What's the Yendo Credit Card?
The Yendo Card
Yendo is the first credit card that's backed by the value of your car. We use the equity in your car to get you fast access to money, Atlanta.
The Yendo credit card can provide access to credit for those who might not be able to qualify for other credit cards - perfect credit is not required. And, those who might be considering a short-term loan such as a payday loan.
Yendo is a real credit card, powered by Mastercard, that provides limits from $450 - $10,000. Provide us with information about you and your car to see if you're pre-approved with no impact to your credit. If you're pre-approved, and decide to continue, you'll provide us with more information about you and your car in order to complete the application process.
So, Atlanta, rather than apply for the short term solution of a payday loan, with Yendo you can access funds up to your credit limit on an ongoing basis.
Features & benefits
- Credit limit - access up to $10k in credit
- App - the Yendo app let's you manage your account, wherever you are
- Virtual card - access a portion of your credit limit prior to getting your physical card in the mail with the Yendo virtual card. You can continue to use your virtual card even after your physical card arrives as well
- Cash advances - ability to do cash advances on your card
- Credit building - with responsible usage, you can not only have access to ongoing credit, but also build your credit for potential future financial options
How it works
- Get pre-approved - this generally takes 5 minutes and there is no impact to your credit for pre-approval so you can find out how much your credit limit might be, up to $10k
- Send in your information - provide us with information about you, your car and title with our app
- Get your card - once your car’s condition is verified and your title is mailed from our Fedex partners, you’ll instantly receive a virtual credit card while we print and ship your physical credit card
- Get your money - access money when you need it, withdraw cash with cash advances if you'd like. No need to re-apply or rollover like a title loan - Yendo is a real credit card!
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Alternatives to Payday Loans in Atlanta, GA
Alternatives to Payday Loans in Atlanta
Considering the potential pitfalls associated with Atlanta payday loans, it's worth exploring alternatives:
- Personal Loans: Despite having a low credit score, some lenders offer personal loans to such individuals. The interest rates may be higher than conventional loans but are generally lower than those of title loans.
- Credit Counseling: Numerous non-profit credit counseling agencies can provide guidance and resources to help individuals manage their debt and improve their financial health.
- Peer-to-Peer Lending: This is an alternative where borrowers can seek loans from individual investors or peers online. The interest rates are generally lower, and the loan terms can be more flexible.
- Yendo credit card - the Yendo credit card lets you tap into the equity in your car to access a credit line, quickly. After approval and accepting the offer, if you're required to drop off your title, you can have access to part of your credit line the same day via our virtual card.
Compare Yendo with a Payday Loan
The cost of a payday loan
Life happens and sometimes you need access to money quickly. If you're in Atlanta, and looking for a payday loan, it's important to consider the associated costs. If you needed $2,000, for example, here is how much it might cost you with a payday loan, title loan or Yendo:
See why our customers love us!
"Yendo was quick and easy.I recommend Yendo to anyone who will listen. I'd say at least try the process. You'd be very happy.”*
"If you're looking for that credit that you've not been able to come up with, Yendo is probably exactly what you're looking for."*
"I heard about Yendo through a friend from the start through the application process, through the funding was very quick and very pain free."*
FAQs
With responsible usage, Yendo can help build your credit. We report to Experian, Equifax and TransUnion.
Yendo Credit Cards have credit limits ranging from $450 up to $10,000. Your credit line depends on the make, model, mileage, and condition of your vehicle in addition to your ability to repay.
You have 25 days after the end of your monthly statement to make a payment. You can make payments at anytime, and you will need to make a minimum payment of 1% of your statement balance or $50 (the greater of). We're here to help, so if you do need assistance making your minimum monthly payment, please give us a call.
You can get approved as long as you meet Yendo’s other approval criteria. Our mission is to offer affordable credit access to everyone.
Most Yendo cardholders have access to their virtual credit card within an hour of completing their application and mailing their title. The virtual card can be used online or with Apple, Google, or Samsung pay. A physical card will be mailed to you and typically arrives in 3-7 days.'
We will always work with you to try to establish a plan that works with your situation. However, as a lienholder, we can exercise our right to recover an outstanding balance, but this is our last option. Keep in mind that with Yendo, your minimum monthly payment can be more affordable compared to other alternatives like title loans.
You can get your title back at any time by paying off your balance and giving us a call to close your account. Once we verify that your balance is $0, Yendo will close your account and remove its lien from your title. We will then release the title to you within 10 days of payoff - please note that there may be some situations outside of Yendo's control, such as DMV processing timelines, that could extend this timeframe. Or you can keep your account open with a $0 balance and pay no interest, so you can have continued access to your credit card when or if you wish to use it.
While your official due date is 25 days after receipt of your previous monthly statement, you can pay off all or a portion of your balance in advance at any time. The best part? If you pay your statement balance on or before the due date every month, you’ll pay zero interest on purchases. In the event you don’t pay off your full balance, our minimum payment is 1% of your principal balance or $50, whichever is greater. Please note if you have interest or fees charged to your account, these will be added to your minimum payment due.
If your balance exceeds your credit limit, your account is overlimit. You will need to make a payment that brings your balance below your credit limit and make at least a minimum payment to unblock your card.