Happy Money Personal Loan Review

Happy Money is a loan platform that offers personal loans strictly for credit card debt consolidation.
Happy Money Loan Review
Mateo Beltroy
Author: Mateo Beltroy

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About Happy Money

Happy Money (previously known as Payoff) is a financial technology company that offers an online platform for managing your finances. 

They offer personal loans specifically for credit card debt consolidation. Their platform also has a variety of tools to help users increase their credit scores and manage their money.

Happy Money is headquartered in Tustin, CA, and was founded in 2009.



Happy Money Loan Details
Minimum credit score/credit range
11.52% - 24.50%
Loan amounts
$5,000 - $40,000
24 - 60 months
Approval turnaround
3 to 6 business days
All States (Except NV, MA)
Other fees
Origination fee - Up to 5%

Who Is Happy Money Best For

Happy Money is best for borrowers with fair to good credit scores who are looking to consolidate their credit card debt.

Happy Money is not for borrowers who are in need of a loan for large expenses, because Happy Money only offers loans for credit card debt consolidation.

The platform does offer many credit score improvement tools which can be beneficial for borrowers that have low credit scores and are looking to improve it.

Happy Money is not available for borrowers who reside in Nevada and Massachusetts.

Happy Money Personal Loan Uses

Happy Money only allows loans to be used for credit card debt consolidation.

Happy Money will not accept applications that intend to use the funds for large expenses such as weddings, vacations, or remodeling. They also won’t accept loans for unexpected medical or relocation expenses.

How to Contact Happy Money

Happy Money offers support by phone, email, live chat, or the online help center. Their live representatives are available by phone (800-878-0901) or the online chat function Monday through Friday from 6 AM to 6 PM PT and Saturday from 6 AM to 2:30 PM PT.

You may also send them an email at [email protected], though they may not respond outside of their operational hours.

Our Verdict

Happy Money is a great option if you need to consolidate credit card debt. That’s about it. 

If you are looking for a personal loan with more optionality, we encourage you to look into other lenders that have loans available for other uses.

Apart from their loan use limitation, we also do not like that their minimum loan amount is $5,000. Some users may have less than $5,000 in credit card debt, meaning they would need to get a larger loan for no reason.

On the bright side, Happy Money has an excellent platform that is easy to use. They offer incredibly helpful tools like money management tools and credit score improvement tools. If you are looking to improve your credit score and pay off some of your credit card debt, Happy Money is an excellent option.

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