New model provides semi-secured credit to anyone at low cost

New, Socially Conscious Lending Platform Launches for Kids Apparel
1.  Payzely-kids apparel without a credit card
1. Payzely-kids apparel without a credit card
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Kids Apparel


Pawleys Island - South Carolina - US


PAWLEYS ISLAND, S.C. - Oct. 24, 2016 - PRLog -- announces the launch of its socially conscious lending solution and market place that gives families with poor credit access to low cost, high quality kids clothes without having to have a credit card.

"18 million Americans struggle to get conventional credit. The majority of the solutions available charge excessive fees and interest, and oftentimes make matters worse for the consumer."  Payzely is the first credit solution of its kind to offer semi-secured credit, regardless of credit history, and low interest rates and fees (12% APR and $9 late fees). The entire model is built around customer success and responsible use, rather than capitalizing on poor credit scores.

For now, credit lines are limited to use on, an ecommerce site that manufactures and sells high quality, low cost children's clothes. "Typically when consumers are limited to a specific vendor because of credit restrictions, there are significant premiums added to products in addition to high interest rates and fees.  We offer the opposite.  We believe that a business based on long term relationships with families trying to do what's best for their kids can be profitable and ethical." combines manufacturing, retail, and an accessible charge account into one solution for the credit challenged.  It will eventually expand into a wider range of products, and stand alone credit facilities.

Inspiration for the model came from the founder's childhood.  "The challenges of growing up poor stick with you."  Says founder, Josh Ricker.  "Poor credit doesn't have to mean someone is a  bad credit risk, and it certainly doesn't validate the predatory practices this market has endured for the past 40 years."

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