Leadpile's Blog» Personal Loan

Lending Season Launches New Website!

Jason Sperfslage — Thu, 06 Oct 2011 16:57:28 +0000

A new website has been created for Lending Season with new features and is targeted towards consumers with good credit, offering personal loans up to $35,000. In the current economy there are a lot of people in need of financing, and this includes people with high and low credit scores. Lending Season has created an option for consumers with good credit and giving them access to larger amounts of funding. These personal loans may be needed for home improvement projects, funding a small business, or a variety of other reasons that someone would need financing during these hard economic times. While Lending Season is targeting consumers with higher credit scores, it is understood that people with all types of financial backgrounds may be in need of extra financing. Lending Season also has options available for people with lower credit scores who would qualify for a short term cash advance. With the upgrades to the new website publishers are seeing much better results and higher EPCs as we are seeing higher converting traffic from the site.

Banks Offering Personal Loans Again?

Natasha Aronov — Mon, 15 Nov 2010 14:51:20 +0000

The downturn of the economy has left many people with high credit card balances and not many options. Payday loans have been and will continue to be a great source of necessary and quickly needed funds for a large number of consumers however don’t always offer the larger amount loans or longer payment terms that personal loans once offered. Prior to the economy taking a downward turn and home-equity loans becoming the popular choice personal loans were the main option for many people.

Recently, as the demand to borrow money has become necessary for many, personal loans have been in demand and the supply is starting to make a comeback. Personal loans, can offer the longer terms and higher borrowing amounts than payday is typically able to and offers a much better option and interest rate than credit cards do.

Recently, according to CBS MoneyWatch, banks including Wells Fargo, Discover Financial, Citi and CapitalOne are all currently offering personal loans.

Wells Fargo – loaning $3,000 – $10,000 for lengths as long as five years
Citi – $300 – $7.500
Discover Financial – lending up to $25,000

Why Cash Advance Lenders Exclude Active Military!

Mari Woods Holt — Mon, 16 Jun 2008 18:04:52 +0000

Are you wondering why Payday/Cash Advance companies refuse to take or buy leads that are active military?

Octorber 1, 2007, U.S. Congress passed the Military Lending Act that bar lenders from charging military or their family with dayday loans that will trap borrowers in debt and typically carry high annual interest rates. The Military Lending Act will only allow lenders to charge up to 36% annually for any service members and their families. The law says Payday Lenders cannot hold onto the service members personal checks or have electronic access to their bank accounts as a collateral for this type of loan. This will allow active military to get loans with higher interest than a credit card but still far below what a payday loan charge.

Many companies out there are finding ways to focus strickly on Military loans to offer them other alternatives to loans. There are many websites that are only interested in Active Military.

Many new laws are now starting to come up that are trying to restrict lenders from high rates. My personal opinion is that a payday loan is simply just that a “PAYDAY LOAN.” If you are interested in a longer loan (a few months term or more) then go to your nearest bank and apply for a personal loan, I can guarantee you it won’t be as easy as a payday loan and the interest will still be high. All these laws being passed yet its not the lenders fault that these consumers are borrowing money and commiting to pay it back by their next paycheck, then become highly upset because they are not able to pay it back. A payday loan was design just to borrow money and help you pay those important bills till your next payday.

I just wanted to let all our readers understand why there is not a strong demand for military leads. In our marketplace however, we do have a demand for them. If you have military leads bring them here, we have a source that offers alternative and is highly interested in that lead type!