Yendo offers a credit card that uses the value of an eligible vehicle as collateral and, according to the supplied campaign description, may provide up to $10,000 in revolving credit.
Who is it aimed at?
The campaign targets eligible US car owners, including consumers with limited or no credit history who are exploring alternative credit options.
The most important consideration: collateral
This is not the same as an unsecured credit card. Because a vehicle is used as collateral, consumers should understand any lien, default and repossession consequences described in the current agreement before applying.
Costs and eligibility
Do not assume approval or a particular credit limit. Verify the current APR, fees, eligibility criteria, vehicle requirements, credit limit methodology and repayment terms directly in the official disclosures.
Geographic restrictions
The supplied affiliate campaign excludes AK, HI, IA, LA, ME, MD, MA, MN, MO, NJ, NY, OK, SD and WI. Availability can change, so confirm eligibility before applying.
Credit-building claims
No lender or publisher should promise a specific credit-score improvement. Payment behavior and many other factors can affect credit scores.
Verdict
Yendo may be relevant to eligible car owners who understand secured credit and have compared the total cost and collateral risk with other borrowing options. Read the current agreement carefully before applying.
Review Yendo current eligibility and disclosures