Choosing the right debt consolidation company for your situation is crucial, whether you need a personal loan or want to settle your debt. This article compares ClearOne Advantage vs LendingTree to help you make an informed choice.

ClearOne Advantage Summary

Is your debt load significant? ClearOne Advantage may be able to assist you. Since its founding in 2008, ClearOne Advantage has assisted thousands of customers with paying off their enrolled debt. ClearOne Advantage has received significant media attention recently, but is this an ideal business opportunity for you?

Here are some of the most notable items discovered after carefully reviewing their website and terms and conditions.

According to the Better Business Bureau, the company has an A+ rating and a 9 out of 10 customer satisfaction rating.
Their services are free until your debt consolidation loans are repaid.
You will receive a cost-efficient monthly payment schedule.
Up to 50% can be saved for clients who stick with the plan and finish their responsibilities over 24 to 60 months.
Over $3 billion in debt has been successfully repaid by the business.
Self-service client portals are available 24 hours a day, 7 days a week.
Their website provides debt help, budgeting tools, and information.
Consumer Debt Relief Initiative (CDRI) participant
The debt settlement industry holds the best reputation.
The Awarded Customer Loyalty Group ClearOne Advantage does not accept fully paid secured debts.

What Is ClearOne Advantage?

ClearOne Advantage is a well-known debt settlement company that has helped thousands of clients since 2008 with their credit card bills and other unsecured obligations.

There are no out-of-pocket expenses. ClearOne Advantage works with you to create a debt management strategy that fits your budget. So that you can pay back a reasonable amount of your expenses comfortably, their debt counselors will negotiate lower final payment amounts with your creditors.

The company is based in Baltimore, Maryland, and can be reached at [email protected] or 888-340-4697.

How Does ClearOne Advantage Work?

It may be hard to reduce debt, but ClearOne analyzes its debt and calculates its savings first. You can talk to a Certified Debt Specialist from their Customer Loyalty Group about developing a repayment plan that fits within your budget. It usually just takes a few minutes, whether it’s online or over the phone.

Since no two situations are the same, your debt reduction study will tell you exactly what ClearOne can do for you.

What Happens After You Sign Up?

Upon enrollment in their debt settlement program, you will be required to make monthly payments to creditors from an FDIC-guaranteed bank account that may be as much as 40% less than what you currently pay.

As soon as your cash balance increases, ClearOne Advantage will negotiate with your creditors. You might get back control of your finances, improve your financial situation, get a debt consolidation loan faster, and save money.

How To Qualify For ClearOne Advantage Offers

In terms of debt reduction, everyone has a different approach. Some people prefer to pay debt settlement companies instead of filing for bankruptcy or taking credit restoration classes. Debt settlement is an adaptable method used in a variety of situations.

Having a debt settlement plan means you’re going to set aside money for a one-time, lump-sum payment. The software should run for three years if you set aside 1.5% of your total debt every month. So if you have $30,000 in unsecured debt, you’ll be able to save $450 per month.

ClearOne Advantage BBB

With a BBB accreditation since 2014 and an A+ rating, ClearOne Advantage has established itself as a well-known company in the industry. With an average of 472 client reviews and almost no adverse ones, ClearOne Advantage is a business you can trust.

The following are just a few of the glowing reviews that ClearOne Advantage has received:

Ruthie J 07/09/2022

I’m satisfied with the debt settlement process, and payouts are all they said they would be, and they have saved us quite a few dollars… our credit took a big hit, but they told us it would. I haven’t had problems other than miscommunication, and I hope we don’t. My only problem is communication… I need to know what’s going on promptly.

Tammy J. 04/16/2022

This is a great company. They are all accommodating and understanding!!!

Kimberly V. 03/01/2022

AMAZING customer service. I was at a loss for what to do about my financial situation, and I found this service. I recommend this company to everyone and look forward to being debt-free.

Tara R 02/04/2022

I waited a couple of months to leave this review because I needed to make sure everything was going to play out as it was explained to me, and I wanted others to know how legit this process was. So now that I’ve waited, I have to say that Armani was great to work with. He was professional, kind, and reassuring. I have never felt such a sigh of relief. I can live without the horrible stress I have been dealing with. I only wish that I had done this sooner. Now I can get on with my life and make better choices regarding any credit. Thank you!!

ClearOne Advantage FAQs

How Much Can You Save With ClearOne Advantage?

As a result of ClearOne Advantage, you might be able to get back on track with your monthly payments and save an average of 50% on your obligations before fees. The amount of savings you can expect would depend on the amount of debt you have and the willingness of your creditors to negotiate.

How Much Does ClearOne Advantage Charge?

In addition to not imposing any hidden fees when you work with ClearOne Advantage, a leading debt settlement company, you only pay their fee once a settlement has been reached and approved. In addition, they will only be paid if you make at least one of your monthly payments toward the settlement. Since every situation is different, their fees and costs vary accordingly.

How Does ClearOne Advantage Affect Your Credit?

In the case that you settle a credit card debt for less than what you owe, it will appear on your credit report as a black mark. This can have serious consequences if you need to borrow again in the future since lenders often look at credit scores and past monthly payments when making lending decisions.

How To Cancel ClearOne Advantage

It can be a great option to talk with a debt settlement consultant about how to get out of debt, but it is important to know your rights and options before signing any contracts. You can easily get out of a debt settlement contract by requesting it in writing from the company.

You may be experiencing financial difficulties. Here are some suggestions.

Staying on track is easy with a set budget.
Consider contacting a financial expert who can guide you through your options and help you develop a strategy tailored to your needs.
Finally, if you find yourself in debt, try not to worry so much about it. Many businesses will work with their customers to create a more manageable payment schedule. To learn more, contact their customer service department.

LendingTree Review

In 1997, LendingTree was founded with the sole purpose of making loan research easier for borrowers. It’s the best choice for debt consolidation loans, business loans, and personal loans. One of the top online loan markets is LendingTree because you can compare offers from multiple lenders at once.

LendingTree Loan Fast Facts

Loan Amounts: $1,000 to $50,000

APR: 3.99% to 35.99%

Minimum Credit Score: 629

Personal loans, secured and unsecured
Loan repayment terms vary by lender
A direct lender or a marketplace
Lender turn-around time varies
An easy way to compare loans

Lending Tree Pros & Cons

Pros

To qualify, most lenders require only one application
Loans up to $50,000
Loans are yours to use.
Trustpilot and BBB rating excellent
Excellent client service

Cons

This is not a direct lender, so rates may vary.
Credit needed to be outstanding
There are a lot of calls and emails from its network partners.

LendingTree Cost Of Loan

LendingTree offers personal loans with average interest rates ranging from 3.99%-35.99%. However, only those with outstanding credit will be eligible for the lower rates. Additional fees may apply.

Lending Tree Qualification

Before you can join LendingTree, you must meet the following requirements:

US citizen/permanent resident
You must be at least 18 years old.
Authentic bank account
Proof of income

To apply for a LendingTree loan, you will also need the following information:

Identity card
Paystubs from recent paydays
Address proof
629 or higher FICO score

Once you’ve met all the requirements, you can begin using LendingTree:

Click Go to LendingTree to launch the form.
Determine the purpose and amount of your loan.
Send your contact information and financials.
Select the option to apply with a co-borrower. If so, enter their details.
Enter your Social Security number and click See Your Results to submit your application.

You will be presented with at least five alternatives that meet the credit score and loan amount standards once you have been authorized, which usually takes a few minutes. When you have selected an option, you will contact the lender directly to complete your application.