Nice and easy to use
24 September 2026
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Company details
About Paydown
Written by the company
Paydown helps you refinance high-interest debts like credit cards, overdrafts, and store cards into one affordable loan. No jargon, no judgement, just a smarter way to pay down what you owe, save money, and take back control.
Whether you're looking to consolidate debt, reduce your interest rate, or finally get out of the credit card cycle, Paydown makes it fast, fair, and frictionless. Check if you're eligible in under 2 minutes with a soft search, which won't affect your credit score, then repay over 12 to 60 months in one simple monthly payment.
Representative example
Borrow £7,000 repayable over 36 months at an interest rate of 19.9% p.a. (fixed) with monthly repayments of £274.95. Total amount payable is £9,898.03, which includes a £75 loan fee. Representative 20.8% APR.
We offer loans of £1,000 to £25,000. Representative 20.8% APR.
Paydown is a trading name of Clay Technologies UK Limited. Credit is subject to status, UK residents aged 18+. Terms and conditions apply. Any offer is subject to individual circumstances and affordability checks. Representative 20.8% APR.
Contact info
30 Churchill Place, Canary Wharf, E14 5RE, London, United Kingdom
- hello@paydown.com
- paydown.com
4.3
Excellent
16 reviews
Asks customers to review
This company invites their customers to review, whether positive or negative
Replied to 100% of negative reviews
Typically replies within 2 weeks
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Very Easy application process
Brilliant process from application to delivery. Very good company to help work through personal finances.
8 October 2026
Reply from Paydown
Hi Michael,
Thanks for choosing Paydown. We’re glad the process felt straightforward from start to finish, and it’s great to hear we could help you with your finances.
The Paydown Team
Reply from Paydown
Hi Raechel,
We are so pleased to hear that our service worked well for you. A smooth and simple experience is one of the things we pride ourselves on.
Kind Regards,
The Paydown Team
Easy and good
4 October 2026
Reply from Paydown
Hi there,
Thank you for your positive review. We are pleased you were satisfied with our service.
Take care,
The Paydown Team
Reply from Paydown
Hi Richard,
Thank you for the concise review, we appreciate a straight answer as much as you do.
Best regards,
The Paydown Team
Possible scam and not worth the effort for applying
I applied for the loan, and got accepted, then they asked for me to show my ID through my selfie and drivers license, which I did. Effectively the AI can't tell the difference between the selfie and the ID. So i went through someone called Claire who came back and said the they couldn't accept the license, even though it was in date and was clear, and that ahe wanted my passport. I don't have one valid, So instead of just using their eyes and common sense they just cancelled the application making this a huge waste of time. Although, looking back at the emails, i noticed that the email addresses from the company, looking very suspicious, like the ones you get when someone is trying to scan you. I'd avoid this one and go elsewhere. They'll treat you better and give you a better rate, which i did get
18 September 2026
Unprompted review
Reply from Paydown
Hi,
We are a business regulated by the FCA, and identity verification is a mandatory part of our fraud and anti-money-laundering controls, not a discretionary step. We're sorry the application process left you feeling this way, and sorry it ended without a loan. This isn't a judgement about you personally, it's the outcome our verification standards require when a document can't be confirmed to the level we need. We hold every application to the same standard, and that consistency is what keeps the process fair and secure for everyone.
Best regards,
The Kravings Team
The app is so straightforward and easy…
The app is so straightforward and easy to use etc no glitches and recommend to others, helped my situation with a decent rate and was able to lower my monthly payments hassle free
10 September 2026
Reply from Paydown
Hi Stephen,
Thank you for taking the time to share this. We're really glad the app has made things easier for you and that the process has been smooth throughout.
Best regards,
The Paydown Team
Easy understanding application process
Easy understanding application process. They assess what they think you can manage, not what you ask to loan. APR is manageable but still quite high. All done online but can communicate though message chat. Was more then 2 working days as had to chase after more than a week. Overall happy with service provided and thankful for opportunity to manage my finances and credit score.
19 August 2026
Reply from Paydown
Hi Rebecca,
Thank you for the detailed feedback. We're glad the application was straightforward and that we took the time to assess what would work for you rather than just what was requested.
We're sorry the turnaround took longer than it should have and that you had to chase for an update. That's not the standard we hold ourselves to.
Thank you for the trust you've placed in us, and we're glad Paydown is helping you manage things.
Best regards,
The Paydown Team
Reply from Paydown
Hi Kathryn,
Thank you for your review. We are pleased to hear that you were happy with the application process.
Kind regards,
The Paydown Team
Reply from Paydown
Hi Mr Doublet,
Thank you for the kind words. We're glad the application was straightforward and the payment came through quickly.
Best regards,
The Paydown Team
A quick and easy application process…
A quick and easy application process with clear instructions and information about the process throughout. Received funds super quick after all paperwork completed.
11 August 2026
Reply from Paydown
Hi Mark,
We're really pleased the application process felt quick and straightforward, and that you were kept informed at every step. That's exactly the experience we aim for. Thanks for choosing us, and all the best!
The Paydown Team
Reply from Paydown
Thanks so much for the kind words, Samuel. It means a lot to hear the service made a difference.
The Paydown Team
The company Paydown is great easy to…
The company Paydown is great easy to use and easy to understand very quick with the payout too. Would recommend them to anyone how is looking for a loan would use them again
27 July 2026
Reply from Paydown
Hi Scott,
Thank you so much for the kind words! We're really glad to hear the process was quick and easy to understand, and that the payout came through fast. Recommendations like yours mean a lot to us.
The Paydown Team
Reply from Paydown
Hi Tony,
Thank you for the kind words. We're really pleased the service made a good impression, and we'll be sure to pass this on to the team.
Best regards,
The Paydown Team
Reply from Paydown
Hi Lynsey,
Thank you for the kind words, we're really glad the service felt fast and straightforward.
Best regards,
The Paydown Team
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