This review compares ClearOne Advantage vs Lendvia to help you decide which company is the best option for your needs, whether you are looking for a personal loan or to repay your debts.
- BBB A+ Rating & Accredited
- $300 Million Debt Settled
- $8,000 Minimum Debt
What is ClearOne Advantage?
ClearOne Advantage is a Maryland-based debt relief company that has been helping people get out of debt since 2007. They are accredited by the Better Business Bureau and have an A+ rating. Their personalized debt settlement services can help you get back on track financially.
Debt can be a real struggle, but there is help available. ClearOne Advantage is a company that specializes in debt relief, and they have helped thousands of people resolve their credit card bills and other unsecured debts since 2007. They don’t charge any upfront fees, so it’s definitely worth considering them as an option.
ClearOne Advantage works directly with its customers to create a debt relief plan that is personalized to their specific needs and budget. They can help you negotiate with your creditors to lower the final payment amount that’s more comfortable for you.
Debt consolidation is not for everyone, but it can be a great way to become financially stable. With ClearOne’s plans, you can often lower your monthly payments and have more cash on hand. Their program typically lasts three to four years, during which time you will pay off your enrolled debts.
How does ClearOne Advantage work?
There’s no need to struggle with debt any longer. ClearOne Advantage can help you by working with creditors to reach a settlement agreement. This will make it easier to pay off what you owe and can often save you money in the long run. So don’t hesitate to contact them and see how they can help you get out of debt and start fresh.
ClearOne Advantage is a great way to get out of debt without any upfront costs. All you need is a minimum debt of $10,000 and they will work with you to settle your debts within 24 to 60 months.
How do I get started?
There’s no need to feel overwhelmed by debt. ClearOne Advantage can help you get a handle on your finances with a few simple steps. By visiting their website and choosing the “Get started now” option, you can view an estimated debt plan tailored specifically for you. All you need to do is enter some basic information like your unsecured debt amount, ZIP code, and email address. Then, you’ll be prompted to enter your full name and phone number. Once you’re finished, you’ll have a better understanding of how to get out of debt and onto a path to financial freedom.
After you provide your personal and financial information, they will review your credit file and current debts to give you an estimate of your monthly payments and terms. One of their representatives will then contact you by phone to give you a quote for a settlement plan, which will only take around 20 minutes.
What happens after you sign up?
Starting a debt settlement can be a difficult process, but ClearOne Advantage is here to help you every step of the way. They will walk you through the entire process so that you know what to expect.
There’s no need to keep racking up debt on your credit cards. Once you sign up with ClearOne Advantage, we’ll help you get your debt under control and start fresh. All you need to do is make regular deposits into a designated bank account. And in case you miss a payment, don’t worry – we’ll still be able to settle your debts successfully.
How much can you save with ClearOne Advantage?
There are a lot of options out there for people struggling with debt. ClearOne Advantage is one such option that could help you get back on track. They claim that their customers save an average of 50% on their obligations before fees, which is a pretty significant saving. Your exact savings would depend on the amount of debt you have and your creditors’ willingness to negotiate. So, if you’re considering using their services, be sure to do your research first to make the best decision for your financial situation.
Is ClearOne Advantage legit?
There are many companies that offer debt settlement services, but not all of them are legitimate. ClearOne Advantage is one company that you can trust. It is accredited by the American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA), which means that it meets certain standards. In addition, its privacy policy outlines the information it collects and shares with affiliates, and its website is encrypted to keep your information secure.
What are the pros and cons of using ClearOne Advantage?
Pros
- Highly Rated by customers
- A+ Rating with Better Business Bureau
- Gets rid of harassing debt collectors
- BBB Accredited Company
- Accredited by AFCC and IADPA
Cons
- You can only settle unsecured loans
- Not available in all 50 states
Lendvia Review: What You Should Know
You may wonder why you’ve been pre-selected to receive a Hardship Recovery Loan. Maybe you need some extra financial assistance, or maybe you’re just curious about the offer.
After doing some research, it seems that Lendvia Financial is a legitimate company and not a scam. This is even though they don’t have a file with the Better Business Bureau (BBB) or the American Fair Credit Council (AFCC).
Lendvia Summary
Lendvia Financial is a company that helps people get loans by matching them with lenders. They offer debt consolidation and installment loans through their network of lending partners. They advertise their services through LendviaFinancial.com, where people can apply.
They are based in Sherman Oaks, California, and their main focus is to match people with a lender that can give them a loan.
Some key aspects of Lendvia
This company reaches out to potential customers through personalized mail offers. You may have received a letter in the mail that was tailored specifically for you and said something like this:
FINANCIAL RELIEF FOR AFFECTED FAMILIES.
You have been exclusively selected for a Lendvia Financial Hardship Recovery Loan of up to $21,862 with interest rates as low as 4.99%.
This offer sparked our interest, so we decided to research if it was as good as it seemed. Here’s what we learned.
- Interest rate: Their lending partners offer fixed rates between 4.99% APR and 34.99%.
- Loan amount: They advertise loans from $5,000 to $100,000.
- Approval: Although they can assist you in choosing the right lender for you, they cannot guarantee you will get approved.
- Repayment terms: They will typically range from 1 year to 5 years.
- Your information: Since they are not lenders, when you apply for a loan you consent to your information being shared with third-party providers in their network.
What is Lendvia?
Lendvia is a loan matching service that connects consumers with lending partners that originate debt consolidation loans. They are not lenders themselves, but their “Loan Coaches” can help borrowers choose between loan options and provide guidance throughout the process.
Lendvia advertises itself through its website as a financial wellness company that helps its customers get back on track by mapping out a strategy for them. Lendvia has been in business since 2019 and is located at 15303 Ventura Blvd. Suite 1190, Sherman Oaks, CA 91403. It can be contacted through [email protected] or by calling 888-699-3080.
Lendvia does not have a Better Business Bureau file or a Trustpilot page where customers can read reviews and testimonies of previous experiences with the company.
How does Lendvia work?
Lendvia offers access to unsecured installment loans. Here’s how Lendvia works:
1. Application process with a “Loan Coach”
You can consult with their Loan Coaches, free of charge and without any obligations, to help you complete the application process. This process includes providing your personal information, detailing how much debt you have, sharing your credit score, and letting them know whether you are behind on any payments.
By submitting your information, you agree that their lending partners may contact you by phone, text, or email using any of the contact information you provide now or in the future. This includes any dialing system, prerecorded voice messages, or automatic dialing device.
2. Choosing a lender from their network
Once you have completed the application process, your information will be sent to Lendvia’s lending partners to find a loan that suits your needs.
3. Reviewing your loan terms
Before you sign any documents or begin the loan process, be sure to review your terms, verify your information, and read the fine print carefully. This will help ensure that everything goes smoothly and avoid any potential problems down the road.
Lendvia Consumer Reviews
Lendvia does not have a file with the Better Business Bureau (BBB) or the American Fair Credit Council (AFCC).
Lendvia does not have Google, Trustpilot, or Yelp reviews either.
How much does Lendvia charge?
Lendvia does not explicitly disclose how much its services cost.
There is an origination fee associated with taking out a loan. This fee is a small percentage of the total loan amount and is deducted from the loan amount when you first take out the loan. It covers the costs of creating, managing, and servicing your loan. There are no other hidden fees, like application fees, prepayment penalties, or annual fees. All terms and fees will be disclosed to you before you accept any offer.
What interest rates and terms do they offer?
Lendvia is a lending platform that offers fixed interest rates ranging from 4.99% APR to 34.99% APR.
Lendvia offers loans of $5,000 to $100,000 for 1 to 5 years. Customers can use the Lendvia website to apply for a loan and receive a quick decision.
How much money can I save?
Debt consolidation can save you money on interest payments and lower your monthly payment, depending on how much debt you have. Consolidating your debts can be a great way to save money, especially if you have a lot of debt. Even with less debt, you can still benefit from consolidating your debts.
How to qualify for Lendvia
Utilization ratio
The credit utilization ratio is a key factor in determining one’s credit score. This ratio is calculated by taking the total outstanding balances and dividing them by the credit limits. For example, assume an individual has two credit cards with $1,000 limits, and they owe $500 on one and $250 on the other; in this case, their credit utilization ratio would be 37.5%.
When considering your financial history, the amount of debt relative to your available borrowing capacity (your “debt utilization ratio”) is significant to creditors. A low debt utilization ratio suggests that you are good at managing your money and keeping your balance under control. In contrast, a high ratio indicates that you may have difficulty paying your debts.
Debt-to-income ratio
Your DTI is a key factor in your financial well-being. This ratio compares the amount you spend on debts each month to your monthly income. A high DTI means you might live paycheck to paycheck and have trouble covering all your expenses. It’s crucial to stay on top of your debts and have room in your budget for other things.
Income history
For your application to be approved, you will need a dependable source of income that can be verified. The company would ideally like evidence that you have been gainfully employed for at least one or two years.
Credit score
Lenders often take credit scores into account when making decisions about loans. A high FICO score indicates to lenders that you’re a low-risk borrower, which could lead to more favorable loan terms.
Other requirements
To complete the process, you will need to provide some additional information. This may include:
- Your photo ID or a color copy, such as your passport, driver’s license, or state-issued ID.
- Your two most recent pay stubs to prove your income. For self-employed people, your most recent year’s 1040 tax documents will be required.
- Your most recent bank statements.
Does Lendvia affect my credit score?
Different lenders have different ways of assessing a borrower’s creditworthiness. Still, most will look at the three leading credit reporting agencies – TransUnion, Experian, and Equifax – as well as other sources of consumer information.
Lendvia offers loans without impacting your credit score. However, some lenders may do a hard pull on your credit when you apply with them, which could affect your FICO score.
Lendvia BBB Rating
Are you looking for the Lendvia BBB Rating? Unfortunately, Lendvia does not have a Better Business Bureau (BBB) rating.
The BBB is an independent organization that evaluates businesses’ trustworthiness and reliability. A business must meet specific criteria to receive a BBB rating, including having been in business for at least one year and having no unresolved customer complaints or issues. While Lendvia may meet these criteria, it has not yet applied for accreditation from the BBB and therefore does not have a rating.
How does Lendvia use my personal information?
Lendvia connects borrowers with a network of lenders to find the best match for their needs. Customers must consent to share their personal and contact information with these lenders to use Lendvia’s services.
Once you consent, you may receive calls, emails, or text messages from different companies in their network of lenders, with the option to opt-out if you wish to.
Do I have to close my credit cards?
Lendvia Financial requires you to close some of your credit cards. You get to decide which debts you want to pay off and close and which cards you may still need for everyday expenses.
Is Lendvia legit?
Is Lendvia legit? Although Lendviafinancial.com appears to be a legitimate company, we could not find many reviews or accreditations attesting to their business practices. This makes it difficult to get a complete picture of the company.
We always recommend our customers do their research and read reviews before making any decisions. Being informed makes you confident that you will make the best choice possible for your unique situation.
Thank you for reading!
