Leadpile’s Blog

As if consumers do not have enough financial stress to worry about, the credit card companies are decreasing credit limits and increasing annual percentage rates. Due to the high number of people without jobs and suffering financial hardship, the credit card companies have had billions of dollars worth of losses. To attempt to fill in the gap, the card companies are making changes effecting card holders who are behind in payments in addition to card holders who have always paid their bills on time and have a perfect history. Credit cards have in the past always been issued to people with an interest rate and credit limit based on their specific risk to default.
With the economy in the state that is has been and many people with additional debt, consumers have been forced to use their credit limits, now faced with paying off balances with interest rates that have doubled or tripled.
According to msnbc.com we are entering a new “era” for credit cards. Previously as many of us experienced, credit card offers would appear daily in your mailbox, each with enormous credit limits and interest rates that were so competitive that it made applying for the card hard to resist. Many people who “couldn’t resist” are now paying for it with the increase in interest.
Possible changes in the near future…The new Credit Card Bill of Rights. The American Bankers association has stated that the new law will limit the amount of credit that is available and it will come attached to a higher price tag. In theory, consumers will have a better idea of long term costs and terms with the new law and will allow them to make more educated decisions.
LeadPile currently helps match consumers with unsecured debt such as credit card debt with debt settlement and debt consolidation companies, but what will change in the future of credit card debt if there is a “credit card bill of rights” that gets passed? Will it really affect anything? Who will feel it the most?

Facebook is saying goodbye to banner ads supplied by Microsoft, and HELLO to more targeted ads. Internews.com reports, “Facebook, which counts nearly 400 million users, said its own display ads feature interactive aspects and can target viewers based on their personal information, making them better suited to its social networking service than Microsoft’s standard Web banner ads. Ad formats that feature social actions perform better and provide a better user experience since they are more consistent with the look and feel of Facebook,” the company said in a statement. This combination of targeting and social relevance is the primary driver behind the shift in strategy.”
This change will probably not affect Microcsoft, but it brings up a good question on taking control over your page and what the user experiences. Facebook is obviously concerned with the experience the consumer goes through, versus a deal they have with Microsoft. Is this something of the future where companies really pay attention to the consumer experience versus making the most money on the ads they choose to display? Leadpile has an ability to supply banner ads for it’s publishers, however a website owner caring about the consumer experience is something we are very much concerned with also. Consumer experience or make more money????? What is the answer you believe is right?

As a follow up to our past entries regarding the payday loan industry in Arizona, the bill that would allow lenders to continue offering payday loans has been delayed.

According the azcentral.com the bill was pulled out of a hearing agenda recently. Republican Rep. Andy Tobin supporting the bill said that currently it does not have enough support, but vowed that more support would be gathered and the bill would be brought back.

Currently payday lenders are operating under a temporary exemption from Arizona’s 36% cap on annual interest rates. This exemption is set to expire on June 30th.

In the age of the internet, trying to figure out who goes online more can be a tricky question at times. However, it seems each era of people has their own “area of interest” with the internet.
4/5 of young adults between the ages of 18 and 29 are wireless internet users, while many of them are using their laptops, some are using their cell phones and other mobile devices to access the internet. The internet is everywhere and it appears it is a way of life for most young adults.
On another note it seems that 63 percent of 30-to-49-year-olds, and 34 percent of those age 50 and older use wireless connections for the Internet. Bottom line is we all use the internet as if it was something we can not live without. What will be the next generations “must have” if the internet is now already a must have? Is there something else technologically that will roll out what young adults HAVE to have? Is there a point where parents need to control how much their children are actually on the internet, and more specifically their cell phones? What about all the other things like the ipad, iphones, social networking, texting… what is next in the technology world and what parents have to “control”?

A new payday loan law has taken effect today in South Carolina. This new law was passed with the intent to protect consumers, however it seems that it actually has an ability to hurt consumers that already have an outstanding payday loan. A local SC news channel is reporting, “The new law limits consumers to just one payday loan at a time. It sets up a statewide database, starting Feb. 1, to keep track of all payday loans to prevent anyone from having more than one. But the database will not include past payday loans that are outstanding as of Feb. 1.” So will something like this prevent lenders from staying in the state of SC? Hopefully not.. because people in SC I am sure still need payday loans even though a new law was passed.

The auto makers have been in the news lately with the Toyota recall, and now some positive news from Ford. A couple negative years of profits seems to have come to an end with Ford Motor Company. MSNBC is reporting that Ford actually had a profit of 2.9billion dollars for 2009. That’s HUGE for an industry that has had so many struggles. Ford avoided bankruptcy, unlike it’s US competitors, so how did they squeeze out a profit for 2009? It seems that the Ford Credit division helped the overall bottom line.
One thing I hope continues to move in the right direction, and that is people continue to still look to purchase cars… and more importantly they go online!

How many consumers out there have a problem obtaining a credit card because their credit has been destroyed? The answer is there are a lot of people in this situation unfortunately, and we are trying to get those consumers connected with the proper company that can help them get on the road to improving their credit. Leadpile is proud to have partnered up with New Millennium Bank to help them with these consumers looking for a secured credit card. We are looking for publishers that can help us generate these leads for the New Millennium secured credit card offer. If you are a publisher and interested in driving traffic to this offer, we want to talk to you!

Apple seems to always be on top of being the most innovative company. With the touch screen iPhone being a huge success, it only makes sense that a touch screen computer was in the works. The new iPad is said to be able to access the internet faster than a regular laptop. This little gem is only about a half an inch thick and has a 9.7 inch touch screen. There is built in wi-fi with a flash memory (available in 16 GB, 32 GB, or 64 GB), 3G wireless access, and is App accessible (which can be enlarged to fit the iPad). Let’s not forget about the hefty price tag that comes along with it, ranging from $499 – $829.
Whether it is the iPhone, Mac, or just and iPod, people seem to be Apple obsessed these days. Even here at LeadPile we are all on our iPhones and Mac computers to ensure that all of or work is being done in the most effective and efficient way. It is interesting how in a so called “struggling economy”, people always find a way to get the newest technology. I know that I will not be purchasing one of these iPad’s anytime soon, will you??

A year ago in New Hampshire payday and title loans were outlawed to “protect” consumers from the interest rates. This however did not completely stop all lenders from being able to offer additional types of short-term high interest loans to consumers.
Today the house will vote to amend the proposed bill which would put a 36% cap on annual interest rates, including some fees for any loan under $10,000. This would apply to loans and personal lines of credit. According to the Concord Monitor the vote is for a bill meant to close what some consider to be a loophole in the law. As there as been much controversy and disagreement regarding the bill which was originally discussed in the house two weeks ago with a recommendation that a bipartisan majority believed the bill to be overkill. The new proposed amendment to the bill would cap the interest rates at 36% while allowing additional membership fees, late fees and participation fees. These fees could only be charged one time and the banking commissioner would have the authority to determine what fees are fair.
Often time consumers with bad credit or in a time of need have no where else to turn for a quick loan and these lenders were filling the demand for these loans. If the loans were taken away, this would leave many people without other options. Hopefully, a decision can be agreed upon that not only has the consumers best interest in mind regarding the interest rates, but also in times of need and being able to access quick short term loans when necessary. Leadpile is watching what happens in NH………….

The last person I would have imagined who would be an advocate of social media is the Pope. I have to say hearing this on the news briefly made me want to know more. After searching the net, it seems this story is in fact true. The Pope thinks that Facebook, Twitter, and YouTube is a great way to spread a message. If you are maybe a company where there is some resistance to joining the social media buzz, you might want to reevaluate that decision. PCW Magazine is saying that in the Pope’s “message”, he acknowledges the new technologies our world is having available, so one must use these resources to spread the word. I guess religious or not, you might want to take the Pope’s advice, and that is utilize social media to spread “your” word.

House prices have not been on the rise for six straight months in a row. Fourteen out of twenty metro areas saw an increase in homes from the month before. As of November, 2009 was up 3.4 percent from its lowest back in May, 2009. Phoenix (Arizona) and San Francisco (California) have had the highest month over month increase in their housing markets. Both New York and Chicago had the largest declines in the nation. One of the largest reasons for the increase was the first time home buyer tax credit. With the original end date for the tax credit being in November of 2009, there was a rush to purchase a new home (the tax credit ended up being extended to the spring of 2010). The tax credit was a huge incentive to purchase a home, and with the home prices in Arizona being so low, it makes sense that Arizona saw one of the highest increases in their housing markets.
One of the big questions is if the trend is going to continue to increase? Some economists believe that there is going to be another dip in the housing market because of the the high rate of unemployment and foreclosures. It is expected that we will see these results in the beginning of this year. It goes without saying that now is the time to buy. Depending on the area, people are seeing move in ready houses for as low as $50,000. That is less than a college education!
If you find that you are one of the many who are having trouble keeping your home you may want to consider a loan modification or debt consolidation. Leadpile is trying to do it’s part by matching up the consumers with lenders on a daily basis! Heck, we want the economy to be better too!

POP! POP! POP! For 50 years now bubble wrap has been not only protecting and providing cushion for mailing breakable items, but has also been entertaining people of all ages! Opening a box filled with bubble wrap is tempting to almost everyone to pop the bubbles filled with air making a noise that is recognizable to almost anyone.
According to the Associated Press, bubble wrap was originally created and envisioned in the 1950’s as a new type of wall paper! Can you imagine walls covered in “fun to pop” bubbles? That would be great!!
How is bubble wrap created? One myth is that air is injected into all those tiny bubbles.. But, instead, it is trapped between the sheets after they pass over several rollers, one of which creates the indentations for the bubbles.
Over the past 50 years Sealed Air the company that produces bubble wrap has global revenues of more that $4 billion, and fans of every kind (Bubble wrap wedding dresses, hats, sleeping bags were just a few of the silly creations listed).
Ever tried virtual bubble wrap? You’ll be hooked! Try it!