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.
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 Highlights
LOAN REPAYMENT TERM
24-60
ORIGINATION FEE
None
PREPAYMENT FEE
None
OTHER FEES
Yes
SOFT CREDIT PULL
Yes
LENDER TYPE
Marketplace
Pros & Cons
- A+ with BBB
- Free consultation with a debt specialist
- No hidden or upfront fees
- No prices or fees listed online
- Mixed online reviews
- Limited availability
Debt Consolidation Types
- Debt relief consultation service
ClearOne Advantage Debt Relief Terms & Requirements
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.
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
- Social security number (at least the last 4 digits)
- 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, Florida, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Missouri, Nebraska, New Mexico, New York, North Carolina, Oklahoma, Pennsylvania, Texas, Virginia.
Not Available - Colorado, Connecticut, Delaware, Georgia, Hawaii, Idaho, Illinois, Kansas, Minnesota, Mississippi, Montana, Nevada, New Hampshire, New Jersey, North Dakota, Ohio, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, Washington, West Virginia, Wisconsin, Wyoming.
Not Available - Colorado, Connecticut, Delaware, Georgia, Hawaii, Idaho, Illinois, Kansas, Minnesota, Mississippi, Montana, Nevada, New Hampshire, New Jersey, North Dakota, Ohio, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, Washington, West Virginia, Wisconsin, Wyoming.
Privacy & Security
ClearOne Advantage is a reputable company with accreditations and an A+ rating from the BBB.
Their privacy policy states that they share information you provide for business use as well as for marketing purposes—affiliates and non-affiliates.
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.
Phone Support
(888) 340-4697
Mon - Fri
8:00 AM - 11:00 PM
Sat - Sun
9:00 AM - 7:00 PM
Email Support
support@ClearOneAdvantage...
Social Media
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.
FAQ
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
ClearOne Advantage is trustworthy as a legitimate debt settlement company. It is accredited by the American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA).
The total savings will vary by person, but ClearOne claims that the average savings are 50% of the total owed, before fees.
ClearOne Advantage Disclaimer
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer’s finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guarantees or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
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.
8.4
LS SCORE
7.6
CREDIBILITY
8.0
SUPPORT
8.0
ACCESSIBILITY
Opening Hours
Mon - Fri
8:00 AM - 11:00 PM
Sat - Sun
9:00 AM - 7:00 PM
Email Support
support@ClearOneAdvantage.c...
Social Media
Live Chat
Visit site