Debt Relief
Top Companies in 2024
Accredited Debt Relief vs ClearOne Advantage
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- Negotiates significant debt reductions
- BBB-accredited with A+ rating
- Free consultation and no upfront fees
- Settles debt in as little as 24-48 months
- No upfront fees
- Free consultation with a personal debt specialist
- The application process will not impact credit scores
- Mobile app
- Fees can be as high as 25% of total enrolled debt
- Only available in 34 states
- $10,000 minimum debt requirement
- No mobile app
- You have to have a minimum of $10,000 in credit card debt
- Only works with customers who have unsecured debt
- Only available in select states
- They send your info to other similar services
Accredited Debt Relief is a California-based debt relief firm that offers debt settlement services and free consultations to new clients. They operate as Beyond Finance's DBA name, have many years of debt consolidation experience, and offer customized solutions and guidance. They provide transparent debt consolidation services tailored to clients' budgets with success-based fees. Their debt consolidation programs typically run for 24-48 months, though no specific outcome is guaranteed. However, Clients should remember that using a debt consolidation program may impact their credit score temporarily, among other consequences. Also, Accredited Debt Relief's services are only available in 34 states and DC. They have a positive reputation in the industry with several awards and accreditations, including the Five-Star Rating award from Best Company USA in 2022. They are accredited by BBB, AADR, AFCC, and are members of CDRI. Their online customer reviews are excellent.
ClearOne Advantage is a debt relief services company, founded in 2008, that aims to help individuals become debt-free. They offer personalized settlement programs and expert guidance throughout the settlement process. They negotiate with creditors to reduce the amount you owe and provide ongoing support and guidance to help you pay off your unsecured debts within 24 to 60 months. ClearOne Advantage does not guarantee credit score improvement, and it's important to note that debt settlement programs may harm your credit score. Over time, they have won some accolades, including being on the Inc. 5,000 list and named Selling Power's "Best Company to Sell For." They are a member of the CDRI and follow their code of ethics. They will work with you to create a personalized plan that fits your budget and don't charge upfront fees, and you can track your progress with them through their online portal. They have generally good reviews but are not available in all states.
- Credit Score Impact : Program may lower score temporarily
- Average Net Savings : Up to 45-50% of debt, before fees
- BBB Rating : A+
- Fees : 15% - 25% of total enrolled debt
- Timeframe : 24-48 months
- Trustpilot Score : 4.8 out of 5
- Customer Experience : Excellent
- Credit Score Impact : May impact your credit score
- Average Net Savings : Up to 50% before fees
- Fees : Undisclosed
- Timeframe : 24 to 60 months for qualified debt
- Money-Back Guarantee : True
- Trustpilot Score : 4.9 out of 5
- Customer Experience : Good
- No upfront fees and no obligation
- Free consultation and savings estimate
- Get out of debt without bankruptcy
- Company website offers substantial information on debt settlement
- Free, no-obligation consultation
- Get a plan tailored to your specific financial needs
- Get a free debt analysis to help you understand your options
- Bankruptcy Counseling
- Consolidation Loans
- Credit Card Debt Relief
- Credit Counseling
- Debt Consolidation
- Debt Counseling
- Debt Management Plans
- Debt Settlement
- Loan Refinancing—Undisclosed
- Bankruptcy Counseling
- Consolidation Loans
- Credit Card Debt Relief
- Credit Counseling
- Debt Consolidation
- Debt Counseling
- Debt Management Plans
- Debt Settlement
- Loan Refinancing
- Collection Accounts—Undisclosed
- Credit Card Debt
- Medical Bills
- Personal Loans
- Private Student Loans—Undisclosed
- Professional Bills—Undisclosed
- Secured Debts
- Collection Accounts
- Credit Card Debt
- Medical Bills
- Personal Loans
- Private Student Loans
- Professional Bills
- Secured Debts
- Cash—Undisclosed
- Escrow/Savings Bank Account
- Major Credit Cards—Undisclosed
- Cash
- Escrow/Savings Bank Account
- Major Credit Cards—Undisclosed
- In Office
- Live Chat
- Mobile Application
- Phone
- Ticket
- In Office
- Live Chat
- Mobile Application
- Phone
- Ticket
Accredited Debt Relief vs. ClearOne Advantage
When evaluating debt relief options, Accredited Debt Relief and ClearOne Advantage are two prominent companies that offer substantial assistance to individuals facing financial challenges. Both companies have their strengths and weaknesses, which are important to consider based on your specific needs.
Debt requirements
Accredited Debt Relief (ADR) primarily deals with unsecured debts such as credit card debt, unpaid medical bills, personal loans, and department store credit debt. ClearOne Advantage (COA) also specializes in unsecured debts, including credit card debt and personal loans. Both companies do not assist with secured debts, such as home mortgages or auto loans, as these have collateral tied to them.
Both ADR and COA require a minimum debt of $10,000, making them suitable for individuals with significant unsecured debts. This threshold ensures that their services are tailored to clients with considerable financial obligations, providing them with intensive support and tailored solutions.
Services and fees
ADR offers a range of services, including debt settlement and consolidation. They work to negotiate with creditors to reduce the total amount owed, providing a comprehensive debt management solution. They also offer free consultations to evaluate your financial situation and recommend appropriate solutions. ADR’s fees for debt settlement range from 15% to 25% of the total enrolled debt, and their debt consolidation loans have APRs ranging from 4.9% to 35.99%, with origination fees between 1% and 6%.
COA, on the other hand, specializes in debt settlement, where they negotiate with creditors to settle debts for less than what is owed. They also offer a free consultation with a Certified Debt Specialist to assess your financial situation. COA’s debt settlement plans provide a structured approach to debt reduction, allowing clients to make regular payments into a dedicated escrow account to fund settlements. Their fees generally range from 20% to 25% of the total enrolled debt. Importantly, COA does not charge any upfront fees, and clients only pay after their debts are settled.
Customer service and experience
Both companies place a strong emphasis on customer service, but they differ in their accessibility and support options. ADR offers support seven days a week, with live chat available 24/7. They can be contacted via phone or email, and they provide an online Knowledge Hub with helpful articles. Customer reviews for ADR are generally positive, with high ratings on platforms like Trustpilot and the BBB, though some customers have reported pushy sales tactics and communication issues.
On the other hand, COA provides customer support Monday through Friday from 8 AM to 8 PM EST and on Saturdays from 9 AM to 6 PM EST. They offer phone support, email, live chat through the client account portal, and fax. COA also has a high level of customer satisfaction, as evidenced by their positive reviews on Trustpilot and Google Reviews. Customers appreciate the knowledgeable and patient approach of COA’s debt specialists, though there have been some complaints about billing practices and the slow progress of debt reduction.
The bottom line
Both companies offer robust debt relief services but differ in certain key areas. Accredited Debt Relief provides a broader range of services, including debt settlement and consolidation, and offers flexible debt consolidation loan options. Their fee structure is contingent on the success of their negotiation efforts, ensuring clients pay only if their debt is reduced. However, ADR’s services are only available in 34 states, which limits their accessibility.
ClearOne Advantage focuses on debt settlement with a structured approach, providing clients with a clear plan for achieving financial wellness. They do not charge any upfront fees, which reduces financial risk for clients. COA’s mobile app adds a level of convenience and transparency, allowing clients to track their progress in real time. However, like ADR, COA is not available in all states.
When deciding between ADR and COA, consider your specific needs and preferences. ADR offers a comprehensive range of services and a fee structure, while ClearOne Advantage provides a structured debt settlement plan with no upfront fees and a mobile app. Both companies have strong reputations and offer valuable services to help with financial stability. Consider their differences and customer feedback to determine the best fit for your financial situation.
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