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ClearOne Advantage Reviews

8

bestfor-icon Personalized Debt Reduction Plan

stevenwalters
Written by Steven Walters

About ClearOne Advantage | Read More

8.4

LS Score

7.6

Credibility

8

Support

8

Accessibility

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Opening Hours Opening Hours drop-down-btn
Mon-Fri 8:00 AM - 10:00 PM EST
Sat-Sun 10:00 AM - 7:00 PM EST
Contact Information Contact Information drop-down-btn
  • support@ClearOneAdvantage.com
  • (888) 340-4697
  • Headquarters: 1501 S. Clinton Street Suite 320 Baltimore, MD 21224
Social Media Social Media drop-down-btn
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ClearOne Advantage Debt Relief Review

ClearOne has a number of things going for it, which could be why they have been able to resolve over $3 billion in debts for their clients. Services are free of charge until a debt settlement plan is approved and in place, and clients are able to manage their account information online through the client portal 24/7. And for those still trying to decide if debt settlement is right for them, there are budgeting tools, articles, and a comprehensive debt guide right on the ClearOne website. According to ClearOne, clients who are willing to stick with the program and settle all their debt can expect to save around 50% over 24 to 60 months.

ClearOne Advantage Debt Relief Highlight

$15K

Minimum Debt Amount

Yes

Soft Credit Pull

Marketplace

Lender Type

Yes

Other Fees

None

Origination Fee

None

Prepayment Fee

Pros & Cons

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  • con-icon 30-day satisfaction guarantee
  • con-icon A+ with BBB
  • con-icon Free consultation with a debt specialist
  • con-icon No hidden or upfront fees
  • con-icon Personalized plan that allows you to see what you’ll save before you commit
  • con-icon No prices or fees listed online
  • con-icon Mixed online reviews

Debt Relief Product Types

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  • Debt relief consultation service
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ClearOne Advantage Debt Relief Terms & Requirements

To qualify for the ClearOne Advantage debt program, debtors need a minimum of $10,000 worth of debt, which is standard for the industry. Once a settlement is in place it generally takes 24-60 months to pay off all the debts. Fees are 25% of the settled debt, which is a bit high compared with other debt settlement agencies, however there are no other hidden fees.

Free Savings Estimate Online Tool

There are two ways you can apply for debt settlement services at ClearOne. The first is to give them a call and speak to one of their debt settlement specialists. This might not appeal to some people who want to see how much they could potentially save. For this group, there’s an online tool to find out how much you could potentially save.

Unfortunately, when we tried to use the tool we found that it never revealed any information. We thought maybe it was our browser, so we tried to use the tool in three different browsers and all three just continued to show a loading screen. This may have been temporary (we left the loading screen run for ~20 minutes), but our tests indicate that the only way to get a quote and apply is to contact ClearOne on the phone.

Step 1: How Much Debt Do You Have?

Use slider to estimate the amount of debt you have to get an estimate of time savings and total savings.

Step 2: Your Free Savings Estimate is Loading

Your personalized plan from ClearOne is loading

There are two ways you can apply for the debt settlement services at ClearOne. The first is to give them a call and speak to one of their debt settlement specialists. This might not appeal to some people who just want to see how much they could potentially save. For this group there’s an online tool to find out how much you could potentially save.

Unfortunately when we tried to use the tool we found that it never revealed any information. We thought maybe it was our browser, so we tried to use the tool in three different browsers and all three just continued to show a loading screen. This may have been temporary (we left the loading screen run for ~20 minutes), but our tests indicate that the only way to get a quote and apply is to contact ClearOne on the phone.

Qualification Requirements

  • Clients must have a minimum of $10,000 in debt
  • No minimum credit score or history required
  • No income requirements
  • No job status requirements
  • Must be a U.S. citizen or resident
  • Must be at least 18 years old

Required Information

Because the online quote forms were not working for us we can’t say for sure what information is required to initiate the debt settlement process. That said, based on our experience with other similar companies, it makes sense that the following will be needed, at a minimum:

  • Name
  • Address
  • Date of birth
  • Phone number
  • Email
  • Amount of debt to be settled

Application Steps & Time Frames

Once the initial application is completed and a settlement is agreed to the next step is to fund the account that will be used to pay off debts. This can take as little as 2-3 months for some people. Once this account is funded ClearOne will begin negotiating with your creditors to reduce your debts. Overall, the entire debt settlement is expected to take between 2 and 5 years.

State Availability

Available - Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin

Not Available - Connecticut, Hawaii, Illinois, Maine, Montana, New Hampshire, North Dakota, Oregon, Rhode Island, Wyoming

stevenwalters
Written by Steven Walters facebook-icon linkedin-icon

Steve has been writing in the financial products space for over a decade, with interests ranging from personal loans to investing. He is also deeply into the blockchain space. In his free time, you can find him in the kitchen preparing delicious meals, or outside hiking and biking.

faq-icon

FAQ’s

How much does ClearOne charge?

There are no upfront fees for services and you only pay once a settlement has been reached with your creditors and you’ve approved of the settlement. Because each case is different the total cost will vary from one person to the next

Is ClearOne trustworthy as a debt settlement company?

ClearOne Advantage is trustworthy as a legitimate debt settlement company. It is accredited by the Consumer Debt Relief Initiative (CDRI).

How much money will I save using ClearOne?

The total savings will vary by person, but ClearOne claims that the average savings are 50% of the total owed, before fees.

Customer Support

ClearOne provides customer support via telephone and email. That said, giving the company a call seems to be the best course as one of our associates tried emailing ClearOne support and after six days passed they still hadn’t heard back from the support team.

With that in mind, we went ahead and gave the support team a call to see how quick they were to respond over the phone, and how well they handled our questions. While they did answer the call within minutes and were quite friendly and knowledgeable, we also felt that their approach was quite sales oriented. It was clear that they really wanted to pass us along to a sales rep and get us on a debt relief plan.

Privacy & Security

ClearOne Advantage’s privacy policy states that they share information you provide for business use as well as for marketing purposes—affiliates and non-affiliates.

In Conclusion

If you’re having trouble qualifying for a debt loan, it can be a comfort to know that there are other options available, like the debt program offered by ClearOne Advantage. There are no upfront costs, and all fees come out of the savings from debt that’s been settled through the program. The best way to learn more about pricing and their debt solution program is by calling and speaking with their debt specialist who can breakdown how the process works and all fees involved.

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