Happy Money

NMLS #1610752
NMLS #1717824
Happy Money offers personal loans, primarily for debt consolidation, focusing on helping people pay off high-interest credit card debt and improve financial well-being.
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Disclosure
** Your repayment terms will depend on your interest rate, origination fee, loan amount, and loan term. Example — A loan of $16,000 at 11.84% APR will result in 48 monthly payments of $408. ‡ Happy Money’s lending partners offer fixed rates between 7.95% APR and 29.99% APR for loan amounts from $5,000 to $40,000. The minimum rate for loan amounts above $15,000 is 10.84% APR. The minimum loan amount and APR may vary in certain states. Rates depicted are accurate as of August 5, 2025. Please see our Rates and Terms page for specific details.
Pros
Focus on debt consolidation
Lower rates for good credit
Educational resources
Cons
Specific use case
Strict credit requirements
Limited loan amounts
SnapshotOverviewCustomer ViewsSimilar Lenders

Snapshot

Year Founded
2009
Address
200 Spectrum Center Dr, Suite 900, Irvine, CA 92618
Estimated # of Employees
300-500
Composite Score
9.02
Trustpilot Reviews
4.7
(
470
Reviews)
BBB Reviews
A+
(
27
Reviews)
Website Link
https://happymoney.com

Overview

Happy Money, founded in 2009, operates with a highly distinctive mission: to fundamentally help people become "happier" by effectively addressing and eliminating their credit card debt. Its flagship financial product, famously known as the Payoff Loan, is meticulously designed for the sole purpose of credit card debt consolidation. This loan aims to transform burdensome, high-interest, revolving credit card debt into a single, predictable, fixed-rate installment loan, simplifying repayments and potentially saving on interest. Happy Money strategically partners with various financial institutions to originate these loans, and its approach is holistic, combining direct lending with insights from behavioral science to actively encourage healthier, more sustainable financial habits among its members.

Customer Views

What They Like

Customers consistently commend Happy Money's Payoff Loan for its laser-sharp focus on credit card debt consolidation, a feature that deeply resonates with many borrowers seeking to simplify their finances and reduce crippling interest payments. For borrowers with good to excellent credit, it offers competitive rates, making it a highly attractive option for those aiming to save money on their debt. Happy Money distinguishes itself by actively integrating financial education and psychological support into its platform, a unique blend that aims to help members not just pay off debt but also fundamentally change their relationship with money for long-term financial well-being.

What They Dislike

However, a primary limitation of Happy Money is its highly specific use case, meaning it is not a general-purpose personal loan provider and thus limits its appeal to those solely focused on credit card debt consolidation. Strict credit requirements are frequently cited, implying that its most attractive offers are primarily accessible to borrowers with strong credit profiles, potentially excluding others. Additionally, some customer feedback indicates that the maximum loan amounts offered can sometimes be limited, which might not be sufficient for individuals with very large credit card debt burdens.

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FAQs

Are loan offers ranked or biased in any way?

Score Credit is a free service for consumers. We partner with a network of vetted lenders and may receive compensation when a user checks their rate or takes out a loan through one of our partners. This helps us keep the platform free to use and maintain a high-quality experience. Our compensation has no impact on how your loan options are presented — you’ll always see real, personalized offers based on your credit profile and financial needs.

Does Score Credit receive compensation from lenders?

Score Credit is a free service for consumers. We partner with a network of vetted lenders and may receive compensation when a user checks their rate or takes out a loan through one of our partners. This helps us keep the platform free to use and maintain a high-quality experience. Our compensation has no impact on how your loan options are presented — you’ll always see real, personalized offers based on your credit profile and financial needs.

Happy Money

's customers are saying...

Point was great!!!! They gave me money from my home equity when no one else would. I did not qualify for refi or reverse mortgage. They were fast and the customer service was great. I recommend them, highly.
Terri C.
I think is a better alternative to refinance similar in my opinion to a reverse mortgage. your immediate cash flow is not impacted if what you are trying to do is control your cashflow by eliminating smaller loans that do impact your current cashflow.
Jose Castillo
This HEI was a perfect fit for me. Retired and on a fixed income, I found I was paying interest on home equity loans each month. I never seemed to be able to reduce those loans, which meant I was cash-poor each and every month. I was able to pay off all those loans, leaving me with some cash each month. The payoff will happen when I sell my home in the future.
Bruce M.
The Point process was a lifesaver for me. It allowed me to get completely out of a lot of debt and to make the changes I wanted to make in my house to enjoy my old age. The application process was very easy - just get in what they ask you for as timely as possible. Crystal and John were two of the nicest people you could ever hope to meet. They both got things done as fast as possible - we closed in a month. I see this, especially for elderly people who don't have a lot of equity in their home and can't do a reverse mortgage, as another good option.
Bonnie C.