Leadpile’s Blog

Sad days for those in AZ and OH with regards to payday loans.  Many are not sure how these initiatives lost in the voting, however they did.  This is going to affect a lot of brick and mortar stores located in these states.  This is a very large deal, because there are quit a few stores located in these states. Where do we go form here?

According to PDL blog, image might have had something to do with being able to get legislation passed on the payday loan industry. Did the misconception of a payday loan really have that much affect on those that were voting on these propositions, or did voting consumers really not want to have payday loans around any longer?  Now some lenders in these states and going to be closing down some of their stores. So how will this affect the internet payday loan industry? Will it be affected?
The good news is that some of these lenders that will be closing down locations, will now be looking at alternative options to offer the consumers. One of the alternatives is a short term unsecured loan.  This type of alternative will then be able to still provide some assistance to those that are in a temporary situation, but do not have the ability to get a payday loan or any other “bank” loan.

Time will tell.  I am sure all eyes will be on this industry to see if this recent legislation will affect what direction other states pursue……. or if there is a way to “try again” to get this legistration overturned.  Leadpile Lead Exchange realizes that there are consumers that really need assistance with their unforseen debt/bills.  We will continue to try and match up those consumers with the lender that can help them take care of this issue.  Loan modification, tax debt relief, debt consolidation, debt settlement, credit repair and others are lead types where we are trying to get the necessary help to the consumers.

Time is running out for consumers to read up on all the popositions being presented to them on the November 4th ballet. One thing that is being voted on in the states of Ohio and Arizona, is in regards to payday loans.  How much does everyone really understand about payday loans?  One myth I thought very important to point out:

Myth:  Payday lenders hide fees and mislead consumers.

Fact:  Just like any other service or loan you obtain, there is a cost to do get that loan or service.  In addition, any payday loan you take out there will be a cost to taking out the loan.  According to the CFSA website, “The cost of a payday advance is fully disclosed to customers on signs in the stores and in disclosure agreements. Moreover, in accordance with the Truth in Lending Act (TILA), the terms of the loan are clearly outlined in the lending agreement. Payday advances involve single, flat fees and there are no hidden charges, balloon payments or accruing interest. CFSA members also provide an educational brochure emphasizing responsible use of the product and offer a free right of rescission should the customer change their mind.”

CFSA also went on to say that in a recent survey 96% of the people were aware of the fees associated with taking out the payday loan.  Just like with any other loan, there are documents presented to the consumer with all the fees of doing the loan in black and white.  Are people sometimes just so anxious to get a loan, that they do not take the time to read the documents they are signing?

Leadpile Lead Exchange wants consumers to read everything before agreeing to take out a payday loan, or any other loan.  Knowledge is power!

The payday loan industry is getting a lot of attention, especially in the states of Ohio and Arizona. Those on the outside possibly do not fully understand the payday loan industry and there are some misconceptions about the short term loans.

Myth: Payday loan lenders do not want to be regulated.
FACT: According to CFSA, this is quit the contrary. Most payday lenders do want to be regulated and have certain industry guidelines. However, there are those that are trying to eliminate the industry as a whole, and not deal with keeping the “good guys” in business.
Currently, there are 37 states + the District of Columbia that have payday regulations. CFSA is working on trying to get regulations implemented on the remaining states, however they are not wanting to see the industry go extinct. Therefore, the question is… why is the payday loan industry going through such tough scrutiny, when in comparison with credit cards and other financial services there are similar costs/fees associated with them?
Leadpile Lead Exchange understands there are a lot of myths about payday loans, however the key is for those that are not fully educated on the industry, to read up to fully understand all aspects of this financial product compared to others. There is good to these types of loans, and they are sometimes very much needed.

In an effort to help distressed homeowners, Arizona attorney general Terry Goddard is asking mortgage lenders to set up streamlined modification plans for their mortgage customers. This is similar to what Countrywide recently rolled out to their mortgage customers. In addition to AZ, there are 9 other states such as California, Ohio, Illinois, and Texas. According to The Phoenix Business Journal, the lenders these states are approaching are Wells Fargo Home Mortgage, JPMorgan Chase, Morgan Stanley Home Loans, HSBC Finance Corp, Citigroup, and American Home Mortgage Servicing Inc.
I am not sure why all 50 states are not apart of this action, however it seems like a logical way to start putting a dent in what is going on with all the bad loans on the books. I hope we will hear more about this, because this might be one of those occasions where we WANT the government to get involved.

According to The East Valley Tribune Saturday, Scottsdale City Council has voted to impose tougher regulations on payday loan stores that are in Scottsdale, AZ. This was imposed to try and decrease the number of stores in the city. The Scottsdale City Council had agreed to implement minimum distance requirements between these payday loan stores. The specifics of the new restrictions will be determined in upcoming council meetings. Mayor Mary Manross had previously requested the council to pursue new regulations, saying she wanted to avoid an increase in stores that do not “lend themselves to uplifting neighborhoods and centers.” Also, Proposition 200 will be voted on by the public in November to determine whether to allow payday loan operations to continue past their current expiration date of July 1, 2010.
Should Scottsdale be able to control the number of payday stores doing business in it’s city?

I am an election board worker at my local polling place, and every year when it gets closer to election time I get excited and a little concerned as to what changes there may be for the  election that I am working. Changes in the law happen every election, even if it is only from September to November, and there are so many laws to remember. Which party can vote this ballot, what time do we open/close the polls, what happens if someone gets sick while working and many other things that may or may not happen.  I always enjoy the day and really have fun mostly when handing out stickers that say “I voted today” to those who voted. Some people even ask for the stickers when they don’t get them right way. Those sticker shows everyone how proud they are to have voted every year when a Senator, Congressman, or Representative gets elected.

To me when I hear people complain about things I often wonder if they are doing something about it. The best way to make your voice heard is to get out and vote. Don’t sit and complain and then if things don’t get better or change think that you can’t make a difference. Every voice heard is one more for change. In Maricopa county we had a large number of independent voters attempt to vote in the Presidential primary and I don’t think that has happened in the past. they were not allowed to vote because it was a party preference election but they still came out to make their voices heard. They wanted to make a difference whether it mattered or not in the final count. It mattered to them.

To make sure that you are registered to vote check with your local recorders office. Also make sure that your records are up to date so that you don’t end up going to the wrong place to vote and have to travel to another polling area wait in another line and then vote.  Next step is to make sure you know where your local polling place is. That information is vital to voting as well as knowing if you are registered.  You also need to check to see what kind of ID is required. In Arizona you need 2 forms of ID.  Remember what dates your elections are on. All elections should be listed on your local recorders web site.  It is very important to learn what you can about the candidates. You want to be an informed voter and not just vote for someone just because you “think” they will do a good job.  You can always volunteer to be a poll worker. Since you are going to the polls anyways. You get to meet your neighbors and I know I always have fun. I get to work at my daughter school so we always eat lunch together. Most important is to get out and VOTE! It can make a difference.

http://www.canivote.org/

MicroClick Ads Turning Affiliate Marketing Upside Down, Reports LeadPile

Phoenix, Arizona -July 8th, 2008 — Within three weeks of announcing the introduction of their new “MicroClick Ads”, LeadPile has created quite a buzz in Affiliate Marketing Circles throughout the United States, Canada, and the UK. Leadpile, The World’s Largest Online Exclusive Lead Marketplace, or Lead Exchange, has reported that the MicroClick Ads have contributed to a 17% increase in production for selected Lead Publishers, and have helped LeadPile to continue its position as the leader in the Lead Exchange Revolution.

What are MicroClicks? Simply put, MicroClick Ads are very small single page mini sites that open a new window enabling Affiliate Publishers to have much more control over their own sites than with “Old Fashioned Affiliate Programs”. The MicroClick ads are a tremendous innovation for Publishers desiring to monetize their traffic. To see what everyone in Affiliate Marketing is talking about, please visit http://www.leadpile.com/microsites.html

The MicroClick Ads give Publishers total control over their own site giving them more compelling monetization opportunities for their content.  For the first time ever, Leadpile’s MicroClick Ads place Publishers in total control of their own sites, and their own income because MicroClick ads are located their own Websites, and secured on Leadpile’s Secured Servers. MicroClick Ads have been designed for those Publishers knowledgeable with HTML and JavaScript, and those who are not. Inserting the MicroClick ads into a website is fast, simple, and easy.

Andy Jacob, Founder of Leadpile, says “There is absolutely no limit to the number of MicroClick Ads a Publisher can place on a site. All they need to do with their site is to target each keyword that they want, add the simple code automatically provided by the LeadPile System, and the LeadPile Lead Exchange does the rest. Jacob says, “This could be a game changer for Affiliate Marketing as we know it.”

About LeadPile:

Leadpile, the World’s Largest Exclusive Online Lead Marketplace/Lead Exchange, offers the Lead-Gen “Space” the Largest, centralized location for Buyers and Sellers of Exclusive Leads to engage in an exclusive  Lead Exchange, or Lead Marketplace. The Leadpile Marketplace allows the Originators of Leads, and the Lead Buyers themselves, to decide what price they are each willing to sell, and buy, their leads at, and the way in which the lead delivery will take place. Visit LeadPile at http:///www.leadpile.com , or visit the Lead Exchange Blog at http://www.leadpile.com/lead-exchange-blog.

Payday lenders in Arizona should be open for business until at least 2010. Yesterday, a group called Stop Payday Loans withdrew their proposal to shut down Arizona’s payday-loan-industry. They needed at least 153,000 signatures to get on the November ballot, and they were only able to collect 30,000 signatures. The group now says they will focus on reform rather than on repeal. Things could get interesting as we approach for 2010, but for now let’s hope ethical, helpful, non-predatory lending will continue.