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ClearOne | 2024 Review

ClearOne Advantage is a debt consolidation company with a singular goal: help everyday people pay off their existing debts. Its team of 1-on-1 debt specialists, top negotiators, and a helpful crew of customer service representatives help people realize savings between 30-50% of their total debt amount.

An impressive list of credentials helps make ClearOne Advantage one of our most frequently recommended debt consolidation companies, including 14 years in the business and over $3 billion in customer debt resolved.

Visit ClearOne ➜

at ClearOne Advantage, LLC


  • 100% Service Guarantee
  • Customer web portal makes it easy to track goals
  • Resolved over $3 billion in customer debts, to date
  • Free Savings Estimate for a snapshot of your debt consolidation journey

What is ClearOne Advantage?

Founded in 2008, ClearOne Advantage is a debt consolidation company that helps people pay off their unsecured debt. Through 1-on-1 client-to-customer meetings, long-term planning, and a team of professional negotiators, ClearOne Advantage helps customers form a savings account, negotiate down their existing debt, and pay off the remaining debt at a fraction of the original number.

In addition to helping thousands of customers become debt-free, ClearOne Advantage has a 4.8/5.0 rating on TrustPilot.

How Does ClearOne Advantage Work?

ClearOne Advantage works 1-on-1 with customers to reduce a customer’s debts by up to 75%. To achieve these savings, ClearOne Advantage’s professional negotiation team contacts your creditors directly, offering the creditors a one-time lump sum (that is typically much lower than the original debt amount owed) from funds that you have set aside.

Note: Like other Debt Settlement companies, ClearOne Advantage can only work to reduce unsecured debts, that is, debts that are not backed by some kind of collateral. Common unsecured debts include credit card, business, and medical debt.

ClearOne Advantage’s Debt Settlement Program

ClearOne Advantage’s Debt Settlement Program is a four-stage program that takes anywhere from 24 to 60 months to complete. From start to finish, here are the steps:

1. Meet with Your Debt Specialist

Before even signing up for your debt consolidation plan, ClearOne Advantage will schedule a 1-on-1 meeting with you and a debt specialist. You and your debt specialist will discuss your financial goals, discuss your current debt situation, and form a game plan for lowering and paying off those debt amounts over the coming months.

Before moving to the next step, your Debt Specialist will check to make sure you’re a good fit for the ClearOne Advantage plan. Once you qualify, it’s time for Step 2.

2. Enroll in Your Plan

Before committing to the ClearOne Advantage plan, your debt specialist will email you a series of documents that you’ll want to review. The documents will outline the rough timeline of your debt settlement process, state your responsibilities, and will end with an area to sign.

When you’re ready to enroll, simply sign. Now it’s time to officially get started!

3. Start Monthly Payments

Now that you’re officially a ClearOne Advantage Customer, it’s time to start paying into your debt settlement savings account.

Your debt settlement savings account is an FDIC-insured escrow account, managed by ClearOne Advantage, into which you’ll set aside money each month (per the terms of the agreement). The goal of the savings account is to build up a lump sum. This lump sum, in turn, will be used by your ClearOne Advantage team during negotiations with your creditors. The lump sum is a kind of bargaining chip: if your creditors agree to drop your remaining debts, they will receive the lump sum immediately.

Note: You may be asked to stop paying your debts during this step, which could severely impact your credit score.

4. Your ClearOne Advantage Team Negotiates

Once you’ve saved enough in your debt settlement savings account, your ClearOne Advantage team will begin negotiations with your creditors. If a settlement is made successfully, ClearOne Advantage will charge a fee, usually 20–25% of your original debt amount.

Your ClearOne Advantage team will repeat the process outlined above for every approved creditor you have.

In some instances, ClearOne Advantage has saved customers up to 75% of their original debts (including fees).

ClearOne Advantage | Debt Settlement at a Glance

Minimum Debt Settled $10,000
Typical Debt $20,000
Fees Approximately 20% of original debt amount
Time Frame 24 to 60 months
Savings Estimate Average realized savings of 50% before fees, or 30% including fees

How Much Does ClearOne Advantage Cost?

Debt consolidation pricing changes depending on the customer and their personal details, such as where they live, how much debt they are in, and how much money they make annually. With this variation in mind, the best way to get an accurate price for your unique situation is to get a quote directly from ClearOne Advantage’s website.

ClearOne Advantage charges an average of 20% of a customer’s original debt amount for successful negotiations. It’s important to note that ClearOne Advantage, the same as other debt consolidation companies, cannot charge you a fee until they have successfully lowered your debt amount.

How to Qualify for ClearOne Advantage?

Just like with pricing, the best way to see if you’re a good fit for ClearOne Advantage is to get a quote directly from the website. After inputting a few personal details, a ClearOne Advantage representative will let you know if you’re a good fit.

ClearOne Advantage requires that customers:

  • Are in at least $10,000 worth of debt
  • Are only seeking help for unsecured debt

The Bottom Line

ClearOne Advantage debt consolidation can be a great resource for everyday Americans who are struggling with at least $10,000 of unsecured debt. Thanks to ClearOne Advantage’s 1-on-1 approach to debt settlement and ability to save customers 30-50% off their starting debts, we highly recommend its services.

Visit ClearOne ➜

at ClearOne Advantage, LLC

Still want to shop around? Explore more debt consolidation options here with competitive rates and with high reviews.