Loans
Happy Money Personal Loan review: is it worth it?
Get an in-depth look at the features and benefits of a Happy Money Personal Loan. Pay almost no fees and get your money fast! Stick with us!
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Happy Money Personal Loan review and benefits: Borrow up to $50,000
In this review, we bring Happy Money Personal Loan. A popular choice for those looking to borrow money with flexible conditions.
Nevertheless, is this loan product worth it, or will you pay more than necessary? Then read on to learn all about the pros and cons!
| APR | From 7.95% |
| Loan Purpose | Credit card consolidation only; |
| Loan Amounts | $5,000 to $50,000 |
| Credit Needed | 640 (poor to good); |
| Origination Fee | 0% to 5%; |
| Late Fee | None; |
| Early Payoff Penalty | None. |
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Happy Money Personal Loan: how does it work?
Happy Money is an excellent financial wellness company for those looking to consolidate their debt and better manage their finances.
Thus, it offers loans between $5,000 and $50,000. Moreover, Happy Money Personal Loan provides borrowers with helpful services.
Additionally, they can count on personality assessments, stress tests, and cash flow evaluations. It also offers quarterly check-ins during the first year to ensure all is set up!
Nor these valuable tools make Happy Money Personal Loan a solid choice for those trying to reduce their credit card debt with almost no fees!
Furthermore, you can qualify for personalized interest rates! As a result, it makes managing your money simpler and stress-free.
Is it worth it to apply for Happy Money Personal Loan?
Applying for a Happy Money Personal Loan can be a cool idea. But before deciding, check out the pros and cons and see if it’s your ideal option.
Benefits
- No application, early, late, or annual fees;
- Easy and direct payment to creditors;
- Qualified borrowers are approved immediately upon application;
- Low credit scores are accepted;
- There is a special hardship program for those people who have more difficulty controlling their debts;
- Pre-qualify with a soft credit check;
- Low APR rates compared to similar services.
Disadvantages
- There is an origination fee of up to 5% associated;
- Joint loans or co-signers are not allowed;
- The initial payment date cannot be chosen.
What credit scores are required for the application?
As you can see in this review, Happy Money Personal Loan is a great type of loan. After all, you enjoy high values up to $50,000 with low APR.
Moreover, the main benefit of this type of loan is that you don’t need an excellent credit score to apply.
Therefore, a score of at least 640 is enough for you to have access to the services.
Happy Money Personal Loan: applying for this loan today
Are you looking to get some funds but don’t have a clue as to how or where? Don’t worry. We’ll teach you how to apply for Happy Money Personal Loan easily!
Consolidate your debt in no time with this lender! So keep reading and learn how to apply for this great loan option.
Apply online
Applying for a Happy Money loan is an easy process. You only have to pre-qualify on the website, which only requires personal information.
From there, you can preview the loan offers and select one that fits your budget.
After that, you may need to submit additional documents, and bank statements, for the formal application.
To manage the repayment of your loan, it is important to make a plan beforehand and set up automatic payments if possible.
Your payment history will also be reported to all three major credit bureaus, so it is important to ensure your payments are on time to help build your credit score.
Requirements
Applying for a Happy Money personal loan is easy, but there are certain requirements you must meet to be eligible.
You need to be a U.S. citizen with a valid Social Security number, at least 18 years of age, and able to provide a valid checking account.
Residents of Massachusetts or Nevada are not qualified to apply for this loan. Also, your credit score must be 640 or higher.
Moreover, your debt-to-income ratio must be 55% or less, and no specific annual income is needed, as the lender will assess your cash flow before approval.
Ensure you comply with these requirements to apply for this personal loan!
Apply on the app
The application for Happy Money Personal Loan is performed through the website.
However, you can use your mobile device to access the website through the application. That way, just follow the same steps as the previous step.
Happy Money Loan vs. Upstart Loan: which one is the best for you?
If you’re looking for a loan but unsure which one is best for you, consider comparing Happy Money and Upstart Loans.
With Happy Money, you apply directly online, which only takes minutes. They offer competitive rates and terms of up to 36 months when you apply for a personal loan.
On the other hand, Upstart loans are ideal if you want a longer repayment period. Compare these two options so you can make an informed decision!
| Happy Money Loan | Upstart Loan | |
| APR | From 7.95% | 6.7% to 35.99% fixed; |
| Loan Purpose | Credit card consolidation only; | Consolidating credit card and other debts, Paying for moving expenses, Funding home improvements, Covering medical costs, Financing a wedding, and Starting or expanding a business; |
| Loan Amounts | $5,000 to $50,000; | $1,000 to $50,000; |
| Credit Needed | 640 (poor to good); | All types of credit scores are accepted; |
| Origination Fee | 0% to 5%; | Up to 8%; |
| Late Fee | None; | 5% of the unpaid amount or $15, whichever is greater; |
| Early Payoff Penalty | None. | N/A. |
Upstart Loan is an excellent alternative but also has some minimum requirements. Want to find out how to apply? So check the following article.
Upstart Personal Loans: how to apply now!
Find out how to apply for Upstart Personal Loans and access the money you need! Borrow up to $50K with quick funding.
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