Merry Christmas & Happy New Year from YadYap

It is unfortunate that YadYap is not up and running this Christmas Season to offer a better solution for those that need short term financing. However, we are excited for 2009 and look forward to the many people who otherwise would use a traditional payday loan being able to use YadYap.
We wish all of you [...]

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Credit Crunch Woes = Innovation

The recent credit crunch and economic woes are not only being felt by some of the biggest companies in the world, but are affecting access to credit for nearly everyone. A recent article found on WSJ.com titled Credit Crunch for Consumers by Andrea Coombes of Market Watch details the steps many credit companies are taking [...]

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The Payday Loan Industry - Questions, Controversy and the Delicate Balance of Risk / Reward

Many of our colleagues have brought up great points and questions regarding YadYap and the payday loan industry in general. While we are not ready to divulge all the details behind YadYap, we hope this post will help clarify some important points.

Continue reading → The Payday Loan Industry - Questions, Controversy and the Delicate Balance of Risk / Reward

Flip payday around and it spells YadYap

There are three main issues within the payday loan industry that helped give rise to the creation of YadYap:

The public’s outcry with loan rates charged by traditional payday lenders, and the lack of a good solution.
The non existence of a true marketplace to create competitive payday loan rates.
The inability for payday loan borrowers to build credibility as they [...]

Continue reading → Flip payday around and it spells YadYap

YadYap Logo Unveiled

YadYap has “unveiled” their logo! Check it out at YadYap.com.
We put quite a lot of time and thought in to what we wanted our logo to portray. We knew from the beginning that YadYap represented two different points in peoples lives. One of them is the person that is in need of short term financial help [...]

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P2P Liquidity Concerns at Prosper and Lending Club - No Problem for YadYap

In an online Wall Street Journal article titled “Peer-To-Peer Lenders Get Into Secondary Market” Arden Dale discusses the reasons for, and benefits of having a secondary market is association with peer-to-peer lending platforms. Here are the main take aways from the article as well as how YadYap’s system differs.

Prosper and Lending Club both saw the need [...]

Online Stores Related Websites
  • Zopa Guarantees Returns 5.1% But the yield is only 5.1%.  Essentially you are buying a 1 year CD in the credit union of Zopa.  Details can be found in the this Wall Street Journal article. FDIC insured guaranteed rate of return.  Yield capped at 5.1% Seems just like a credit union.  I will be glad to have......

Continue reading → P2P Liquidity Concerns at Prosper and Lending Club - No Problem for YadYap

Prosper’s September 2008 Market Survey Shows Critical Need For Yadyap’s Short-term Lending Platform

Prosper’s September 2008 market survey shows a sharp decline in P2P subprime loans that are successfully funded.
The report also shows that peer-to-peer (P2P) lending amounts are shrinking.

It is not news to yadyap that there is a dire need for a good solution offering short-term loans to consumers who otherwise would go without the ability to get any financing, or resort to a [...]

Continue reading → Prosper’s September 2008 Market Survey Shows Critical Need For Yadyap’s Short-term Lending Platform

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