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ClearOne Advantage

in Debt Settlement Companies from ClearOne Advantage LLC

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ClearOne Advantage

Unaffiliated

in Debt Settlement Companies from ClearOne Advantage LLC

Net Recommendation Score +100%

SUPERMONEY NET RECOMMENDATION SCORE

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Highlights
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% of Debt Fee Starting at 25%
Minimum Debt Owed $10,000

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.
  • AFCC member. ClearOne Advantage is a member of the debt settlement industry's key trade association -- the American Fair Credit Council (AFCC). However, its debt resolution specialists are not accredited by the International Association of Professional Debt Arbitrators (IAPDA).
  • Well-established firm. ClearOne Advantage has been in business for 13 years.
  • Types of debt settled. ClearOne Advantage will only settle unsecured debts. These include credit card accounts, personal loans, payday loans, and medical bills.
  • 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 allows users to track the progress of their settlement online. It also provides customer support seven days a week.
ClearOne Advantage Pros & Cons
Pros Cons
  • No monthly consultancy fee
  • AFCC member
  • Does not have IAPDA accredited debt specialists
  • Debt relief services only available in 22 states
  • Only considers clients with a minimum debt balance of $10,000
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, personal loans and medical debt

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 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 {partent busines} for more details on their guarantee.

What is the minimum debt ClearOne Advantage will consider?

ClearOne Advantage will only consider customers with unsecured debt of $10,000 or more. Customers with less than $10,000 of unsecured debt may benefit from a debt consolidation loan or credit counseling services.

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 an accredited AFCC member.
  • ClearOne Advantage is not an IAPDA member.
ClearOne Advantage Disclosure: If you are not fully satisfied regarding any aspect of your settlement program and notify us within 30-days of signing this Agreement, you will be entitled to receive all funds in your account plus a full refund of all settlement fees paid to ClearOne Advantage, LLC and your program will be terminated. If you should withdraw and terminate from the program after the 30 day period, you are entitled to all funds in your accounts, minus any fees that ClearOne had already earned from successful settlements that you have approved. If you do not realize a savings upon your first settlement (i.e. if the sum of the settlement payment plus our fees is not less than the enrolled balance of the settled account), upon your request within seven (7) days from the date of settlement, you will be entitled to a full refund of all settlement fees paid to ClearOne Advantage, LLC for that settlement and your program will be terminated.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   1501 South Clinton Street Suite 320
    Baltimore, MD 21224
  •   Visit Site

Hours of Operation

Eastern Time
  • Sunday 8:00am - 11:00pm
  • Monday 7:00am - 11:00pm
  • Tuesday 7:00am - 11:00pm
  • Wednesday 7:00am - 11:00pm
  • Thursday 7:00am - 11:00pm
  • Friday 7:00am - 11:00pm
  • Saturday 8:00am - 11:00pm

About ClearOne Advantage

Availability

  Available in 22 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Washington, DC
  • Florida
  • Indiana
  • Iowa
  • Louisiana
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Missouri
  • Nebraska
  • New Mexico
  • New York
  • North Carolina
  • Oklahoma
  • Pennsylvania
  • Texas
  • Virginia

Feature Breakdown

Money Back Guarantee  
Monthly Fee $0
% of Debt Fee Starting at 25%
Debt Type Unsecured Debt
Minimum Debt Owed $10,000
Program Length 24 - 48
AFCC Member  
Contingency Model  
In-House Servicing  

ClearOne Advantage Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+100%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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