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 Liberty1 Financial so that you can make the right choice.
- BBB A+ Rating
- Minimum Debt $10,000
- No Minimum Credit Score
- $3 billion+ debt resolved
- BBB A+ Rating
- Minimum Debt $7,500
- No Minimum Credit Score
- $500 million debt resolved
ClearOne Advantage Review: Ranked #1 for Credit Card Relief and Debt Consolidation
With ClearOne Advantage, you can reduce your monthly payments and get rid of unsecured debt by lowering your monthly payments. In addition to having a proven track record of success with their customer loyalty group, they have been ranked #1 in the debt consolidation loan category by several different organizations. It may be possible for ClearOne Advantage to assist you with debt. We will examine their services and their customer feedback in this ClearOne Advantage review.
Summary
Having trouble managing your debt? ClearOne Advantage may be able to help. The company has helped thousands of clients resolve enrolled debt since 2008.
As a result of carefully reviewing their website and terms and conditions, we discovered some interesting findings. A few of the most notable findings are outlined below.
- It has a 9 out of 10 client satisfaction rating and an A+ rating from the Better Business Bureau.
- They offer free services until your enrolled debt is reduced and savings are achieved.
- You will receive a budget-friendly monthly payment plan designed specifically for your needs.
- Those who are willing to stay with the program and settle all of their debts can expect to save approximately 50% over the course of 24 to 60 months.
- A track record of resolving over $3 billion in debt for its clients has been established by the company.
- You have access to all your account information via a self-service client portal available 24 hours a day, seven days a week.
- The website provides budgeting tools, articles, and a comprehensive debt guide.
- Member of the Consumer Debt Relief Initiative (CDRI)
- Debt settlement company with the best reputation.
- Award-winning Customer Loyalty Group.
- It is not ClearOne Advantage’s policy to accept secured debt backed by real estate.
ClearOne Advantage: What is It?
The ClearOne Advantage team can assist you if you are having trouble repaying your credit card debt or other unsecured debt. They are a leading debt resolution company that has helped thousands of clients resolve their credit card debt and other unsecured debt since 2008.
No upfront fees are charged by ClearOne Advantage, and they work with you to create a debt relief solution that fits your needs. Using their certified debt specialists, you will be able to negotiate lower final payment amounts with your creditors so that you can pay back a reasonable amount of your bills – at an acceptable level.
The company is located in Baltimore, Maryland, and can be contacted by telephone at 888-340-4697 or via email at [email protected]
How Does This Company Work?
Getting out of debt can seem daunting, but it does not have to be. ClearOne begins by analyzing your debt and estimating your savings. A Customer Loyalty Group Certified Debt Specialist will assess your situation and assist you in finding a repayment plan that suits your budget. This usually takes less than 20 minutes and can be done over the phone or online.
Considering that no two situations are identical, your debt relief analysis will be able to provide you with a detailed breakdown of what ClearOne can do for you and how much you can save.
After You Sign Up, What Happens?
By signing up for their program, you will pay a reduced monthly amount into an FDIC-insured bank account in your name. This account will be used to pay your creditors each month and can amount to up to 40% less than what you currently pay.
When your fund balance increases, ClearOne Advantage will begin negotiating on your behalf with your creditors. You can easily qualify for a debt consolidation loan by going through this process, which will help you get back on track, improve your financial situation, and avoid the need for debt resolution services in the future.
How To Qualify For ClearOne Advantage?
When it comes to debt solutions, there is no one-size-fits-all solution. Bankruptcy or credit repair may be the best option for some, while debt settlement companies may be a better option for others. There is no doubt that debt settlement is a flexible solution that can work for a variety of financial situations.
To participate in a debt settlement plan, you must save money to make a lump sum payment. As a general rule, you should be able to set aside 1.5% of your total debt each month for debt settlement. For example, if one owes $30,000 in unsecured debt, they should be able to consistently set aside $450 per month for the duration of the program.
ClearOne Advantage BBB Reviews
ClearOne Advantage has an A+ BBB rating and has been accredited since 2014. It has received an average of 472 customer reviews with almost no negative comments.
The following are some positive reviews of ClearOne Advantage:
Ruthie J 07/09/2022
Tammy J. 04/16/2022
Kimberly V. 03/01/2022
Tara R 02/04/2022
See If You Qualify for Credit Card Relief
See how much you can save every month — plus get an estimate of time savings and total savings — with your very own personalized plan.
FAQs
How Much Can You Save With ClearOne Advantage?
Your savings would depend on the amount of debt you have and the willingness of your creditors to negotiate. Just check the customer reviews to discover whether ClearOne Advantage can help you reduce your monthly payment and save you an average of 50% on your obligations before fees.
How Much Does This Company Charge?
You will not be charged any hidden fees when working with ClearOne Advantage, one of the leading debt settlement companies. In addition, they only receive payment once at least one of your monthly payments toward the settlement has been made. Each situation is unique, so their fees and costs vary.
How Does It Advantage Affect Your Credit?
It can create problems when you need to borrow again in the future as lenders often use credit scores and past payments to make lending decisions. If you settle a credit card debt for less than what you owe, it will appear on your credit report as a black mark.
How To Cancel ClearOne Advantage?
You should know your rights and options before you sign any debt settlement contracts. You can quickly get out of a debt settlement contract by asking for it in writing.
Looking for some tips to assist you in getting back on track if you are struggling to make ends meet? Here are a few suggestions.
- Staying on track can be achieved by creating and adhering to a budget.
- A financial advisor may also be able to assist you in understanding your options and developing a plan that is tailored to your individual needs.
- Furthermore, if you are already in debt, don’t worry too much. Most companies are willing to work with customers to devise a more manageable payment plan.
ClearOne Advantage: Is It Legit?
ClearOne Advantage has a legit debt settlement program with superior debt negotiation services. It is accredited by the American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA). In addition to its privacy policy, which outlines the information that it collects and shares with affiliates, its website is encrypted for security purposes.
As an additional benefit, ClearOne Advantage is an excellent choice if you are looking for a reputable and reliable company. They have an A+ rating with the BBB and have been accredited since 2014, and most of their customers are satisfied with their services.
Liberty1 Financial Review: Is It Legit Or A Scam?
In this Liberty1 Financial review, we will take a look at the company and attempt to answer the following questions: Is Liberty1 Financial legit? Is Liberty1 Financial a scam? Let’s find out.
Liberty1 Financial offers debt consolidation loans as a way to help people pay off their debts.
In the past few years, Liberty1 Financial has helped thousands of people consolidate their debts into one monthly payment, but there have been some complaints regarding the company as well. Some people claim they were baited and switched – that is, they were given one thing but received another. Others report that their loan interest rates were much higher than expected.
Is Liberty1 Financial a scam or a legitimate company? They are probably somewhere in between. There are certain things you should be aware of before applying for a loan with them. However, if you take precautions and do your research, you should be able to find a loan that meets your needs.
It is recommended that you follow these steps if you are considering consolidating your debt with Liberty1 Financial:
- Be sure to read the fine print before signing up for a loan.
- Compare interest rates from different lenders and shop around.
- It is important to be aware of the possibility of bait-and-switch tactics.
Pros and Cons
You should be aware of the following if you are considering using this company for a Debt Consolidation loan:
- They have been accused of using bait and switch tactics by their customers.
- Several negative reviews have been written about this company, so proceed with caution.
- There is a high-interest rate and no flexibility in the repayment terms.
- A different lender may be a better choice for you.
Make sure you know all the pros and cons of Liberty1 Financial before making a decision on debt consolidation.
Liberty1 Financial: What is It?
It has been in operation since 2008 and offers a variety of loans, including personal loans, business loans, and lines of credit. However, Liberty1 Financial has more cons than pros.
In addition to bait and switch tactics, many customers have reported receiving a higher interest rate upon applying for the loan, despite being promised one interest rate. Over the life of the loan, these extra interest payments can cost you hundreds, if not thousands of dollars.
Moreover, Liberty1 Financial often charges hidden fees. These fees can include origination fees, processing fees, and closing costs. This makes it difficult to compare Liberty1 Financial’s loan costs with those of other lenders.
It is important that you do your homework before taking out a loan with Liberty1 Financial. Read over the terms and conditions of the loan carefully and ensure you understand all the fees involved.
How Does It Work?
Customers have reported that Liberty1 Financial advertises low-interest personal loans, but when you apply for the loan, they inform you that you do not qualify for the advertised rates. Liberty1 Financial makes its money by tricking people into taking out high-interest loans. They offer you a much higher interest rate instead.
Make sure to read the fine print carefully before you take out a personal loan if you are considering doing so. It is possible to end up paying much higher interest rates than you originally anticipated. Ask a representative any questions you may have before signing any paperwork. Otherwise, you may wind up with an unfavorable agreement.
How To Qualify For Liberty1 Financial
To qualify for Liberty1 Financial, you will need the following information:
- For Liberty1 Financial to consider you for a personal loan, you must have a credit score of at least 660.
- To qualify for a personal loan, you must have a steady income. This may come from employment, alimony, child support, or any other source.
- You must have an active checking account to qualify for a loan. Your loan funds will be deposited into this account and your monthly payments will be made from this account.
Liberty1 Financial should be able to provide you with a personal loan if you meet all of the above criteria.
Liberty1 Financial: Interest Rate
You can choose from a variety of debt consolidation loans and personal loans offered by Liberty1 Financials, each with its own interest rate. Your interest rate will be determined by your credit score, income, and the length of your loan.
Due to the high risk associated with debt consolidation loans, interest rates tend to be higher than traditional loans. However, if you have good credit and can secure a competitive interest rate, debt consolidation can be a great way to save money in the long run.
Consider comparing rates and terms before consolidating your debts if you are considering consolidating.
How Do You Pay Back It?
It depends on the type of loan that you have with Liberty1 Financial. If you have a debt consolidation loan, you will be required to make monthly payments to repay your debt.
A personal loan will require you to make monthly payments to pay off your debt. However, you can make lump-sum payments on either type of loan, which will help you pay off your debt more quickly.
Please ensure that your payments are made on time and in full to avoid any late fees or penalties. You can also contact Liberty1 Financial if you have any questions about your loan.
If You Do Not Pay Liberty1 Financial, What Happens?
In the event that you are unable to make your payments to Liberty1 Financial, here is what you need to know.
If you miss a payment or are late on a payment, the lender will charge you a late fee. The late fee will be either $15 or more than five percent of your unpaid balance, whichever is less. When you make a partial payment, Liberty1 Financial will apply for the payment first to the highest interest rate debt, and the remaining amount to the next highest interest rate debt.
If you fail to make your payments, debt collectors may be sent after you, legal action may be taken, and your credit rating may be negatively affected.
What Types Of Loans Does Liberty1 Financial Offer?
Liberty1 Financial provides debt consolidation loans and personal loans. As a direct lender, they may be able to help you find a loan that suits your needs.
To consolidate debt, this lender offers fixed-rate debt consolidation loans with fixed terms and rates. This can assist you in saving money on interest and help you get out of debt more quickly. You may also be eligible for a low-interest loan if you have good credit, thus saving you even more money.
Whether you need a personal loan for home improvements, medical expenses, or debt consolidation, Liberty1 Financial can help.
Liberty1 Financial Loan: Minimum Credit Score Required
For a Liberty1 Financial loan, 620 is the minimum credit score. However, the company also considers factors including your income, employment history, and debts. If you have a lower credit score, you may still qualify for a loan if you have strong compensating factors. For instance, if you have a low credit score but a high income, you may still be eligible.
There have been numerous complaints about the company’s predatory lending practices. Before taking out any loans, make sure you have a clear understanding of your own financial situation.
How Does It Affect Your Credit?
Your credit score may be lowered by a few points as a result of the hard pull from Liberty1 Financial. If you have late payments, this could further damage your credit score and make it more difficult to obtain future loans or lines of credit. If you are attempting to improve or maintain your credit, it is generally advisable to avoid working with companies such as Liberty1 Financial.
How To Cancel Liberty1 Financial
If you wish to cancel your Liberty1 Financial loan, simply follow the steps below.
Firstly, if you have an outstanding balance on your loan, you will need to pay it off before you can cancel it.
It takes only a few minutes to cancel your loan, and it is a simple and straightforward process. However, once you cancel your loan, you will not be able to take out another with Liberty1. Therefore, if you are certain you wish to cancel your loan, please follow the steps below.
- Contact the customer service department
- Your account number should be provided
- Let them know that you wish to cancel your loan
- Observe their instructions
If you are ready to cancel your loan, follow the steps above and you will be on your way.
Liberty1 Financial BBB Reviews
In the last three years, there has been only one complaint filed against Liberty1 Financial Group, which was closed within the last 12 months. The company is accredited by the Better Business Bureau (BBB) and has a rating of A+.
However, it is important to note that the BBB reviews are not all positive. In fact, many of them are quite critical of the company.
The following are some Liberty1 Financial BBB reviews:
Casey C 12/16/2020
Liberty1 Financial: Is It Legit?
There are many scammers on the internet today, and it can be difficult to know who to trust. Liberty1 Financial is one such company whose customers have accused it of bait-and-switch tactics.
You should do your research before engaging with Liberty1Financial.com if you are considering working with them. There are several complaints online from people who say they were promised low-interest rates but then received high rates and difficult terms, so you need to ensure you know what you are signing up for.
Ultimately, it is up to you to decide whether or not to work with Liberty1 Financial. However, if you decide to work with them, it is extremely important that you understand their policies and procedures thoroughly to avoid any surprises in the future.
If you have ever worked with Liberty1 Financial, please tell us about your experience.
