Although there are numerous lenders to select from, it is important to conduct extensive research before choosing one. For your complete assurance that you are selecting wisely, below is a comparison between ClearOne Advantage vs Monevo.
- 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 Review: Why Is It Among The Best Debt Consolidation Companies?
A debt relief company called ClearOne Advantage has been helping clients reduce their monthly payments and get rid of their unsecured debt. They have a track record of success and have helped many individuals get out of debt. Many services offered by ClearOne Advantage can be tailored to each client’s needs. In this ClearOne Advantage review, we’ll examine both their offerings and customer feedback.
Summary
Do you have trouble making your debt payments on time? Perhaps ClearOne Advantage can help. Thousands of people have benefited from the organization’s assistance in settling their enrolled debt since it began doing so in 2008. In recent years, ClearOne Advantage has attracted a lot of interest and positive reviews. But is this the right company for you?
Some unexpected information was discovered after a comprehensive review of their website and terms and conditions. Some of the more notable items are listed here.
- It has a Better Business Bureau rating of A+ and a client satisfaction rating of 9 out of 10.
- Until your enrolled debt is reduced and savings are realized, their services are offered without charge.
- A cost-effective monthly payment plan will be created just for you to help you save money.
- Over the course of 24 to 60 months, clients who are willing to stick with the program and pay off all of their debts can expect to save up to 50%.
- The company has a history of helping its clients successfully settle over $3 billion in debt.
- All of your account information is accessible through a self-service client portal that is open twenty-four hours a day, seven days a week.
- Their website offers information, budgeting tools, and comprehensive debt advice.
- Consumer Debt Relief Initiative (CDRI) member.
- Debt settlement has the best reputation in the sector.
- Award-winning Customer Loyalty Group
- In full paid secured debt backed by real estate is not accepted by ClearOne Advantage.
ClearOne Advantage: What Is It?
ClearOne Advantage could be able to help you if you’re having money problems. Since 2008, they have assisted thousands of people in paying off credit card debt and other unsecured obligations. They are a well-known debt relief company.
There are no uninsured costs. In collaboration with you, ClearOne Advantage creates a tailored debt relief plan that adheres to your financial constraints. Your creditors will be bargained with by their skilled debt counselors in order to lower final payment levels, allowing you to return a manageable fraction of your debts.
The company, which has its headquarters in Baltimore, Maryland, can be contacted by phone at 888-340-4697 or via email at [email protected].
How Does This Company Work?
It may not be as difficult as it seems to find debt relief. The first stages taken by ClearOne involve an estimate of savings and a review of debt. One of their Customer Loyalty Group’s Certified Debt Specialists will evaluate your case and work with you to develop an affordable repayment plan after evaluating it. It normally takes less than 20 minutes and can be done online or over the phone.
Your debt reduction analysis will be specific in describing what ClearOne can do for you and how much money you can save because no two situations are the same.
After You Sign Up, What Happens?
When you sign up for their program, you pay a lower monthly amount into a bank account in your name that is FDIC insured. This account will be used to make your monthly payments to creditors, which could be up to 40% less than what you are presently paying.
ClearOne Advantage will start negotiating with your creditors on your behalf as your fund balance rises. This strategy might assist you in getting back on track, enhancing your financial status, facilitating loan approval for a debt consolidation, and avoiding the requirement for additional debt relief services.
How To Qualify For ClearOne Advantage?
For varied people, various debt relief options are suitable. Others may find that making regular payments to a debt settlement company is more advantageous than filing for bankruptcy or using credit repair services, according to some people. Debt settlement is a flexible technique that can be used in a range of monetary circumstances.
See If You Qualify for Credit Card Relief
See how much you can save every month — plus get an estimate of time savings and total savings — with your very own personalized plan.
You must set aside funds as part of a debt settlement plan in order to make a one-time, lump-sum payment to settle your debt. You should be able to set aside 1.5% of your overall debt each month as a general rule. As a result, a person with $30,000 in unsecured debt ought to be able to consistently save $450 every month. This would provide a three-year run of the program.
ClearOne Advantage BBB Reviews
Since 2014, ClearOne Advantage has been acknowledged and has an A+ BBB rating. With an average of 472 client ratings and nearly no negative ones, they are a business you can trust.
Here are some reviews:
Ruthie J 07/09/2022
Tammy J. 04/16/2022
Kimberly V. 03/01/2022
Tara R 02/04/2022
FAQs
How Much Can You Save With This Company?
You may save an average of 50% on your responsibilities before fees with the aid of ClearOne Advantage and get your monthly payments back on track. Your savings would depend on how much debt you have and how amenable your creditors are to bargaining. Simply look at the client testimonials.
How Much Does It Charge?
When you work with ClearOne Advantage, a reputable debt settlement company, there are no unexpected costs. Once a settlement has been negotiated and accepted, you merely pay their fee. Additionally, they are only paid after you have made at least one of your regular monthly settlement payments. Because every situation is unique, their charges and fees vary from case to case.
How Do They Affect Your Credit?
Your credit record will reflect the fact that you settled a credit card debt for less than what you owed. Although lenders sometimes base their lending decisions on credit ratings and past monthly payments, this could cause issues if you ever need to borrow money again.
How To Cancel It?
One of the best ways to get out of debt is to speak with a debt settlement specialist, but before you sign any contracts, it’s crucial to understand your rights and options. By asking the corporation for a written termination from the debt settlement agreement, you can exit the agreement promptly.
Are you having trouble paying your bills? The following advice could possibly assist you in getting back on track.
- Setting and following a budget is a great method to stay on course.
- Another choice is to speak with a financial expert, who can walk you through your alternatives and help you create a plan that is customized to your particular situation.
- Last but not least, if you are already in debt, try not to worry too much. Many companies are prepared to work with clients to develop a more affordable payment schedule. Get in touch with their customer service division to learn more.
ClearOne Advantage: Is It Legit?
Excellent debt negotiation services and a reputable debt settlement program are both provided by ClearOne Advantage. The American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA) both recognize it as a member. Its privacy policy explains the data it gathers and shares with partners, and its website is encrypted to secure your information.
Additionally, anyone looking for a trustworthy business can consider ClearOne Advantage. The majority of their clients express satisfaction with their interactions with them, and they have been acknowledged since 2014 and have an A+ rating with the Better Business Bureau.
Monevo Review: Award-Winning Marketplace for Personal Loans
A personal lending platform called Monevo is situated in San Diego, California. It is the biggest platform and marketplace for personal loans in Europe. Monevo can offer low rates in a couple of minutes thanks to their vast lender network.
Fast Facts
Loan Amounts: $500 to $100,000
APR: 3.49% to 35.99%
Minimum Credit Score: None
- Loan type: Unsecured personal loans with fixed rates
- Payment conditions: 3 months to 7 years
- Marketplace or Direct lender: Marketplace
- Turnaround Time: Based on Lender
- Best For: Anybody seeking a loan with favorable terms
Monevo Pros & Cons
Pros
- There are several different loan amounts available.
- An easy online form
- The consumer’s credit score is unaffected by using Monevo’s online form.
- About their spouses, they are open and honest.
- The UK’s fastest-growing financial technology company was recognized with The Sunday Times Tech Track 100 in 2013 and The Queen’s Awards for Enterprise in Innovation in 2017.
Cons
- They only have a small list of loan partners.
- Lenders should contact you by phone and email frequently.
- Both manual and automatic underwriting are possible.
How Much Does Monevo Cost?
The cost, interest rate, penalties, and fees of the loan are ultimately determined by Monevo’s lending partners. To learn the exact cost of the loan, borrowers should speak with the lender directly. Monevo has stated that rates would range from 3.49% to 35.99%, depending on the lender’s credit conditions, due to the lending platform’s numerous lenders.
How To Qualify For Monevo
To sign up for Monevo, you must meet the following conditions:
- At least 18 years old
- A bank account is required.
- For citizenship or residence in the US, a credit score of at least 450 is necessary.
To apply for Monevo, you must also have access to the following data:
- Your annual income before taxes
- Your individual identifier numbers
- Your credit score
You can start using Monevo by following these steps once you’ve fulfilled all the requirements:
- Your credit score, loan amount, and loan purpose should be entered on the form.
- Include details such as your social security number, yearly income, and other data.
- Read the Monevo terms and conditions and accept them.
- Click “Get Your Results” to submit your form.
Once you submit the form, Monevo will use its network to find a suitable partner who can help you. You can apply for the service in one day and receive your cash within seven days if you choose to do so.
Monevo Reviews
The BBB gives Monevo an A+ rating.
Customers often give Monevo positive feedback. It has received the Gold Trusted Service Award from Feefo. On Feefo, it scored a respectable 4.5 out of 5 stars from 249 verified reviews. The main reason for Monevo’s negative reviews is that many customers were unable to get in touch with a lender or, in other cases, were matched with lenders but were unable to find a solution that suited their needs.
Monevo: Is It Legit?
- You should expect your lender to run a credit check, which will temporarily lower your credit score, even though Monevo has no affect on your credit. Remember that using Monevo to contact lenders won’t affect your credit score in any way.
- It is not a cause for alarm that Monevo might provide a related lender with the personal information you provided. Applying directly to a lender of your choice can be a good idea if this worries you.
- Not a lender, Monevo is an online marketplace for personal loans. Its goal is to help you identify the best lender for your needs, choose that lender, and compare loans.
- Your funds will be received quickly. It could take as little as one business day, but it could possibly take considerably longer, depending on the lender. If you are approved, money ought to be in your account in seven days.
- Your loan agreement will include information on any additional costs you might have to pay, and your lender will outline your Monevo repayments on a payback plan.
- Do not hesitate to contact Monevo and your lender if you have any questions.
- Located in the UK, Monevo has significant technology partners all over the world.
Summary
Pros
Cons
