Pros
- Satisfaction Guarantee
- A+ BBB Rating
- Free Initial Consultation
- No hidden fees
- Personalized Plan
Cons
- Lack of Price Transparency
- Mixed Online Reviews
ClearOne Advantage, with over a decade of experience in the debt industry, offers personalized, confidential, and affordable debt plans to clients with varying levels of debt. They provide a range of options for debt relief, including debt consolidation, which allows borrowers to consolidate all their debts into one manageable payment.
ClearOne Advantage collaborates closely with clients to identify optimal debt solutions, negotiating with credit card companies and other lenders to lower monthly payments. Their program is designed to facilitate debt repayment within a manageable timeframe, typically spanning three to four years. With a dedicated team of one-on-one debt specialists, skilled negotiators, and supportive customer service representatives, ClearOne Advantage aims to help clients achieve significant savings, often reducing their total debt burden by 30-50%.
How ClearOne Advantage Works?
ClearOne has several strengths contributing to its success, including its ability to resolve over $3 billion in debts for clients. They offer services at no charge until a debt settlement plan is approved and implemented. Additionally, clients can conveniently manage their account information online through a secure client portal available 24/7.
For those still considering debt settlement, ClearOne offers helpful resources on their website including budgeting tools, articles, and a comprehensive debt guide. According to ClearOne, clients who commit to the program and successfully settle all their debts can anticipate saving approximately 50% over a period ranging from 24 to 60 months. This is achieved through their professional negotiation team, which contacts creditors to propose a one-time lump sum payment—often much lower than the original debt amount owed—using funds that you have allocated for this purpose.
Through personalized client consultations, long-term financial planning, and a team of skilled negotiators, ClearOne Advantage assists customers in establishing a savings strategy, negotiating down their current debts, and ultimately paying off the remaining debt at significantly reduced amounts compared to the original balances. This approach aims to provide clients with effective debt relief solutions tailored to their financial goals.
Similar to other debt settlement companies, ClearOne Advantage focuses on reducing unsecured debts, which are debts not backed by collateral. Typical examples of unsecured debts include credit card balances, business debts, and medical bills.
ClearOne Advantage Terms, Fees, and Conditions
The pricing for debt consolidation varies based on individual factors such as location, total debt amount, and annual income. To obtain an accurate price tailored to your specific situation, the recommended approach is to request a quote directly from ClearOne Advantage’s website.
To enroll in the ClearOne Advantage debt program, individuals must have a minimum of $10,000 in debt, which is standard across the industry. Once a settlement is reached, it typically takes between 24 to 60 months to fully pay off all debts. The fees amount to 25% of the settled debt, which is relatively high compared to other debt settlement agencies, but there are no additional hidden fees.
To determine if ClearOne Advantage is a suitable option for you, the most effective method is to request a quote directly from their website. By providing some personal details, you can receive feedback from a ClearOne Advantage representative regarding your eligibility and fit for their services.
ClearOne Advantage requires that customers have a minimum of $10,000 in debt and seek assistance exclusively for unsecured debt.
How To Get Started with Clearone Advantage?
There are two ways to apply for debt settlement services at ClearOne. The first option is to call and speak directly with one of their debt settlement specialists. However, for those who prefer to first explore potential savings, ClearOne offers an online tool to estimate potential savings before committing to a consultation.
ClearOne Advantage’s Debt Settlement Program is structured into four stages, typically spanning 24 to 60 months to complete. Here are the stages from start to finish:
- Before enrolling in your debt consolidation plan, ClearOne Advantage schedules a personalized 1-on-1 meeting with you and a debt specialist. During this session, you and your debt specialist will discuss your financial goals, review your current debt situation, and develop a strategy to reduce and eliminate your debts over the upcoming months. Once your Debt Specialist confirms that you’re a good fit for the ClearOne Advantage plan, you can proceed to Step 2.
- Before finalizing your commitment to the ClearOne Advantage plan, your debt specialist will email you a series of documents to review. These documents will outline the timeline of your debt settlement process, clarify your responsibilities, and conclude with a section for your signature. Once you’re ready to proceed, simply sign the documents to officially begin your journey toward debt relief!
- Now that you’re a ClearOne Advantage customer, it’s time to begin contributing to your debt settlement savings account. This FDIC-insured escrow account, managed by ClearOne Advantage, requires you to deposit funds each month according to the agreement terms. These funds will be used to facilitate your debt settlement process.The purpose of the savings account is to accumulate a lump sum that ClearOne Advantage will use during negotiations with your creditors. This lump sum serves as leverage: if your creditors agree to settle your remaining debts, they will receive the lump sum payment promptly. During this step, you might be advised to stop making payments toward your debts, which can potentially have a significant impact on your credit score.
- Once you’ve accumulated sufficient funds in your debt settlement savings account, ClearOne Advantage will initiate negotiations with your creditors. Upon successful settlement, ClearOne Advantage typically charges a fee, ranging from 20% to 25% of your original debt amount.
The team will follow the same process for each approved creditor you have. In certain cases, ClearOne Advantage has helped customers save up to 75% of their original debts, including fees.
After completing the initial application and agreeing to a settlement, the next step is to fund the account designated for debt repayment. This process can be completed in as little as 2-3 months for some individuals. Once the account is funded, ClearOne will initiate negotiations with your creditors to reduce your debts. Overall, the entire debt settlement process is typically expected to span between 2 and 5 years.
Customer Support
ClearOne offers customer support through telephone and email channels. However, based on our experience, contacting them via phone appears to be the most effective approach. One of our associates attempted to reach ClearOne support via email and did not receive a response even after six days.
- support@ClearOneAdvantage.com
- (888) 340-4697
Bottomline
ClearOne Advantage’s debt consolidation services are a valuable resource for everyday Americans facing at least $10,000 in unsecured debt. With ClearOne Advantage’s personalized, one-on-one debt settlement approach and the potential to save customers between 30% to 50% off their original debts, we strongly endorse their services.
If you’re facing challenges qualifying for a debt loan, exploring alternatives such as ClearOne Advantage’s debt program can provide reassurance. With no upfront costs, all fees are deducted from savings resulting from settled debts through the program. For detailed information about pricing and their debt solution program, we recommend contacting ClearOne Advantage and speaking with a debt specialist. They can provide a breakdown of the process and explain all associated fees involved.
