The credit, auto, & finance resource center
Learn more about auto finance, bad credit car loans, credit tips & tricks, DIY, and the latest in automotive news with the Paydownhero credit, auto, and finance resource center.
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The credit, auto, & finance resource center
Learn more about auto finance, bad credit car loans, credit tips & tricks, DIY, and the latest in automotive news with the Paydownhero credit, auto, and finance resource center.
Subscribe & Learn
We’re here to change your understanding of debt and financial literacy. Subscribe to receive regular updates and financial education in your inbox.
Cash Back Debit Cards – Why Do You Need One?
Debit cards are not usually known for their rewards, but these ones provide cash back opportunities and can help you save a lot on your purchases. Using a credit card is a great way to build credit, [...]
7 Ways to Get Out of a Car Loan in 2022
Right now, people in the US are dealing with $1.18 trillion in car loans. In 2019, the average auto loan amount for a new vehicle was around $32,187. If you’re one of those people , this piece [...]
How do car loans work?
A new car is a major purchase. As of January 2022, the average cost of a new car in the United States is over $47,000. There is no reason to believe that prices won’t continue to [...]
Buying a New Car? Here’s the Checklist You Need
Buying a new car can intimidate many people. This doesn’t need to be the case for you. Yes, purchasing a vehicle is a somewhat complex process (if you’re a responsible buyer) because it consists of numerous essential [...]
2022: What are car subscription services and is it right for me?
Up until recently, American drivers had two basic options to consider when choosing new cars to drive: buying them or leasing them. For short-term needs, renting cars has also been an option. Now, thanks to car [...]
Six Tips on How To Pay Off Your Car Loan Faster
According to the statistics, about seven out of ten people still borrow money to purchase their vehicle. It is noticed that people prefer financing their car from the bank and paying EMI as per their vantage. [...]
How To Use Your Cashback Debit Card To The Fullest
Getting cash back is the best deal customers can get when making a purchase. Did you know you can have a cashback debit card that comes with many benefits? Since carrying cash is not always convenient , cashback [...]
Everything You Need to Know About Refinancing Your Car
Are you considering refinancing your car loan? You may have many potential reasons for doing so. You also might have numerous questions about the process and whether it’s a good idea. Be aware, there is no universal [...]
Debit cards vs credit cards: A look at usage statistics in the US
These new findings are courtesy of TransUnion. The credit reporting agency analyzed data and discovered that the past due rate for members of Gen Z with auto loans is currently 2.21 percent. Before the pandemic, the rate [...]
Gen Z and millennials are defaulting on car loans at alarming rates
These new findings are courtesy of TransUnion. The credit reporting agency analyzed data and discovered that the past due rate for members of Gen Z with auto loans is currently 2.21 percent. Before the pandemic, the rate [...]
Want to Pay Off a Car Loan? Paydownhero will help!
Paying off a car loan early can feel intimidating, but with the Paydown Hero app and a few key strategies, you’ll pay off your loan fast!
How to paydown debt quickly.
Paying down debt fast can feel intimidating, but with the help of a spare change savings app, it’s possible. See how Paydown Hero makes it easy.
To car loan or to car lease? – that is the question
Are you thinking of getting a new car? If so, you will need to make certain critical decisions before driving home in your new vehicle. One such decision is whether to get a loan to purchase a new car or to [...]
Inflation turns EVs into luxury items, threatening broader electric shift
Electric vehicles have always tended to be slightly more expensive on average when compared to traditional gasoline powered cars. This was to be expected. Electric vehicles are still somewhat of a novelty. Whenever new consumer technologies are introduced, it is often [...]
Why are gas prices so high and how are prices set?
Virtually anyone who drives a motor vehicle in the United States knows that gas prices have been quite high for some time now. For context, even when inflation is accounted for, gas prices are generally higher than they’ve been for about [...]
How to paydown debt quickly.
Paying down debt fast can feel intimidating, but with the help of a spare change savings app, it’s possible. See how Paydown Hero makes it easy.
Three things to know about neobanks
What is a neobank? Unlike traditional banks, neobanks follow a digital-only model, making financial management convenient for both individuals and companies.
Why should you choose a neobank?
Customers are turning to neobanks for their low fees, digital convenience, and overall higher interest rates. See what Paydown Hero can do for you!
6 ways to quickly free yourself from car loan debt
Paying down your debt doesn’t need to be complicated. Learn six simple ways to pay off your car loan sooner.
