What are the Happy Money fees?

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.... read full answer

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.

It is not very difficult to get a personal loan from Happy Money because they offer personal loans for people with credit scores as low as 640. Other Happy Money personal loan requirements include being at least 18 years old, having an SSN, and having enough income to afford monthly loan payments.... read full answer

Happy Money Personal Loan Requirements

• Minimum Credit Score: 640 credit score
• Minimum Income: Not disclosed, but require a debt-to-income ratio of 50% or less minimum income
• Age: 18+ years old
• Residency: U.S. citizen, permanent resident, or immigration visa holder
• Identification Type: SSN

Once you make sure you've met all the requirements for a Happy Money personal loan, you should have a good chance of approval. However, the exact interest rate you receive will depend on factors such as your credit score, income, and debt.

You can use WalletHub's free pre-qualification tool to see if you're likely to get approved and what rates you could get. Plus, it won't hurt your credit.

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 your individual credit score may be affected by a hard inquiry, you can use the ... read full answercredit score simulator on WalletHub.

It's worth noting that some people may be uncertain about whether Happy Money does a hard inquiry because there's only a soft inquiry during the pre-qualification process. Soft inquiries do not impact your credit score. But that's just the first step, and a hard inquiry is required when you officially apply.

If not having a hard inquiry is important to you, lenders that don't do a hard pull at all include Opploans, Integra Credit and NetCredit.