Welcome to the second post of the StrideOne Entrepreneur's Dictionary! Today, we delve into the term 'PAD' or Pre-Authorized Debits.
From mortgages to monthly subscriptions, PADs can take care of it all and enable entrepreneurs to prioritise focus on growth, ensuring fluidity and consistency. Often known as direct debits, they're not just about convenience; they're about empowerment, allowing individuals the freedom to adjust or terminate whenever they choose. When using PADs, it's crucial to maintain the necessary balance to prevent any adverse effects on your credit history.
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