ClearOne Advantage 2024 Review
ClearOne Advantage Overview
Since 2008, Baltimore, Maryland-based company ClearOne Advantage has enrolled over 170,000 clients and settled over $1 billion in unsecured debt with their debt settlement and debt resolution services.
Our ClearOne Debt Relief reviews will help you decide whether it’s the right service for you.
ClearOne Advantage works with credit card debt and other forms of unsecured debts, and their services help reduce your debt before you make your monthly payments. They charge $0 upfront fees. You can set up a free initial consultation with a financial expert to determine if you are right for their services. If you enroll, the typical plan lasts two or three years.
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.
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), Consumer Debt Relief Initiative (CDRI), USOBA (US Organization of Bankruptcy Alternatives), IAPDA (International Association of Professional Debt Arbitrators), and FTC accreditations.
- Positive reviews on third-party sites: As of 4/11/2023, ClearOne Advantage has a 4.8 (Excellent) score on the review site Trustpilot.
- Experienced representatives: ClearOne Advantage is a large company with over 600+ staff 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.
How Does ClearOne Advantage Work?
ClearOne Advantage is a debt relief company that uses multiple strategies to help you get out of debt.
It all starts with a free consultation with one of the company’s credit specialists. They will help you look at various options, including:
- Debt consolidation loans
- Balance transfers
- Debt management plans
- Debt settlement plans
After your consultation, if you decide to move forward, ClearOne Advantage will ask you to submit an application form and your financial information. Many plans involve having ClearOne try to negotiate debt settlement for you.
Once you sign up, you’ll start placing your money into a debt settlement account rather than making payments toward your debts. In the meantime, ClearOne will negotiate with your creditors on your behalf.
Once ClearOne comes to an agreement with your creditors, you’ll use the money in your settlement account to meet the requirements outlined in the agreement. The company claims that most people who complete their plans do so after two or three years.
ClearOne Advantage offers one service - debt settlement. That means that the company will negotiate with your creditors on your behalf to help set up a payment plan where you can pay off your debts for less than the full amount that you owe.
The company can also offer counseling regarding other debt resolution options, like a consolidation loan or bankruptcy, but its primary product is its debt settlement plan.
How Do I Get Started with ClearOne Advantage?
Getting started with ClearOne Advantage means setting up a free consultation. During the consultation, you’ll discuss your debt and financial situation with a representative who can help talk you through the various options that you can use to get out of debt.
If you decide to move forward and sign up for the service, you’ll start by calling the company’s phone line. They’ll help you sign up and design a personalized debt settlement plan for you. They’ll also set up access to their client portal where you can track your plan’s progress.
Once you receive your plan, follow the steps outlined while ClearOne negotiates on your behalf. If everything goes well, you can be out of debt within a few years.
Terms & Requirements
ClearOne Advantage has just a few requirements to qualify for its service.
For one, you can only use the company to negotiate unsecured debt, such as personal loans or credit cards. Secured debt, such as an auto loan or mortgage, does not qualify.
Second, you must have at least $10,000 in debt to put into the program. You can combine your debt with a spouse’s if you both want to enter the debt settlement plan.
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.
For Whom is ClearOne Advantage Good?
ClearOne Advantage may be a good choice for people who have significant unsecured debt and who are struggling to make their monthly payments. ClearOne offers a way to get out of debt without having to deal with lengthy court proceedings and declaring bankruptcy.
However, keep in mind that debt settlement with ClearOne can be costly and will likely damage your credit. You may wish to consider other options, like debt consolidation, if you can manage it.
ClearOne Advantage Debt Relief Alternatives
ClearOne Advantage is one of the many debt relief businesses out there. If you’re looking for help with your debt, consider these other options.
Real Customer Reviews
On Trustpilot, the average ClearOneAdvantage review score is 4.8/5. 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 have 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.
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
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.
Is ClearOne Advantage legit?
Yes, ClearOne Advantage is a legit company that can help negotiate with creditors on your behalf.
Does ClearOne Advantage hurt your credit?
Working with ClearOne Advantage will not do additional damage to your credit, but skipping payments settling debts for less than you owe may cause your score to drop.
Can I get my money back from ClearOne Advantage?
Yes, ClearOneAdvantage offers a 30-day money back guarantee.
Reviews for ClearOne Advantage
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3 out of 5 stars(2 Reviews)
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|Credit Score Required
|25% of total debt
|Minimum Debt Amount
|Number of Customers Helped
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