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The choice of lenders can be overwhelming, but it is critical to do thorough research before making your decision. Here is the comparison ClearOne Advantage vs Monevo to ensure that you are making the right selection.

ClearOne Advantage Review: Debt Relief With An Affordable Payment

ClearOne Advantage is a debt relief company that has assisted customers in reducing their monthly payments and reducing their unsecured debt. They have a proven track record of accomplishment and have assisted numerous people in becoming debt-free. ClearOne Advantage offers various services that can be customized to meet the specific needs of each client. In this ClearOne Advantage review, we will examine their services as well as their client testimonials.

ClearOne Advantage Overview

If you are experiencing difficulty keeping up with your debt payments, ClearOne Advantage may be able to assist. Since 2008, ClearOne Advantage has assisted consumers in resolving their enrolled debt and has successfully assisted thousands of people. Recently, ClearOne Advantage has received a great deal of attention and positive feedback. However, is this firm the best option for you?

Following an extensive investigation of their website and terms and conditions, some surprising findings were found.

  • The company has received an A+ rating from the Better Business Bureau and a client satisfaction rating of 9 out of 10.
  • There is no charge for their services until your enrolled debt has been reduced and savings have been realized.
  • Your monthly payment plan will be tailored to fit your budget so that you can save money.
  • Over the course of 24 to 60 months, clients who remain committed to the program and pay off all of their debts can expect to save up to 50%.
  • Over $3 billion in debt has been successfully settled for clients by the organization.
  • A self-service client portal provides access to all of your account information 24 hours a day, seven days a week.
  • There are tools for budgeting, articles, and comprehensive debt information on their website.
  • Participant in the Consumer Debt Relief Initiative (CDRI)
  • Among the most reputable debt settlement companies in the industry.
  • Customer Loyalty Group Award
  • There is no secured debt that has been paid in full and is backed by real estate that ClearOne Advantage accepts.
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ClearOne Advantage: What Is It?

It is possible that ClearOne Advantage can provide assistance if you are suffering from financial difficulties. This is a well-known debt relief company that has helped thousands of people pay off credit card bills and other unsecured debts since 2008.

There are no out-of-pocket expenses. ClearOne Advantage works with you to design a customized debt reduction strategy that fits your budget. To pay off your obligations in a manageable manner, their debt counselors will negotiate with your creditors to reduce final payment amounts.

The company, which is located in Baltimore, Maryland, can be reached by phone at 888-340-4697 or by email at [email protected]

How Does This Company Work?

It is not difficult to find debt relief, in spite of appearances. ClearOne’s initial steps include a debt analysis and a savings projection. To devise a cost-effective repayment scheme, a Customer Loyalty Group Certified Debt Specialist will assess your case and work with you. The process usually takes less than twenty minutes, and it can be conducted over the telephone or online.

As each situation is unique, your debt reduction analysis will provide you with an accurate assessment of what ClearOne can do for you and how much you can save.

What Happens After You Sign Up?

As part of their program, you pay a reduced monthly amount into an FDIC-insured bank account in your name. From this account, you make your monthly payments to creditors, which may be as much as 40% less than what you are currently paying.

As your fund balance grows, ClearOne Advantage will begin negotiating with your creditors on your behalf. With this approach, you may be able to get back on track, improve your financial situation, obtain a debt consolidation loan more easily, and avoid additional debt relief services.

How To Qualify For ClearOne Advantage?

ClearOne Advantage vs Monevo review

A variety of debt relief solutions are appropriate for different individuals. Some people may believe that filing for bankruptcy or utilizing credit restoration services is the best option, while others may benefit more from making regular payments to a debt settlement organization. In a variety of financial situations, debt settlement is an effective tool that may be utilized.

As part of a debt settlement plan, you must set aside money for a lump-sum payment to satisfy your debt. In general, you should set aside 1.5% of your total debt each month as a general guideline. As a result, an individual with $30k in unsecured debt should be able to save $450 a month on a regular basis. This would allow the program to run for three years.

ClearOne Advantage Reviews BBB

With almost no negative reviews and an average of 472 customer reviews, ClearOne Advantage has an A+ rating from the Better Business Bureau.

The following are a few reviews of ClearOne Advantage:

Ruthie J 07/09/2022

I’m satisfied with the debt settlement process, and payouts are all they said they would be, and they have saved us quite a few dollars… our credit took a big hit, but they told us it would. I haven’t had problems other than miscommunication, and I hope we don’t. My only problem is communication… I need to know what’s going on promptly.

Tammy J. 04/16/2022

This is a great company. They are all accommodating and understanding!!!

Kimberly V. 03/01/2022

AMAZING customer service. I was at a loss for what to do about my financial situation, and I found this service. I recommend this company to everyone and look forward to being debt-free.

Tara R 02/04/2022

I waited a couple of months to leave this review because I needed to make sure everything was going to play out as it was explained to me, and I wanted others to know how legit this process was. So now that I’ve waited, I have to say that Armani was great to work with. He was professional, kind, and reassuring. I have never felt such a sigh of relief. I can live without the horrible stress I have been dealing with. I only wish that I had done this sooner. Now I can get on with my life and make better choices regarding any credit. Thank you!!

ClearOne Advantage FAQs

How Much Can You Save With It?

Using ClearOne Advantage can help you get your monthly payments back on track and save you an average of 50% on your obligations before fees. Your savings would depend on the amount of debt you have and the willingness of your creditors to negotiate

How Much Does This Company Charge?

When you work with ClearOne Advantage, a leading debt settlement company, there are no hidden fees. In addition, their fees and costs vary depending on the situation. You only pay them once a settlement has been reached and approved. Additionally, they only receive payment after you make at least one monthly payment toward the settlement.

How Does It Affect Your Credit?

You will have a black mark on your credit report if you settle a credit card debt for less than what you owe. This may pose difficulties if you need to borrow again in the future, as lenders often consider credit scores and payment history when making lending decisions.

How To Cancel ClearOne Advantage?

It is important to know your rights and options before signing any contracts with a debt settlement company. Debt settlement companies can quickly release you from a contract if you request it in writing.

Have you been experiencing financial difficulties? Here are some tips that may help you get back on track.

  • Maintaining a budget is an excellent way to stay on top of your finances.
  • You may also wish to consult with a financial professional who can explain your options and assist you in developing a strategy that is tailored to your particular needs.
  • To conclude, if you are already in debt, don’t be concerned. Many businesses are willing to work with customers to create an affordable payment plan. To find out more, contact customer service.

ClearOne Advantage: Is It Legit?

ClearOne Advantage vs Monevo loan

As a member of the International Association of Professional Debt Arbitrators (IAPDA) and the American Fair Credit Council (AFCC), ClearOne Advantage provides excellent debt negotiation services as well as a dependable debt settlement program. You can access your information on its encrypted website, and its privacy policy details the information that the company collects and shares with third parties.

The majority of ClearOne Advantage’s customers are satisfied with their interactions with them, and the company has an A+ rating with the Better Business Bureau and has been recognized since 2014.

Monevo Review: Award-Winning Debt Consolidation Loan Marketplace

It is Europe’s largest personal lending marketplace and platform, which allows Monevo to provide affordable rates in minutes thanks to its large lender pool.

Fast Facts

The loan amount ranges from $500 to $100,000

The annual percentage rate ranges from 3.49% to 35.99%

There is no minimum credit score required

  • Loan Type: Unsecured personal loans with fixed rates
  • Repayment terms: From three months to seven years
  • Direct lender or marketplace:  Marketplace
  • Turnaround Time: Depending on the lender
  • Best For: Individuals seeking a loan with favorable terms
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Monevo Pros & Cons

Pros

  • There is a wide range of loan amounts available.
  • The form can be completed online
  • Consumers’ credit scores are not adversely affected by the online form provided by Monevo.
  • Their relationships with their partners are open and honest.
  • Awarded The Sunday Times Tech Track 100 in 2013 for the fastest-growing financial technology company in the UK, and The Queen’s Awards for Enterprise in Innovation in 2017.

Cons

  • There is a limited network of loan partners available to them.
  • It is likely that you will receive several phone calls and emails from lenders.
  • Depending on the underwriting process, it may be manual or automatic.

How Much Does Monevo Cost?

Monevo’s lending partners ultimately determine the loan’s cost, interest rates, penalties, and fees. Consumers should contact the lender directly to determine the true cost of the loan. Due to the lending platform’s many lenders, Monevo has indicated that rates would vary from 3.49% to 35.99%, depending on the lender’s credit standards.

How To Qualify For It?

To use Monevo, you must meet the following requirements:

  • You must be at least 18 years of age
  • It is necessary to have a bank account.
  • For citizenship or residency in the United States, a credit score of 450 is required

For Monevo applications, you must also possess the following information:

  • Pre-tax earnings for the year
  • Numbers associated with your personal identification
  • Credit rating

As soon as you have met all of the requirements, you can begin using Monevo by following these steps:

  • You must complete the form with your credit score, loan amount, and loan purpose.
  • You will be asked to provide your social security number, yearly income, and other information.
  • Monevo’s terms and conditions should be read and agreed to.
  • Click “Get Your Results” to submit your form.

Once you complete the form, Monevo will locate an appropriate partner within its network that works for you. You can be approved in one day and receive your funds within seven days.

Monevo Reviews

The BBB rating of Monevo is A+.

There is a majority of positive customer reviews for Monevo. Feefo has awarded it the Gold Trusted Service Award. It received 4.5 out of 5 stars from 249 verified reviews. In most cases, Monevo’s poor ratings result from consumers not being able to contact lenders or, in some situations, being matched with lenders but not being able to find a product that meets their needs.

Monevo: Is It Legit?

ClearOne Advantage vs Monevo debt
  • Monevo does not affect your credit score, however, you should expect your lender to conduct a credit check, which will temporarily impact your credit score.
  • You may be asked to provide personal information to Monevo by a linked lender, but this is not a cause for concern. If you are concerned, you might consider applying directly to the lender of your choice.
  • The purpose of Monevo is to assist you in finding and selecting a suitable lender, as well as in comparing loan offers. It is not a lender.
  • Depending on the lender, it may take as little as one business day, but it may also take much longer. If you are authorized, you should receive the funds within seven business days.
  • In your loan agreement, your lender will explain your Monevo repayment schedule and any additional fees you may be required to pay.
  • Any questions you may have should be directed to Monevo and your lender.
  • In addition to being located in the United Kingdom, Monevo maintains important technology partnerships throughout the world.
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