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Old 09-22-2010, 03:03 PM   #1 (permalink)
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Checkthisout Anyone having a hard time moving their debt leads due to the FTC?

I know alot of people are moving away from debt leads due to the FTC rulings coming up here in Oct. I have an attorney network that will be able to still close debt deals even after the new rules are in effect.

Please PM me if you are interested in generating debt leads and how much you are looking to get for them.
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Old 09-23-2010, 08:07 PM   #2 (permalink)
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I guess everyone is scared of debt. I can not blame you. With the attorney network the rules can be bent to still make money in the debt vertical. If anyone is interested please PM me.
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Old 09-23-2010, 08:17 PM   #3 (permalink)
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there is no exemption for lawyers. Good luck though
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Old 09-24-2010, 02:10 PM   #4 (permalink)
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Quote:
Originally Posted by mkrongel View Post
there is no exemption for lawyers. Good luck though

If lawyers are not exempt would that bring any trouble to me directly for generating the leads even though I have nothing to do with the sales siode? I don't want to waste my time if I can be liable for anything.
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Old 09-24-2010, 04:10 PM   #5 (permalink)
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Quote:
Originally Posted by dtstim View Post
If lawyers are not exempt would that bring any trouble to me directly for generating the leads even though I have nothing to do with the sales siode? I don't want to waste my time if I can be liable for anything.
Under the new FTC rules you as a marketer are liable if the debt company doesnt follow the rules.
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Old 09-25-2010, 12:10 AM   #6 (permalink)
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I own a debt relief company, we help people with both debt consolidation (credit counseling) and debt settlement. We found a way around those lame laws... you guys need someone to sell or generate leads for, here I am. Create a landing page, lets discuss a price and get on it. Ive got 15 people in a room here in los angeles so let me know
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Old 09-25-2010, 04:15 PM   #7 (permalink)
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lol the way around it is to shut down. Comply or go out of business. All marketers in the debt space i hope you read the law, you're now liable for the debt companies actions. Debt consolidation, settlement, counseling, student loan debt help, tax debt help, any promise to reduce debt now carries still fines for all if the end company doesn't follow the law properly.

This is the first law the FTC has said they will go after the marketing companies/affiliates if the end company doesnt follow the law, it says youre supposed to ensure that once you generate and sell a lead that the sold lead is being sold following the FTC rules and consumers are not charged ANY upfront fees, if it isnt its $10K fine per incident (aka lead). Adds up fast if you do 100 leads a day
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Old 09-25-2010, 04:24 PM   #8 (permalink)
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.....But, if you hire a programmer for $10k to make a "Custom financial success kit" that sells as a tangible product, (a product that goes in their hand) as physical property and label it as a fee for our financial analysis and have your legal team research this in detail your in the clear.

So many just say "setup fee, consulting fee, or give them nothing in exchange for a deduction" (hence illegal). We worked out this nonsense a month ago. We're also an offshore entitity.

If you guys wanna send leads, we can workout a cost per application. I'll also sign an agreement of nondisclosure, no one will know you generated the lead (and if so, in fine print advertise as a financial success kit, with the benefits of consolidation).

People who give up, let them fall scared to the FTC and their goons.

Let me know.






Quote:
Originally Posted by mkrongel View Post
lol the way around it is to shut down. Comply or go out of business. All marketers in the debt space i hope you read the law, you're now liable for the debt companies actions. Debt consolidation, settlement, counseling, student loan debt help, tax debt help, any promise to reduce debt now carries still fines for all if the end company doesn't follow the law properly.

This is the first law the FTC has said they will go after the marketing companies/affiliates if the end company doesnt follow the law, it says youre supposed to ensure that once you generate and sell a lead that the sold lead is being sold following the FTC rules and consumers are not charged ANY upfront fees, if it isnt its $10K fine per incident (aka lead). Adds up fast if you do 100 leads a day
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Old 09-25-2010, 08:29 PM   #9 (permalink)
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Quote:
Originally Posted by Dresden14 View Post
.....But, if you hire a programmer for $10k to make a "Custom financial success kit" that sells as a tangible product, (a product that goes in their hand) as physical property and label it as a fee for our financial analysis and have your legal team research this in detail your in the clear.
That is how we got around it when I ran a Credit Counseling service. We started getting hammered for charging upfront, so we stopped, and instead sold them a coupon book for $197 which included our services.
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Old 09-26-2010, 01:05 AM   #10 (permalink)
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When you ran? Im assuming past tense, as in not in business anymore. How the hell did you sell a coupon book? I would be like WTF. We dont even mention it, and throw it in the agreement(s) and break it to them over time until their file gets boarded. I rarely get complaints. But yeah anyone wanna affiliate through me or shoot leads let me know and we can all make bank


Quote:
Originally Posted by JustFU View Post
That is how we got around it when I ran a Credit Counseling service. We started getting hammered for charging upfront, so we stopped, and instead sold them a coupon book for $197 which included our services.
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