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Thread: Payday Loans Form Needed

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    Hi,

    We currently have a a payday loans website and we work as a broker for one of the popular payday loan companies but we have no access over the data and we are using their iframe as our form.

    We are now upgrading our site and we want to have a form where it checks most of the Uk payday loans companies instantly and shows the customer which one he/she is accepted for.

    If anyone could design an application form where it checks all the payday loan companies instanly when the customer fills it in then we can pay them you for the form.

    We would also want to keep hold of the data other then just sending it through to the payday loan companies.

    Please send us quotations on how much it will be to design such an application form?

    Could you also tell me if it is more profitable to work as pay per lead or pay per deposited lead in the payday loan sector ?

    Thanks guys.

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    Unfortunately I cannot help with the form - we have the same issue with our data although we do get sent the leads back to us on a weekly export.

    With Payday Loans you really have 3 options:

    Cost Per Lead
    Cost Per Accepted Lead
    Cost Per Deposited Loan

    CashNet/Blizzard can work on accepted lead... MEM more likely deposited loan. Smaller lenders will generally only pay on deposited loan.

    I've explored CPL deals with various companies but it appears to be one of those sectors that companies don't tend to like the CPL model. If you find one - let me know!

    If you rank well through the natural searches or have the ££ to pay for PPC on Google then you can still make good money with the Accepted Lead/Deposited Loan model.

    If you want to discuss drop me your details on here or PM and we can have a chat.

    Cheers,

    Chris

  3. The Following User Says Thank You to LoanMachine For This Useful Post:

    paydayloansuk (03-10-09)

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    The main part we are interested in is a unique application form which checks multiple payday loan lenders instanly and shows the customer if accepted or not and with which company it is with.

    I guess this should be possible because most of the payday loan sites have their unique application forms and they claim to work with multiple lenders, they are also instant in giving decisions, so if anyone can do the same for our company we are willing to pay for the form designed and placed.

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    I think what you mean is that you want your own pingtree which is way more than just a form design.

    You can set up as an affiliate/broker drectly with each lender and then utilise a pingtree.

    Pingtrees are bespoke software and are useful in this niche because they take the data off the form and bounces it across a "tree" or line of your lenders automatically. The benefit being that you have a better chance of placing the lead the more lenders it goes across.

    This way the user gets a fairly immediate accept notice from the whichever lender in the tree accepts them as a viable client (assuming they are lendable). Once accepted, the lenders site takes over the application process and you are credited with the sale.At the same time your server/database keeps the data so you can use it for further marketing and whatever back end marketing you do.

    You have to design your form correctly with the right fields so that it collects all the data that is required as a minimum by each lender and that data has to ping to each lenders server as the application is submitted. Each lender have their own implementation guide and requirements to adhere to.

    Your monetisation will come from blended cpa/cpl commissions from the bank of lenders rather than from only one source.

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    Hi,

    Something that you can consider if you do decide to implement a Ping tree functionality is monetising your exit traffic with the Logbook loans affiliate programme. We have a few affiliates that currently work on this basis and has proven to work well with our Payday affiliates. If users are refused a Payday loan and all other methods are exhausted, then their next port of call could be a Logbook loan - no credit-check cash loan, secured on the value of the applicant's vehicle.

    The cash can be available within 24 hours in most cases and depending on the value of the vehicle they can lend from from £500 to £50,000!

    Commissions on the programme are £14 per valid lead which consists of a genuine applicant, who has a car registered in 2001 or sooner, which is free of existing finance. This is available on our in-house Tracktor network, which you can sign up for here. Further information on the Logbook loans programme can be found here.

    If you would like anything else more specifically then please do not hesitate to contact me on the details below. :tup

    Best regards.
    Chris
    Christopher Blower | Programme Executive
    R.O.EYE Affiliate Marketing | Manchester | Chrisb@ro-eye.co.uk Follow me on Twitter, www.twitter.com/blowerknows

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    Quote Originally Posted by paydayloansuk View Post
    The main part we are interested in is a unique application form which checks multiple payday loan lenders instanly and shows the customer if accepted or not and with which company it is with.

    I guess this should be possible because most of the payday loan sites have their unique application forms and they claim to work with multiple lenders, they are also instant in giving decisions, so if anyone can do the same for our company we are willing to pay for the form designed and placed.
    PM sent you about this.

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    Hi Chris how are u ? Can u please let me knw any company which is accepting Callcenter generate leads

    thanks



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