Happy Money does verify income for personal loan applicants to confirm that people can repay what they borrow, but it does not disclose a minimum income requirement. You also have to meet other Happy Money requirements to be considered, such as being at least 18 years old and being a U.S. citizen, permanent resident, or long-term visa holder living in the U.S. You have a good chance of getting approved if you meet all of these requirements.
Happy Money Personal Loan Requirements
Be at least 18 years old
Be a U.S. citizen, permanent resident, or long-term visa holder living in the U.S.
Have a Social Security number or passport
Have a credit score of 640 or higher
Must have at least 3 years of credit history
If you want a better idea of what personal loans you may qualify for with your income, you can use WalletHub's free pre-qualification tool.
Yes, a Happy Money personal loan does affect your credit score, both when you submit the application and when you are paying the loan off. Checking your rate on Happy Money will not hurt your credit, but they run a hard inquiry before finalizing your loan application, which might decrease your credit score.
How a Happy Money Personal Loan Affects Your Credit Score
Hard pull: When you apply for a Happy Money personal loan,...
No, Happy Money does not allow cosigners on personal loans, unlike some personal loan providers. A cosigner is a second person who serves as a guarantor on the loan, and thus promises to pay the loan back if the primary applicant cannot.
Although Happy Money does not accept cosigners on personal loans, there are quite a few lenders out there that do. You can check out WalletHub's picks for the best personal loans that allow cosigners to find some good...
Yes, Happy Money does a hard inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.
Happy Money's hard inquiry will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside before then. To see how...
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