ClearOne Advantage is a debt settlement company that was founded in 2008 and is based in Baltimore, Maryland. The company is dedicated to helping individuals and families who are struggling with unmanageable debt. ClearOne Advantage offers a range of debt relief services, including debt settlement, debt consolidation, and credit counseling. The company has helped thousands of clients reduce their debt and achieve financial freedom. ClearOne Advantage prides itdeself on providing personalized service and working closely with clients to develop a customized debt relief plan that meets their unique needs and goals. The company is committed to transparency and ethical business practices and has received numerous industry awards and accolades for its outstanding service.
- BBB A+ Rating & Accredited
- $300 Million Debt Settled
- $8,000 Minimum Debt
- 25th best financial firm, USA (INC Magazine)
- Minimum Debt $7,500
- $ 3 Billion Plus Debt Resolved
How to qualify for ClearOne Advantage
ClearOne Advantage is a debt settlement company that provides services to help individuals get out of debt.
- To qualify for ClearOne Advantage, an individual must have at least $10,000 in unsecured debt, such as credit card debt or medical bills.
- The company also requires that the individual has experienced a financial hardship, such as a job loss or a medical emergency, that has made it difficult to keep up with their debt payments.
ClearOne Advantage works with creditors to negotiate a settlement that is less than the amount owed, which can help individuals pay off their debt faster and at a lower cost. It is important to note that not everyone will qualify for ClearOne Advantage, and individuals should carefully consider all of their options before deciding on a debt settlement program.
How to apply for ClearOne Advantage’s debt settlement services
ClearOne Advantage is a debt settlement company that helps individuals who are struggling with unsecured debts. If you are interested in applying for their services, there are several steps you will need to follow:
- First, you will need to visit their website and fill out an online form with your personal and financial information.
- After submitting the form, a ClearOne representative will contact you to discuss your debt situation and determine if their services are a good fit for you.
- If you decide to move forward, you will need to provide documentation of your debts and income to ClearOne.
- They will then negotiate with your creditors to reach a settlement agreement on your behalf.
- Once a settlement is reached, you will make payments to ClearOne, who will distribute the funds to your creditors until your debts are paid off.
Overall, the process to apply for ClearOne Advantage is fairly straightforward and can be a great option for those struggling with debt.
FAQ
What is ClearOne Advantage’s debt settlement service?
ClearOne Advantage’s debt settlement service is a program that can help individuals settle their debt for less than the full amount owed.
How does ClearOne Advantage’s debt settlement service work?
ClearOne Advantage negotiates with creditors on behalf of their clients to reduce the total amount of debt owed. Clients make monthly payments into a dedicated account until enough funds have accumulated to settle the debts negotiated by ClearOne Advantage.
What types of debt can ClearOne Advantage help with?
ClearOne Advantage can help with unsecured debts such as credit card debt, medical bills, personal loans, and certain types of student loans.
How much does ClearOne Advantage’s debt settlement service cost?
ClearOne Advantage charges a fee for their debt settlement service, which is typically a percentage of the total debt enrolled in the program. The fee varies based on individual circumstances.
Will using ClearOne Advantage’s debt settlement service hurt my credit score?
Enrolling in ClearOne Advantage’s debt settlement service may have a negative impact on your credit score since you will be making late payments on your accounts. However, settling your debts may ultimately improve your credit score in the long run.
How long does ClearOne Advantage’s debt settlement service take?
The length of time it takes to complete ClearOne Advantage’s debt settlement program varies based on individual circumstances. However, most clients can expect to be enrolled in the program for 24-48 months.
Will I still receive collection calls while enrolled in ClearOne Advantage’s debt settlement program?
While enrolled in ClearOne Advantage’s debt settlement program, clients may still receive collection calls from creditors. However, ClearOne Advantage works to negotiate with creditors to reduce or stop collection efforts.
Can I continue to use my credit cards while enrolled in ClearOne Advantage’s debt settlement program?
No, clients are not allowed to use their credit cards while enrolled in ClearOne Advantage’s debt settlement plan. Doing so may result in termination of the program and additional fees.
Can I cancel ClearOne Advantage’s debt settlement program at any time?
Yes, clients can cancel ClearOne Advantage’s debt settlement program at any time. However, canceling before the program is complete may result in additional fees.
Will I still owe taxes on the amount of debt that is forgiven through ClearOne Advantage’s debt settlement program?
The amount of debt that is forgiven through ClearOne Advantage’s debt settlement program may be considered taxable income by the IRS. Clients should consult with a tax professional for guidance on their specific situation.
Glossary
- Debt Settlement: A process where a debtor negotiates with creditors to reduce the outstanding balance on their debt.
- ClearOne Advantage: A debt settlement company that offers debt relief services to people struggling with debt.
- Debt Relief: A process that offers relief from financial obligations, such as credit card debt, personal loan debt, and medical bills.
- Debt Negotiation: The process of negotiating with creditors to reduce the amount owed on a debt.
- Unsecured Debt: Debt that is not backed by collateral, such as credit card debt and medical bills.
- Secured Debt: Debt that is backed by collateral, such as a mortgage or car loan.
- Credit Counseling: A service that offers advice and guidance on how to manage debt and improve credit scores.
- Debt Management Plan: A repayment plan that consolidates debt and makes it easier to pay off.
- Credit Score: A numerical rating used by creditors to determine the creditworthiness of a borrower.
- Collection Agency: A company that collects debts on behalf of creditors.
- Debt Consolidation: The process of combining multiple debts into one loan with a lower interest rate.
- Interest Rate: The percentage of the loan amount charged by the lender as a fee for borrowing money.
- Principal Balance: The original amount of money borrowed, not including interest or fees.
- Default: When a borrower fails to repay a debt as agreed, resulting in negative consequences such as late fees and damage to credit scores.
- Settlement Agreement: Known in the debt settlement industry as a written agreement between a debtor and creditor outlining the terms of a debt settlement.
- Hardship Letter: A letter outlining the borrower’s current financial situation and explaining why they are unable to pay their debts.
- Statute of Limitations: The time limit for a creditor to file a lawsuit against a debtor to collect a debt.
- Bankruptcy: A legal process where a debtor’s assets are liquidated to pay off outstanding debts.
- Garnishment: A legal process where a creditor can collect a debt by taking money directly from a debtor’s paycheck or bank account.
- Discharge: A court order that eliminates a debtor’s obligation to repay certain debts, usually as a result of bankruptcy.
- Debt settlement companies: Debt settlement companies are businesses that negotiate with a person’s creditors to reduce the amount of debt owed, typically for a fee.