payout on leads

**cyates** · 19-09-07

Hi guys,

just wondering if anyone can tell me the average time it takes for a secured loan lead to go through and payment to be made when its on a % basis

cheers

Chris

**dealfin** · 19-09-07

Hi Chris,

it very much depends on the loans size as if its under 25k it has to go through a consideration period. But if its over 25k and the client gets the info back to get the deal paid out you could do it in a week.% commision you would expect is dependant on who you use. Time from a deal completing to being paid with some is within a week and with others you get paid the following month.

**cyates** · 19-09-07

hi mike,

just sent you a pm

regards
chris

**Michael_Anthony** · 19-09-07

With us, it's between 4-6 weeks as an average, but can be as little as 2 weeks (under £25k as mentioned above) and as long as 9 months to a year.

In all honesty, averages are pretty misleading here - it's how long YOURS are going to take that is the issue

**cyates** · 19-09-07

had loads of replies vi apm .. cheers everyone

also michael.. regarding the emails we had .. i might be in a position do the leads soon

Chris

**Michael_Anthony** · 19-09-07

Thanks - ready when you are mate.

To be honest, our setup doesn't really work for small merchants. I would rather turn down business than take on a merchant who has either too few staff or inadequate experience with online leads as they will ultimately decide that the leads are the problem, not their business. In fact, I had precisely that conversation with someone who contacted me via this place just two days ago.

What we offer doesn't work for everyone - a big business with a 7 days per week call centre that jumps on every lead right away will make it work. A few guys in a rented office with company cars and big dreams are probably better off without us, and building their own site and doing some PPC would be a better option. You can always come to us once later once you get to the point where your own efforts aren't delivering adequate volume, by which time you'll be ready for us and we of course will be glad to have you!

**cyates** · 19-09-07

yeah i understand .. im working with multiple brokers now all of which im seeing great conversions from web based apps

so i'd split all leads between them

will give you a shout soon hopefully

**magenta** · 22-09-07

Originally Posted by cyates

Hi guys,

just wondering if anyone can tell me the average time it takes for a secured loan lead to go through and payment to be made when its on a % basis

it all depends on the merchant, some pay on loan draw back. also some merchants update their leads weekly and some do it monthly.