# Paydownhero — Save Time & Money > Automated spare change app for faster auto loan payoff. (iPhone/iPad app by PayDownHero, Inc..) - Source: https://appshunter.io/ios/app/paydownhero/id1450757989 (this page in markdown: same URL + `.md`) - Developer: [PayDownHero, Inc.](https://appshunter.io/developer/1450757988) - Category: Finance, Business - Price: Free - Rating: 4.06/5 from 16 App Store ratings · 9 written reviews indexed - Age rating: 4+ - Requires: iOS 11.0 · 32 MB - Languages: English - Released: 2019-12-18 - Data updated: 2026-06-10 - Monetization: free - User reviews in markdown: https://appshunter.io/ios/app/paydownhero/id1450757989/reviews.md ## What is Paydownhero? More Americans carry auto debt, and they owe more on their loans than ever before. As of 2018, Americans collectively owed 1.25 trillion dollars. An increase of 75% since the end of 2009. With soaring inflation on everyday items, record-high gas prices, and the exploding cost of owning a car, it's clear that the country has an unsustainable debt problem in desperate need of a solution. The average Paydownhero user pays their entire auto loan off 11 months faster and saves thousands of dollars over a regular car owner who doesn't use our app. Introducing Paydownhero. A convenient and easy-to-setup roundup app that securely connects your bank account to your car loan and then uses the spare change (roundups) from your daily transactions to make additional payments on your outstanding loan. The goal: is to help car owners (not leasers, unfortunately) get out of auto debt faster, cover their rising interest rates on their loans and put more money back in their own pocket. ## Key features - Automated extra loan payments - Spare change roundups - Secure bank account linking - Faster debt payoff - Interest savings ## Recent user reviews (9 of 9) All indexed reviews: https://appshunter.io/ios/app/paydownhero/id1450757989/reviews.md ### 1/5 — Bad *2023-06-25* App is unusable. Can’t add special characters or letters to a loan so, can’t link. ### 3/5 — Can’t even connect accounts *2023-05-07* Use plaid, allow pasting in the password(most use auto-generated passwords in managers in 2023), fix authentication images. ### 1/5 — Where’s the payment *2020-10-06, version 0.8.5* 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?!?? **Developer response:** 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. ### 5/5 — Great app! *2020-06-29, version 0.8.5* 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! ### 4/5 — Wish I had this when I was younger! *2020-06-29, version 0.8.5* 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. ### 1/5 — Does not work! *2020-06-26, version 0.8.5* Don’t waste your time downloading. They do it just got get your phone number and then it doesn’t work. **Developer response:** Thank you for your feedback. It is in fact, not correct information. Paydownhero does not exist to "get your phone number". Providing your phone number is just one action of a few we require to authenticate users. We don't sell any of your information, and feel free to read our privacy policy and user agreement. As of this morning (06/29/2020) we have pushed out additional security measures and assure you our platform is functioning just fine. Thank you and have a good day! ### 5/5 — Awesome app *2020-02-08, version 0.8.2* Really novel concept that has helped me immensely with personal finances. Couldn’t recommend more! ### 5/5 — Easy to use! *2019-12-24, version 0.8* The app is easy to use and you can quickly get your car loan under control. ### 5/5 — User friendly! *2019-12-23, version 0.8* Was easy to link accounts and support was immediate ## Frequently asked questions about Paydownhero ### 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. ## Version history (last 1 release) ### 1.0.8 — 2022-06-22 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. ## Apps similar to Paydownhero | App | Rating | Price | Category | | --- | --- | --- | --- | | [Gravy: Homebuying for renters](https://appshunter.io/ios/app/gravy-homebuying-for-renters/id1572896190) | 4.8 (663) | Free | Finance | | [TIFIN @Work](https://appshunter.io/ios/app/tifin-work/id1510177426) | 5.0 (5) | Free | Finance | | [SpenDebt](https://appshunter.io/ios/app/spendebt/id1422084789) | 4.6 (7) | Free | Finance | | [FlipGive Banking - Team Spend](https://appshunter.io/ios/app/flipgive-banking-team-spend/id1612671694) | 3.0 (2) | Free | Finance | | [Swipe Credit](https://appshunter.io/ios/app/swipe-credit/id1566393426) | 4.2 (5) | Free | Finance | | [Credit RepairYourself](https://appshunter.io/ios/app/credit-repairyourself/id1470218522) | 3.0 (6) | Free | Finance | --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-10.*