Glossary

Your debt-to-income (DTI) ratio is your total monthly debt payments divided by your gross monthly income, expressed as a percentage. It is one of many factors used to determine your creditworthiness.

Lenders usually evaluate your credit score, debt-to-income ratio, income stability, and application accuracy when making an approval decision. Each one is within your control to varying degrees. Improving on these can be beneficial before you apply for a personal loan.

The best debt consolidation loan is the one that costs you the least after accounting for fees, pays off your creditors efficiently, and gets funds to you when you need them. Both personal loans and balance transfer options can reduce the interest you pay on credit card debt. But they work differently. A balance transfer card typically offers a low introductory APR that reverts to a standard rate, while a personal loan offers a fixed APR for the full term. If you can pay off the balance fast enough, a balance transfer card may cost less. The right choice depends on how much you owe, how quickly you can pay it down, and whether you want certainty.

Most people apply for personal loans through an app or website now: no branch visit or phone call required. But not all apps are built the same. The best ones are fast to show you real terms, easy to navigate from application to payout, and useful beyond the loan itself. Here's what to look for before you download anything.

Getting approved for a personal loan faster can come down to preparation more than anything else. A complete application with accurate documents moves through the process quickly. An incomplete one creates delays.

Today, we are thrilled to announce the completion of our acquisition of Radius Bancorp, Inc. (“Radius”). In February 2020, we announced our intent to acquire Radius and shared how we can grow and deepen our customer relationships with a marketplace bank.

You can view and manage most of your account information by signing in on the web or using the Happen Bank mobile app, including your password, phone number, physical address, loan documents, payment methods, and two-factor authentication settings.

Personal Banking Customers: Our Elite and Reserve Tier customers can place a wire via Online banking or the Happen Bank Mobile app. For all other customers, they can reach out to Customer Service at 800.242.0272 to initiate a wire. 

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) Code is a unique identification code that may be required by some banks, broker-dealers, and investment managers for the completion of international wire transfers.

Contact our team at 833-498-1399.

LevelUp Savings is a high-yield savings account that rewards you with a higher LevelUp Rate when you make deposits of at least $250 per statement cycle.