Happy Money Account Types

Happy Money offers personal loans designed primarily for debt consolidation, with loan amounts ranging from $5,000 to $40,000. The interest rates for these loans vary between 11.25% to 24.50% APR, depending on the borrower's creditworthiness and other financial factors. The company emphasizes a transparent lending process, with no application fees, prepayment penalties, or late fees. However, borrowers should be aware of an origination fee that can reach up to 5% of the loan amount. Happy Money's loans are specifically intended for paying off credit card debt, helping borrowers manage their finances more effectively.

Happy Money Broker Account Opening Process

Opening an account with Happy Money is a straightforward process that can be completed online. Here are the steps involved:

• Check Your Credit: Ensure you have a minimum credit score of 640 before starting the application process.
• Check Rates: Visit Happy Money's website to check your rate. This involves a soft credit pull that does not affect your credit score.
• Select Loan Terms: Choose the desired loan amount and repayment term, which can range from 2 to 5 years.
• Complete the Application: Fill out the application with personal details, including proof of identity and income.
• Review Loan Terms: After verification, you will receive a written promissory notice outlining the loan terms, including the interest rate and repayment conditions.
• Receive Funds: Once approved, funds can be deposited directly into your checking account or disbursed to your credit card lenders. Payments will be automatically deducted from your account.

By following these steps, you can quickly and easily access the financial support offered by Happy Money to help you achieve your debt-free goals.