Leadpile’s Blog

Credit repair is one of the most demanded lead types in the financial industry.  The demand for this lead type continues to grow & grow.  Credit is a major part of “The American Way”, but it also helps you qualify for loans, lines of credit, buying a home or car, and for some it might even determine your career.  
Everyone with bad credit needs to take advantage of companies assisting them to bringing up their FICO/credit score.  Spending a few hundred dollars restoring your credit could save you a lot of money in the long run! For instance, when buying a car or home you will qualify for a lower interest rate, which saves in your overall payment you are making each month. Also, you will be able to then qualify for credit cards, to have around for those unexpected expenses that arise.  

LeadPile Lead Exchange is an expert in gathering consumers that need help today!  Let LeadPile be a part of your organization and supply you with some GREAT QUALITY credit repair leads. 

In recent months the debt vertical has become a very popular, yet challenging vertical to work with. Understanding reasons consumers have gotten into debt and the specifics that the lead buyers are looking for, has been something we have worked on to fully understand.
According to Bankrate.com there are 10 main reasons why consumers get buried in debt. Understanding more about debt allows consumers to be more educated and ultimately try and avoid these types of situations.

1. Reduced income, but same monthly expenses
2. Divorce
3. Poor money management
4. Underemployment
5. Gambling
6. Medical expenses
7. Not saving money or not saving enough money
8. No money communication skills
9. Spending money you don’t have yet
10. No understanding of money

These are all scenarios any consumer can be faced with, including myself. With the economy being very tough right now, many lead generation companies are focusing on the debt vertical. Fortunately, there are various types of debt help that the consumers can get, but most consumers do not know the difference between one another.
The main details that debt consolidation and debt settlement companies are looking for is the amount of unsecured debt. What is unsecured debt?
Unsecured debt is debt that is not secured by any collateral. For instance, credit card debt, medical bills, cell phone bills and other collection accounts. Most debt companies do not work with secured debt such as mortgages, tax debt, student loans and auto loans.
Leadpile Lead Exchange generates a lot of debt leads. Lead types such as debt consolidation, debt settlement, and credit repair are all types of leads we are generating that are there to assist the consumers with the debt/credit. We are connecting the consumers that need help, with those companies that can help them get out of debt.

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On a previous post I spoke about Lower My Bills (LMB) and some changes they were going through. However, I think I am seeing some changes going on again. Looking around on the net I saw some of those “dancing” people, yet the advertisement were about AUTO INSURANCE? Yeah, auto insurance! The ad was a LMB advertisement about lowering your auto insurance rates. So, is LMB RE-focusing on other industries besides JUST refinance? If you take a look at their website it talks about all sorts of lead types, however I guess we usually all know them for mortgage, NOT insurance. Maybe something new is in the works?

According to RUMORY.com, some companies could be experiencing some potential changes to adjust with the declining economy. Tough times right now for just about any industry. I will say Leadpile Lead Exchange is fortunately thriving while others are going through some tough times.
Will all the major online lead generation companies survive, and if they do what will their main focus for lead gen be in?

Many in the world would be so jealous of a particular women who had a lot of debt (20k), created a website, and asked for help. This equaled HUGE success for a lady named Karyn. You have to hear about this success story and really how effective the internet is…. and that there are lots of other people in the world with lots of debt! The difference is: Karyn asked for help and got it!

Debt is a common part of what each person in America has, but have you ever thought about taking control of it by asking for help through “other” means? Most of us have not, however what we do do is either continue to struggle paying the minimum payments each month, or we just stop paying them. However, maybe more of us need to get creative and use some different resources to get help.
Then again, there is the traditional way and that is to try and work with specialized debt consolidation/debt settlement companies that help customers in this situation. I know a lot of people are submitting their request for more information about debt help, because the debt lead type is a HUGE lead type in the Leadpile Lead Exchange. Not all of us are as bold and entrepreneurial as Karyn! Either way, I give her props because she is now debt free and continuing her life now as a successful author.
IF YOU WANT IT… GO OUT & GET IT!

Anyone who has taken out a loan of some sort, applied for a new job, or rented an apartment knows how much your credit score matters.  Think about it, most employers are even pulling your credit.. insurance carriers are pulling your credit… and of course the lenders are too.  What is the big fuss about someone’s credit score?  Well, one thing I have learned over the years is, it is probably one of the most important things in our life! That sounds bad, but really it is.  How can a 3 digit number that no one has any idea how it is made up, have such a large impact?

In today’s economy a lot of consumers are finding out the answer to that question.  People trying to refinance their home are being faced with the fact that their bills have fallen past due and now they can not get a loan.  Consumers are trying to find new jobs because their employers are going out of business. However, they are not getting that job because according to their credit score they are a “high risk” employee who can’t take care of their personal finances.  So, why would they hire you if you can’t even take care of your own bills?  Insurance premiums are going up so consumers are looking for new insurance companies, but finding out that their rates might not have been so bad compared to their new rate estimates they have received.  Why?  The insurance company is pulling your credit for things such as auto policies, because they say that statistics show your credit score has a direct impact on your driving skills(better chances of NOT getting in an accident) and your ability to pay your bills.  They think that those with bad credit scores are going to get in more wrecks and not pay their bills? Unfortunately, there has been some controversial findings that have been known to show some truth to that statement.

What makes up a credit score?  First, you need to know that the range of your credit score can be anywhere between 350-850.  Secondly, you need to know that there are 3 different credit reporting agencies (Transunion, Experian, and Equifax) where your lenders can report your credit history to.  Thirdly, there are a combination of things that make up your credit score such as your payment history on credit cards and loans, your total outstanding debt versus available credit, how long you have had the loans/credit cards open, how many people have pulled your credit (inquiries) and a whole bunch of other “unknown” factors. So now you know who pulls your credit, why people pull your credit, and what makes up your credit score. How do you fix it?

The first step is getting in the right direction regarding your credit is to become educated on everything that is linked with your credit score and what is on your own credit.  Then get with a company that deals with credit repair and walk through the process with them on FULLY understanding that credit report(s), and how you both are going to work on getting it better.  When searching the internet, look for credit repair sites.  

Companies like Leadpile- The World’s Largest Online Exclusive Lead Exchange-  deal a lot with this lead type and understand that the companies buying these leads really are out there trying to get your credit score higher.  Then your credit score does not affect you getting that next job, next insurance policy or paying REALLY high interest rates.

Debt is becoming a big space in the lead industry.  Look at gas prices. The average state is paying $4 plus per gallon.  How does this affect consumers?  Simple, they are paying for gas with their credit cards.  According to an article read today Bankrate reported an average credit card interest rate at 13.42%. This mean that consumers are not only paying for the high priced gas but also interest on it.  

You see how this relates in the debt space.  Consumers are falling behind on their credit card payments as the economic headache is affecting their everyday lifestyle.  

Debt Settlement and Debt Consolidation companies more now than ever are in urge of helping these consumers with their debt.  Meaning, they are buying more leads.  The demand for leads in the Debt space is high as the consumers are becoming more buried with debt.

Good time to start spending marketing revenue on this lead type!