The YadYap Score

A YadYap Score is a number from 1-100. A good way to think about the score is like a grade on a test from 1-100. A score of 100 is perfect while a 40 would be like getting an F on the test. A good YadYap score is like having a good credit score, or a good payday credit score.

The YadYap Score is calculated somewhat similar to other payday credit scores, using only loans that have been paid in full including principal and interest. If a borrower has a past loan where all or part of the principal or interest is not yet paid they will not be eligible for a YadYap loan until the unpaid amount is paid. If a borrower pays a loan off in full through a payment plan the YadYap Score calculation will be prorated accordingly for the borrowers benefit.

A borrower who has a loan in Default will have a YadYap Score that says “D” “Default”. A new user who has never taken out a YadYap loan will have a YadYap Score that says “NU” “New User”.

There is a formula for calculating your YadYap Score. The number of loans you have taken through YadYap is divided by a number that is assigned according to your performance as shown in the table below:

There is no reason you should not have a Score close to 100. We want you as a borrower to succeed. If you need to extend a loan or work out a payment plan with us we are glad to work with you. The great thing is that a loan extension if paid when it is finally due will have the same affect on your Score as paying on the original due date. Even a payment plan if followed will not negatively affect your Score as much as paying the entire loan late.

See the example below to see how a YadYap Score is calculated:

Joe Borrower has taken out 8 YadYap loans since he first started using YadYap. Joe has paid all of his loans in full even though a few of them have been late. If one day, Joe was thinking "how is my YadYap score calculated" he would come here to see how his 8 loans have performed: