Seeking debt relief and wondering whether ClearOne Advantage is a good choice? Look no further. In this article, we’ll review the company, its debt relief services, its reviews and ratings and we’ll break down their services and costs as well when it comes to debt settlement, debt consolidation, credit counselling and other similar services they may offer.
Quick reality check before you read on: settlement is just one of several ways out of debt, and it is not the right one for everyone. Our free quiz compares settlement, consolidation, credit counseling and bankruptcy against your actual numbers.
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What is ClearOne Advantage?
ClearOne Advantage is an American debt relief company specializing in debt settlement services. Founded in 2008 and headquartered in Baltimore, Maryland, ClearOne Advantage has helped thousands of clients reduce their unsecured debts through negotiation with creditors. The company offers customized debt relief programs designed to help individuals regain financial stability without resorting to bankruptcy.
- Headquarters: Baltimore, Maryland
- States Covered: Available in 48 states. Not available in Illinois or Oregon
- Founded in: 2008
- Website: www.clearoneadvantage.com
- Phone: 1-888-340-4697
👍 Pros of ClearOne Advantage
- No upfront fees – you basically pay only when debts are settled
- Free consultation with customized relief plan
- Online portal to track progress 24/7
- Highly rated across BBB, Google, Trustpilot
- Member of AADR and IAPDA certified
- Dedicated customer support team
👎Cons of ClearOne Advantage
- Only available in select U.S. states
- May negatively impact your credit score short-term
- Does not assist with secured debt (e.g. mortgages, car loans) like many other debt settlement companies.
- No services for IRS/tax debt (CuraDebt may be better for tax debt.)
- Not all creditors may agree to settlements
ClearOne Advantage Application Process
- Free Consultation: Speak with a debt specialist to evaluate your situation
- Enrollment: If you qualify, you’ll be enrolled in a tailored debt settlement plan
- Build Savings: Start making monthly deposits into your settlement account
- Negotiation Phase: ClearOne negotiates with creditors to reduce total debt
- Debt Settlement: Pay reduced balances as settlements are reached
- Graduation: Once all debts are settled, you complete the program
This process typically spans 24 to 48 months, depending on your balance and savings rate.
Services Offered by ClearOne
- Free Debt Analysis
- Debt Settlement & Negotiation
- Customized Debt Reduction Plans
- Financial Education & Budgeting Support
- Upfront Fees (Performance-Based Fees)
- Dedicated Client Portal for Account Management
Minimum Requirements:
- Minimum Debt: $10,000 in unsecured debt (fees run 18–29% of enrolled debt plus a $17 monthly account fee, and programs average 24–51 months)
- Income Minimum: No strict requirement, but must demonstrate the ability to make monthly program payments
Check Your Eligibility with ClearOne →
Who Should Consider ClearOne Advantage?
ClearOne Advantage is best suited for:
- Individuals with $10,000 or more in unsecured debt such as credit cards and some loans.
- Those struggling to make minimum payments
- People seeking an alternative to bankruptcy
- Clients looking for hands-on guidance and a modern digital experience
- Consumers in qualifying U.S. states with moderate to strong income
ClearOne may not be ideal for:
- Consumers with secured debt like mortgages or auto loans
- Individuals needing tax debt or federal student loan help
- Those unwilling to take a short-term hit to their credit score
ClearOne Advantage Ratings & Reviews:
ClearOne Advantage has built a strong reputation for its transparency, customer service, and ability to help clients settle their debts. Here’s how they are rated across major platforms:
- BBB Rating: A+ (Accredited Business)
- BBB Reviews: 4.72/5 Stars (Over 1,500 Reviews)
- Trustpilot: 4.8/5 Stars (Over 3,000 Reviews)
- Google Reviews: 4.6/5 Stars
- Consumer Affairs: 4.7/5 Stars
- Investopedia Rating: 4.1/5 Stars
- Accreditations: Member of the American Association for Debt Resolution (AADR), Certified by the International Association of Professional Debt Arbitrators (IAPDA)
ClearOne Advantage VS Others
Here is a brief overview of how this company compares with other popular competitors in the debt settlement space…
| Company | Avg. Rating | Fees | Min. Debt | BBB Rating |
|---|---|---|---|---|
| ClearOne Advantage | 4.37 / 5 | 18% – 29% | $10,000 | A+ |
| New Era Debt Solutions | 4.9 / 5 | 14% – 23% | $10,000 | A+ |
| TurboDebt | 4.9 / 5 | 15% – 25% | $10,000 | A+ |
| Freedom Debt Relief | 4.59 / 5 | 15% – 25% | $10,000 | A+ |
| Pacific Debt Relief | 4.85 / 5 | 15% – 35% | $10,000 | A+ |
Key Features & Benefits:
1. Free Consultation & Customized Plan
ClearOne Advantage provides a free initial consultation to assess your financial situation and determine if you qualify for their debt relief program. Each plan is tailored to the client’s financial needs, ensuring a manageable path toward debt resolution.
2. No Upfront Fees
Unlike some competitors, ClearOne Advantage does not charge upfront fees. Instead, their fee structure is performance-based, meaning they only charge a percentage of the settled debt once a negotiation is successfully completed.
3. Debt Reduction Through Negotiation
The company negotiates with creditors to reduce the total amount owed. Many customers have reported savings of 40% to 60% on their original debt balances before fees.
4. Online Client Portal
ClearOne Advantage offers an online portal where clients can monitor their progress, track payments, and communicate with their dedicated support team.
5. Strong Customer Support
With a team of debt specialists available via phone, email, and chat, ClearOne Advantage ensures clients receive guidance throughout the entire settlement process.
Limitations & Considerations:
While ClearOne Advantage has many benefits, it’s essential to be aware of potential downsides:
- Debt settlement can negatively impact your credit score because creditors may report missed payments before settlements are reached.
- Not all creditors agree to settlements, which means some debts may still need to be repaid in full.
- State restrictions apply, and the service is not available in all U.S. states.
Customer Support Review:
ClearOne Advantage has received positive feedback for its customer service and transparency. Many clients praise the company for providing clear information about the settlement process and offering responsive support.
Here’s what a customer named Mark had to say about his experience:
“ClearOne Advantage helped me settle my credit card debts when I was drowning in payments. Their team was transparent, and I saved almost 50% on my total debt. The online portal made tracking everything easy. Highly recommend!”
Frequently Asked Questions (FAQ)
1. What types of debt does ClearOne Advantage handle? ClearOne Advantage specializes in unsecured debt, including credit card debt, personal loans, medical bills, and some private student loans. They do not handle secured debts like mortgages or auto loans. They don’t help with IRS or tax debt either.
2. How does ClearOne Advantage’s debt settlement process work? Clients enroll in a customized debt settlement program where they make monthly deposits into a special account. Once enough funds are accumulated, ClearOne negotiates with creditors to reduce the total debt amount. The process typically takes 24-48 months.
3. Are there any upfront fees? No. ClearOne Advantage follows a performance-based fee structure, meaning they only charge fees after successfully negotiating a debt settlement.
4. Will using ClearOne Advantage affect my credit score? Yes, debt settlement can impact your credit score. Since you stop making payments to creditors during negotiations, your credit score may drop. However, successfully settling debts can help you avoid more severe financial consequences like bankruptcy.
5. How long does the debt settlement process take? The process generally takes between 24 and 48 months, depending on the amount of debt and the client’s ability to make payments into the settlement account.
6. Is ClearOne Advantage available in all U.S. states? No, ClearOne Advantage is not available in all states. Check their website to see if they operate in your state.
7. Does ClearOne Advantage offer tax debt relief? No, ClearOne Advantage specializes in unsecured debt relief and does not offer services for IRS tax debt.
8. What qualifications do I need to enroll in ClearOne Advantage’s program? To qualify, clients generally need at least $10,000 in unsecured debt and must demonstrate a financial hardship that prevents them from repaying debts in full.
9. What should I expect during the free consultation? During the consultation, a debt specialist will review your financial situation and discuss potential savings, risks, fees, and timelines for debt relief.
10. How do I get started with ClearOne Advantage? Visit www.clearoneadvantage.com or call 1-888-340-4697 to schedule a free consultation.
Final Thoughts: Is ClearOne Advantage Right for You?
ClearOne Advantage is a legitimate and highly-rated debt settlement company that offers customized relief programs with no upfront fees. While debt settlement may impact your credit score, ClearOne Advantage has a strong track record of helping clients reduce their overall debt burden.
If you’re struggling with unsecured debt and considering settlement, ClearOne Advantage is worth exploring.
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Still weighing your options? Two minutes with our quiz beats an hour on the phone with a salesperson. It compares settlement, consolidation, counseling and bankruptcy against your real numbers, then points you to detailed reviews like this one. Or browse every debt relief option we cover.
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ClearOne Advantage FAQ
Is ClearOne Advantage legit?
Yes. ClearOne Advantage has been in business since 2008, holds an A+ BBB rating with accreditation, and is a member of the Association for Consumer Debt Relief. Legit does not automatically mean right for you though, so compare fees and alternatives first.
How much does ClearOne Advantage charge?
Settlement fees run 18% to 29% of your enrolled debt, which sits at the higher end of the industry, plus a $17 monthly account maintenance fee. You only pay the settlement fee after a debt is actually settled.
What is the minimum debt for ClearOne Advantage?
You need at least $10,000 in unsecured debt (credit cards, personal loans, private student loans). Most enrolled clients carry $15,000 to $30,000.
Will ClearOne Advantage hurt my credit?
Yes, at least during the program. Settlement means you stop paying creditors while savings build, so expect late marks and score damage that can linger up to seven years. That trade-off is the price of settling for less than you owe.
What states does ClearOne Advantage serve?
ClearOne operates in 48 states. It is not available in Illinois or Oregon. If you are in one of those states, use our quiz or rankings to find companies that can enroll you.
Amine is an entrepreneur, investor and financial writer that covers the US economy, inflation, alternative investments, cryptocurrencies and more. He has been involved in the space for over a decade.
