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Happy Money Personal Loan review: flexible repayment terms

Happy Money is a personal loan company that offers borrowers lower interest rates and fast approval. Find out how this lender can help you with your debt in our comprehensive review.

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by Aline Barbosa

Published on 01/30/2023

Happy Money Personal Loan: Borrow up to $40,000 and get rid of credit card debt!

Happy Money is one of the best lenders available in the market. Source: The News Stacker.

If you’re looking for a great way to borrow money without the stress of worrying about high interest rates and hidden fees, you’ll want to check out our Happy Money Personal Loan review. 

Happy Money Personal Loan

How to apply for the Happy Money Personal Loan

Learn how to apply for a Happy Money Personal Loan and get the cash you need to cover your credit card debt. Read on for more!

This loan is designed to help people who are struggling with credit card debt to reach financial freedom. You can borrow amounts between $5,000 and $40,000 with terms up to five years. 

  • APR: Between 8.99% and 29.99% depending on your overall creditworthiness. 
  • Loan Purpose: Consolidate credit card debt.
  • Loan Amount: You may borrow amounts between $5,000 and $40,000.
  • Credit Needed: You need a fair score or better to qualify for a loan at Happy Money.
  • Terms: You can repay your loan between 2 and 5 years.  
  • Origination fee: Between 0% and 5% depending on your financial profile.
  • Late Fee: Happy Money charges no late payment penalties.
  • Early Payoff Penalty: There’s no penalty fee if you settle your loan early. 

The best part? You don’t need an incredible credit score to request their services.

Happy Money accepts applicants with a fair score, and offers rates as low as 8.99%. You also won’t have to pay late payment fees or early payoff fees.

In our Happy Money Personal Loan review, we’ll dive into what makes this lending option stand out among its peers.

We’ll explore interest rates, loan offers and more to give you an informed look at whether or not this is the right move for your finances. So read on!

Happy Money Personal Loan: What can you expect?

Happy Money offers personal loans with fixed interest rates for people who are looking after affordable ways to consolidate their credit card debt.

What happens is you merge all your card payments into one monthly installment at a much lower rate.

The company allows you to strengthen your credit score by reporting all payments you make to the main credit bureaus in the U.S. (Equifax, Experian and TransUnion).

You can borrow up to $40,000 with interest starting at 8.99% and repay your loan up to 5 years.

The loan is available for people with a fair score and up, and you can pre-qualify with a soft inquiry on their website. That way, you can check your offer before you decide whether or not to sign up for the loan. 

If you qualify, Happy Money may present an instant decision as to whether or not you’re approved once you submit your application. It takes about two business days for them to provide the funding you need. 

Do the pros outweigh the cons?

A personal loan can help you fix financial emergencies. Source: Canva.

When it comes to Happy Money, the advantages are clear. But are the drawbacks low enough to be worth signing up? Check the low and highlights next in our Happy Money Personal Loan review. 

Pros

  • You can borrow up to $40,000 with fairly low rates;
  • The repayment terms are flexible, up to 5 years;
  • You can pre-qualify with a soft inquiry and get an instant decision from Happy Money;
  • Happy Money provides free monthly credit score checks;
  • They also offer payment directly to creditors to save you time.

Cons

  • Depending on your creditworthiness, Happy Money might charge an origination fee up to 5%;
  • You can’t request a secured or joint loan;
  • Unlike many other lenders in the business, Happy Money does not offer autopay discounts. 

What are the eligibility requirements?

You can request a personal loan with Happy Money if you’re a U.S. citizen over the age of 18 with a valid SSN.

You also need to provide them with a valid checking account and can’t reside in Massachusetts or Nevada as they don’t service those states.

Finally, you need a fair credit score (640 and up), and a credit history of at least three years with two accounts to your name. There’s no minimum income requirements, but they will assess your cash flow. 

Learn how to request the Happy Money Personal Loan

Are you interested in applying after reading our Happy Money Personal Loan review? Great! We can help you sort out the application process in the following link.

We’ll look over all the requirements so you’ll know what to expect.

Happy Money Personal Loan

How to apply for the Happy Money Personal Loan

Learn how to apply for a Happy Money Personal Loan and get the cash you need to cover your credit card debt. Read on for more!

About the author

Aline Barbosa

Aline Barbosa is an editor, writer and learning-enthusiast. Passionate about music, books and human behavior. Curious about the unknown. Believer that learning is a life-long process.

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