Happy Money Review
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Happy Money Reviews

Andrew Omalley


Andrew Omalley

People Looking for Fast Funding
People Looking for Fast Funding
About Happy Money

Happy Money, formerly known as Payoff, is a direct lender for personal loans. It is a California-based company that has been in operation since 2009.

Happy Money is preferred by a lot of people due to its simple-to-use platform, competitive APRs and its transparency with qualifying criteria. This review will look at everything one needs to know before getting a personal loan through Happy Money.









Happy Money Personal Loans Review

The main focus of Happy Money personal loans is to help people pay off credit card debt. However, they can also be used for other purposes.

These loans generally have a longer-term length than a lot of competitors, with the shortest time period for a Happy Money personal loan being 2 years. There are usually competitive rates on offer and no fees, except for an origination fee sometimes being charged.

Happy Money Personal Loans Highlights


$5,000 - $40,000


2-5 years




Min 8.99%


Min 8.99%


2-5 business days days











Pros & Cons

  • Competitive rates usually offered
  • Easy to use platform
  • Good track record
  • No late fees or early repayment penalties
  • No co-signer or joint application option
  • Origination fee often charged

Personal Loans Types

  • Unsecured Personal Loans

Happy Money Personal Loans Terms & Requirements

The rates charged for a Happy Money personal loan are usually quite competitive. The main usage these loans are intended for is helping people to pay off credit card debt. Term lengths of between 2 and 5 years are available.

An origination fee can often be charged, with this often rising to as much as 5% of the total loan amount. No other fees are charged by Happy Money, including late fees and early repayment. Penalties. To get a personal loan from Happy Money, you usually need to have a credit score of at least 640.

You can keep track of your Happy Money personal loan through the lender’s online or mobile platform.

How to Apply

Happy Money step 1: Enter your name
Screen 1

Enter your name

Qualification Requirements

  • Credit score of at least 640
  • At least three years of good credit
  • No more than a single installment loan over the previous year
  • Must be at least 18 years old
  • No credit delinquencies

Required Information

  • Desired loan amount
  • Employment status
  • Annual income
  • Home address


Application Steps & Time Frames

The process of getting a Happy Money personal loan is quite straightforward. You will first be able to go through a pre-qualification process to see what sorts of loans you might be able to get. This sees you enter some basic info on the Happy Money website, such as your credit score, annual income, and savings.

Happy Money will then showcase various options you have open to you in the form of a personal loan, outlining any charges and rates that will be in place. Once you like a given loan offering, you can then proceed with an official application. This entails you providing further info and verifying the key points you have provided, such as your income and identity.

Then you will need to sign the legal loan documents electronically before you can get your hands on the borrowed funds. It can take between 3-7 business days usually for Happy Money to review your application. If it gets approved, it can be another 2-5 business days before the borrowed money hits your account.

State Availability

Available - Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.

Not Available - Massachusetts, Nevada.

Privacy & Security

Happy Money does not sell user information, but they may share personal data with affiliates and third parties, such as their lending partners. They will not share your information with non-affiliates without your consent.

Happy Money takes security and keeping your data safe seriously by using bank-level security, outside expert certification, secure data encryption, session time-outs, and strict password requirements.

Happy Money has an A+ rating with the Better Business Bureau and 4.6/5 stars on Trustpilot. It has a strong track record over the years of properly treating its users.

Customer Support

Unlike many lenders that only have their phone lines open five days per week, you will also be able to get in touch with the Happy Money support team on Saturdays. The choices you have to contact the team range between live chat, telephone, and email.

Each has its own distinct benefits. There are also plenty of resources and information displayed through the Happy Money website in relation to the offering. It is a lot more transparent as a lender than many of its competitors in the space.

Phone Support
(800) 878-0901
Mon - Fri
6:00 AM - 6:00 PM PST
6:00 AM - 2:30 PM PST

In Conclusion

Happy Money is known as being a trustworthy lender that is flexible with its loan offering. While there is an origination fee in place usually, there are not really any other fees to talk about. The time to funding is quite fast and the entire platform is fine-tuned to make it a breeze to submit a loan application.


What is the origination fee for a Happy Money personal loan?
The origination fee charged on a Happy Money personal loan can vary between 0% and 5%.
Does Happy Money charge late fees or early repayment penalties?
Happy Money does not currently charge any late fees or early repayment penalties.
What are the term lengths available for a Happy Money personal loan?
You will be able to choose term lengths of between 2 and 5 years for a Happy Money personal loan.

Happy Money Disclaimer

‡‡ Happy Money works with Lending Partners who originate loans. Individual borrowers must be at least 18 years old and have a valid social security number and a valid checking account. All loans are subject to credit review and approval. Your actual rate depends upon credit score, loan amount, loan term, credit usage, credit history, and state of residence. Currently, loans are not offered in: MA and NV. Our mailing address is Happy Money (Payoff), 21515 Hawthorne Blvd, Suite 200, Torrance, CA 90503.

* Checking your rate generates a soft credit inquiry that is only visible to you. A hard credit inquiry that can affect your credit score appears when your loan is issued.

** Your repayment terms will depend on your interest rate, origination fee, loan amount, and loan term. Example — A loan of $16,000 at 10.99% APR will have a monthly payment of $413 for 48 months.

‡ Happy Money offers fixed rates between 7.99% APR and 29.99% APR for loan amounts from $5,000 to $40,000. The minimum rate for loan amounts above $15,000 is 9.24% APR. The minimum loan amount and APR may vary in certain states. Please see our Rates and Terms page for specific details.

† The origination fee is charged by the lender who funds and issues your loan through our platform. Lenders do not charge any late, bounced check, failed ACH, or other fees. The origination fee is based on your loan amount, term, and credit quality. This one-time fee is deducted from your loan proceeds when your loan is issued.


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Andrew Omalley

Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.