ClearOne Advantage

ClearOne Advantage Review

ClearOne Advantage is a debt settlement company based in Baltimore, MD. It offers debt relief services to borrowers in 22 states (and Washington, DC). Founded in 2007, it is a well-established company that has been in business for over 10 years.

Key Takeaways

• Minimum debt balance of $10,000. ClearOne Advantage only considers clients who have at least $10,000 in debt. This is a typical requirement for most debt settlement companies.
• Performance-based fees. ClearOne Advantage bases its fees on how much you save when a settlement is accepted and not on the total debt enrolled like most debt settlement firms do.
• Not accredited by the AFCC or the IAPDA. ClearOne Advantage is not a member of the American Fair Credit Council (AFCC), which is the major trade association for the debt settlement industry. Furthermore, it does not invest in the accreditation of its debt resolution specialists by the International Association of Professional Debt Arbitrators (IAPDA) either.
• Well-established firm. ClearOne Advantage has been in business for 16 years.
• Types of debt settled. ClearOne Advantage will only settle unsecured debts. These include credit card accounts, personal loans, and payday loans.
• Only available in some states. ClearOne Advantage is only available in 22 states.
• Offers in-house debt relief services. Some debt settlement companies act as intermediaries for larger firms. This company uses its own staff to handle debt settlement accounts.
• Customer service availability. ClearOne Advantage LLC allows users to track the progress of their settlement online. It also provides customer support seven days a week.

ClearOne Advantage Pros & Cons

ClearOne Advantage FAQ

What does ClearOne Advantage do?

ClearOne Advantage offers debt relief services for the following types of debt:

• Unsecured debt, such as credit card debt and personal loans.

What does ClearOne Advantage charge?

ClearOne Advantage operates on a contingency fee basis. Companies operating under a contingency fee model charge fees that are based upon a percentage of the debt at the time the consumer enrolled; occasionally they are based on a percentage of the savings negotiated by the debt-settlement company. Across the industry in general, debt settlement clients typically see a 45% to 60% reduction of their enrolled debt.

ClearOne Advantage charges fees that range from 25% of the enrolled debt up to 30% of the enrolled debt, depending on the amount of enrolled debt provided.

Debt relief service pricing / costs can vary greatly from one client to another so it's best to speak to ClearOne Advantage directly to determine an accurate quote.

Does ClearOne Advantage offer a guarantee?

Yes, ClearOne Advantage does advertise a money back guarantee. Money back guarantees in the debt settlement industry typically state you won't be charged any fees until your debts are settled. However, charging upfront fees is illegal in the debt settlement industry anyway. Check with ClearOne Advantage LLC for more details on their guarantee.

What is the minimum debt ClearOne Advantage will consider?

Does ClearOne Advantage perform its own servicing in-house?

Yes, ClearOne Advantage employs its own in-house servicing staff who manage the process and negotiate settlements on behalf of their customers.

What accreditations does ClearOne Advantage have?

The two main trade associations in the debt relief services space are the American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA).

• ClearOne Advantage is not an accredited AFCC member.
• ClearOne Advantage is not an IAPDA member.

Is ClearOne Advantage LLC a legit company?

ClearOne Advantage LLC was founded in 2007, it is a well-established company that has been in business for 16 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.