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C D H I T W

  • Why do you need to see my statements?
    As part of our underwriting and enrollment process, we need to verify the outstanding balances of each of your accounts along with the debt type.  ...
  • Which debts can be included in the Program? Which cannot?
    We can accept most types of unsecured debt. This includes: Credit card accounts Department store cards Personal loans Medical bills Accounts with collection agencies Federal credit union Payday ...
  • Will the creditors take legal action against me?
    Creditor policies vary and we can’t predict what efforts they may use to collect on a debt.  They  do have the legal right to send ...
  • What is the effect on my taxes?
    Creditors may send you a 1099 for the amount you save through successfully negotiated settlements. Unless you qualify for an exemption,  you may have to ...
  • Will I be able to take out a loan while on the Program?
    Generally, we discourage clients from taking out new loans while enrolled in the program. This is for 3 reasons: Your creditors may be unwilling to negotiate ...
  • Will my debts be "Charged-Off"?
    Yes, delinquencies and charge-offs may be added to your credit report, which will negatively impact your credit score.  Remember, your credit score is good for ...
  • What if accounts won't settle? Will they sue?
    Creditors do have the legal right to pursue a debtor in court of law to collect the debt.  Usually this is a last resort after ...
  • What makes you different from your competitors?
    Unfortunately, ever since a recent law change went into effect, some other debt settlement companies are more focused in using loopholes to the law rather ...
  • Who are you guys?
    ClearOne Advantage provides debt resolution services for consumers with high-unsecured debt balances. An alternative to credit counseling, debt consolidation, and bankruptcy, the company's 24-48month Debt ...
  • What is your goal?
    Our goal is to work with you to develop a debt resolution plan, whether that is with our company or not.   If you chose another ...