YadYap

Just like our name, we’re turning things around in the short-term credit industry. We’re bringing down the exorbitant interest rates. We’re reducing costly fees. We’re creating an alternative: a social lending marketplace where regular people can receive a cash advance from regular people.
 

YadYap is a peer to peer lending platform structured in an auction-style format. Borrowers seeking a payday loan create an individualized borrower profile and make a loan request. Profiles can include information about the borrower and the reason for requesting the loan, or they can remain generic. Borrowers are rated according to risk based on third-party credit history and their YadYap payment record (YadYap Score). Paying YadYap loans back on time ensures a better YadYap Score and lower YadYap interest rates in the future.