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How it Works
Payday loans suck, we get it, and so we created Boomerang.
A brand new patented app that makes getting rid of your toxic payday loan easy AF.
All you need to qualify is a working, good condition smartphone. Really. That's it. And best of all, you get to keep your smartphone!
Here's how it works: First you scan our QR code or download the Boomerang app, which enables us to use your smartphone as collateral for an affordable loan.
Then you take a selfie, fill out a short form that helps us verify your identity and authenticate your smartphone.
Next, you scan proof of your payday loan, that includes your payoff information and we're almost there.
Once your phone is enrolled with Boomerang and you agree to your new loan terms, we pay off your existing high-interest payday loan up to $300, directly to your lender. And just like that, you save hundreds, or even thousands, in interest, late fees, and overdraft charges.
Now this is important, please make your payments on time. After 2 reminders of a late or missed payment, our app will lock your phone. Once the payment is made, full functionality will be restored.
Our Boomerang loan is an easy to understand, 4 equal payments installment loan, that reduces with every payment. In 4 months, your loan is paid off and we will offer you a Vybe secured credit card that requires no upfront cash deposit, and we'll help you build credit, so that you'll never need another payday loan again.
That's it, told you it was easy. Just a few clicks and its bye bye payday loan. Let Boomerang help you put your money back where it belongs, in your pocket.
Get started now!
Stop paying your crazy high payday loan, and Boomerang it!
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