Do I give Happen Bank 100% of my paycheck?

Two people can borrow the exact same amount for the exact same timeline and end up with completely different bills. Why? Because your Annual Percentage Rate (APR)—the true yearly cost of your loan—hinges on things you can actually control. Your credit profile, your debt-to-income (DTI) ratio, your loan term, and the lender you pick all drive your final rate. Here is how to tweak those levers and keep more cash in your pocket.

Your credit score is built from five factors, and the habits that move it fastest map directly onto the most important ones. Paying every bill on time and keeping your card balances low account for 65% of your FICO score combined. The remaining three factors—credit history length, credit mix, and new credit—are the slow-growing part of the garden: they matter, but they build over time rather than through quick, targeted action.

The debt avalanche minimizes total interest paid. The debt snowball gives you quick wins. Which one is right depends on what matters more to you—saving the most in interest, or building the momentum to see it through. If you have several high-interest balances, there’s a third option: debt consolidation with a personal loan.

"Bad credit" is a range, not a verdict. A borrower with a credit score of 620 has meaningfully different options than one with a credit score of 520 – and a personal loan from a bank can still be an option for many borrowers in the fair credit range (580–669). Before you decide anything, check your rate in seconds with no impact to your credit score.1,4 If you're not yet in the qualifying range, credit monitoring tools can help you track the progress that matters most.

Getting out of debt starts with a clear picture of what you owe, then a decision about how to tackle it. Two methods—debt snowball and debt avalanche—work with money you already have. If several of your balances carry high APRs, consolidating with a personal loan can lower the interest rate on the debt itself before you start paying it down.

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.

If you received two micro-deposits, you’ll need to verify them. To verify the micro-deposits, check your external account and note the two deposit amounts

This page explains how to link an external account.

Depending on the linking option you choose, we might need to send 2 micro-deposits to the new external account to verify ownership. These micro-deposits typically take 3-5 business days to deposit in your bank account.

For us to receive an international wire transfer, you'll need to have your bank send a Fedwire Funds Service request through their North American correspondent using this information:

You can add funds to your account online or in the app.

{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.

{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment. 

{noun} The total annual cost to borrow money, including fees, expressed as a percentage.

A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.

{noun} An interest rate that remains the same for a set time, usually for the life of the loan.