Leadpile’s Blog

In light of what is going on the economy, direct mail credit card offers have continued to see a decline. According to DMNews, direct mail production has been continuing to fall since the 3rd quarter of 2007. Now things are probably getting worse for those issuing the credit cards, because of the tighter belt on lending guidelines. With costs high to do direct mail campaigns, and the inability to lend to as many people as they want, credit card issuers are having to face the idea of either cutting back, or looking at other options to generate business.
Leadpile Lead Exchange works with a lot of lead types relating to the financial industry, however generating credit card leads is not something we have had a recent demand for. Is this maybe something that will now change, as advertisers look for more cost effective ways to generate business? We certainly can look at generating this lead type if we have a high enough demand. However, maybe consumers overall will shy away from even applying for a credit card. I believe the payday loan industry will continue to strive to be the go-to lender consumers lean towards. Trying to get qualified for a “standard” credit card or loan, is going to be harder and harder these days to get.