ClearOne Advantage
ClearOne Advantage is a U.S. debt settlement firm (founded 2006, Baltimore HQ) that negotiates with creditors on behalf of individual consumers to reduce unsecured debt, charging fees only on successful settlements. PE-backed by Comvest Partners and operating across 20+ states.
- Company typePrivate
- Founded2006
- HeadquartersBaltimore, United States
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What ClearOne Advantage does
ClearOne Advantage, LLC is a privately held U.S. debt settlement services provider headquartered in Baltimore, Maryland, with a corporate presence in Tempe, Arizona. Founded in 2006 and backed by private equity firm Comvest Partners since 2017 (with a growth capital round in September 2023), the firm negotiates directly with creditors on behalf of consumers struggling with unsecured debt, including credit card balances, personal loans, medical bills, and similar obligations. Its core offering is a debt settlement program where Certified Debt Specialists work with clients to reduce enrolled debts, reportedly achieving 25-50% (average 45%) debt reduction for clients who complete the program, with more than $3 billion in cumulative debt resolved nationwide across 20+ states. Adjacent product lines include Debt Management Plans, Debt Consolidation Loans, Credit Counseling, and Bankruptcy Alternatives referral services.
The business operates on a performance-based fee model: no upfront charges, with fees only earned after a settlement is arranged, approved by the client, and at least one payment is made. The GTM motion is sales-led and inbound-driven, combining toll-free phone sales, state-specific SEO-optimized landing pages, content marketing, Trustpilot/social proof, and a self-serve online savings-estimate portal feeding a team of inside sales Certified Debt Specialists. Technology infrastructure is service-oriented rather than platform-driven — the company operates a client portal, a quote engine, and standard CRM/marketing tooling, but does not disclose proprietary technology platforms, AI capabilities, or APIs.
Revenue mechanics are tied to multi-year (24-51 month average) settlement programs, producing a long-tail transaction-fee revenue stream that is highly distributed across thousands of individual consumer clients rather than concentrated in any enterprise account. The customer base is U.S. retail consumers facing financial hardship, segmented horizontally by use case (credit card, personal loan, veteran, small business, divorce) and geographically by state licensure. ClearOne holds an A+ BBB rating, ACDR accreditation, and Trustpilot excellent rating, and maintains state-level regulatory registrations including a DFPI registration under the California Consumer Financial Protection Law (Reg. No. 01-CCFPL-1269219-3478532).
ClearOne Advantage firmographics
Firmographics- Name
- ClearOne Advantage
- Legal name
- ClearOne Advantage, LLC
- Website
- https://clearoneadvantage.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- ClearOne Advantage is a U.S. debt settlement firm (founded 2006, Baltimore HQ) that negotiates with creditors on behalf of individual consumers to reduce unsecured debt, charging fees only on successful settlements. PE-backed by Comvest Partners and operating across 20+ states.
- Ownership category
- akta.pro rank
ClearOne Advantage industry classification
Industry- Product category
- Consumer Debt Settlement
- NAICS
- Collection Agencies (561440)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Credit Counseling & Debt Management Plans (DMP) (FSAKAJAH)
- akta.pro secondary industry
- Debt Management Plans (DMP) & Consolidation Programs (FSAKAIAJ)
Keywords
Where ClearOne Advantage is headquartered
LocationHeadquarters
- HQ city
- Baltimore
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
ClearOne Advantage business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Technology or R&D, Others
Revenue model
- Debt Settlement Services - Performance-Based Fees: ClearOne Advantage charges fees for debt settlement services on a performance basis only. The company does not charge upfront fees; fees are earned only after a settlement has been arranged, the client approves the settlement, and at least one payment is made towards the settlement. This is a transaction-based revenue model where the company is compensated only upon successful debt resolution outcomes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Outcome Based/ Performance | Pay-as-you-go | Performance-based debt settlement fee - no upfront costs |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
ClearOne Advantage product offering
Product offeringCore offering
ClearOne Advantage is a consumer debt settlement company that negotiates directly with creditors on behalf of clients to reduce enrolled unsecured debt balances, with potential savings of 25-50%. In addition to its core debt settlement program, the firm offers debt management plans coordinated through credit counseling agencies, debt consolidation loans, credit counseling, and referrals to bankruptcy alternatives, all structured around a single affordable monthly payment for consumers in 20+ U.S. states.
Product overview
ClearOne Advantage is a debt settlement company (not a lender, loan broker, credit services organization, or debt collector) offering a suite of debt relief services. The core offering is a debt settlement program that negotiates with creditors to reduce enrolled unsecured debts. Supporting services include Debt Management Plans coordinated through credit counseling agencies, Debt Consolidation Loans, and Credit Counseling. The company provides state-specific debt relief programs across multiple U.S. states. All services are designed to help consumers resolve unsecured debt through one affordable monthly payment structure.
Differentiator
Problem solved
Functional benefit
Products and services
- Debt Settlement Services
Quantifiable outcome
- Clients may resolve enrolled debts for significantly less than the full balance, with savings potentially reaching 50%
- +3 more outcomes
Companies that use ClearOne Advantage
Customer profileNamed customers15 records
Segments3 records
Ideal customer profiles1 record
ClearOne Advantage technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
ClearOne Advantage partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Debt Consolidation Lender PartnersminorJoint marketing partners including a debt consolidation lender, lead generators, and marketing and sales organizations referenced in the privacy policy under joint marketing arrangements.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
ClearOne Advantage competitors and assessment
Company assessmentDirect peers
- Pacific Debt Relief: Debt settlement company serving consumers across multiple U.S. states with a similar performance-based fee structure and emphasis on BBB accreditation and trust signals.
- National Debt Relief: One of the largest U.S. consumer debt settlement firms, offering directly comparable performance-based debt negotiation services to financially distressed consumers across multiple states.
- Freedom Debt Relief: Major debt settlement company with a similar multi-state, performance-based fee model and large inbound sales funnel targeting consumers with unsecured debt — directly comparable in customer profile and service mix.
- Accredited Debt Relief: Direct competitor offering debt settlement, consolidation, and credit counseling services to U.S. consumers, with comparable program structure and accreditation-driven positioning.
- CuraDebt: Debt settlement and tax debt relief provider serving consumers nationwide, comparable in service mix (settlement + counseling) and target customer (distressed borrowers).
- New Era Debt Solutions: Debt settlement firm focused on negotiating unsecured consumer debts, operating with a comparable inside-sales and consultant-led enrollment model.
Emerging players
- GreenPath Financial Wellness: Nonprofit credit counseling and debt management plan (DMP) provider; overlaps with ClearOne's DMP and credit counseling offerings and shares the same accreditation-driven positioning.
- Money Management International (MMI): Nonprofit credit counseling agency offering DMPs and financial counseling; overlaps with ClearOne's credit counseling and DMP service lines and competes for the same distressed consumer segment.
- Avant: Online personal loan platform that competes with ClearOne's debt consolidation loan offering for consumers seeking to refinance unsecured balances into a single payment.
Broad incumbents
- LendingClub: Established online lending marketplace offering personal consolidation loans; competes with ClearOne's debt consolidation product and represents a digitally scaled alternative to traditional settlement services.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
ClearOne Advantage social profiles
Digital presenceClearOne Advantage financial estimates
Financial estimateRevenue estimate
Valuation estimate
ClearOne Advantage leadership team
Management profileNumber of profiles
Profiles6 records
ClearOne Advantage funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ClearOne Advantage M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ClearOne Advantage
What does ClearOne Advantage do?
ClearOne Advantage is a consumer debt settlement company that negotiates directly with creditors on behalf of clients to reduce enrolled unsecured debt balances, with potential savings of 25-50%. In addition to its core debt settlement program, the firm offers debt management plans coordinated through credit counseling agencies, debt consolidation loans, credit counseling, and referrals to bankruptcy alternatives, all structured around a single affordable monthly payment for consumers in 20+ U.S. states.
Is ClearOne Advantage a public or private company?
ClearOne Advantage is a private company. It is classified as private equity controlled and is currently operating.
When was ClearOne Advantage founded?
ClearOne Advantage was founded in 2006. It employs 501 to 1,000 people.
Where is ClearOne Advantage based?
ClearOne Advantage is headquartered in Baltimore, United States, in the North America region.
How does ClearOne Advantage make money?
One revenue line is on record: debt Settlement Services - Performance-Based Fees.
Who are ClearOne Advantage's main competitors?
Direct peers on record are Pacific Debt Relief, National Debt Relief, Freedom Debt Relief, Accredited Debt Relief, CuraDebt and New Era Debt Solutions. Emerging players are GreenPath Financial Wellness, Money Management International (MMI) and Avant. LendingClub is listed as a broad incumbent.
Does ClearOne Advantage have an API?
No public API is recorded for ClearOne Advantage.
What industry is ClearOne Advantage in?
ClearOne Advantage's product category is Consumer Debt Settlement. Its primary akta.pro industry code is FSAKAJAH, Credit Counseling & Debt Management Plans (DMP), with a secondary code of FSAKAIAJ, Debt Management Plans (DMP) & Consolidation Programs. Its NAICS code is 561440 and its SIC code is 7320.