Financial Crisis = Lead Rejections: What'sThe Answer ?

[steve333]

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Hi all,

With the number of financial affiliates recently shocked by the lead rejection rates primarily due to the current credit squeeze and the situation forecast to get worse over the coming 12 - 36 months affecting all lending sources; Mortgage Leads, Adverse, Loans etc.

And with press headlines like: "1 Million people in UK use credit cards to pay their mortgage "(Source - Sky News 17/10) What can be done ?

Well we at L2U have the answer.

Keep the tactics and skills that you have aquired but switch your focus to IVA / Trust Deed and Debt Management leads or at least add this lucrative income stream potential to your existing affiliate portfolio.

Our business could not be busier, we are the Fastest Payout Agents in the UK. We validate leads within 24Hrs and pay within 48Hrs. If your lead is submitted on Monday, validated on Tuesday then you have funds in your account by Friday.

Our Min payment is £150/IVA/TD lead. Guaranteed and we offer great BONUS's.

So for a reward for your efforts why dont you register with us today.

Best regards,

Steve333
Steve Howard.
Tel: 0207 863 7861.
L2U
Guaranteed Secured Loans : Guaranteed Financial Solutions London : Guaranteed-Uk.com : Car Credit UK, Manchester

[123debtsolutions]

Oh Steve, I will say this you don't give up.

I admire it, you don't get anywhere without sheer determination

I was wondering how you were doing with the new site design. You really need to sort that out asap.

Have you considered "NO Rejections" and cutting that long form down? Seriously from an affiliates point of view the long form is just too much.

Also
Can I ask how your paying out the same on TD's, feel free to answer by email if necessary. I am interested as I am on quite a good deal at the moment and can't figure the maths.

[steve333]

Thanks Lee,

I trust all is well. In answer to your questions;

1. New Site - Programmers just making design refinements on the SQL sustainable variant Dbase ( Just ask Russell what that means ?) - So looks like a good Christmas gift for all affiliates.

2. No Rejections - I will leave that to others !

3. The long form stays it separates those affiliates that are willing to work a little harder from those that are not. That is why we pay so well. But the new Dbase will allow a shorter more refined underwritting form by early 2008. Point noted Lee.

4. In general with IVA v Trust Deeds someone should go to the 'court of human rights' for all English Welsh and NI IVA clients, simply on the basis that in Scotland the term is only 36 months TD (3 Yrs) yet the rest of the UK is 60 months IVA (5 Yrs)..... Crazy if your English Welsh or from NI.

The maths is easy Lee one word volume, but you already know that our IVAs are underpriced in respect of aquisition costs and we now have 1114 websites.

We are fully pre-booked to April 2008. So why don't you stop your cash burn and join in the fun, we have 17 years experience and age old contacts via WestCorp and as yet we have not even touched on the Mortgage, secured/unsecured UK loan leads markets.

Best regards as always,

Steve.
L2U.
Guaranteed Secured Loans : Guaranteed Financial Solutions London : Guaranteed-UK.com : Car Credit UK, Manchester

[drivetowin]

Ever considered taking up baton twirling?

[steve333]

Hi Drivetowin,

Strange that you should mention the ' Baton Twirling ' I have been heavily involved in the promotion of the sport since I was little in fact only recently I applied to be accepted for the England National Squad 2008 Team, but alas just missed out on a place to two cornish pole dancing athletes....... there is always 2009.

Regards,


Steve333.

[russell cpanuk]

IVA/DM products are very useful to certain consumers; however this option should only be adopted as a last resort. NOT as a replacement for a consolidation/re-mortgage. As the damage that these products can do to the client’s credit rating, is like a nuclear bomb.

Most of the population can work through, only a very small percentage of clients really benefit from these types of products. Like it or not DM/IVA products have contributed to the present uncertainty in the Finance market. Once the massive financial gain has been taken away from the IVA company in 2008, then the product will filter back to sustainable levels.

I am asked every day by affiliates which product they should be concentrating on, “loans or “IVA” Simple answer is take the IVA while it is available, but concentrate on loans, as loans have been steady for decades.

Our own networks DM/IVA companies will be chewing my ear no doubt, after these comments, so just to try and even the score, I will end with a little plug. Take at look at Where choices change your life! Our merchants offer £100 per IVA, and £25 per DM,

[Peter1_G]

Hi Russell,

"IVA/DM products are very useful to certain consumers; however this option should only be adopted as a last resort. NOT as a replacement for a consolidation/re-mortgage. As the damage that these products can do to the client’s credit rating, is like a nuclear bomb."

A responsible quote from a lead provider and I hope affiliates will take in to account your comments when promoting products/services they know very little about


These are guidlines i give to brokers "before" they send any client for advise they may be useful for affiliates

Guide Lines and Information on Individual Voluntary Arrangements (IVA)

• An Individual Voluntary Arrangement is a Government initiated policy to help severely indebted people be free from debt and an alternative to bankruptcy. An arrangement can only be prepared and supervised by a licensed insolvency practitioner.

• An arrangement will normally last 5yrs and the client will pay from disposable income and assets. They will pay as much as they can afford of the debt. If they have assets to pay the debt in full a re-mortgage or secured loan may be a better option.

• Credit history will be affected for six years

• The creditors will write-off any debts not repaid in full at the end of the arrangement. In some circumstances this may be as much as 70%

• The debtor must have unsecured debts in excess of £20,000 and a minimum disposable income after living expenses of £250 to offer the creditors.

• They must be able to pay at least 30% of the debt total over 60 months with disposable income or as a lump sum from assets (equity release)

• They may be asked to re-mortgage their property in year 4 or 5 of the arrangement if they have more than £5,000 of available equity.

• They must be employed or self employed and have a regular income.

• We can only help with unsecured debts. Mortgage, secured debt, hire purchase are all payable as part of normal living costs.

• Debt agreements for loans must be at least 6 months old and no more credit can be taken during the proposal process or after approval

• A new bank account will be required in all cases were they owe their existing bank any money. By way of overdraft, loans or credit cards.

• An IVA is only applicable to people as a last resort and depends on the individual circumstances. Other services may be offered.

Just some things to bear in mind when promoting this type of service

Regards

Peter G

[123debtsolutions]

Hi Russell / Peter (Hope you're both well, long time no speak.)

This is exactly what I have been trying to teach.
A lot of affiliates are starting to understand more and more but let's face it, it takes time and it comes from finding the balance. You must remember that the affiliate cannot guarantee that the lead generated is going to convert and sustain an arrangement.
All the affiliate can do is lay there stall out correctly, and by this I mean landing pages, site content, form criteria inc validation and most importantly target correct and appropriate keyword terms.

By doing everything right as I am proving with my own lead generation you can achieve superb quality and most importantly clients that will actually understand their situation and show willing to listen to best practice advice whether that is IVA/DM/Bankruptcy etc.

Chin up , it aint that bad. A lot of affiliates already get it, and a lot have already taken on board the changes and have started to improve SEO/PPC and their sites.

[angiet]

mod edited:

TeakTalk - please do not continually attempt to post potentially libellous comments about other members.

[123debtsolutions]

Who is this nothing? Angeit..

I may have a case for libel here. Seeing as a comment like that could lead someone to believe that we have financial difficulties.

Anyone have any thought as to whether or not I have a case here.

Anyway Friday night and im off to speak to an insolvency practioner about my own IVA... Ohh no I can't cos the IP's are closed.
Maybe I will just wait for a cold call, then a hot-key to another company, oh and another company, oh and another company.

In fact maybe I will just hang around the forum and make unfounded accusations at some of the highest paid guys in one of the most difficult indurstries cos I am unable to achieve any success on my own.

In fact no I will stick around cos their are lots more affiliates I can con.

Keep going Angeit maybe one day someone may listen to you, and actually give a s**t.

[Michael_Anthony]

Lee - I would suggest that you have a quiet word with the mods about it.

[magenta]

if anything, i think this credit crisis will mean banks reject people with average credit ratings, which will lead to more of them coming online to look for bad credit loans, mortgages etc..