I have been speaking to a number of mortgage gurus over the last few days and the prickly topic that keeps cropping up is mortgage miss-selling. Read the rest of this entry »

The british chamber of commerce have stated that rates will be on hold for quite some time. Read the rest of this entry »

In my opinion the recent emergency Budget has been one of compromise, with the Lib Dems fighting for the poor on one side and the Tories fighting for the rich on the other. Read the rest of this entry »

TrumpoMatrix Press Release.

11^th June 2010

 TrumpoMatrix sign exclusive partnership agreement with the UK’s largest

affiliate network in finance: Online Media Group (OMG).

 Lee Birkett, CEO of TrumpoMatrix comments,

For the last twelve months we have proved and developed the unique TrumpoMatrix pay per transaction (PPT) online platform with a number of lead aggregators, media partners and trusted adviser groups. We are pleased to announce the next stage of our development by providing the TrumpoMatrix (PPT) platform to the affiliate marketplace.

Following months of development work with the team at OMG to bring our two platforms together, we are pleased to announce a mutually exclusive agreement with one of the UK’s most successful affiliate programme providers.

Million’s of enquiries and applications are made each month for financial products over the internet. OMG provide an affiliate platform for over 7,000 trusted publisher partners who via their websites originate 125,000+ insurance and credit card applications per month via the OMG platform. 

With OMG’s publishers having great success accessing insurance and credit card products via OMG’s platform, it became a natural development to provide their publishers access to complementary products to their current offering. After all, a large percentage of credit card applications are turned down on credit score, so client access to loan and or debt advice products is natural stepping stone.

TrumpoMatrix have no desire to deal with 1000’s of website publishers and OMG have no desire to deal with 1000’s of advisers. As TrumpoMatrix are fully integrated with the UK’s most trusted debt and loan companies/advisers the synergy became extremely compelling.

The products that OMG wish to provide to their publishers as detailed below, are financial products that need advice to ensure they are suitable to a consumers needs. At TrumpoMatrix we currently operate the only trusted adviser pay per transaction (PPT) platform so the coming together of our respective platforms made perfect sense.

The TrumpoMatrix platform provides these 7,000 publishers with access to the UK’s leading advisers in the following product verticals;

Debt Management

IVA

Secured Loans

Unsecured Loans

IFA advice (Pensions/IHT/Investment)

Independent Life Insurance Brokers

Independent Mortgage Brokers

Claims Solicitors

This is an exciting step in our development, the TrumpoMatrix and OMG teams have invested a great deal of time and effort into this relationship and we are both looking forward to delivering 100,000’s of enquiries via the TrumpoMatrix (PPT) platform to our trusted advisers.”

Richard Syme, CEO of Online Media Group comments,

“We are extremely enthused about our developing partnership with TrumpoMatrix and the ability to implement its pay per transaction online platform at OMG.

Our relationship will provide a platform for our affiliate network to confidently enter the lead generation market thanks to this mutually exclusive agreement.

At OMG we provide the UK’s strongest financial affiliate network for over 7,000 trusted publisher partners, who originate 125,000+ insurance and credit card applications per month.

TrumpoMatrix operates the only trusted adviser pay per transaction platform and is fully integrated with the UK’s most trusted debt and loan companies. OMG has no desire to deal with thousands of advisors and the TrumpoMatrix platform will offer our publishers the opportunity to access the UK’s leading advisers in an impressive array of product verticals.

The synergy of our respective operations therefore makes complete sense and we look forward to a long working relationship, offering our clients exclusive access to loan and or debt advice products via the TrumpoMatrix (PPT) platform for the foreseeable future.”

—ENDS—

 About Online Media Group (OMG):

Online Media Group is a performance marketing company formed in 2002 by ex Virgin Money and Aviva Staff. Three Divisions, OMG Search, OMG Network and OMG VisiOne. Operations in UK, France, Germany, Poland and India.

Clients include: O2, RBS, Financial Times, Santander, Asda, Eurostar, Co-OP.

About TrumpoMatrix

Trumpo Ltd is an online media, software and data business. The business was established in 2005 as consumer website Trumpo.com to generate leads for Mortgage and Insurance Brokers.

In 2006 Management identified the need for a software platform “TrumpoMatrix” to generate new business enquiries for advisers on a back end, pay per transaction (PPT) basis. The unique and innovative TrumpoMatrix platform operates in contrast to the traditional up-front lead purchase platforms and up-front pay per click (PPC) advertising platforms operating in the UK.

In the last twelve months Trumpo Ltd have established commercial relationships with a number of national media groups and award winning advisory firms to deal with the growing number of new pay per transaction (PPT) enquiries being delivered over the platform.

Welcome Debt Advisory Line LLP to Trumpo.com

Read the rest of this entry »

Within the last few hours, Northern Rock has reduced its mortgage rates for the second time in two weeks. Read the rest of this entry »

Trumpo says that they have been extinct for some time. Read the rest of this entry »

A very worrying trend is developing, more and more people are applying for loan advice via Trumpo because they are in trouble with current credit cards and loans.

Not unusual you would think, however these people can actually afford to pay their loans and credit cards, and they have paid regularly for a number of years. The lure of free money was so attractive that people have paid upfront fees to dodgy claims companies who guaranteed that the agreements were unenforceable and they could write the debts off.

These unfortunate people are now being chased by debt collectors, their credit history is shattered and the loan agreements are actually enforceable.

What these claims companies fail to tell their victims, is that their credit histories will be shattered as soon as they stop paying the loans and credit cards.  We have learnt that customers have been told that all their credit agreements and loans where “unenforceable” due to a legal loophole and their was no need to keep paying the monthly payments - yes a number have cases have been found in favour of clients and the debts written off, but it is highly unlikely that a person with say 5 different cards and loans will have them all wiped out – it’s just a con.

What you have to realise, is that the banks and credit cards are not charities. If you put yourself in their well heeled, big bonus shoes for a minute –  if you loaned money to somebody, and that person tried to get out of paying via a loophole,  would you ever provide a loan, credit card or mortgage to them again ? – Think about it. With the power of technology and the consolidation of the worldwide financial institutions you could be completely blackballed from obtaining finance ever again.

Trumpo advises anybody who does actually go down this road, or is already down it, to continue to make payments on all your cards and loans, remember, if it sounds to good to be true – it probably is!

Please be careful and dont part with any money upfront to anybody !

Your Trumpo.

Whilst I fully support this warning statement and its sentiment, we have issues with the FSA and ”pot calling the kettle black”. 

The OFT and FSA have justifiably raised the issue, and the much welcomed warning is to protect consumers from being ripped off.

Real Trumpo Client Experience: A client made an application online via a google advertised website thinking they had applied to AN Other Bank for a personal loan, they where then duped by a  slick call operator to part with £50 via a debit card on the false pretence that they had been approved for the loan. A 1000 of these a week is a lot of £50’s!  This is clearly missrepresentation and obtaining monies by deception.

Trumpo has an ongoing issue with the regulators own “Money Made Clear” website. When you search Google for Mortgage Advice – guess who is paying to advertise at the top of the google search engines on the term “Mortgage Advice” and inviting customers to click their advert to complete details via their own website for “Mortgage Guidance”, you guessed it, The FSA.

The FSA does not give mortgage advice, so surely they should not be able to bid on this term as it could be deemed missleading?

I wrote a very strong Blog on the subject in May 2008 and we had 43 passionate responses, and a lot more we couldn’t publish.  http://www.trumpo.com/blog/business/fsa-plonkers-drop-another-clanger/

Your honest comments on this subject will be warmly received.

Your hard working Trumpo.

99% of complaints to the ombudsman found in favour of the consumer. Read the rest of this entry »