Yendo | The Vehicle Secured Credit Card (2024)

No. If you miss a payment or pay late, you will not lose your car. We exist to help people get ahead financially, and we want to support you as much as we can. If you can't make your payments, give us a call so we can work with you.

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 is very affordable compared to other non-traditional alternatives like title loans.

We created Yendo to bring access, transparency, and clarity to the process of borrowing money when you need it most. We were sick of seeing title and personal loan companies hit people with high interest rates and fees, so when a friend lost his vehicle to a title lender in the global pandemic, we chose to build a better, more affordable system.

At Yendo, we want to reshape the lending industry to help rather than hurt. We were sick of seeing title and personal loan companies hit people with high interest rates and fees, and knew we could provide a new, better way.We were inspired by auto-lending because you can use what you have — your car — to get the money you need and build the credit you want. As you work towards your goals, we’ll be your partner through it all — from point A to point B, and whatever comes next.

No catch. If you own your vehicle, we can give you access to up to $10k at an affordable interest rate with transparent terms, without ever checking your credit.

Our top priority is to protect your information. We take your privacy very seriously. Please review our Privacy Policy to learn more.

Our top priority is to protect your information. We take your privacy very seriously. Please review our Privacy Policy to learn more.

At Yendo, we believe everyone should have access to fair and affordable credit. We understand life can be unpredictable, and the right financial partner can help you navigate the twists and turns. With our Yendo Credit Card, you can get up to $10,000 at an affordable rate by using the equity in something you already own - your vehicle! And we report to the major credit bureaus, which can help you build the credit you need for a more secure financial future.

Yes, and it’s powered by Mastercard. We report to the major credit bureaus.

You can be pre-approved in as little as 15 minutes and have a virtual card, contingent upon submitted all required documentation and approval, within approximately 30 minutes. Your physical card generally arrives within 3-7 days.

You have 30 days to pay your balance with no interest (0%, that's right!). You can make payments at anytime, but if you do carry a balance, you will need to make a minimum payment of 1% or $50 (the greater of). We're here to help, so if you do need assistance making your minimum monthly payment, give us a call.

No. If you miss a payment or pay late, you will not lose your car. We exist to help people get ahead financially, and we want to support you as much as we can. If you can't make your payments, give us a call so we can work with you. 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 is very affordable compared to other non-traditional alternatives like title loans.

No. Even though we become the lienholder, your car remains in your possession, and you will remain listed as the owner. Once you close your account, the lien is released, and the title is returned to you.

No, you can apply using either a SSN or an ITIN.

Of course! U.S. Citizenship is not a requirement for approval.

Yendo Credit Cards have credit lines ranging from $500 up to $10,000. Your credit line depends on the make, model, mileage, and condition of your vehicle and your ability to repay.

Unfortunately, you are currently only able to link one vehicle at a time. We are working on theability to link multiple vehicles and allow a larger credit line.

Yes! You can get approved as long as you meet Yendo’s other approval criteria. Our mission is to offer affordable credit access to everyone, regardless of their credit score.

Yendo reports your account behavior to Experian and Equifax. Each month, we let them know whether you have made your account payments on time and in full. Payment history is one of the largest factors considered in your credit score.If you miss your payments or make late or incomplete payments, we also report that to the credit bureaus. Such behavior can negatively impact your credit score.

A Yendo credit card provides flexible payment terms. 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 full balance on or before your due date, you pay zero interest. In the event you don’t wish to pay off your full balance, our minimum payment is 1% of your statement balance or $50, whichever is greatest. Please note that penalties, such as late fees, may increase your minimum payment requirement.

Yes! You are able to withdraw cash at an ATM using your Yendo Card. Keep in mind that cash advances immediately start accruing interesting at an APR of 29.88% and have a 3% fee.

We created Yendo to bring access, transparency, and clarity to the process of borrowing money.

1. Title loans are expensive, inconvenient, don’t build credit (Experian), and often trap borrowers in debt.
2. Yendo is easier, smarter, and more affordable, and gives you:

‍(a) The opportunity to build credit.
(b) Protection against fraud.
(c) $0 in interest if you pay your full purchase balance on time each month.
(d) A credit limit of up to $10,000 that is there when you need it.
(e) If you pay off your full balance and keep your account open, you won’t need to reapply, you can quickly access the cash when/if you need it.

We created Yendo to bring access, transparency, and clarity to the process of borrowing money when you need it most.

1. Cars
2. Light Duty Trucks
3. Vans
4. Sport Utility Vehicles (SUVs)

We only accept vehicles that are 1996 or newer and in working condition.

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 account balance is $0, Yendo will close your account and remove its lien from your title. We will then release the title to you. Or you can keep your account open with a $0 balance and pay no interest, so you can have access to your credit line.

Not quite, but similar. A secured credit card requires money to be deposited to open an account. That money is known as a security deposit, and your credit limit is equal to the amount of that security deposit.

At Yendo, we know most people want financial mobility and a financial safety net. Yendo gives you the ability to use the equity in your vehicle to gain access to credit rather than sending in a cash deposit. The credit limit will be determined by the year, make, model and condition of your vehicle. We will also take your ability to repay into consideration to ensure you are able to afford the monthly payments. Yendo credit limits are typically much higher than cash secured credit cards and don't require any investment from you.

1. Have a SSN (Social Security Number) OR an ITIN (Individual Taxpayer Identification Number)
2. Have a valid email address
3. Be at least 18 years old (19 in Alabama)
4. Live in one of the 23 United States
5. Have a smartphone
6. Have a valid government-issued photo ID (U.S or foreign), own your vehicle outright and have the title with you listed as the legal owner.
7. Have a 1996 or newer working vehicle (runs and drives)
8. Have an income that can support your monthly obligations -- we don’t want you going into debt you can’t afford

Visit Yendo.com and click "Get Started". You can get pre-approved in minutes.

1. Pre-approval. Enter your basic personal information and share details about your vehicle and receive a pre-approval offer in minutes.
2. Vehicle Information. Once pre-approved, you will need to download our app and validate your vehicle in our system by submitting real-time photos of your vehicle and your title.
3. Personal Information. After sharing your vehicle and title details, you will need to share a few details and submit a valid ID, so we can verify your identity.
4. Credit Card Activation. Once fully approved, you need to send us your vehicle title via secured mail from our shipping partner Fedex. We cover the cost of the secured shipment, so you only need to bring your phone, ID, and your title to the nearest Fedex store. Once your shipment is verified, you will be issued a virtual card for quick access to your credit line, and your physical card will arrive in the mail in 7-10 days.

Congrats! Pre-approval is good news and means you and your vehicle have met our initial screening criteria. However, you will still need to submit an application to see if you are approved.

There are some instances where you may be pre-approved but fail to qualify after submitting your application. This may happen, for instance, if we determine your vehicle has mechanical issues or if we are not able to verify your identity, among other factors. The only way to see for sure if you are approved is by submitting your full application.

With Yendo you will have access to revolving credit. Think of it as a rechargeable battery.

Let’s say your card has a $1,000 credit limit and you make a $400 purchase. That means you have $1,000 less $400 — or $600 — in available credit. At this point, you can spend only $600 more on your card before you hit your limit.

However, let’s say you now pay $300 toward your balance. This raises your available credit to $900 ($600 plus $300). Now you can spend up to $900 on your card. In a sense, you’ve “recharged” your card’s spending power.

A Yendo credit card provides flexible payment terms. 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? Paying early can reduce your interest, and if you pay your statement balance on or before your due date every month, you'll pay zero interest on your purchase balance.

In the event you don’t wish to pay off your full balance, our minimum payment is 1% of your statement balance or $50, whichever is greater. Please note that penalties, such as late fees, may increase your minimum payment requirement."