Can You Get A Yendo Lien Release Of Title?

Hello, this is Dave Pelligrinelli at Car Titles. Lately, we’ve been getting more requests for lien releases on vehicles from a lender called Yendo, and this is a very innovative type of lending institution. What they do is they provide you with a line of credit, like a credit card, that is tied to your vehicle.

How Yendo Lending Works
So what they do is they get the title for your car, they hold on to it, and they give you a credit card that you can use to borrow against or pay down. It’s not any kind of fixed amount—it’s a very innovative lending business model. But what you want to make sure of is, whenever you close that account or pay it to zero, that you get a lien release from the lien holder. That way, if you ever need to sell your car or trade it in, you actually have a lien release.

Customer Experiences with Yendo
The last couple of inquiries we received were from people who had a loan with Yendo. They had a credit card, and they had just recently paid it to zero but hadn’t canceled the card yet, and their car was totaled. So, they had to get a title so they could get their insurance money. Remember, as long as that card is still active, they’re going to hold a lien on that vehicle because you could charge it up any day.

Importance of Lien Release
You want to make sure you get a lien release document. If you need assistance on how to do that, you can check out our website. If you want assistance with the paperwork, we can handle that as well.

Yendo’s Unique Lending Model
This Yendo credit lending on vehicles is an interesting new twist on vehicle loans, and I’m wondering if anybody here in the comments has experience with it. Did it work out for you? What has your experience been dealing with that company? So far, we’ve had really good luck dealing with them to get lien releases. As long as there’s no type of conflict with the company, they’re very good at providing the documentation.

Yendo’s Customer Relations
In some cases, even when there’s a delinquency or a charge-off, they have provided a lien release because it’s a charge-off. But in most cases, they will deal with you very straightforwardly as a lender. They’re very well-known, and if you look at the bottom, they’ve been featured in all kinds of media and publications for their unique and novel approach to lending on vehicles.

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