Choosing the right debt consolidation company is essential for the process, whether you need a personal loan or to settle your debts. To help you make an informed choice, we have compared ClearOne Advantage vs LoanQuo in this review.
- 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
Using ClearOne Advantage, your monthly payments can be reduced and you will be able to eliminate your unsecured debt. Furthermore, they have been ranked #1 in the debt consolidation loan category by several organizations along with having a proven track record of success with their loyal customers. ClearOne Advantage may be able to assist you with debt. In this ClearOne Advantage review, we will examine their services and customer feedback.
Summary
ClearOne Advantage has helped thousands of clients resolve enrolled debt since 2008.
Here are some interesting things we discovered after reviewing their website.
- Client satisfaction is 9 out of 10 on the Better Business Bureau.
- You can use free services until you pay off your debt.
- Budget-friendly monthly payments.
- People who follow the program and pay off all their debts can save about 50% over 24 to 60 months.
- Over $3 billion in debt has been resolved.
- You can access all your account information via a self-service client portal 24/7.
- It has articles on budgeting and debt management.
- Consumer Debt Relief Initiative member
- A reputable debt settlement firm.
- Awards for customer loyalty.
- ClearOne Advantage does not accept real estate-backed debt.
ClearOne Advantage: What is It?
They have helped thousands of clients resolve their credit card debt and other unsecured debt since 2008. If you have trouble repaying your credit card debt or other unsecured debt, ClearOne Advantage can help.
Your debt relief solution is tailored to meet your needs and ClearOne Advantage charges no upfront fees. You can negotiate lower final payment amounts with your creditors through their certified debt specialists so you can pay back a reasonable amount of your debts – at a reasonable rate.
The ClearOneAdvantage office is in Baltimore, Maryland, and can be reached at 888-340-4697.
How Does This Company Work?
Your debt is analyzed by ClearOne, and your savings are estimated. Customer Loyalty Group Debt Specialists can assist you in finding a repayment plan that suits your budget after assessing your situation. The process usually takes less than 20 minutes and can be performed over the phone or online.
ClearOne will be able to provide you with a detailed breakdown of what ClearOne can do for you based on your specific situation.
After You Sign Up, What Happens?
In their program, you will pay a reduced monthly amount into an FDIC-insured bank account in your name, which will be used to pay your creditors each month and can amount to 40% less than what you currently pay.
When your fund balance increases, ClearOne Advantage will contact your creditors for you. You can easily qualify for a debt consolidation loan if you follow this process, which will help you get back on track, improve your financial situation, and avoid debt resolution services in the future.
How To Qualify For ClearOne Advantage
When it comes to debt, there’s no one-size-fits-all solution. For some, bankruptcy or credit repair may be the best option, while debt settlement companies may be a better option.
You should be able to set aside 1.5% of your total debt each month for debt settlement. To participate in a debt settlement plan, you need to save money. For instance, someone with $30,000 in unsecured debt should set aside $450 each month.
ClearOne Advantage BBB Reviews
The average customer reviews for ClearOne Advantage since 2014 have been almost entirely positive.
ClearOne Advantage reviews:
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?
If your creditors are willing to negotiate, your ability to save would depend on the amount of debt you have. Check out ClearOne Advantage’s customer reviews to see if it can help you save an average of 50%.
How Much Does This Company Charge?
There are no hidden fees when you work with ClearOne Advantage, one of the most popular debt settlement companies. Additionally, they only get paid if you pay at least one monthly. Each situation has its own fees and costs.
How Does It Affect Your Credit?
It can cause problems when you need to borrow again if you settle a credit card debt for less than what you owe.
How To Cancel ClearOne Advantage?
You should know your rights and options before signing any debt settlement contract. Requesting a written release will enable you to exit the contract quickly.
Need help making ends meet? Here are some tips.
- By developing and adhering to a budget, you can stay on track.
- Also, a financial advisor can help you understand your options and develop a plan that suits your needs.
- Also, don’t worry if you’re already in debt. Most companies are willing to work with you to devise a more manageable payment plan.
ClearOne Advantage: Is It Legit?
A debt settlement program accredited by the American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA), ClearOne Advantage offers superior debt negotiation services. In addition to its privacy policy, it collects information and shares it with affiliates through encryption.
The ClearOne Advantage company has an A+ rating with the BBB and has been accredited since 2014, and most of their customers are satisfied.
LoanQuo Review: Is It Legit or a Scam?
Borrowing Club, LLC is a Florida limited liability company that does business as LoanQuo. The company offers personal and debt consolidation loans. They advertise their services on Loanquo.com, Myloanquo.com, and Theborrowingclub.com.
Various states, including California, license TBC as a broker and/or lender. They provide loan research and matching services to those interested in obtaining a loan. While TBC is unable to issue approvals or commitments on behalf of any lender, it can provide consumers with the necessary information for completing their loan applications.
Summary
Recently, you may have received a Loanquo offer in the mail. It may have appeared something like this: SEE WHAT YES CAN DO FOR YOU! YOU’RE PRE-SELECTED FOR $100,000 AT AN INTEREST RATE OF 5.99%. This company’s offer caught our attention and we decided to research the offer to determine whether it was worthwhile.
During the course of reading the loan terms, we discovered some interesting information.
- As Loanquo is not a lender, they cannot determine whether or not you will be approved.
- Interest rates on loans are determined by the lender and can range from 5.99% to 35.36%. Origination fees may range from 1.99% to 5%.
- Your information may be shared with the website operator’s lending partners, advertisers, and other networks.
After reading the fine print on Loanquo’s website, we discovered more and more important information that we needed to keep in mind.
- It is important to understand that applying for a loan online does not guarantee that you will be approved. Several factors are taken into account when determining your eligibility.
- It is important to note that LoanQuo works with a variety of lending partners, each of whom has its own rates and fees. LoanQuo is not responsible for the rates and fees that each of these lending partners charges.
- In the event that you do not make your loan payments on time, your lending partner may report this delinquency to the major credit bureaus, which could adversely affect your credit rating.
There is no record of any other licenses held by this business with the Better Business Bureau (BBB). The Florida Office of Financial Regulation has issued this business a license (CF9901232) that expires on December 31, 2022.
LoanQuo: What is It?
The company LoanQuo connects borrowers with potential lenders. It has been accredited by the Better Business Bureau since 1/12/2022 and has an A+ rating. LoanQuo is located at 555 SW 12th Ave Suite 202, Pompano Beach, FL 33069, and has been in business for 4 years. The telephone number for this company is (561) 922-9410.
There is no way for Loanquo to be able to determine whether or not you will be approved for a loan, nor can they determine the amount of money you will receive. However, their referral services may assist you in finding the appropriate lender.
The provision of your information does not guarantee that you will be matched with a lender or approved for a loan.
Who Is LoanQuo Affiliated With?
The Borrowing Club is LoanQuo’s primary affiliation.
Moreover, LoanQuo is affiliated with some of the biggest names in the lending industry, such as Rise, Mariner Finance, Payoff, Sofi, One Main Financial, and Best Egg.
How Does LoanQuo Work?
If you submit your information on their website, it will be shared with their participating lending partners, advertisers, networks, and other third-party organizations. There is no guarantee that you will be selected by a lending partner.
You are strongly advised to review the terms of any offer carefully before making a decision since each lending partner charges a different rate and fee. Keeping in mind that you are never obligated to accept an offer from a lending partner, and can withdraw from the entire process at any time, please remember this.
Loanquo is not responsible for any charges or terms presented by a lending partner, nor are they responsible for agreements between you and a lender. The information you provide may be made available to third-party advertisers and generators if you are not selected by a participating lending partner.
LoanQuo Reviews
Since January 12, 2022, the company has been accredited by the Better Business Bureau with an A+ rating.
On the BBB website, there are no customer reviews or complaints for Loanquo as of September 21, 2022. Because there are no customer reviews, it is difficult to make any definitive statements about this company at this time. The future holds more information that will allow consumers to make a more informed decision about whether or not to do business with this company in the future.
FAQs
How To Qualify For A LoanQuo?
In as little as 24 hours, you will receive up to five loan offers from lenders after filling out the form on the loanquo.com website.
To qualify for a debt consolidation loan, you must meet the following requirements:
- You must be at least 18 years old
- Maintain a steady source of income
- Maintain a checking or savings account
- Provide an email address and a telephone number
- Must be a resident of the United States or Canada (excluding Quebec).
You will have to deal directly with the lender once you receive your loan approval notice.
What Types Of Loans Does It Offer?
It is possible to apply for various types of loans from Loanquo, such as consolidation of multiple credit cards or home improvement loans. They also offer business loans as well as personal loans. Some lenders will not be able to provide up to $100,000 in loans. Also, these loans are expensive forms of credit and should only be utilized for short-term financial needs.
How Much Does LoanQuo Charge?
Getting connected with a lending partner, receiving loan offers or quotes, or submitting a loan request is free of charge to you. The lender may, however, charge a processing fee to formalize your loan search and/or credit report, but only after you have agreed to pay the fee(s) and signed any loan agreements. It is absolutely free for you to shop around with Loanquo until that point.
Loanquo receives compensation from the companies who have made offers to you. The offer you receive may differ according to the company as well as the placement of their products on the website. For example, the order in which they appear can be influenced by the compensation received.
How Does LoanQuo Affect Your Credit?
If you are planning to take out a loan, it is important to understand that your credit score may be affected by your lender’s actions. Some lenders in Loanquo’s network perform credit checks with the three major credit reporting bureaus – TransUnion, Experian, and Equifax. Upon not repaying your loan by the specified due date, your lender may report this delinquency to one or more of the major credit bureaus, adversely affecting your credit rating.
How To Cancel It?
A personal loan can only be reversed or canceled before the loan amount is distributed into your bank account. Once the funds have been credited to your account, it cannot be reversed.
Will Loanquo Hurt Your Credit?
No, LoanQuo will not negatively impact your credit score. The company only collects the information needed to process loan applications and does not report the information to any major credit bureaus.
LoanQuo Legit: Is It a Scam?
There is no scam associated with LoanQuo.com. They are a legitimate company.
Despite the fact that it does not have BBB reviews, it is accredited by the Better Business Bureau with an A+ rating.
It is their responsibility to send your information to several lenders when you apply for a loan through them. Generally, this gives you a better chance of being approved for a loan and obtaining the best interest rate possible. However, it is important to keep in mind that each lender has its own terms and conditions. Please read the fine print carefully before applying for any loan.
In the event that you are looking for a personal loan, using this matching service is a legitimate option. Before signing on the dotted line, make sure that you are aware of all the terms and conditions of any loan you are considering.
Comment below if you’ve ever taken out a loan with this company.
Thanks for reading!
