Source: Business Wire
Clay Technologies, a platform that helps tech-enabled businesses set up and fund own-label lending programmes, and Pepper Advantage, a global credit management and technology company, announced the launch of Paydown.com – a mobile‑first lending platform that enables borrowers to consolidate their existing credit cards, overdrafts, and other high‑interest debt into a single, lower rate personal loan – helping them save on interest and pay down debt faster.
Paydown offers loans between £1,000 and £25,000 with terms ranging from one to five years. The loan can be used to pay off credit card balances and other high‑interest debts, replacing multiple repayments with a single monthly instalment. Applicants…