Happy Money – Personal Loan
Happy Money (formerly Payoff) focuses exclusively on credit card debt consolidation with fixed-rate personal loans up to $40,000.
Applying does not obligate you to accept a loan offer.
Happy Money Personal Loan – 2026 Review
Happy Money (rebranded from Payoff in 2021) is a California fintech with a narrow but useful focus: credit card debt consolidation. It does not fund auto loans, home improvements, or general expenses — only credit card payoff.
Loan Terms
Loans range from $5,000 to $40,000 with terms of 24 to 60 months. APRs are capped at 24.50%, which is lower than many competitors. Origination fee ranges from 0% to 5%.
✓ Pros
- Lower max APR than most
- No late fees
- Direct creditor payments
- Member-of-credit-union perks
✗ Cons
- Credit card consolidation only
- No co-signer or joint applicants
- Funding can take up to 6 days
Loan Example
Example: $12,000 loan for 60 months at 14.50% APR = monthly payment of $282.39, total payable $16,943.40.
Eligibility Requirements
- ✓ Age 18+ years
- ✓ US citizen or permanent resident
- ✓ Credit score 640+
- ✓ Debt-to-income ratio under 50%
- ✓ Existing credit card debt
Loan Features
- Credit card payoff focus
- APR capped at 24.50%
- No late fees
- Free FICO tracking
- Funded by credit unions
Frequently Asked Questions
3-6 business days after submitting your application.
The minimum amount at Happy Money is $5,000 USD.