Debt Relief

ClearOne Advantage Reviews: What You Need To Know

ClearOne Advantage is a prominent debt relief company that provides debt settlement services for individuals struggling with high unsecured debt. Since 2007, ClearOne Advantage has helped over 140,000 clients reduce and restructure their debt with customized solutions. With positive ratings from customer review platforms like Trustpilot, Better Business Bureau, and Google Reviews, ClearOne Advantage has garnered attention as a trustworthy option for debt settlement. However, when it comes to making a big financial decision like finding a good debt relief company, it is necessary to check all the reviews, right?

Looking for a reputable company to assist you? CuraDebt can help you with your debts! Take our free consultation now to have control over your finances

What Is ClearOne Advantage?

ClearOne Advantage offers a debt settlement approach, where it negotiates with creditors on behalf of clients to potentially reduce their debt. Their program typically requires clients to accumulate funds in a designated account, which are then used to settle debts with creditors. ClearOne’s services are aimed at those with at least $10,000 in unsecured debt and may work well for individuals who are experiencing financial hardship and seeking an alternative to bankruptcy.

How Does ClearOne Advantage Work?

ClearOne Advantage follows a systematic approach to help clients manage their debt. Here’s a step-by-step breakdown of their service:

  1. Free Consultation: ClearOne Advantage provides a no-obligation consultation where potential clients can discuss their financial situation with a certified debt specialist. During this call, the debt specialist explains how ClearOne’s program works and assesses if it’s a suitable solution for the client.

  1. Debt Evaluation and Planning: After enrollment, ClearOne sets up an individualized debt reduction plan. They typically require clients to stop making payments to creditors and instead contribute monthly to a dedicated account, where funds accumulate for future negotiations.

  1. Negotiation with Creditors: ClearOne’s negotiators work with creditors to reach a reduced lump-sum payment, potentially lowering the total debt amount owed.

  1. Completion and Fees: ClearOne’s fee is based on the total debt amount and typically only applies after a settlement is successfully negotiated.

If you’re considering debt relief options, ClearOne Advantage might be a good fit if you’re inclined toward debt settlement rather than consolidation. ClearOne specializes in debt settlement, which may be beneficial if your goal is to pay a reduced amount of the overall debt rather than consolidate with new loans.

Debt Settlement Vs. Debt Consolidation

If you’re reading this, it’s because you’re interested in getting rid of your debts, but what is really the best option for you? Let’s explore what debt settlement and debt consolidation are all about!

  • Debt Settlement: In debt settlement, a company negotiates with creditors to reduce the total debt amount, aiming for a one-time payment that is lower than the original debt. This is ClearOne Advantage’s specialty and can help reduce the overall debt if creditors agree to settle for a lower payment.

  • Debt Consolidation: With debt consolidation, multiple debts are combined into a single loan with new repayment terms, often with lower interest rates. Debt consolidation simplifies multiple payments into one but may not reduce the total debt owed.

If you want to know which option is best for you, we highly recommend taking our free consultation so that our experts can guide you on your path to financial freedom. In addition, in either case, CuraDebt can provide you with solutions!

ClearOne Advantage Reviews

Customer reviews for ClearOne Advantage reveal varied experiences across platforms. Here’s a summary of some reviews from different sources:

Trustpilot

ClearOne Advantage holds an impressive rating of 4.7 out of 5 on Trustpilot. Many customers praise the company for its supportive customer service and the effectiveness of its debt settlement process. Let’s take a closer look!

Positive review: “Don was amazing and made the whole process seem flawless. When I hung up I felt a great weight lift off of my shoulders.”

Positive review: “Very pleased with the experience.”

Negative review: “The amount they ask for initially will change, which makes budgeting nearly impossible. They keep asking for more money.”

Better Business Bureau (BBB)

ClearOne Advantage has good rating from the BBB, with a customer review average of 4.01 out of 5. Customers often note the company’s efficient support team, but some common complaints include miscommunications.

Positive review: “I was really impressed by the amount of knowledge that was shared. So nice and patient as I had several questions and concerns.”

Positive review: “I was relieved when I had such a true professional listen to all my questions, ramblings, and life story.”

Negative review:I signed up with them in Nov. 2023. As of August of 2024 this company had done nothing for me except take my payments.

Google Reviews

On Google, ClearOne Advantage holds a 4.4-star rating. Here’s a closer look at customer feedback

Positive review: “My overall experience with Clear Advantage has been a positive one.”

Positive review: “This company was very helpful with setting up a payment plan to help get my debt resolved.”

Negative review: “I’ve been with this company for 10 months. I only got two settlements since then, and now they’re last/past due on those accounts. They bait and switch you by asking to pay much more on top of the amount that you’re already paying per month without a sufficient explanation why.”

More Experiences From Reddit

On Reddit you can find all kinds of conversations and experiences, including debt relief. Let’s see what some people have to say about this company.

Here, we find an example of a negative customer experience. However, it’s important to remember that many negative experiences may stem from misunderstandings.

This user raises a common issue seen in reviews; another user clarifies that creditors aren’t required to accept negotiations.

CuraDebt Reviews

CuraDebt also has a strong track record of client satisfaction, providing both debt relief and tax resolution services. Our customers frequently praise us for our attentive service, personalized debt relief solutions, and our knowledgeable team of specialists who are committed to guiding clients through challenging financial circumstances.

Conclusion: Is This Company The Right Choice?

ClearOne Advantage is a well-established company with strong reviews and a successful history of debt settlement. Its commitment to client support, availability of a free consultation, and a fee structure based on savings make it a worthwhile option for those seeking debt relief. However, as with any debt relief decision, it’s essential to research thoroughly and understand the commitment involved.

If you’re ready to explore debt relief options, consider scheduling a free consultation with CuraDebt today and start your journey toward financial freedom.

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