ClearOne Advantage is a debt relief company that offers personalized debt relief programs to help consumers become debt-free. The company does not charge any upfront fees and offers a free consultation to assess each individual’s financial situation.
- 25th best financial firm, USA (INC Magazine)
- Minimum Debt $10,000
- No Minimum Credit Score
- $3 billion+ debt resolved
- BBB A+ Rating
- Minimum Debt $7,500
- No Minimum Credit Score
- $500 million debt resolved
ClearOne Advantage pricing and fees are based on the amount of debt enrolled in their program, and they charge a percentage of the total enrolled debt. The fees typically range from 18% to 25% of the total enrolled debt, depending on the state and the individual’s specific program.
ClearOne Advantage is transparent about its pricing and fees, and they do not charge any hidden fees or penalties. Overall, ClearOne Advantage’s pricing and fees are competitive and reasonable for the services they offer.
ClearOne Advantage offers debt settlement services to help consumers reduce their debt and become debt-free. The company charges a fee for its services, which is typically a percentage of the total amount of debt enrolled in the program. ClearOne Advantage’s fees vary depending on the amount of debt, the length of the program, and other factors.
The company also charges a monthly maintenance fee, which covers the cost of managing the account and negotiating with creditors on the consumer’s behalf. ClearOne Advantage is transparent about its pricing and fees, and it provides consumers with a clear understanding of the costs associated with its debt settlement services. The company does not charge any upfront fees or hidden costs, and it only charges fees for services that have been provided.
ClearOne Advantage pricing and fees summary
ClearOne Advantage provides debt relief solutions to individuals and households struggling with difficult financial circumstances caused by overwhelming debt.
- The company offers a no-cost consultation to assist customers in identifying the most suitable debt relief alternatives, and costs are incurred only after a resolution is reached.
- ClearOne Advantage usually applies a fee that’s a percentage of the overall debt balance, usually varying between 18% and 25%.
- The percentage may differ based on one’s specific situation, however, the company aims to offer top-notch service at minimal fees.
For the most part, ClearOne Advantage offers a fee system that is both fair and easy to understand, enabling its customers to achieve financial freedom.
How do debt settlement companies work?
Debt settlement companies work by negotiating with creditors on behalf of their clients who are struggling with debt.
- Typically, these corporations demand their customers to halt their monthly payments towards their debts and rather make monthly remittances into a different account that is handled by the debt settlement enterprise.
- When a sufficient amount of funds has been gathered in the account, the business will engage in discussions with the debtor to agree on a one-time payment.
- The objective of the negotiation is to reach an agreement to pay a reduced amount of the outstanding debt.
- The services provided by the debt settlement company come with a charge that is usually a portion of the money saved from the settlement.
Final Thoughts:
Overall, ClearOne Advantage’s pricing and fees are competitive and reasonable, and the company offers a valuable service to consumers struggling with debt.
The transparency on their pricing and fees allows clients to understand the cost of the service upfront, and the company’s commitment to helping clients achieve financial freedom is evident in their willingness to work with clients to find a payment plan that fits their budget. Overall, ClearOne Advantage’s pricing and fee structure make them a reliable choice for those seeking debt relief services.
FAQs
What fees do ClearOne Advantage charge?
ClearOne Advantage charges a performance-based fee that ranges from 18% to 25% of the total amount of debt enrolled.
Does ClearOne Advantage charge any upfront fees?
No, ClearOne Advantage does not charge any upfront fees or consultation fees.
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Are there any cancellation fees?
No, ClearOne Advantage does not charge any cancellation fees.
Is there a minimum debt requirement to enroll with ClearOne Advantage?
Yes, the minimum debt requirement to enroll with ClearOne Advantage is $10,000.
Will ClearOne Advantage negotiate with all my creditors?
ClearOne Advantage will negotiate with most creditors, but it cannot guarantee that it will be able to negotiate with all of them.
Can I pause or stop my debt settlement program with ClearOne Advantage?
Yes, you can pause or stop your debt settlement program with ClearOne Advantage at any time without any penalty.
Will ClearOne Advantage provide me with a payment plan that I can afford?
Yes, ClearOne Advantage will work with you to create a payment plan that fits your budget.
How long does the debt settlement program with ClearOne Advantage take?
The length of the debt settlement program with ClearOne Advantage can vary depending on the amount of debt, the number of creditors, and your ability to make payments.
Can I settle my debts on my own without using ClearOne Advantage?
Yes, you can settle your debts on your own, but it can be difficult and time-consuming, and you may not get the best settlement offers.
Will ClearOne Advantage help me rebuild my credit after the debt settlement program is over?
Yes, ClearOne Advantage offers credit counseling and education to help you rebuild your credit after the debt settlement program is over.
Glossary
- ClearOne Advantage: A debt settlement company that helps consumers negotiate and settle their debts with creditors.
- Debt settlement: The process of negotiating with creditors to lower the amount owed on a debt.
- Debt relief: A general term for any program or service that helps consumers manage or eliminate their debts.
- Creditors: The individuals or businesses to whom a debt is owed.
- Debt-to-income ratio: A calculation that compares a person’s total debt payments to their income.
- Settlement amount: The amount agreed upon between a consumer and creditor to settle a debt.
- Monthly program fee: The fee charged by ClearOne Advantage to manage a consumer’s debt settlement program.
- Enrollment fee: The fee charged by ClearOne Advantage to enroll in their debt settlement program.
- Creditor fees: Any fees charged by a creditor as part of the debt settlement process.
- Minimum debt requirement: The minimum amount of debt a consumer must have to qualify for ClearOne Advantage’s debt settlement program.
- Interest rate: The percentage of a loan or debt that is charged as interest.
- Late fees: Fees charged by creditors for late or missed payments.
- Collection calls: Calls made by creditors or debt collectors to collect on a debt.
- Debt consolidation: The process of combining multiple debts into one loan or payment.
- Credit score: A number that represents a person’s creditworthiness based on their credit history.
- Consumer credit counseling: A program or service that helps consumers manage their debts and improve their credit.
- Debt management plan: A plan created by a consumer credit counseling agency to help a consumer pay off their debts.
- Bankruptcy: A legal process in which a person’s debts are discharged or reorganized.
- Debt validation: The process of verifying the accuracy and legitimacy of a debt.
- Statute of limitations: The amount of time a creditor has to sue a consumer for an unpaid debt.
- Debt Settlement Companies: These are organizations that work on behalf of individuals who owe money to creditors, negotiating with them to settle debts for less than the full amount owed.
- American Fair Credit Council (AFCC): Is an organization that provides guidance and support to debt settlement companies to ensure that they operate ethically and transparently, while also advocating for consumers who are struggling with debt.
- Professional Debt Arbitrators: They are individuals or companies that specialize in negotiating debt settlements on behalf of their clients with creditors.
- Unsecured Debts: These refer to debts that are not backed by any collateral or asset.
- Credit Card Debt: This refers to the amount of money owed to a credit card company by an individual who has used the credit card to make purchases or withdraw cash advances, but has not fully paid off the balance.
- Debt Settlement Industry: This refers to businesses or organizations that negotiate with creditors on behalf of individuals or businesses to reduce the amount of debt owed.
