Happy Money Personal Loans

Happy Money Personal Loans Review

Happy Money Personal Loans is offered by Happy Money Inc., a financial services company founded in 2009 and based in Torrance, CA. Happy Money Personal Loans is available in 48 states (and Washington, DC).

Key Takeaways

• APRs starting at 5.99%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Happy Money Personal Loans are on the lower end of the spectrum.
• Prequalified rate. You can check your prequalified rate at Happy Money Inc. with a soft pull that will not affect your credit score.
• Origination fees of up to 5%. This is average for lenders that charge origination fees. However, plenty of lenders don't charge them. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
• No late fees. Missing a payment can seriously damage your credit, but Happy Money Personal Loans will not charge additional fees if you miss the due date on a payment.
• Minimum income of $25,000. You will need an annual income of at least $25,000 to apply for Happy Money Personal Loans, which is above average for the lenders in our database.

Happy Money loan Pros & Cons

Happy Money loan FAQ

What interest rates and personal loan terms does Happy Money loan offer?

Happy Money loan has lower than average interest rates for lenders reviewed on SuperMoney.

What fees does Happy Money loan charge?

What do you need to qualify for Happy Money Personal Loans?

To qualify for personal loans with Happy Money Personal Loans, applicants need a minimum annual income of $25,000 or higher. Happy Money Personal Loans only considers borrowers who are employed and meet the minimum income requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Happy Money Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Happy Money Personal Loans. Permanent resident / green card holders are also eligible to apply. Not all companies will work with visa holders. Happy Money Inc. does offer its services to temporary resident visa holders such as F1 or H1B holders.

To qualify, applicants may need to provide the following documentation:

• Applicants must have an active and valid personal checking account
• Recent pay stubs
• Proof of income
• Driver's license
• Proof of citizenship or residence permit

What is the estimated funding time for a personal loan via Happy Money loan?

Happy Money loan will typically approve (or deny) a loan application within 3 hours and fund loans within 7 business days of approval.

Does Happy Money Personal Loans report your account activity to credit bureaus?

Yes, Happy Money Personal Loans reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Is Happy Money Inc. a legit company?

Happy Money Inc. was founded in 2009, it is a well-established company that has been in business for 13 years. Happy Money Personal Loans are strongly not recommended by SuperMoney community users.