Title Loans Raleigh, NC | Yendo Credit Card
Use your car to apply for a line of credit in Raleigh and skip the expensive title loan. Perfect credit not required.
Congratulations, you've been approved for the Yendo credit card!
How much do title loans cost?
Compare the cost of a traditional title loan with Yendo:
Thinking about a quick title loan?
Here are 5 reasons to think twice:
High interest rates
Title loans are known for their exorbitant interest rates, which can often lead to borrowers paying much more than they originally borrowed.¹
Predatory lending practices
Some title loan companies are known for their predatory practices, including misleading terms and hidden fees.²
Debt trap
High rates and short terms make repayment tough, often leading to a cycle of new loans to cover the old, trapping borrowers in debt.³
Negative impact on credit score
While some lenders might not check your credit score before issuing a title loan, failing to pay it back could negatively affect your credit score.⁴
Expensive short-term solution
Title loans may offer quick cash, but their long-term costs often outweigh the short-term benefits. Alternatives like personal loans or borrowing from friends can be more affordable
1. https://www.yendo.com/compare-yendo
2. https://www.consumerfinance.gov/about-us/newsroom/cfpb-orders-titlemax-to-pay-a-10-million-penalty-for-unlawful-title-loans-and-overcharging-military-families/
3. https://www.responsiblelending.org/research-publication/debt-trap-drives-fee-drain-payday-and-car-title-lenders-drain-nearly-3-billion
4. https://www.myfico.com/credit-education/whats-in-your-credit-score
How Yendo calculates your minimum payment
Yendo's payment estimator helps you calculate your approximate minimum payment. Simply enter your statement balance, so you can plan ahead with confidence.
*About the Payment Estimator. Minimum payments shown are approximate and assume full credit utilization, with a minimum payment calculation of 1% of card balance + fees and/or finance charges, as applicable. Your minimum payment could be higher or lower based on how much and when you spend during your statement cycle, any payment activity, and fees (such as returned payment or late fees). See Yendo’s Cardholder Agreement, which is available upon approval, for a full description of how we charge interest and calculate minimum payments.
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Features and benefits of Yendo
Credit limit
Access up to $10,000 in credit and accounts are periodically reviewed and can be eligible for a credit limit increase assuming qualification.
Cash advances
Sometimes you need access to cash, and fast. With the Yendo credit card, you can get up to $400 daily cash advance to help you out when you need it.
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.
Credit limit increase
Keep payments on track and watch your credit line grow automatically. Consistent on-time payments mean greater spending power with Yendo.
Payment rewards
Set it and forget it. With Autopay Rewards, you’ll earn a 1.5% statement credit on eligible purchases just by staying enrolled in Autopay.
Customers love the Yendo credit card
"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, credit history, 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 + interest and fees. 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.
Apply today
Access up to $10,000 in credit with Yendo.
