About PowerPay
Founded by Mike Petrakis and David Haas, PowerPay is a fintech company that has transformed consumer financing by enabling large and expensive purchases through low and affordable monthly payments. The company was built on a simple yet powerful idea: to disrupt the traditional high-fee banking model and offer a more consumer-friendly financing solution.
PowerPay’s Mission
PowerPay’s mission is to streamline the financing process while considering the best interests of all parties involved—consumers, merchants, and financial partners. By eliminating unnecessary fees and offering competitive rates, PowerPay makes it easier for consumers to afford what they really need and want, without the burden of high-interest rates and hidden costs.
Key Features
- No Prepayment Penalties: Borrowers can pay off their loans early without any penalties, providing flexibility and peace of mind.
- Low Monthly Payments: With long-term loans, PowerPay ensures that monthly payments remain affordable, making large purchases more manageable for consumers.
- Instant Approvals: Get approved in under two minutes with no impact on your credit score, thanks to our efficient and user-friendly platform.
- Wide Range of Loan Options: PowerPay offers loans for various needs, including home improvement, with amounts ranging from $2,500 to $400,000+.
How It Works
- Soft Credit Check: PowerPay performs a soft credit check to determine the financing plans you qualify for, ensuring no impact on your credit score.
- Receive Multiple Offers: Based on the soft credit check, PowerPay provides multiple competitive financing offers.
- Choose Your Plan: Select the financing plan that best suits your needs and budget.
- Complete the Paperwork: Finalize your loan by completing the necessary paperwork, guided by PowerPay’s team.
Get Started Today
Ready to finance your next big purchase with PowerPay? Contact us today to start the process. Our team is here to assist you with any questions and help you find the best financing solution for your needs.
