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Clear One Advantage In-Depth Review
In a nutshell: ClearOne Advantage is a full-service debt consolidation company that has over 10 years of experience.
Clear One Advantage In-Depth Review
In a nutshell: ClearOne Advantage is a full-service debt consolidation company that has over 10 years of experience.
Clear One Advantage In-Depth Review
In a nutshell: ClearOne Advantage is a full-service debt consolidation company that has over 10 years of experience.
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Overview

ClearOne Advantage is a full-service debt consolidation company that has over 10 years of experience helping those struggling with debt. Based in Baltimore, the company works helps its clients consolidate and pay off debt quickly and smoothly, creating a sensible plan that will allow them to become debt-free sooner.

Types of Deb Covered

The amount that you owe and where you’re located are both important in determining if you qualify for ClearOne. To qualify, you must live in one of the 22 states that they service and your debt needs to exceed $15,000. Their rates can range from around 20% to 25% of your total debt amount.

Application Process

ClearOne’s application process isn’t complicated. Start out by entering the total amount of debt that you owe and the type of debt that it is. Next, you enter details about yourself that may include your name, email address, home address, and the last four digits of your SSN. Your credit score will not be affected and trying the process is absolutely free. You will be contacted by a ClearOne debt specialist who will help you through the process after you’ve submitted all of your information.

Debt Services

ClearOne helps those with debts of $15,000 or more by providing personalized debt consolidation services. Their debt specialists can handle many types of debt, including credit card debt, medical debt, and collection debt.

Customer Support

ClearOne’s customer support has an excellent reputation and for good reason. The support team consists of hand-picked debt advisors with financial backgrounds who help clients navigate the complicated debt consolidation process.

You can easily reach a ClearOne representative by phone or by email. The phone lines are open Monday to Friday from 7:00 AM - 11:00 PM (EST) and Saturday to Sunday from 8:00 AM - 11:00 PM (EST). If you are outside of these hours you can also send an email and expect a swift response.

Another way ClearOne is helpful in the customer service department is with their resource center which includes FAQs, information about upcoming seminars, and even an education center that has educational articles. These resources can help you learn more about ClearOne’s program and debt solutions in general. With a financial decision this impactful, it’s good to know that ClearOne is there to educate you and help you through the process. With ClearOne, you won’t be navigating the debt consolidation process alone.

prosAndCons icon
Pros
  • Individualized plans
  • No upfront fees
  • Free savings estimate
prosAndCons icon
Cons
  • Not available in all states
  • Services can be costly
ClearOne Advantage at a Glance
8.2Editorial Score
Application process
8.0
Process is efficient, documentation requirements are reasonable, may require more detailed financial information
Customer support
9.0
Phone and chat support, Monday through Friday from 9:00 am to 8:00 pm EST, and Saturday from 9:00 am to 6:00 pm EST, email support
Eligibility criteria
9.0
No credit score requirement, no strict income requirement, operates in almost all states
Customer rewards
8.0
No upfront fees, 90-day money-back guarantee
Financial tools and resources
7.0
Debt relief and settlement, some educational resources available
FAQs About Debt Consolidation Loans
Looking to improve your financial well-being and consolidate your debt? In addition to comparing the top debt consolidation loan lenders, we've compiled some of the most commonly asked questions about debt consolidation loans.
What is a Debt Consolidation Loan?
Debt consolidation loans refer to a financial tool that allows borrowers to combine multiple high-interest debts into a single loan with a fixed interest rate and a structured repayment term. This can help simplify repayment, provide a more predictable monthly payment, and offer a clearer path to managing debt.
Some borrowers may qualify for a lower interest rate, which could reduce overall costs and help them pay off their debt faster. However, approval, interest rates, and loan terms vary based on factors such as credit history, income, and lender requirements.
How Do Debt Consolidation Loans Work?
Those looking to consolidate debt typically take out a debt consolidation loan, which is a fixed-rate personal loan used to pay off multiple debts. The loan provides a lump sum, which is then used to pay off existing balances, leaving the borrower with a single monthly payment. The repayment schedule is structured over a set term, making payments more predictable.
Does a Debt Consolidation Loan Affect Credit?
A debt consolidation loan can impact credit in different ways. Making timely payments can help improve credit by demonstrating responsible repayment behavior and reducing overall credit utilization.
However, credit scores may initially dip due to the hard credit inquiry required when applying for the loan. Additionally, failing to make payments on time or accumulating new debt after consolidating could negatively impact credit.
What is the Best Debt Consolidation Loan Option?
The best debt consolidation loan for you will depend on several factors, including:
  • • The amount of debt you need to consolidate
  • • Your credit history and financial profile
  • • Loan terms, interest rates, and fees offered by different lenders

Borrowers should carefully compare lenders, interest rates, fees, and repayment terms before choosing a loan. Our comparison chart and ender reviews mayhelp you find a debt consolidation loan that fits your financial situation.
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