In order to make a reliable decision about which lender to choose, it is essential to do your research. Here is a comparison of ClearOne Advantage vs Credit9 so that you can make the right choice.
ClearOne Advantage Review: Ranked #1 for Debt Consolidation at Crixeo
ClearOne Advantage is a debt relief company helping people lower their monthly payments and get out of unsecured debt. With a proven track record of success, they have been able to help many people become debt-free. ClearOne Advantage offers various services that can be tailored to each individual’s needs. In this ClearOne Advantage review, we will look at their services and what their customers say.
ClearOne Advantage Summary
Do you find yourself struggling to keep up with your debt? ClearOne Advantage may be able to help. The company has been assisting clients to resolve their enrolled debt since 2008 and has helped thousands of people. In recent years, ClearOne Advantage has received a lot of attention and positive reviews. But is this the right company for you?
A detailed examination of their website and terms and conditions revealed some intriguing results. Below are a selection of the more noteworthy items.
- It has a 9 out of 10 client satisfaction score and a Better Business Bureau rating of A+.
- Their services are free of charge until your enrolled debt is reduced and savings are achieved.
- A budget-friendly monthly payment plan will be created specifically for you to save you money.
- Clients willing to stick with the program and settle all their debt can expect to save around 50% over 24 to 60 months.
- The company has a proven track record of resolving over $3 billion in debt for its clients.
- It offers a self-service client portal available to you 24/ 7 with access to all your account information.
- Budgeting tools, articles, and a comprehensive debt guide are available on their site.
- Accredited member of the Consumer Debt Relief Initiative (CDRI)
- The best reputation in the debt settlement industry.
- Award-winning Customer Loyalty Group.
- ClearOne Advantage does not accept secured debt paid and backed by real estate.
What Is ClearOne Advantage?
ClearOne Advantage might be of assistance if you’re having financial problems. They are a well-known debt relief business that since 2008 has assisted thousands of customers in paying off credit card balances and other unsecured obligations.
There are no up-front costs involved. A tailored debt reduction strategy that matches your budget is developed in collaboration with you by ClearOne Advantage. Their licensed debt counselors will work with your creditors to agree to decrease final payment levels so you can pay back a manageable amount of your debts.
You may contact the business, which has its headquarters in Baltimore, Maryland, via phone at 888-340-4697 or email at [email protected]
How Does ClearOne Advantage Work?
Although it may seem complicated, finding debt relief is not impossible. A debt analysis and savings estimate are the first steps taken at ClearOne. Your case will be reviewed by one of their Customer Loyalty Group’s Certified Debt Specialists, who will then work with you to devise a budget-friendly repayment strategy. You may complete this over the phone or online, which often takes less than 20 minutes.
Your debt reduction analysis will specifically describe what ClearOne can do for you and how much money you can save because no two circumstances are comparable.
What Happens After You Sign Up?
You pay a reduced monthly amount into an FDIC-insured bank account in your name when you enroll in their program. Your monthly payments to your creditors will come from this account, which may be up to 40% less than what you presently pay.
As your fund balance increases, ClearOne Advantage will start negotiating on your behalf with your creditors. This procedure may assist you in getting back on track, enhancing your financial condition, making it simple for you to be approved for a debt consolidation loan, and preventing the need for further debt relief services.
How To Qualify For ClearOne Advantage Offers
Different debt relief strategies are suitable for different people. Some people might decide that filing for bankruptcy or using credit restoration services is the best action. In contrast, others could do better by making regular payments to a debt settlement agency. Debt settlement is an adaptable option used in various monetary circumstances.
You must put money aside for a lump-sum payment to settle your debt as part of a debt settlement plan. You should be able to set away 1.5% of your overall debt each month as a general rule of thumb. Therefore, a person with unsecured debt of $30,000 should be able to save away $450 per month regularly. This would enable a program to last for around three years.
ClearOne Advantage BBB Reviews
A+ BBB rated and recognized since 2014, ClearOne Advantage is a top-ranked business. They are a business you can trust, with an average of 472 client evaluations and nearly no unfavorable ones.
Here are some reviews for 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 ClearOne Advantage?
ClearOne Advantage could help you get your monthly payment 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 your creditors’ willingness to negotiate. Just check the customer reviews.
How Much Does ClearOne Advantage Charge?
There are no hidden fees when you work with ClearOne Advantage, a leading debt settlement company. You only pay their fee once a settlement has been reached and approved. Plus, they only get paid after at least one of your monthly payments toward the settlement. Every situation is different, so their fees and costs vary depending on the case.
How Does ClearOne Advantage Affect Your Credit?
When you settle a credit card debt for less than what you owe, it will appear as a black mark on your credit report. This can create problems when you need to borrow again in the future, as lenders often use credit scores and past monthly payments to make lending decisions.
How To Cancel ClearOne Advantage
Speaking with a debt settlement consultant can be a great way to get out of debt, but it’s important to know your rights and options before signing any contracts. You can quickly get out of a debt settlement contract by requesting it in writing from the company.
Are you having financial difficulties? Here are some pointers that might support getting you back on track.
- An excellent method to keep on track is to make and adhere to a budget.
- Another choice is to see a financial expert who can explain your alternatives and help you create a strategy that fits your particular situation.
- Finally, if you already have debt, try not to worry too much. Many businesses are open to collaborating with clients to develop a more affordable payment schedule. Contact their customer service department to learn more.
Is ClearOne Advantage Legit?
With outstanding debt negotiation services, ClearOne Advantage features a reliable debt settlement program. It has earned accreditation from the International Association of Professional Debt Arbitrators and the American Fair Credit Council (AFCC) (IAPDA). Its website is encrypted to protect your information, and its privacy policy specifies the data it gathers and distributes with partners.
Additionally, for individuals looking for a trustworthy and respected business, ClearOne Advantage is a great option. Most consumers are satisfied with their interactions with them, and they have an A+ rating with the BBB and have been recognized since 2014.
Is Credit9 Legit Or A Scam? Keep Reading To Find Out The Truth
Check out Credit9’s selection of personal loan and debt consolidation choices if you’re searching for one. Three websites each provide advertisements for their services:
- Credit9.com
- Apply.credit9.com
- Loans.credit9.com
They also go by the name Credit 9 Lending.
Review Recap
Given the one-star rating for Credit9, it is crucial to be critical of them.
If you’re looking for a personal loan, credit9 may have made you an attractive offer. It may have seemed like this: CONGRATULATIONS! YOU HAVE BEEN PRE-APPROVED FOR A LOAN OF $31,579 AT AN INTEREST RATE OF 5.99% (see a sample credit9.com direct mail offer below). Even the reservation code was unique. It appeared to be a good deal. Who wouldn’t be happy to learn that they have been pre-approved for a loan with such a cheap interest rate?
This deal might not be as advantageous as it seems. A deeper examination of the loan conditions indicates a few possible issues.
- The origination charge will be 2.5%, and the APRs will vary from 5.99% to 24.00%.
- Less expensive loans, or those worth more than $35,000, are more likely to be brokered.
Reading the Credit9 website’s small print brought up some other issues.
- According to state legislation and the evaluation of a customer’s credit, the loan amount, length, and APR may change. Different states have different minimum loan requirements.
- Credit9 offers installment loans at an APR of 24% or less unless otherwise mandated by state law. These loans are issued in Wisconsin at 18% or less.
- The loan approval process and terms will change depending on your credit score and state regulations.
If you visit Credit9’s licensing website, you’ll see that it lists rates ranging from 18% to 24% for most of the states where it holds lending licenses.
What Is Credit9?
Consumers and companies can get loans through Credit9, a lender. The business has an A+ rating with the BBB and is a Delaware Limited Liability Company licensed lender. On September 5, 2022, the business received 1,413 customer reviews and 36 complaints.
Irvine, California, is home to Credit9. Apply. Their online application platform, Credit9.com, allows you to submit a loan request fast and conveniently. They use Credit9 Holdco Inc as an alias and are associated with Americor and Fast Loans Funding. Call them at (800) 291-0172 if you want further details.
How Does Credit9 Work?
The limitations on how much you may borrow, the interest rate, and the payback period for a Credit9 loan will vary based on your credit score and the state where you live. The minimum loan amounts will often differ from state to state.
Here’s an illustration from the website of Credit9: The loan’s $4300.00 balance has a 24.00% annual percentage rate. The total number of payments is 30, with a $191.99 monthly payment.
The approval procedure can take a little longer if they require more paperwork from you.
How To Qualify For A Credit9 Loan
Generally, to be eligible for a Credit9 loan, you must have good to exceptional credit. A reliable source of income and work documentation are other requirements.
Filling out an application is the next step if you fulfill these requirements. If more papers are needed, the approval procedure could take longer. However, if everything is in order, you can receive a loan approval the next day.
Remember that depending on your credit score and state legislation, your loan’s approval and conditions may change. Therefore, it is always a good idea to inquire about your choices with your local Credit9 agent.
You must fulfill the requirements below to be eligible:
- Be at least 18 years old (19 in Alabama)
- Have a regular source of income
- Have a checking or savings account in your name
- Be a U.S. citizen or permanent resident alien with a valid Social Security number
Credit9 Customer Reviews
The business has been accredited since 2018 and has an A+ rating with the BBB. However, in the last three years, they have received 36 complaints. Eight of those were closed in the previous 12 months.
Following are some Credit9 BBB reviews:
Kareena H 09/05/2022
My rep explained things well. I was able to understand what the offer was. I peppered him with questions. It didn’t phase him. He answered them all. He stayed in touch with me throughout the whole process.
Darren B 09/03/2022
Thanks to ******** and Credit9 for helping me get out of debt. They did everything they said they would. Today I talked with *********************** to pay off my balance, and she was accommodating and friendly. Thanks *****! I would recommend them for sure.
Rebecca A 06/17/2022
****** was very helpful. The reason for the three stars is the effect it had on my credit score. I knew it would affect it some, just not 200 points!!
Pep J 06/10/2022
They are a classic bait-and-switch loan company. They tell you you are paying close to a 0% interest rate, and then you find out they are charging 20%. After settling with the credit card companies, they inform you that this is the way to go and is the worst decision you will make. You are stuck with even more debt, a never-ending cycle. I’m fighting this now with FCRA
Complaint Type: Problems with Product/Service 05/04/2022
They send out a letter by mail that you are prequalified for a debt counseling loan and all it is is a bit to try and get you to do a program that they are going to settle all your debt. They never intended to help you Consolidate they just want to set you up on a program to let you get behind on what you owe and they will settle. This is a False advertisement I never intend to help you get a lower rate and give you alone to help you get is it
Is Credit9 A Debt Settlement Company?
Credit9 is not a firm that settles debt. They provide personal loans and loans for debt consolidation. They don’t pay debts on behalf of their clients.
When your debt is resolved for less than what you presently owe, with the assurance that you’ll pay the amount agreed in full, this is known as debt relief or debt adjustment.
Although numerous debt relief options exist, choosing the ideal one can be challenging. Some people employ third-party firms, while others attempt to negotiate with their creditors independently. Lenders do not always accept debt settlements, and in some instances, they could even be detrimental to your finances.
Possible Risks Of Unsecured Personal Loans
Open-ended loans are available for several uses, such as paying off high-interest credit cards, supporting an adoption, or defraying other costs. Before entering into any contracts, it’s crucial to consider the dangers associated with these kinds of loans. The following are some of the most frequent risks connected with open-ended loans:
1. The Interest Rate
It’s crucial to comprehend the interest rate you’ll be paying before taking out a personal loan. Interest rates on personal loans might range from 10% on some to three or four times more on others. Your suggested interest rate will depend on your credit score, but lenders can set any rate they wish as long as it complies with applicable rules.
2. Early-Payoff Penalties
You could have to pay the penalty or charge if you want to pay off your loan early. Depending on the kind of personal loan you have, this varies. Some lenders are more accommodating than others regarding early loan repayment. Make careful to read the tiny print and see if there are any fines if this is essential to you.
3. Expensive Fees Upfront
You should know any upfront costs when taking out a loan to receive the money into your account. It’s vital to compare lenders to ensure you’re receiving a fair deal because these costs might vary greatly across them. Do not feel obligated to choose the first loan provider you are qualified for because there are many more.
4. Privacy Issues
Many customers are concerned about protecting their personal information as internet banking becomes more prevalent. The same severe privacy rules might not govern other lenders as banks and credit unions. Due to this, customers may find it challenging to decide who to trust with their personal information.
5. The Insurance Pitch
A sales pitch for supplementary insurance to cover the debt in the event of incapacity or death is included with some personal loans. Call a trusted agent to acquire a general disability insurance quote if you want this protection. Compared to the lender’s insurance, it’s typically less expensive and offers superior coverage.
How Safe Is Credit9?
Reviews for Credit9.com are mixed, with some stating it’s a fantastic firm and others calling it a complete rip-off. What is the actual narrative, then? Credit9.com, is it genuine or not?
The organization claims that they are reputable and aid many people in obtaining the necessary financial support.
