- Get personalized pre-qualified rates from multiple lenders.
- 2 Minute Process
- Loans from $600 - $200,000
- Rates from 7.49% - 35.99% APR
- Loan terms of 1 - 7 years.
- Rated A+ by the BBB
Happy Money Personal Loans Review
Services and Features
As of June 2021, Payoff loans rates, amounts, and terms are:
- Fixed-rate APRs: 5.99% to 24.99%
- Amounts: $5,000 to $40,000
- Terms: 2 to 5 years
The loan has a one-time origination fee between 0% and 5% that is charged when the loan is issued. Payoff does not charge any other amounts and completely eliminates all other types of fees including late fees, returned check fees or annual fees, to name a few. There are no prepayment penalties; customers can pay early or more without being charged.
To qualify borrowers must also have a 600 or higher FICO score and have no current credit delinquencies. The company also looks at other factors to determine whether to approve a Payoff loan, such as a customer’s debt-to-income (DTI) ratio, their credit history, and utilization. Customers need at least three year of previous credit experience to be able to secure a Payoff Loan.
The company may require some documents for verification purposes such as bank statements, photo identification (driver’s license, passport, state-issued ID), paystubs or recent tax returns for income confirmation. Customers are able to upload these documents online during the application process. If approved, most loans are funded in two to five days after the completion of the verification process.
Member Experience Advocates are available to assist customers with any detail during their loan application process or once they’re paying off their loan. They can be contacted via email or phone.
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Services and Features |
|
|
Debt Relief Program |
✗ |
|
Unsecured Debts |
✗ |
|
Debt Consolidation |
✗ |
|
Credit Card Debts |
✔ |
|
Debt Management |
✗ |
|
Debt Negotiation |
✗ |
|
Debt Settlement |
✗ |
|
Credit Counseling |
✔ |
|
Debt Analysis |
✗ |
|
Bankruptcy |
✗ |
|
Number of Debt Settled |
N/A |
|
Qualifications |
|
|
Minimum Debt Required |
$5,000 |
|
Legitimate Financial Hardship |
✗ |
|
No Defrauding Issue |
✗ |
|
Accreditations |
|
|
BBB |
✔ |
|
American Fair Credit Council |
N/A |
|
International Association of Professional Debt Attributors |
N/A |
|
USOBA |
N/A |
|
Plans and Fees |
|
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No Upfront Cost |
✗ |
|
No Consultation Fee |
✔ |
|
No Monthly Fee |
✔ |
|
Program Length |
2-5 years |
|
Fees and Charges |
0-5% Origination Fee |
|
Help and Support |
|
|
Debt Specialist Advisor |
✔ |
|
Online Account Management |
✔ |
|
Live Chat |
✔ |
|
Telephone Support |
✔ |
|
|
✔ |
|
FAQs |
✔ |
Toll Free: 1-800-878-0901
Business Hours:
- Monday through Friday from 6:00 a.m. to 6:00 p.m. (PST)
- Saturday and Sunday from 6:00 a.m. to 3:00 p.m. (PST)
Debt Relief at Happy Money
Payoff by Happy Money helps borrowers who have high-interest credit card debt secure a personal loan to help them reach financial wellness. By taking out a Payoff loan, customers can benefit from lower interest rates and avoid unnecessary costs (such as late fees). The company provides all the customer support necessary for borrowers to complete their journey and reach their financial goals.
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Customer Comments & Reviews
- Get personalized pre-qualified rates from multiple lenders.
- 2 Minute Process
- Loans from $600 - $200,000
- Rates from 7.49% - 35.99% APR
- Loan terms of 1 - 7 years.
- Rated A+ by the BBB