4.8 of 5starsRead Reviews
ClearOne is full service debt relief provider that specializes in helping people with a serious amount of credit card and other unsecured debt. They have a proven track record with an A+ rating with the Better Business Bureau. ClearOne’s solution is a debt relief plan that is sometimes referred to as debt resolution or debt settlement. The plan is designed to resolve your debt in the shortest amount of time possible while saving you the most amount of money. It’s important that you understand that their solution is not a loan. ClearOne’s goal is to get you out of debt, not add to your debt. And best of all, there are no up front fees and your free savings estimate will not impact your credit rating.
Don't fall into their trap!
Don't fall for it.
This company, and any other credit settlement company, is part of a parasitic system that preys on consumer fear and ignorance. If you find yourself in debt, stop making payments, tear up scary notice letters (which is, by the way, the same thing that COA will ask you to do once you enroll) and start saving as much money as you can.
Their process is to wait until accounts are charged off, so they can "negotiate" with collections agencies. It behooves COA to get a high amount settlement so their 25% fee is higher for each account. Their contract states that as soon as you make even a SINGLE payment on that settlement, their service and accompanying fee has been rendered in full. No refunds, see ya later, don't let the door hit you on your way out.
The negotiation process that they charge THOUSANDS for is the same process you would do for yourself, by sending a registered Debt Validation letter to your creditors. The forms for these letters can be found on the internet, and advice for this process can be found on red***.com* Search for "Debt Validation Letter" and go from there. The process will cost you the consumer $5 for registered mail plus the cost of paper and ink. Often these days, credit collections agencies that have bought your debt for pennies on the dollar will contact YOU offering settlements, because they want even just a slight return on their investment. The original creditor has already written off the loss for their taxes.
Long story short,STAY FAR FAR AWAY, save your money, and do this yourself. You can handle this problem on your own without the predatory sales agents of this parasitic company coercing you into signing away years of your income to pay exorbitant fees for something that is essentially free to you.
Patience and will recommend
The application procedure is simple and requirements for credit card consolidation is simpler than other financial institutions. Credit score is not affected by the application process and the representation is very patience is explaining every questions that I have.
ClearOne saved us
We have been in debt for a long time and trying our hardest to pay it all back on our own but we started feeling like we were drowning. And started having to chose between food for our family of 4 or paying a bill. We began researching all of our options, talking to Ray about clear1advantage helped us make up our mind to do debt settlement with them. He made the start process very easy for us and was very clear about what the program was! He was very transparent and we greatly appreciate his honesty and help. If I could rate the help I have received I would give them more than 5 stars if I could!