We already insure each shipment with Lloyd’s of London...we’re now making each evaluation available to our customers thru online video viewing. We are the only ones doing this in the world. We call it VideoValuation™.
Denver, CO (PRWEB) November 20, 2010
As more U.S. consumers consider the alternative of using assets they already own for a secured loan, they inevitably face a trust factor: Will my lender give me a fair evaluation of my luxury items? Now with VideoValuation™ from Boomerang Lending, customers can watch Boomerang’s GIA-Certified evaluation experts appraise their goods.
In a national research study sponsored by Boomerang Lending, 45% of affluent consumers stated they would consider obtaining an online, collateralized loan. However, the same consumers identified they would require significant assurances around the fairness of evaluation and security of their goods in order to apply for such loans.
“It’s understandable that people are concerned. After all we’re asking people to put their items into FedEx envelopes and send them to our evaluation center in Denver. That’s why we already insure each shipment with Lloyd’s of London. And why we’re now making each evaluation available to our customers thru online video viewing,” said Boomerang’s Director of Evaluation, Andrew Streyer. “We are the only ones doing this in the world. We call it VideoValuation™.”
Boomerang Lending makes quick and secure collateral loans against fine jewelry, watches, fine art or almost any luxury item in as little as 24 hours. Applications are taken online so customers can loan themselves money from their own homes. Items ship free of charge to Boomerang Lending via FedEx insured up to $50,000 per shipment by Lloyd’s of London. Expert evaluators assess the market value of the asset and make a loan offer to the customer (via Boomerang VideoValuation™). If accepted, the customer has 6 months before being required to make a payment. Boomerang returns the item to the customer free of charge, again fully insured by Lloyd’s.
About Boomerang Lending
A member of the Better Business Bureau, Boomerang Lending offers mid-term, collateral-backed loans quickly, securely and privately at 60 percent less than traditional short-term collateralized loans. Boomerang Lending executives have 25 years experience in the collateral lending industry. Based on its experience and proprietary valuation technology, the company guarantees premium value loans for customers’ assets. Boomerang Lending provides personalized attention to its customers and maintains transparency throughout the entire loan process. For more information, visit http://www.boomeranglending.com.
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