CareOne Debt Relief is a debt settlement company with over ten years of experience. The company offers a debt management plan through consolidating your debt and a debt settlement plan by working with your creditors to lower the amount you owe. However, CareOne is currently no longer accepting or enrolling new clients. Any prospective client will be referred to a licensed debt relief company in his or her state.
- Free Consultation
- Online Portal
- Available in All States
- Low Minimum Debt Requirement
The free consultation is worth mentioning, especially now that they are no longer accepting new customers; this enables them to analyze each person's specific debt situation and then point people to the best company.
CareOne Debt Relief has an online portal where you can view your program information, participate in discussion forums, and have access to other additional resources. This makes it easier for clients to keep track of their progress and communicate with the company.
Available in All States
One good thing about referring clients to other companies is that they will refer you to a company that is licensed to operate in your state.
Low Minimum Debt Requirement
CareOne will accept a minimum debt of $7,500, which is lower than many other companies in the industry. This is great for people who have small amounts of debt that they would like to settle.
- Lack of Accreditations
- Undisclosed Fees
- Not Accepting New Clients
Lack of Accreditations
The company does not hold any of the major industry accreditations, specifically with the AFCC, and the IAPDA. This makes it difficult to know if the company follows best industry practices.
CareOne does not disclose its fees on its corporate website. This lack of transparency can be frustrating for potential customers.
Not Accepting New Clients
Now that they aren't accepting new clients, our biggest concern is that services from CareOne are just being referred to people to other businesses and no longer fulfills debt settlement on their own. It would be quicker and easier for consumers to cut out the middle man and find the best company that directly suits their needs. For this reason, we can't recommend CareOne at this time.
The Bottom Line
CareOne has lots of industry experience and a standard minimum debt requirement. The biggest drawback, however, is that CareOne is no longer accepting new clients. That can be frustrating because there is no clear disclaimer on the company's website. We don't recommend CareOne Debt Relief because contacting them will just result in their referring you to another company.
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