I was considering applying for the Yendo credit card, which uses your title as credit and has an interest rate of only approximately 25%. They issue you a virtual card instantly, and I have not read any negative reviews. It is still preferable to auto title loan places, though. I have lost cars there, and I did not want to get a loan for that much money. When they quote you for your car, mine was $6,000, and I did not want to get a loan for that much money.
If anyone has any advice or experience, I would really appreciate it.
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hi emma, when you receive a revolving credit line, attached to a standard credit card, backed by your vehicle.then you are eligible,for a car loan it provides a one-time lump sum which requires you to surrender your car logbook, until the loan is fully paid off.
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The credit card has an annual fee but doesn’t offer any rewards or cash back. While it’s a better option than turning to payday or title loans, it’s not the route I’d prefer. Are you thinking of getting this card to build credit, or do you need it for access to funds?