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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

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.

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Pros
  • Individualized plans
  • No upfront fees
  • Free savings estimate
Cons
  • Not available in all states
  • Services can be costly
FAQs About Debt Consolidation Loans
Looking to improve your financial well-being and consolidate your debt? In addition to comparing the top debt consolidation lenders, we've compiled some of the most commonly asked questions about debt consolidation.
What is debt consolidation?
Debt consolidation refers to a financial strategy that combines high-interest debts into a single, lower-interest monthly payment. Consolidation loans have fixed terms and fixed interest rates, so you can take control of your debt, know exactly when you will be debt-free, and pay off your debt faster.
How does debt consolidation work?
Those looking to consolidate debt usually have two different options. A 0% interest, balance-transfer credit card involves transferring debts onto the card and paying the balance in full during a promotional period. Another type of debt consolidation provides a fixed-rate personal loan in which borrowers use the money from the loan to pay off debts before paying back the loan in installments according to new terms.
Does debt consolidation affect credit?
Debt consolidation can help improve credit if it helps someone make payments on time while also reducing the amount of money owed on different accounts. However, credit can suffer if the person continues to run up credit card balances again or miss payments.
What is the best debt consolidation solution?
The best debt consolidation lender for you will depend on several factors, including the amount of debt, type of debt (s), financial history, and what type of terms you are looking for. Those looking for a quality debt consolidation loan should consider these factors and review the different options using our comparison and in-depth reviews.
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