You were running late for your part-time job and parked your car in the student union parking lot just for five minutes. It was enough to get you a $200 parking ticket though. You decide to do the mature, responsible grown-up thing and take care of it yourself (and this way your parents don’t need to know). How do you cover it?
a. You can empty your bank account. But then you’ll be eating whatever you can find in the back of the fridge for the next week.
b. You charge it to your credit card. But you’re only supposed to use it for emergencies and you’ve already charged two weeks worth of “emergency” Postmates deliveries.
c. You take out $200 of BoroCash. You choose to pay back over 6 months, making your monthly payments $35 a month. Not only that, but you build your credit history in the process.
In college, sh*t happens. With Boro, you can have up to $2000 at your fingertips for whatever you need and whenever you need. So, how do you get started?
1. Download the Boro app
Apply in the app and our decision engine will have an answer for you in seconds. You’ll verify your phone number, put in your home address and then verify your .edu email address. We’ll conduct a soft pull of your credit report which won’t hurt your score.
2. Choose your options
If you’re approved, you’ll know your monthly payments up front, including your interest before you agree to anything. You can get up to $2000 and choose payback options between 1 and 12 months.
3. Get BoroCash
Connect your bank account using our secure system and your BoroCash will be deposited directly into your account within 1 to 2 business days. After that, get spending! Use BoroCash for just anything. College students have paid for textbooks, spring break trips, and even parking tickets (no judgement here).