A personal loan to pay off credit cards
Personal loans between $5,000 - $40,000‡
Rates as low as 12.45% APR‡
Pay it off in 2-5 years**
Checking your rate is free and won’t impact your credit score*
Simplify
With a simple interface and quick application process, The Payoff Loan™ streamlines paying off credit card debt.
Save
Paying off your credit cards with The Payoff Loan™ can save you thousands of dollars thanks to low interest rates and a single, fixed payment.
Boost
By paying off debt with The Payoff Loan™, some members have increased their FICO® score by up to 40 points.††
BY
Go debt-free your way
Check my rate
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.
Take control
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.
Personal support
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
((1))
We get to know you
We take a look at your credit, income, and savings to determine your personal loan plan. No consequences or commitments.
((2))
You choose your plan
We’ll show you multiple options including the lowest monthly payment, best rate, and quickest way to pay off.
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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 approved
Learn moreThe Payoff Loan vs Credit Cards
The Payoff loan | credit cards | |
|---|---|---|
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 by our lending partners when your loan is issued, and that’s it.† If that sounds intimidating, don’t stress: the origination fee ranges from 1.5% and 5.5%, and there are no hidden charges.
Track your journey
Our online Member Portal and Happy Money mobile app allow you to monitor payments, track your progress, and directly contact our support team. Think of them as tools to help you with any of your loan servicing needs.
Funding timeline
We're excited to help you fund your happiness. Once your information is verified as part of the approval process, your funds will be available.
Understanding the numbers
View rates and termsPersonal loans made personal
See what our members have to say about their Happy Money lending experience.
“Happy Money helped me get out of debt that I never could on my own.”
Gia B.
“It is great to see one bill rather than 4-5 bills. And the interest rate is so much more manageable.”
Jimmy S.
“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.”
Misha A.
We’re here to support you
Our ever-growing library of Support articles can answer most of your questions in a few clicks. Need to talk to someone? Our world-class Member Advocates are here for you 7 days a week with helpful, friendly, and confidential support.
Go to 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 do I need to apply?
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