ClearOne Advantage

ClearOne Advantage: debt settlement with a single monthly payment

ClearOne Advantage, LLC is a debt settlement company that has been operating since 2008 and presents itself as a partner for people with credit card debt and other unsecured obligations. Its approach focuses on replacing multiple minimum payments with a single monthly payment tailored to the client's budget, while a team of specialists negotiates with creditors to reduce the amount owed.

The company is not a lender, loan broker, creditor, credit services organization, or debt collector. It also does not assume or pay debts, nor does it receive, hold, or control consumer funds, nor does it offer legal, accounting, tax, or bankruptcy advice. Its service is limited to negotiating settlements with creditors.

How the program works

The process begins with a conversation in which a certified debt specialist reviews the client's situation and presents the available options. If debt settlement is a good fit, a personalized plan is designed based on the budget and goals. Once enrolled, the client makes a single monthly payment to the program instead of managing multiple bills. As funds accumulate, the company negotiates with creditors to resolve the enrolled debts, keeping the client informed at every stage.

ClearOne Advantage does not charge upfront fees: according to its disclosures, no fee is paid until a settlement has been reached, the client approves it, and at least one payment has been made toward it. The company states that many clients may be able to resolve enrolled debts for significantly less than the full balance and that, in some cases, savings can be as much as 50%. The program is not available in all states and third-party fees may apply.

Services and resources

The company offers a personalized savings estimate and a free consultation. Its informational resources include guides on how to get credit card debt relief, how settlement options work, how to pay off $30,000 in credit card debt, and materials on debt relief for personal loans, veterans, small businesses, and by state. It also publishes a blog and an FAQ section.

ClearOne Advantage presents itself as an accredited member of the Association for Consumer Debt Relief (ACDR) and holds an A+ rating from BBB. On Trustpilot, it has a score of 4.8 based on more than 10,000 reviews. The company states that it does not discriminate on the basis of race, color, religion, sex, marital status, national origin, or ancestry.

Legal warnings and considerations

The company warns that using debt settlement services may negatively affect the consumer's credit score, expose them to collections or lawsuits by creditors or collectors, and increase the amount owed due to the accumulation of interest and fees. ClearOne Advantage makes no claims about improving credit scores. It is registered with the DFPI under the CCFPL with number 01-CCFPL-1269219-3478532 and holds C.P.D. registration No. T.S. 12-03822.

Presence and community commitment

ClearOne Advantage has offices in Tempe, Arizona, and Baltimore, Maryland. The company supports organizations such as The House of Ruth, which provides shelter to victims of domestic violence, the Baltimore chapter of Junior Achievement, the American Cancer Society, the National Multiple Sclerosis Society, and Special Olympics. Its ClearOne Advantage CARES program reflects the commitment to extending its impact to the communities where it operates.