Happy Money Personal Loans
in Personal Loans from Happy Money Inc.
Claimed Apply Now Get Personalized Rates

Happy Money Personal Loans

in Personal Loans from Happy Money Inc.
SuperMoney Net Recommendation Score -33  


This product is mostly not recommended by SuperMoney users with a score of -33, equating to 2.3 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Mostly not recommended

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Community Rating Mostly not recommended
APR  (Fixed APR) 5.99% - 24.99%
(Verified 09/13/2022)
Loan Amount $5,000 - $40,000
Loan Term (Months) 24 - 60 months
Number of Reviews 21

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 are 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

Pros Cons
  • Low APRs available to qualified borrowers.
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • APRs as high as 24.99%.
  • Charges an origination fee of up to 5% of the loan amount.

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 interest rates does Happy Money loan offer?

Happy Money loan offers a fixed APR personal loan product that ranges from 5.99% APR up to 24.99% APR.

How much can you borrow via Happy Money loan?

Personal loan amounts start at $5,000 and go up to $40,000.

What is the maximum loan term you can get with Happy Money loan?

Happy Money loan offers loans with terms of up to 60 months.

Happy Money loan Interest Rates & Loan Terms
Personal Loan Amount $5000 - $40000
Loan Term 24 - 60 months
APR 5.99% - 24.99%

What fees does Happy Money loan charge?

Does Happy Money loan charge an origination fee?

Happy Money loan may charge a personal loan origination fee of 0% to 5% of the personal loan amount. Happy Money loan deducts the origination fee directly from your personal loan amount, so make sure you take this fee into account when deciding how much you need to borrow.

Does Happy Money loan charge a late fee?

Yes, Happy Money loan may charge borrowers a late payment fee if you miss one of the monthly payments.

Does Happy Money loan charge prepayment fees?

No, Happy Money loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

Happy Money loan Fees
Origination Fee 0% - 5%
Prepayment Fee No
Late Payment Fee $0

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

Applicants with a credit score of at least 640 and up to 850 may be eligible for Happy Money Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

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 and permanent resident / green card holders are eligible to apply for the services offered by Happy Money Personal Loans. 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
Happy Money loan Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score 640 - 850

    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 14 years. Happy Money Personal Loans are mostly not recommended by SuperMoney community users.

    Happy Money Personal Loans Disclosure: Happy Money works with lending partners to ultimately originate loans. Information about our Lending Partners, including their address, financial institution type and charter, as well as links to their websites and privacy policies can be found on our Lending Partners page. Individual borrowers must be at least 18 years old and have valid social security and a valid checking account. All loans are subject to credit review and approval. Your actual rate depends upon credit score, loan amount, loan term, credit usage and history. Currently loans are not offered in: MA, MS, NE, NV, OH, and WV. Our mailing address is: Happy Money Inc., 3200 Park Center Drive, STE 800, Costa Mesa, CA 92626.
    SuperMoney Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Message From Happy Money loan

    We're a team of financial services professionals, research and clinical psychologists, data scientists, neuroscientists, Member Advocates and technology experts working together to better understand and accelerate people’s journey toward financial wellness.

    Message From Our Editor

    What we love about Happy Money Loans

    Happy Money Loans helps customers consolidate their expensive credit card debt into a single loan with a manageable monthly payment and lower interest rate. The interest rates offered by the company will depend on your creditworthiness but will typically be noticeably lower than the rate you pay on a credit card.

    The loan terms are flexible, letting you customize your monthly payment. The loans also have low minimums and high maximums so most people will be able to borrow enough to pay off their credit card debt.

    What could Happy Money Loans do better?

    Happy Money Loans charges an origination fee for its loans, which reduces the amount of money that you can save by consolidating your debts. It also has a list of eligibility requirements. While many of these requirements are reasonable, people with significant credit card debt may struggle to meet the credit score requirement.

    Another drawback is that Happy Money Loans only offers loans to help people consolidate their credit card debt. If you need to borrow money for any other reason, you won’t be able to get a loan from Happy Money Loans.

    PHappy Money Loans’s backstory

    Happy Money Loans was founded in 2009 by Scott Saunders and Eden Warner. The company focuses on helping people pay off their credit card debt and providing educational tools that people can use to help them avoid falling back into expensive credit card debt.

    The Verdict

    If you have credit card debt, Happy Money Loans is a good company to work with if you want to consolidate your credit cards into a single loan. There are many ways to consolidate credit card debt, each with pros and cons, but Happy Money Loans should certainly be an option that you consider.


    About Happy Money Personal Loans


      Available in 48 states and Washington, D.C.
    • Alaska
    • Alabama
    • Arkansas
    • Arizona
    • California
    • Colorado
    • Connecticut
    • Washington, DC
    • Delaware
    • Florida
    • Georgia
    • Hawaii
    • Iowa
    • Idaho
    • Illinois
    • Indiana
    • Kansas
    • Kentucky
    • Louisiana
    • Maryland
    • Maine
    • Michigan
    • Minnesota
    • Missouri
    • Mississippi
    • Montana
    • North Carolina
    • North Dakota
    • Nebraska
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Virginia
    • Vermont
    • Washington
    • Wisconsin
    • West Virginia
    • Wyoming

    Feature Breakdown

    Late Fee Amount $0
    No Late Fees
    No Prepayment Fee
    Origination Fee (%) 0% - 5%
    Checking Account Required
    Employment Statuses Considered
    • Other
    • Employed Full-Time
    • Employed Part-Time
    • Retired
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    • U.S. Temporary Resident Visa Holders
    Joint Loan Applications Accepted
    • Individual Applications
    Military Status
    • Active Duty Military
    • Non-Military
    • Veterans
    • Military Dependent
    Minimum Age 18
    Minimum Annual Income $25,000
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    Verification Documents Required
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    • Recent Pay Stubs
    • Proof of Income
    Credit Score Range 640 - 850
    Approval Speed 3 hours
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Customizable Payment Dates
    Funding Time Range 2 - 7 days
    Payment Options
    • Automatic Payments
    • Check by mail
    Pre-Qualified Soft Credit Inquiry
    APR Type Fixed APR
    Loan Amount $5,000 - $40,000
    APR (Fixed APR) 5.99% - 24.99%
    (Verified 09/13/2022)
    Loan Term 24 - 60 months

    Happy Money Personal Loans Community Reviews


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    This product is mostly not recommended by SuperMoney users with a score of -33, equating to 2.3 on a 5 point rating scale.


    Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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