Need Debt Offers



mGrunin said:
I'm looking for debt offers that allow less than $10,000 minimum credit card debt. I'm losing out on a lot of leads because I am pushing all my visitors to a $10k + min, which has me losing out on the bulk of the leads.

PPC traffic. Not doing that many leads yet, still in the testing phase since I got into this niche only this week.

If there are any offers that allow $1k-$4k debt and $5k+ debt; that would be awesome. I know they should pay less, but I'd rather get paid something on that traffic than nothing.

Thanks!
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We have some good offers of debt contact me we can work it out on it :xmas-smiley-016:
 
Is anyone concerned about the FTC ruling that will wipe out debt buyers?

I know debt is popular but its almost as risky as rebills if not riskier due to the recent laws enacted. Do most of you guys get prepays out of debt companies that you run leads to?
 
mkrongel said:
Is anyone concerned about the FTC ruling that will wipe out debt buyers?

I know debt is popular but its almost as risky as rebills if not riskier due to the recent laws enacted. Do most of you guys get prepays out of debt companies that you run leads to?
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From what I understand by Oct of this year debt companies will only be able to do face to face business and only take money after the settlement has been completed. Not good for the debt lead business.
 
Senator Charles E. Schumer

as far as i know it cuts debt settlement fees in half and makes it so they cant take any upfront fees. The settlement companies only get paid if they are able to settle the debt. And debtors are able to get full refunds if they aren't able to.

anyone know different?
 
gdubs12345 said:
Senator Charles E. Schumer

as far as i know it cuts debt settlement fees in half and makes it so they cant take any upfront fees. The settlement companies only get paid if they are able to settle the debt. And debtors are able to get full refunds if they aren't able to.

anyone know different?
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The FTC amended the telemarketing sales rules to forbid any debt relief service from charging upfront fees, which covers credit card debt, student laon debt, and tax debt.

Since most debt companies are a big ponzi scheme this will literally wipe out 85% of the space in a single month.

Make sure youre getting prepays from debt companies. Most wont be around past October 27th.

Heres the link http://www.ftc.gov/opa/2010/07/tsr.shtm
 
mkrongel said:
The FTC amended the telemarketing sales rules to forbid any debt relief service from charging upfront fees, which covers credit card debt, student laon debt, and tax debt.

Since most debt companies are a big ponzi scheme this will literally wipe out 85% of the space in a single month.

Make sure youre getting prepays from debt companies. Most wont be around past October 27th.

Heres the link FTC Issues Final Rule to Protect Consumers in Credit Card Debt
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they'll be around but they'll be under the guise of something else.
 
johnysc430 said:
they'll be around but they'll be under the guise of something else.
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Not really the FTC kinda covered it all, they only hope is to get it shot down, but with all the other opposition i doubt the current debt industry model will survive to the end of the year
 
This law is so fucked up, affiliate marketers who promote a debt offer of a debt company not following this rule will be help responsible just like the debt company for damages and fines.

Copy from the law


(1) it is illegal to provide “substantial assistance” to another company if you know they are violating the rule or if you remain deliberately ignorant of their actions (this expressly applies to lead generators, back-office processors, and “dedicated account” providers, among others);
 
from what I understand, if the settlement company pays off the debt from the creditors (at least one debt paid in full) they can take an upfront fee. If this is the case, only companies with a decent prudent reserve will stay alive. GET PREPAYS FOOLS.
 
how the fuck are you supposed to know as a lead generator, what a company does with the lead?

Ive been reading a little more also, they are pretty much trying to kill the debt settlement industry, not just regulate it
 
Voting for Obama was the wrong choice. The guy he put in at the FTC is on a mission to kill every business out there. I think the debt space needs a lot of regulation but this was to aggressive

Only 5% of debt companies will be able to buy leads, but the price they are willing to pay will drop as well, supply and demand.... lots of supply little demand prices drops.

Next... Credit Cards? Payday Loans?
 
I'm not justifying it... but everytime someone goes overboard, there an even bigger pushback. Some overweight hippo goes on the news, complains about "being scammed", and begs the government to "do something". All to "protect" the consumer.

I was expecting this backlash... and am expecting one in a few months with all these penny stock offers out there.
 
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