Hey guys, I'm currently managing a debt consolidation and mortgage loan modification affiliate program and am looking for some affiliate input on the interest level such a campaign generates for affiliates. The gist of it is simple: For debt consolidation you get 1% of your referred's debt paid out through the term of their consolidation contract. This can take anywhere from 1 - 2 years depending on the terms the client agrees to. It can be a slow process for pay, but median debt is $30,000 and average is much higher due to the odd $100k+ debt. I earned $576 on my first referral to this program and it took me all of 2 minutes work. For loan modification the payout isn't quite as simple. It's 10% of the size of the mortgage, minus $500 for brokerage and lawyer fees, and then 10% of what's left is yours split up into two payments. For a 300k Mortgage modification we'd be at 3k - 500 = 2.5k * 10% = 250/2 is $125 a payment. Not too shabby for a single conversion. Basically debt consolidation is great for larger earnings while loan modification is great for very short term earnings as you get your first check generally within a few weeks. With a lot of clients we can land both a debt consolidation AND a loan modification because they both cover two different sides of debt. Debt consolidation is unsecured debt, no mortgages, etc. Loan modification is about fixing up the interest rate of mortgages for a while. All that said, what sort of interest is there in this program? Is this something that you think can be promoted? Would you run an adwords campaign with this, or go with more organic content? We're at the stage where we're developing all the tools we need to make our affiliates' jobs easier so any assistance you can provide would be much appreciated. Anyone willing to give us their input in this thread will get an extra .2% on debt consolidation and 2% on loan modification for the first three months of their enrollment in the program.
I read the post "Debt Consolidation / Mortgage Loan Remodification Aff Program".... It is very informative. Even I agree that Consolidating high interest loans, credit cards and over-drafts etc. using a debt consolidation loan can save you money by reducing your monthly payments into one lower monthly payment, giving you more money in your bank each month. This not only reduces your monthly outgoings (sometimes quite considerably), but also gives you an end date when your loan will be paid off.
You got be kidding me, if you don't close, affiliate do not get paid? Get real, pay per lead, simple as that.
Thats shit. Dude, If you arrange a payout of 35$+ per lead of debt consolidation, I can supply you hundreds per day. But need to sort things out. Do PM me if you can really pay me that much. Remember, i dont bother whether a deal is closed or not. I will give you the person's Name, Zip, Phone , Email ID and Amount of Debt he has (More than 10K USD). You need to call him up and discuss stuff. Similarly for mortgage refinance, if you can get me a payout of 50$+ per lead, do PM me. I can give you volumes of 100+ leads per day.
Do you really have such an affiliate program for the debt consolidation/load mod? PM me if you do have, and I'm interested.
Use these credit card debt calculators to find out how much you are really paying by making the minimum required payment. It can definitely open your eyes. ===============================================