How to Recognize Aged Debt Settlement Leadsby James lost
In today?s sagging economy with many people seeking debt settlements, many lenders and attorneys are finding themselves paying higher costs than are necessary for credit repair leads. Debt settlement lead generation is turning into a booming industry with lead generation companies offering what they claim to be the best debt settlement lead for a potential client and a short period later offering the same lead to another client for a lower cost. While this is an unethical practice, in reality it is not illegal. Debt settlement lead generation companies are seeking to take advantage of the many potential clients who are looking for lenders willing to work with them.
The cost of debt settlement lead generation can be a substantial one for the lenders and attorneys seeking to help their clients get out from under mounds of debt. They see nothing wrong with charging different prices for credit repair leads and do so at the cost of the clients who are seeking the information. In reality the cheaper credit repair leads may lack something in the end: freshness. The reason is because the lead generation companies often offer these additional credit repair leads 24 hours after they sell the original leads for a higher price. This means those clients may have already offered the best debt settlement lead from the list to their clients.
Can be control this type of unethical practice within the industry? The only way to effectively prevent charging different prices for the same credit repair leads is for clients to force the prices down by refusing to purchase credit repair leads above a specific price. Would this practice work? While in theory it may seem like a solution, there will always be those who will pay any cost for debt settlement lead generation. Unless there are actual industry standards developed for credit repair leads and debt settlement lead generation there are not likely to be any changes. .
Why are these additional costs placed on lenders and attorneys? When consumers are in need of debt settlements, they will naturally approach lenders or attorneys for help. There is no need for consumers to seek the best debt settlement lead on their own; someone else will be doing the negotiating on their behalf?at least in most cases. These consumers will seek either an attorney or the services of a debt management company who will then work with lenders to develop a debt settlement plan. The debt settlement lead generation company will force the prices up for the companies seeking the lists who will in turn pass the costs on to those seeking their help.
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Created on Dec 31st 1969 18:00. Viewed 0 times.