Frequently Asked Questions

Common Questions about Yendo

What if you missed a payment or are unable to make payments?

According to Yendo, being a few days late on your payment is not ideal and could result in a late fee of twenty dollars. However, they won't report it to the credit bureaus immediately. If you notify them about your payment difficulties, they will work with you to establish a suitable plan. Repossession is their last option, and they prefer to avoid it.

"If you go too far past due or notifying them that you have trouble paying, they will work with you to establish a plan that works for your situation."

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What happens if you need your title back?

You can retrieve your title at any time by paying off your balance and contacting Yendo to close your account. Once your balance is verified as zero, they will remove the lien and release the title back to you. Be aware that closing a credit account can impact your credit score.

Will my credit line fluctuate?

Generally, your credit limit will not change despite vehicle depreciation. Yendo values vehicles to account for depreciation, ensuring stability in your credit line.

Can you apply with more than one vehicle?

Currently, Yendo allows linking only one vehicle at a time, but they are working on a feature to link multiple vehicles to one account.

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