ClearOne Advantage Review
ClearOne Advantage is a leading debt resolution provider. Since it was founded in 2007, the company has helped people get debt-free with personalized plans. To this end, ClearOne Advantage says it can help cut what you currently owe creditors. As stated on its website, those who enroll in a plan make one monthly payment that’s usually 40% less than what creditors presently require of them.
Since Americans owe about $1 trillion in revolving debt, you’re far from alone if you’re struggling to manage debt. ClearOne Advantage may be a good solution for putting your debt behind you. The company has helped more than 140,000 people resolve credit card bills and other unsecured debt. So, it has a great deal of experience that can be helpful when getting you through the process.
Let’s take a closer look at ClearOne Advantage in order to help you better understand everything it offers.
Pros and Cons of ClearOne Advantage
- 100% satisfaction and savings guarantee
- No-commitment debt analysis
- Debt resolution options for couples
- Access to educational resources
- A+ rating with the Better Business Bureau
- Doesn’t work with debt under $10,000
- Doesn’t offer consolidation loans
What Does ClearOne Advantage Offer?
ClearOne Advantage offers debt resolution plans designed to help people get debt-free. To do so, the company’s dedicated team is there to support at every stage of the process. Additionally, ClearOne Advantage provides education resources to supplement this support. Another key point to highlight is that there aren’t any upfront fees.
Another key service ClearOne Advantage offers is the ability for couples to combine their debt into one plan. So, ClearOne Advantage is a compelling option for legally recognized couples. If you and your spouse are both struggling with debt, ClearOne Advantage sets itself apart in this respect.
What Types of Debt Does ClearOne Advantage Handle?
ClearOne Advantage accepts clients struggling with many different types of consumer debt, including:
- Credit cards
- Personal loans
- Payday loans
- Accounts that have passed over to collection agencies
In order to qualify for ClearOne Advantage’s services, you must be seeking to resolve a total debt load of at least $10,000. So, for example, if you have $4,000 in credit card debt, $2,000 in payday loan debt, and $5,000 in personal loan debt, your total debt of $11,000 would be eligible.
How Does the Debt Consolidation Process Work?
Unlike some debt management companies, ClearOne Advantage doesn’t directly provide consolidation loans or even recommend them as a first step. Instead, it leverages a strong network of internal personal finance experts to work with your creditors to reach an agreement.
The ClearOne Advantage process begins with a Free Savings Estimate on the company’s website. Then, one of the personal finance experts will reach out for a detailed, one-on-one consultation. In this consultation, the expert will assess your debt and devise a plan.
Once your plan’s in place, you’ll make regular payments into a dedicated account. Making these easy, set payments is all you need to focus on. ClearOne Advantage will take care of everything else.
You should bear in mind that the company’s debt resolution strategies may temporarily harm your credit rating. But in the long run, these techniques protect your long-term financial health. So, many consider the short-term credit score knock worth it.
What To Expect on the Site
To get started, you’ll want to complete the Free Savings Estimate on the ClearOne Advantage website. The company uses this form to get basic but crucial information. Questions include:
- Has your financial situation recently changed?
- Are you experiencing any hardships?
- How much debt do you have?
- What’s your name, phone number, and email address?
There are no upfront fees to worry about. Instead, ClearOne Advantage only gets paid if your debt problem gets resolved for less than you owed when the process began. Even then, the company offers a limited savings guarantee. This guarantee refunds fees if you don’t actually save money on your debt. Additionally, payment amounts vary from one client to the next and depend on your actual savings.
What People Are Saying About ClearOne Advantage
ClearOne Advantage has strong customer satisfaction ratings. For instance, ClearOne Advantage has an excellent rating on Trustpilot. As of April 2021, it has a rating of 4.8 out of 5 stars based on more than 6,000 customer reviews:
- 87% of customer reviews give it 5 out of 5 stars
- 96% of customer reviews give it at least 4 out of 5 stars
ClearOne Advantage’s A+ Better Business Bureau rating is another way to illustrate the company’s reputation. Additionally, it holds voluntary membership in the American Fair Credit Council and the United States Organization of Bankruptcy Alternatives.
The Bottom Line
So, is ClearOne Advantage right for you? If you’re struggling with more than $10,000 in unsecured debt, it may be a great solution. ClearOne Advantage has a strong track record dating back to 2007, a time when record numbers of consumers were struggling with credit card debt. The company has a well-earned reputation for helping people take control and get debt-free.
For these reasons, ClearOne Advantage is certainly worth a look as you consider top debt consolidation providers.