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Calling on Late Pay Direct Mail Leads
Late pay direct mail prospects can be 60 days late on a mortgage payment or 30 days late. This delinquency will not immediately be seen as something that could affect a credit report but in light of the economy it is a bad omen.The harmful effect hits at the point it is reported as "presently past due" by a lender or creditor to the credit bureau. Still, there won't really be any lasting damage to this type of late payment as refinance is a good possibility. Most homeowners do not know this and would benefit from a simple late pay direct mailer.
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When a credit report shows late payments by 30 or 60 days, there is still something that can be done about removing it from the record. You as a representative can call creditors or lenders and request to have these late payments stricken from the record on the behalf of your prospect but first you may have to interest them with direct mail support depends on the reason for the late payments and sometimes even the relationship that you have with their lender. Typically, it is feasible to have the change made especially when one or two late payments that were not successive triggered the offense.
Targeting SubPrime Homeowner Borrowers
Late Mortgage Mailers for Loan Modification work because financial Experts are interested in working with Late payment Leads on the basis of new legislation that extends through Spring of 2010. The homeowner borrower that is 30-60- 90-120 days late should be informed of all of the resources available. In news related searches it is easy to see that active changes are needed to Stop Foreclosure. Loans both modified and refinanced can be targeted for late pay direct mail lead lists . Call and our consultants can advise your company of the qualifications.
Plenty of consumers are aware that Late Mortgage payments could drastically affect their credit scores and good credit standing. However, not all of them know that a just one payment late by 90 days is already as harmful as filing a bankruptcy, repossession, tax lien or a collection. It doesn't matter if the delinquency is in paying a bill that amounted to a measly $50 or a mortgage payment of $5,000. What matters is the number of days are behind the late payments.
Loan Workouts for Mortgage Prospects
Punctuality in making payments of bills, loans, and mortgages adds up to an estimated 35 percent of the American total credit score. As such, it can be said that making timely payments is usually the main and most important determining factor when it comes to maintaining a good credit score. Having a 60 days Late Mortgage Loan payment or even 30 days Late Mortgage Loan payment would definitely affect a credit standing making a Loan Workout for this lead is a valuable resource for the future.
Lenders see late payments as a sign of not being able to handle future payments. so being late in payments at 90 days will remain on a credit report for a maximum of seven years, right from the date that the first payment was missed. With Late Mortgage Direct Mail services there exists an opportunity for a win-win situation. Consider the experience of Loan Modification Help or Refinancing as opposed to the experience of being unable to Stop Foreclosure and call to begin your teams late pay direct mailcampaign today..
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Late Mortgage Mailers - Loan Workout/Modification Lead Gen