's fees for debt reduction?
Their fees are between 20% to 25%.
Will debt analysis from ClearOne Advantage affect my credit?
Debt analysis will not affect your credit score since ClearOne Advantage will do a soft pull on your credit to see your accounts and balances from TransUnion.
When can I expect to see initial results from ClearOne Advantage?
You will most likely see initial results in the third or fourth month of being enrolled, depending on your monthly payment and the amount of debt enrolled.
How long will it take to finish ClearOne Advantage's program?
Depending on how much debt you enroll and your monthly payment, it will take around an average of 24 to 48 months to complete the program.
What if a creditor makes me an offer?
If a creditor makes you an offer, do not give them any information that may be used against you, such as whether or not you can afford their offer. Instead, write down the details and forward them to [email protected]
What is the best method to correspond with ClearOne Advantage?
You can communicate with ClearOne Advantage through phone or email. However, they recommend calling the Customer Loyalty Group at 1-888-768-4767 for any urgent matters.
What are the hours of operation for ClearOne Advantage?
Their hours are Monday through Thursday 9 am to 6 pm EST and Friday 9 am to 5 pm EST.
What happens if I miss a payment?
If you miss a monthly payment, ClearOne Advantage recommends that you try to make it up to keep your program on track to not lose the settlement with your creditor. ClearOne Advantage will work with you to keep you on track. If you have trouble making your payments, you can contact their Customer Loyalty Group at 1-888-768-4767 EST to discuss your options.
Reviews for ClearOne Advantage
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|Credit Score Required||None|
|Pricing||25% of total debt|
|Minimum Debt Amount||$10,000|
|Number of Customers Helped|
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