ClearOne Advantage is a debt settlement company that has resolved over $1 billion in debt (credit card, medical, and other unsecured debts). The company’s services are backed with a 90-day, 100% service guarantee. While ClearOne Advantage may only charge 20% of the total debt you enroll, fees may reach 25%.
Industry Size and Experience
ClearOne Advantage is a large company of nearly 200 people (this is a large number of employees for a debt settlement company). The company executives have years of entrepreneurial and financial experience.
In addition to years of experience, ClearOne Advantage is certified with all major national debt relief organizations: the IAPDA and the AFCC.
ClearOne Advantage offers a 90-day, 100% money-back guarantee if you are not happy with their services. Also, if you do not save any money with your first settlement, you can get a refund of all the settlement fees you paid. This is one of the best money-back guarantees in the industry.
Positive ClearOne Advantage Reviews
The most common compliment we see for ClearOne Advantage is in their customer service. People who have called into ClearOne Advantage for debt relief and worked with them say the company staff is knowledgable and friendly, which really helped put them at ease.
Not Available in Most States
The biggest downside to ClearOne Advantage is that their service is only available in 22/50 U.S. states: AK, AL, AR, AZ, CA, FL, IA, IN, KY, LA, MA, MD, MI, MO, NE, NC, NM, NY, OK, PA, TX, VA.
Potentially High Prices
While ClearOne Advantage may only charge 20% of the total debt you owe, charges may reach 25%, slightly higher than other relief companies. If you can find a debt settlement company that charges closer to 21%, we would recommend working with them.
ClearOne Advantage Complaints
Negative reviews of ClearOne Advantage are difficult to find, but some former clients say the company uses uncomfortable negotiation tactics and has high fees.
High Minimum Debt Requirement
To work with ClearOne Advantage, you must be in debt at least $10,000. This is slightly higher than other debt settlement companies.
Address: 1501 S. Clinton Street Suite 320, Baltimore, MD 21224
Business Hours: Monday – Thursday from 10AM to 7PM EST; Friday 10AM to 5PM EST
How Much Does ClearOne Advantage Debt Relief Cost?
Pricing is generally between 20-25% of amount owed. It may vary a bit depending on your specific situation. If you’re interested in learning more, you can contact them for a free consultation.
Are There Any Up-Front Fees?
This company does not charge up-front fees at point of signup.
Can I Get A Free Consultation?
You may submit your information on the homepage of the company website to request a free quote from a debt settlement consultant. You can also call to begin the consultation process where you have the opportunity to assess your financial situation with a professional to determine if you qualify for the ClearOne Advantage program.
Does ClearOne Advantage Offer A Money-Back Guarantee?
This company offers a 100% Satisfaction Limited Guarantee, stating if for any reason clients are not happy with the results of their program within 90 days of signing an agreement, they will be entitled to full refund of all fees paid to ClearOne Advantage. Because they use a 3rd party trust account, not all fees may be reimbursed. Typically, Global Client Solutions charges around $9.75 a month to use their services. In short, all money paid to ClearOne Advantage will be reimbursed, less the GCS fees.
What Types of Debt Does ClearOne Advantage Work With?
They accept many unsecured debts such credit card debt, overdue medical bills, and retail debt. Some debts such as car loans may be accepted if they have already been turned over to collections. A debt specialist can help you determine if your particular type of debt can be accepted into the program.
Time in Business
8 Years. ClearOne Advantage started business on July 1, 2007.
This company is accredited by the BBB and is given an A+ rating as of February 2015. They have closed 11 complaints in the last 3 years, most of which were regarding problems with the product or service.
The company website has an education page dedicated to providing useful information regarding home refinancing, consumer credit counseling, bankruptcy, and the downfalls of paying minimum monthly payments. In addition, there are tools such as articles, settlement letters and a FAQ page for potential customers. Customers can also utilize the Knowledge Base which displays answers to a variety of questions asked by customers. This feature also allows you to ask a specific question if desired.
There is also an informational blog that explains the benefits of hiring a debt settlement company. It also covers certain characteristics to look for when determining which company is right for you. There are also tips for establishing good financial habits which allows customers to remain debt-free after the debt settlement process is complete.
Their site is not mobile responsive as of June 2014. The website is fully functional on mobile devices and appears to run without error, but the text is hard to read without zooming in. The Live Chat feature is still operational and easy to use. Although some links are dysfunctional on the website, this is true for both mobile and desktop users. However, the layout of the website is more easily accessible on large-screen mobile device such as a tablet. The text is small and somewhat hard to read on a smartphone screen.
Their goal is to assist in developing a debt resolution plan that is both cost and time-efficient. Qualifiers for the Debt Settlement Program are usually people who are struggling to keep up with monthly payments due to financial hardship such as unemployment or injury. Once you have been accepted into the program, a global trust fund is set up in your name. You will be able to determine an affordable monthly payment which is sent to this trust fund for safe keeping while you accumulate adequate funds to settle a particular debt.
Upon enrollment, they will begin negotiating with creditors to obtain settlements for less than the full balance originally owed. If the company manages to negotiate a more favorable settlement or if you have accumulated enough funds to pay off a certain debt, money will be taken from the trust fund with your approval. This process is repeated until the program is complete. According to the website, the average program length is typically 2-3 years before the customer is able to pay off all enrolled debts.
Minimum Debt Accepted
You must have at least $10,000 of unsecured debt to qualify for relief help.
Yes, they have a clear member log in area on their home page. Clients can log in with a protected password to view documents for the program, review account progress, and keep up to date on what is happening.
Yes, they do have accreditations with the AFCC and IAPDA.
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