LeadPoint reveals debt lead demand rise

LeadPoint has revealed it is now trading 200 debt leads every day.

The trading exchange platform says it has experienced a steady increase in demand for individual voluntary arrangements and debt leads after launching into the sector in January.

Nick Chapman, managing director of LeadPoint, says: “With the current market conditions, brokers need to diversify into new areas and our debt and IVA leads allow brokers to get into new markets quickly, as well as offer a controllable and measurable way for specialist debt companies to source new business.”

He adds: “Brokers can potentially earn large referral fees if they have customers in debt that they refer onto debt management companies. Buying leads offers them another way to increase their revenue in these difficult times.”

The rise comes amid LeadPoint’s plans to provide a trading platform for various other types of leads.

Chapman adds: “We have extremely ambitious growth plans to become the number one lead generator in the UK and launching new lead products will help us achieve this goal.”

In the next few weeks LeadPoint will launch into PayDay Loans – bridging loans of £80 up to £750 up until borrowers’ payday – and protection leads.

LeadPoint now trades mortgage, loan, private medical insurance, debt management and IVA leads.

Brokers can create a LeadPoint account for free and start buying leads within minutes after signing up.

The service allows brokers to generate new business and launch into new various markets.