Debt Relief News

Debt Lead Company offers & saving tips for debt settlement, consolidation, credit repair
April 13, 2009

Voice Broadcasting Provides Hot Live Transfer Leads

Author: admin - Categories: Consumer Debt News, Credit Market Updates, Marketing - Tags: , , , , , , , ,

A former California mortgage broker operating a growing loan modification company and recently tested “Press 1” leads for foreclosure prevention and was pleased with the live transfer features.  The mortgage relief outreach reported better than average results from poor credit internet loan mod leads and direct mail marketing.  In addition to mortgage, the lead generation companies have reported high conversion ratios with credit counseling and debt settlement companies as well.

The former mortgage lending company is now diversifying their marketing with Voice Broadcasting method and it is a communication technique to reach more number of customers in a simple way. 

The loan modification company likes the efficiency of voice broadcasting leads and says they can be cost-effective with good mortgage data. This lead generation system enables easy management for the loan modification leads. The voice broadcasting leads are available from companies like the Lead Planet and Experian.  Read more at Live Transfer Leads Offer High Conversions When Voice Broadcasting.

March 9, 2009

Mortgage Modification Affect Credit Reports

Author: admin - Categories: Consumer Debt News, Credit Market Updates, Published Debt Relief Articles - Tags: , , ,

Maintaing affordable home loans with mortgage modification plans remains a cornerstone of the Obama administration’s housing relief programs for distressed homeowners. Obama’s mortgage relief team allocated $75 billion for an initiative that would reward loan servicing companies for reducing mortgage payments for five years, after which they would rise to today’s current mortgage interest rates which,  remain in the glorious 5% range.  How long will that last? Nobody really knows…

By now, most homeowners understand that a foreclosure judgment is a “significant ding” that will reflect in the credit score and perception of manual underwriting for many years to come. Being delinquent on your home mortgage payments is a serious issue, but if you or your loss mitigation company are already negotiating with your lender, it certainly doesn’t hurt to attempt to get the lender to remove the delinquencies. It’s amazing how powerful a letter from the creditor says that they “made an error in reporting.” But several readers recently wrote to Lisa Sitkin, in an effort to get clarification on the impact of loan modification and the long standing credit implications. If the lender doesn’t agree, consider credit repair.

Borrowers should also request that prior past-due derogatory comments on the credit reports be changed to reflect new current status after the mortgage loan modification. Read more at Credit Hit from Wave of Loan Modifications?