List of Advantage and Benefits of this Loan:
- Simple & transparent
- Focused on your happiness
- Community-based partners
- APRs start lower than some competitors
- No application fees, late payment fees or prepayment penalties
More about the credit Loan:
Happy Money offers competitive credit card consolidation loans ranging from $5,000 to $40,000. These loans are designed to help consumers pay off their credit card debt quickly with minimum annual percentage rates (APRs) of around 6%. They help borrowers focus on building credit by reporting loan payments to the three major credit bureaus and offering free monthly FICO score updates.
Why do we recommend the loan for you?
Happy Money is best for borrowers with reasonable to good credit who want to pay off existing credit card debt.
The platform offers several credit score improvement tools, making it a good choice if your credit score doesn’t qualify you for a more flexible loan and your focus is on building your credit profile. Additionally, consolidating multiple credit card debt simplifies monthly payments and can reduce overall interest payments.
Eligibility Criteria: Who can apply for this loan?
- A U.S. citizen with a valid Social Security number.
- At least 18 years old.
- Able to provide a valid checking account.
- Not a resident of Massachusetts or Nevada.
- Minimum credit score: 640.
- Minimum credit history: Three years and two accounts.
- Maximum debt-to-income ratio: 55%.
- Minimum annual income: None; Happy Money will assess cash flow.