Does your debt, including housing expenses equate to more then 50% of your monthly income? For many the answer would be yes. This number is very important when evaluating ones financial health. Are you only paying the minimum amount on your credit cards? By doing this you are probably only paying down the monthly interest and not even making a dent on the principal. Do you cringe when you see an 800 number on your caller ID? Are you using credit cards to purchase items you used to pay cash for? All these red flags indicate it’s time you speak with a credit counselor before your finances get even worse. If a debt management plan doesn’t work there are only 2 other options, debt settlement and bankruptcy. The NFCC created a quiz called “How Do I Know If I’m In Financial Trouble?” consisting of 20 true-or-false questions. If more than two or three ring true you may need to seek financial assistance.

Leadpile specializes in Debt Settlement and Bankruptcy leads, contact us today to become a buyer or seller.

Paying off your debt can be one of the most rewarding and experiences and bring a feeling of relief. Often times if you have multiple sources of debt, there is one that bothers you more than the others do even if the payoff amount or interest not as high.

According to CreditCards.com not all debts carry the same psychological weight on people. Debt amounts that are linked with negative events such as divorce, fraud or medical can often times bring stress to a person. Even as this might bring emotional relief, it can be financially more beneficial to pay off the higher interest rate first.

Emotional attachment to debt does not always equal importance of repayment order. Looking at all of your debt amounts and weighing the cost of the interest and long term effects on your credit is a smart way to determine what should be priority in paying down first.

Debt settlement and debt consolidation are both options for consumers looking for debt relief options. Through Internet generation and live transfers LeadPile helps consumers in need of help find companies that are able to offer assistance in consolidating or lowering debt.

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Have some money burning a hole in your pocket and looking to make an investment? Trading your nickels and dimes for gold might an investment worth checking into. The precious metal had jumped in price 15% since February this year and doubled since 2007. Gold prices have historically shown to drop in economic times of crisis as it did after the Great Inflation in the 1970’s.

There are options when buying gold – owning the physical metal in bars or coins, however getting the gold delivered to you may be pricey and if you are buying large amounts you will need someplace to store this. Buying stock in gold mining companies may be an easier option, however this does not always trade at the same value as gold.

Another option for investment in a period of financial worry can be firearms.

Interested in becoming a publisher or advertiser of Cash For Gold leads with LeadPile? Reach out to a LeadPile team member!

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July is fast approaching for banks and their inability to charge overdraft fees to debit card consumers who use their debt card with not enough funds. In the current scenario, debit card consumers can have a transaction go through even if they do not have the funds available in their bank account, and then pay for it with high dollar overdraft fees. With this new federal reserve law that goes in effect for new debit card consumers in July (and in August for current banking customers) will not allow banks to charge overdraft fees to consumers that did not opt in for overdraft protection. In July’s scenario the consumer’s transaction will be denied versus processed and then charged high overdraft fees. This is now causing banks to scramble on how to recover from having all these “FREE” checking account offers they have in place. Where will the banks now make up for this lost revenue?
Is this really different than what a payday loan is? Why are banks not going through the same scrutiny as payday loan lenders are going through? Oh wait maybe the

Every year, iPhone users anticipate the latest and greatest technology from Apple.  To date, AT&T has had the exclusive rights to the Apple iPhone, but is it possible this may be ending?  Loyal Verizon consumers are hopeful.  In the past few days, rumors have announced that the new iPhone could work on the CDMA network, which is used by Verizon Wireless.

Mass production of the CDMA iPhones could start in September 2010, however, some analysts forecast the release of an actual Verizon iPhone would be more likely in 2011.  Opening up the iPhone availability to Verizon, which has over 91 million customers, would greatly expand the iPhone market.  It is estimated that it would nearly double the number of iPhones in the U.S.  Those are numbers that Apple can’t ignore forever.

As of January 1st 2010, a new payday lending law was imposed in Washington. “The new law limits the size of a payday loan to 30 percent of a person’s monthly income, or $700, whichever is less. It also bars people from having multiple loans from different lenders, limits the number of loans a person can take out to eight per 12 months, and sets up a database to track the number of loans taken out by people.” This will be something that lenders will now have to pay attention to.
Leadpile will be watching the status of Washington and payday loans, because we work with publishers nationwide, and we will be interested in any legal changes that happen in this particular state.

Going a day or two without hearing something on the news about our unemployment rate or consumers buried in credit, has not really happened lately. So it really was not a surprise for me to see MSNBC.com reporting that, in the month of September, there were almost 125,000 bankruptcy filings. This is one of the highest months ever, since the bankruptcy laws had changed back in 2005. We are all waiting to see if the housing market is really starting to become more stable, and this then could help us to see this bankruptcy filing statistic go down, not up. It’s like a domino effect, once the housing market truly becomes stable, more people will hopefully be keeping their jobs because our nation’s consumers will begin to feel okay to spend money to keep our businesses open.
Leadpile will continue to monitor the legal industry, and will continue to try and connect some of these consumers needing legal help. Sometimes it is not a matter of filing bankruptcy, but just a case where someone needs to be connected with someone that can give them some much needed advice. Leadpile is generating bankruptcy leads, and will continue to do this as long as there is a need for these consumers to get help online.

With everything that has happened in the financial market in the last few years, many question if the responsibility falls on the consumer or the lenders (or both)? Is the responsibility of the lender to make sure the customer 100% know what they are signing, or it is the responsibility of the customer to ask questions if they do understand what they are signing? There are advocates on both sides, however the government now feels it needs to step in. NPR is reporting that Congress has drafted legislation that would allow the government to oversee all consumer financial products such as credit cards, mortgage loans and payday loans. This measure would prevent consumers from getting any sort of “loan” that they did not fully understand what they were signing. I am not quit sure how something like this can be regulated, but the government wants to step in and try to protect consumers in these sorts of situations. Many legislatures feel that the past behavior of our banks was that they would shop around till they found a lender that would take on their “unique” client situation. Unfortunately, what this caused was those “unique” consumers to then fall behind on their mortgages because they really can’t afford that mortgage.
No matter what, if you agree with government intervention in our financial market or not, the bottom line is our country needs something to change. The right answer is not always that easy to figure out, however one thing I do know is that to change our financial market there needs to be a combination of many people/groups that need to come together to protect customers…and sometimes protect the lenders (the good ones).

Phoenix June 30th, 2009 — LeadPile, The World’s Largest Online Exclusive Lead Exchange announced today record results for its MicroClick Form (http://www.microclick.com) in June, 2009. LeadPile reports a record number of Lead Verticals being served by its MicroClick Form with Lead Sellers producing leads in 61 different verticals in the month of June. This makes the LeadPile MicroClick Form the most widely used Multi Vertical Lead Generation Form in the lead Marketplace and Lead Exchange Industry.

LeadPile’s Centralized Online Exclusive Lead Marketplace supports thousands of affiliates that use the exchange to sell to suitable lead buyers. By using the LeadPile MicroClick Form, Affiliates can focus on driving traffic to their pages and not on managing lead buyer relationships. Over 90% of LeadPile’s active affiliates are currently using the MicroClick form, offloading the responsibility for lead collection, management, technology infrastructure, and quality control to LeadPile.

Astoundingly, LeadPile’s MicroClick form has been used to produce leads as diversified as Tax Debt Relief, Home Improvements, Business Loans, Health Insurance, Equipment Leasing, Credit Card Processing, Cash For Gold and more.

Andrew Jacob, CEO of LeadPile says, “The LeadPile MicroClick Form allows us to handle leads across multiple verticals, including payday, starter credit, debt consolidation, credit repair, bankruptcy, auto financing, and homeowner. While the majority of leads currently being exchanged in the  Marketplace are in the Financial sector, the fact that Lead Sellers are using the MicroClick form to produce leads in over 60 verticals is very rewarding for our team.

Jacob adds, “I would like to personally thank our existing Lead Buyers and Leads Sellers for their business, and it is our promise to everything we possible can to help them in their efforts by continuing to provide the type of technology infrastructure and transparency that they have come to both expect, and deserve, from LeadPile.

To read more, please visit http://www.LeadPile.com/

According to Hitwise.com, in the last month of 2008 Google accounted for 72.07% of US searches. I know, this is no surprise, but the part that caught my eye was what categories people were searching.

This article breaks down the subject matters that consumers searched for on Google, and I was a little surprised financial related searches were so far down on the list.

Of the people who searched on GOOGLE, here is what categories they searched:

Health and Medical   44.45%

Travel  36.24%

Shopping and Classifieds  25.81%

News and Media  20.54%

Entertainment  24.83%

Business and Finance  19.19%

Sports  13.33%

Online Video  33.69%

Social Networking 17.87%

Leadpile Lead Exchange deals a lot with financial lead types so this is a little surprising to me.  People searching for a payday loan, new car, debt help and other finanicial assistance I would have thought would have more people looking versus the “travel”?  Are people traveling these days and trying to find deals still?  Maybe it is time to promote our vacation offer.

According to Forbes.com, the big 3 auto makers have concluded testimonies in front of Congress. They are requesting emergency financial assistance and failed in their first attempt in front of Congress. Round 2- they get another chance to plea their case. However, Congress is looking to see if these big 3 auto makers actually have a plan in place. According to Forbes, “What they likely want to see is how the carmakers will lower their labor costs and develop more fuel-efficient cars U.S. consumers will want to buy. The companies are happy to lay out their future product plans, which include more hybrids, plug-in electric cars and new turbo-charged gasoline engines that sip fuel. But the rest is tougher to do.”  Let’s see how the next week or so pans out for GM, Chrysler and Ford.  My fingers are crossed for you.

Leadpile Lead Exchange, and I am sure all other lead companies, are hoping something positive comes out of the meeting with congress. We would love to see the demand pick back up!  

Did you hear?  The Fed cut a key interest rate today to 1%.  This is the second time in 3 weeks that the feds have done this.  So how is it going to affect the average consumer?   The immediate answer is there is not going to be an immediate affect on consumers.  However, there is some potential to see this benefit you in some way (maybe indirectly or down the road).

The problem is not necessarily that the rates are too high, however a lot of the issue is consumers who just don’t know if they can pay back the loan.  This is a concern of the consumer and also for the lenders. At some point or another money has to start flowing through to consumers for loans and lenders have to lend it. Where does the waterfall effect begin so the economy can start heading in the right direction? I am not sure anyone knows the answer, but in the meantime Leadpile Lead Exchange will generate those leads of people looking for various financial assistance.
Stay tuned……………..