Bank and Credit Fees Rise, Boomerang Lending Offers Loan Alternative

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Increasing credit and debit card fees drive affluent consumers to “pawn-like” loan alternative

The good news is that consumers have more options when it comes to accessing emergency cash.

As major news outlets such as the Wall Street Journal and Forbes caution consumers to pay close attention to their banking and credit relationships, today Boomerang Lending announced an alternative to rising bank fees and high-cost consumer loan options. A Boomerang Loan, like a pawn loan, provides quick access to cash by collateralizing consumer valuables such as fine jewelry giving individuals up to 6 months with no payments. Since this is a secured loan, there’s no obligation to repay and the transaction does not require nor affect the consumer’s credit standing.

As an example, a typical payday loan claims 20% of the paycheck in fees right up front. A consumer choosing a Boomerang Loan has no upfront or hidden fees.

Boomerang’s CEO Todd Hills remarked, “The good news is that consumers have more options when it comes to accessing emergency cash.” Hills added, “We’re happy to provide a convenient path to quick cash that is surprisingly affordable, and fully disclosed with no surprises.”

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. 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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Melissa Miller
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