With a single, fixed payment and a set paid-off date, a Payoff Loan streamlines paying off credit card debt.
Paying off your credit cards with a Payoff Loan can save you thousands of dollars thanks to low interest rates.
By paying off debt with the Payoff Loan, some members have increased their FICO score by up to 40+ points.††
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Let’s remove stress from the equation
Finances can be overwhelming. We’re here to help.
Stress less, save more
Paying off credit cards is one of the best ways you can make sure you won’t be stressed about money. As an added bonus, you’ll be saving on interest along the way.
Instead of operating on someone else’s timeline, you get to choose your terms, pay off date, and monthly payment. With us, you’re in control of your own money.
Our Member Advocates are here to help you succeed. No more hour-long waits or chatbots that get you nowhere - you’ll be speaking to real people who really care.
How the Payoff Loan works
We get to know you
We take a look at your credit, income, and savings to determine your Payoff plan options. No consequences or commitments.
You choose your Payoff plan
We’ll show you multiple options including the lowest monthly payment, best rate, and quickest way to pay off.
Verify & Finalize
We finalize all the legal documents and verify your information before dropping the money into your account, or paying the credit card company directly.
See what goes into getting approvedLearn more
The Payoff Loan vs Credit Cards
The Payoff loan
Focused on you and your goals
One fixed monthly payment
Designed to help boost your FICO score††
Yes, it’s possible for a loan to work on your terms
One fee, one time
We keep it transparent: an origination fee is charged when your loan is issued, and that’s it.† If that sounds intimidating, don’t stress: the origination fees range from 0% and 5%, and there’s no hidden charges.
Track your journey
Our online Member Portal allows you to monitor payments, track your progress, and directly contact our support team. Think of it like a one-stop-shop for all of your Payoff Loan needs.
We’re excited to help you fund your happiness, but please note that while most money is transferred to your bank account within 3-6 business days, Direct Card Payoff can take additional time.
Understanding the numbersView rates and terms
Personal loans made personal
See what our members have to say about their Payoff Loan experience.
“Happy Money helped me get out of debt that I never could on my own.”
“It is great to see one bill rather than 4-5 bills. And the interest rate is so much more manageable.”
“Happy Money took all my worry and uncertainty about credit card debt off my shoulders and provided one easy place for me to start making significant dents in my debt.”
We’re here to support you
If you prefer to read, dive into our always-growing library of support articles. When you need to talk to someone, we have a world-class support team at your fingertips. They keep it helpful, friendly, and confidential seven days a week.Browse our Help Center
Some frequently asked questions
What is the Payoff Loan?
The Payoff Loan is a personal loan between $5,000 and $40,000 designed to help you eliminate or lower your credit card balances.‡‡ We’ve built The Payoff Loan to give you control of your finances and pay your credit cards off faster by consolidating your high-interest card balances into one monthly payment at a fixed rate and term of your choosing.
Will checking my rate hurt my credit?
Don’t worry, checking your rate will not hurt your credit.* However, before you finalize your Payoff Loan, we will run a hard inquiry, which can impact your credit score. Luckily, our Members see an average FICO Score increase of 40 points after making their first few payments!††
What is the approval criteria?
We’re proud to be transparent about our approval process, and we encourage you to review the main requirements here before you submit your application.
Have more questions?Visit our help center
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Checking your rate is free and won’t impact your credit score*