Quick Loans

Traditional payday lenders all work on the same premise: everyone who applies for a quick loan is a high risk borrower. Even if you pay your quick cash loan back on time, your high risk designation never changes. The problem lies in that typical payday lenders offering short term credit don’t evaluate individual borrowers. Everyone is lumped together in the same category.

At Yadyap, however, borrowers are rated individually based on their Yadyap Score—giving them the chance to prove themselves to YadYap lenders by paying their loans back on time. Each time a borrower pays a quick loan online back as agreed, that Borrower’s YadYap Score will improve (unless, of course, it’s already perfect).

Social lending creates rates based on supply and demand

Unique to YadYap is the marketplace factor. Unlike traditional payday lenders, we don’t set interest rates. YadYap lending peers do. By allowing YadYap lenders to bid on your payday advance, your interest rate may go down—which makes borrowing quick, easy and much more affordable.

Plus, through our YadYap Score, paying your quick payday loans on time lets you build your own credit on YadYap as well as confidence among YadYap lenders. It’s a simple premise: pay back your quick personal loans on time and YadYap lenders will reward you with lower interest rates.