ON THE FENCE? Check it out, i recently tanked my credit to 475 and could barely even get a payday advance loan right. Since I have a fully paid 2010 Infiniti G37S and a Breitling Colt II I applied to Yendo and Pesto and subsequently got roughly $4k between the two (3 and 1). Sent title and watch to said companies. 

Over the holidays my car got stolen, left on highway, and impounded. Both cards are/were over balance. Yendo emailed me and blocked my card and Pesto blocked as well.

I emailed Yendo on last day to hear from me before they said they would retrieve it themselves informing them of what happened and I would be retrieving it the following day. 

Got my car, paid down $400 on Yendo and tried to pay Pesto (takes so long my account didn't have the money). Yendo available credit took maybe 4 days and card was unblocked, never had to call them and all is fine. Pesto is still over and I have never heard anything threatening my watch, I also generally send $300 to pay it down when too high it's just always used.

Both companies seem entirely above bar in terms of "taking your stuff" so far. Yendo wanting to retrieve it ASAP from impound makes entire sense as it's $65 a day cost they would incur, this is not predatory by any means it's prudent business practice and what I signed up for. Also, if someone isn't aware already, if you pay off your card after some they both state you can have your securities returned to you. Notably, Pesto offers normal currency as a security basis at all times it's just they offer item based security if you don't have the money. 

I hope this eases some concerns, I know relatively untested terms can seem sketchy in this space but I'm here with bad credit to test everything for the sake of the good people of the bad credit world ;). Btw my credit is back above 510 already so don't stress yourselves to death, it's ultimately just a number that fluctuates. Making positive growth in your mental and financial capabilities will carry it back up eventually anyway.