CareOne Debt Relief Services!

Who is CareOne?!

•  CareOne Credit is a debt relief company located in Columbia, Maryland.!

•  They’ve been in business for 12 years - since 2002.!

Who Started the Company?!

•  They were founded by a man named Bernie Dancel.!

•  Over 20 years ago, Bernie found himself struggling with his own debt. With nowhere else to turn, he filed for bankruptcy. He devoted himself to learning about the industry and eventually started CareOne as a way of helping others recover from situations similar to his.!

What Services Do They Offer?!

•  They offer clients assistance with debt consolidation, debt settlement and debt management. !

•  Our review on BDC is mainly focused on their debt settlement services.!

What is Debt Settlement?!

•  Debt settlement is the process of working with one or more creditor to decrease the amount of debt that an individual owes. This is possible because the debtor is suffering hardship and behind on payments.!

•  This is usually accomplished by the individual paying an amount into a dedicated account over a period of time, then once enough money is saved up, they pay the creditor the agreed upon amount in a lump sum.!

How Much Does CareOne Cost?!

•  The price varies depending on the services you’re receiving and your individual situation. !

•  For settlement, you can expect to pay around 30% of the amount they save you.!

Do They Offer a Money-Back Guarantee?!

•  Yes. CareOne offers a 100% money-back guarantee. !

•  The guarantee lasts for 6 months and covers services, support, and other benefits that you receive. !

What Kind of Tools Do They Offer?!

•  They offer multiple polls and quizzes on the site which can be an interesting way to learn about your current debt IQ.!

•  You can also find debt tips, articles, recent news stories, money management tools, a monthly newsletter and more! They have a pretty nice tool/ resource offering.!

What are Some Bad Things About Them?!

•  They aren’t the lowest priced company in the industry. While 30% of amount settled isn’t horribly expensive, customers could benefit from a lower price. Many other companies in the industry are cheaper. However, CareOne has proven to be a very success partner for debt relief.!

•  A little more clarity from customer support could be helpful as well.!

The CareOne Community!

•  One interesting thing we like about CareOne is the community forums on their site. Current and past customers (as well as anyone else) can join the forums and contribute their thoughts about various debt topics or ask questions about their debt. !

•  As long as the community is not over-moderated, this could be a great showing of the company’s transparency. They do allow some negative comments, which we believe is a great sign.!

Mobile App!

•  Customer get exclusive access to the mobile app that allows you to stay on top of your debt situation.!

•  Some benefits and features include:!•  Payment reminders!•  Calendars!•  Creditor lists!•  Settlement proposal status charts!•  And more!

What is Their BBB Rating?!

•  A+ BBB Rating!

•  One Advertising complaint, 19 Billing and collections Complaints, one Warranty Complaint, and 33 Product Complaints. !

•  This isn’t bad at all for a company that is as big as they are. They have responded appropriately to every complaint they’ve received. !

CareOne Social Networks!•  They  are  one  of  the  more  ac.ve  companies  in  the  

industry  on  social  networks  and  have  a  profile  on  all  the  following  sites:  •  Facebook  •  Twi=er  •  Youtube  •  Linkedin  •  Pinterest  •  Google+  

 •  They  are  also  very  ac.ve  on  their  blog  and  regularly  

post  debt  related  ar.cles.  It’s  a  great  resource  for  you  to  check  out.  

What are Some of Their Associations?!

•  Association of Credit Counseling Professionals!

•  American Association of Credit Counselors!

•  International Standards Organization (ISO)!

What Does BDC Think of CareOne?!

•  Generally, we like them and believe they could serve your settlement needs well.!

•  However, their price is higher than most, and you could probably save some money with another company. In addition, at the time this was published they don’t have as many reviews as other companies, so we don’t have as good of a feel for customer sentiment surrounding them.!

How You Can Learn More!

You can visit their review on BDC: !!http://bestdebtcompanys.com/settlement/careone-debt-relief-review/!

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