The Expert Podcast

Introduction:
  • Hello, this is Dave at Car Titles Lately.
  • Lately, we've been receiving more requests for lien releases on vehicles from a lender called Yendo.
About Yendo:
  • Yendo is an innovative lending institution.
  • They offer a line of credit tied to your vehicle, similar to a credit card.
  • They hold the title of your car and provide you with a credit card to borrow against or pay down.
Important Considerations:
  • Always ensure you get a lien release from Yendo when you close the account or pay it off to zero.
  • If you don't get a lien release, the lien will remain on the vehicle.
Recent Issues:
  • We’ve had inquiries from people who had a loan with Yendo, paid off their credit card, but didn’t cancel it.
  • When their car was totaled, they needed a title to get insurance money.
  • If the card is still active, Yendo will still hold a lien on the vehicle.
Advice and Assistance:
  • Ensure you receive a lien release document when closing your account.
  • For help with the paperwork or lien release, visit our website for assistance.
  • If you need private consultation, ActualHuman.com offers live one-on-one video consultations with experts.
Community Engagement:
  • We’re interested in hearing your experiences with Yendo.
  • Share your comments on how your dealings with Yendo have gone and if you’ve had success getting lien releases.
Closing Thoughts:
  • Yendo’s unique approach to vehicle lending has been featured in various media and publications.
  • For more insights and information, check out other videos on our channel to help resolve your specific situation.

What is The Expert Podcast?

The Expert Podcast brings you firsthand narratives from experts across diverse industries, including private investigators, general contractors and builders, insurance agencies, vehicle specialists, lawyers, and many others.

Hello, this is Dave at Car Titles. Lately, we've been getting more requests for lien releases on vehicles from a lender called Yendo. This is a very innovative type of lending institution. What they do is provide you with a line of credit, like a credit card, that is tied to your vehicle. They get the title for your car, hold on to it, and 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 that whenever you close that account or pay it to zero, 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. The last couple of inquiries we received were from people who had a loan with Yendo. They had a credit card and had just recently paid it to zero but hadn’t canceled the card yet. Their car was totaled, so they had to get a title to receive 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. 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. 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 and how it worked out for you.

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. 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 straight up as a lender. They are 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.

You will be back in your video in just a few seconds. In the meantime, remember that actualhuman.com offers you live one-on-one private video consultations with an expert on this exact subject. We want to listen to your story, hear your questions, give you expert advice on your options, and tell you what we know about your particular situation. Now, back to your video. If you found this video helpful, be sure to click on other videos on our channel to see if there's further information that could give you more insight into resolving your particular situation.