If you are a Consumer Credit Counseling Company, There Is no reason for you to not use debt settlement leads. Consumer Credit Counseling is a tough business. There are many areas of competition out there for a good consumer credit counseling company. There are mortgage companies offering debt consolidation loans, personal loans, debt management firms, and of course, bankruptcy. You know that good CCC is a better benefit to a client than all of the other options, but in order to make money in this business, you need to make prospective clients know this too.
A customer who is trying to get out of debt or looking for any sort of debt relief will typically save consumer credit counseling for their last option before filing bankruptcy, especially if they are homeowners. The progression is usually along these lines: they will try to get a personal loan, and then a mortgage debt consolidation loan, and then try for moderation, and finally then turn to CCC.
However, there are some things working in your favor. The downfall of the economy is a blessing to you in more ways than just the increase of potential people looking for debt help. Most importantly, it has helped to weed out your competition. Specifically, the number of companies offering personal loans has greatly dropped, and the ones left have tightened their lending guidelines immensely. The exact same thing has happened in the world of mortgage finance as well, except that the fallout has been even worse.
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