Paydownhero 1.0.8

Recent data shows a significant increase in auto debt among Americans, with the collective amount owed reaching an astounding 1.25 trillion dollars as of 2018. This represents a substantial surge of 75% since the conclusion of 2009. The current economic landscape, characterized by escalating inflation across various sectors, skyrocketing fuel prices, and surging expenses associated with car ownership, underscores the presence of an unsustainable debt crisis in the nation that urgently requires resolution.

The typical user of Paydownhero expedites the repayment of their auto loan by an average of 11 months and accrues substantial savings amounting to thousands of dollars compared to a standard vehicle owner who does not leverage our platform.

Enter Paydownhero, an intuitive roundup application designed to establish a secure connection between your bank account and car loan. By utilizing spare change collected through daily transactions, known as roundups, this innovative tool ensures additional payments are made towards your outstanding loan. The primary objective of Paydownhero is to assist individuals with owning vehicles (unfortunately, not applicable to leased vehicles) in hastening their journey out of auto debt, managing rising interest rates on their loans effectively, and increasing personal savings.