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Paydownhero

Paydownhero

Save Time & Money

16 ratings
9 reviews
💼 Business
💰 Finance

Archived App

This is an archived listing of the app previously available on the App Store.

Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.

Details

  • Released
  • Updated
  • December 18, 2019
  • June 22, 2022

Developer

PayDownHero, Inc.
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⭐9
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❓8 answered
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📦w/o updates
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About

This app helps car owners pay off their auto loans faster by using spare change from daily transactions. It securely links to your bank account and automatically makes extra payments towards your loan, saving you money on interest.

✓Automated extra loan payments
✓Spare change roundups
✓Secure bank account linking
✓Faster debt payoff
✓Interest savings
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What's New in Paydownhero

1.0.8

June 22, 2022

We've fixed some issues. So, now we are excited to present a smooth and friendly way securely connect your loans to your checking account.

User reviews

Most RecentHighest RatedLowest Rated

Bad

App is unusable. Can’t add special characters or letters to a loan so, can’t link.
Kyle W GKyle W G

Can’t even connect accounts

Use plaid, allow pasting in the password(most use auto-generated passwords in managers in 2023), fix authentication images.
Kyle W GKyle W G

Where’s the payment

They took money out of my account twice and one put one of the payments on my car loan and it wasn’t even the amount they took, it was less! What’s going on?!??
Meech223Meech223

Response from developer

Good morning. Could you please email us at help@paydownhero.com and we'd like to figure out what's going on and if there is an error, let's get it fixed! Thank you.

Great app!

I never really thought about being able to save on my car loan. I usually just set it to autopay and forget about it. Pretty cool to see how much the small roundups actually save me after a few years. Thousands! Easy to use and pretty intuitive. Highly recommend!
MAH02128MAH02128

Wish I had this when I was younger!

Easy to download and link accounts. Great to see my car loans in ONE place. Love that they are saving me thousands of dollars without me having to do much! Seems like they are new and are releasing updates to keep improving things. I haven’t had any issues yet. Overall solid.
CharliebyDesignCharliebyDesign
See 4 more reviews

FAQ

How does Paydownhero help users save money?

Paydownhero automatically uses the spare change from your daily transactions to make extra payments on your auto loan. This accelerates your loan payoff, reducing the total interest you pay over the life of the loan.

What types of loans does Paydownhero support?

Paydownhero is designed to help car owners pay off their auto loans faster. It does not support car leases.

Is my financial information secure with Paydownhero?

Yes, the app securely connects to your bank account to facilitate the roundup payments. Specific security measures are in place to protect your sensitive financial data.

How much faster can users pay off their loans with Paydownhero?

The average Paydownhero user pays off their entire auto loan 11 months faster than those who do not use the app.

What devices is Paydownhero available on?

Paydownhero is available for iPhone, iPad, and iPod devices.

When was Paydownhero last updated?

The latest version of Paydownhero, 1.0.8, was last updated on June 22, 2022.

What is the age rating for Paydownhero?

Paydownhero has an age rating of 4+, making it suitable for a wide range of users.

How does Paydownhero compare to other debt payoff methods?

Unlike manual payment strategies, Paydownhero automates the process of making extra payments using spare change, making debt reduction effortless and consistent.