To become eligible for a Happy Money Personal Loan, you must be an American citizen of 18 years or older. You must have a valid ID and a checking account to your name. Other qualifying criteria include a fair score at minimum (640+) and a credit history older than three years with at least two accounts to your name.

Happy Money offers credit card consolidation loans. What that means is that they will allow you to borrow up to $40,000 to pay off your credit card debt and leave you with only one monthly payment directly to them. Happy Money also repays your debt directly to creditors, which means you don’t have to send out the payments yourself.

Happy Money is one of the few lenders in the country that doesn’t charge late payment or early payoff fees. You may, however, have to pay an origination fee between 0% and 5% depending on your creditworthiness. Happy Money’s fixed rates start at 8.99% and go up to 29.99%.