Leadpile’s Blog

Almost everyone goes to the ATM to take out cash on a regular basis. Most of the time we do not even think about the task because it has become second nature. But have you ever found yourself in a situation where you need cash and you can find every other banks ATM, but not yours? It is not a big deal going to an ATM other than your own until you see that they are going to charge you around $3.00 to complete your transaction. Then on top of that your bank sometime charges you additionally for banking elsewhere. Over time all those fees can really add up!
Is anything currently being done to lower the fees or get rid of them at all? Currently, the Federal Reserve is reviewing the matter of the rising fees. This all started to come to the service when Bankrate.com found that out of network bank fees rose 12.6% from last year. Where every dollar counts these days, it would be great if the bank fees were eliminated or at the least, decrease. It should not cost an individual $5.00 to take out $20.00.
Here are some useful tips of how to avoid these fees:
1. Only withdraw money from your OWN bank
2. Use your debit/credit card
3. Get cash back when you are at the store
Maybe we should all go back to the old school way of banking… use a piggy bank!

The holidays are here and more and more of us are getting more and more in debt trying to prepare.  The unfortunate thing is many consumers were already in a bad situation with their debt, and now the holidays are going to add to the mess.  There are various options out there to help consumers with their debt situation. Debt consolidation, debt settlement and credit repair are a few services that help consumers with resolving their debt situation.

Debt Consolidation:  Working with a company that helps you consolidate all your credit cards into one payment.  A lot of companies can even work with the creditors to pause any future late charges or excess fees from being added to the current balance.

Debt Settlement: Working with a company that works with the creditors to get balance settlements.  A certain percentage of the total debt amount is paid, versus the whole amount and the balances continuing to get larger.

Credit Repair: Working with a company to help educate and direct you in the right direction regarding your credit.  There is a lot of information to know about your credit report and how to really optimize getting the most of your credit report.

According to Consumers Affairs, here are some things that determine if you need help with your debt:

Help with repairing your credit is something pretty much everyone could use a little assistance on. With a tough economy, Americans are needing to worry about more important things like paying their next electric bill. However, when that time comes where they have the ability to get help, credit repair is a great option to look at. Credit repair assistance can be a very informative service, that once you learn what makes up your credit report, you will be able to use the valuable information in the future.
Leadpile Lead Exchange is currently generating a large volume of credit repair leads. These consumers need the help now and are looking for someone to provide that service. Knowledge is power when it comes to your credit report, unfortunately not everyone is in a position to have great credit. Knowing we have a large demand for this lead type, and the large amount of consumers wanting assistance, Leadpile has rolled out some text links/landing sites for lead sellers to use.

www.countrywidecreditfix.com
www.creditfixnationwide.com
www.mycreditjump.com
www.personalcreditassist.com
www.uscreditfix123.com

If you are currently not working with Leadpile to purchase or sell credit repair leads, I recommend it!

It is official…

Leadpile Lead Exchange is officially generating the lead type of Loan Modification.  There are so many consumers out there wanting help with the mortgages they are in, and we are now connecting those consumers with companies providing the service.

The sad part about this lead type is that the some lenders that actually issued the loans are the ones now trying to offer loan modification options.  I know this is happening because I received a letter from my original lender, however I am not delinquent on my mortgage or not about to experience any “life changing” experience to cause me to need a loan modification.  My guess is they are just sending out notifications to everyone, in hopes that there are some that took out a loan with them that are falling behind at this point. Why were things like this not offered to the consumers at the time they got the original mortgage?  We all know there are some consumers who just could not wait to get that cash out on their refinance, however there are a lot of consumers that were maybe put in loans they had no business being put in.  Our lead marketplace is here to try and match up consumers with service providers, no matter what the circumstances were.

The information we are capturing for the loan modification lead type:

1.  Full contact information

2.  Monthly Income

3.  Credit rating

4.  Home value

5.  Mortgage balance, interest rate, and adjustable, fixed, or interest only interest rate

6.  Consumers monthly obligations

7.  Have bankruptcy filings been started already

I am not sure how you could have missed what is going on with the economy, however each day there is new news. The latest news involves the government bailing out IAG Insurance Company with a 85 billion dollar loan. Last week the government was bailing out Fannie May and Freddie Mac. We are in a position of having to have our government save these mega giants. These bailouts show what kind of situation we are in now, but what could happen next?
The unfortunate side of this is that none of this has caused any major “positive” changes with our housing crisis. However, the Freddie Mac and Fannie Mae bailout has allowed rates to go down and maybe have a few more people go out and get a new mortgage loan. The latest news is the possibility of changes with Washington Mutual. Hurricanes, takeovers, bailouts, high gas prices, loss of jobs, foreclosures… is there something good going out there? There has to be! Let’s find the positive.
No matter what happens with the economy, Leadpile Lead Exchange will be right there trying to connect consumers needing services with advertisers that can provide that service to them.