Does this impact my other Happen accounts?

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. 

A soft pull is a background look at your credit file that doesn't affect your credit score, while a hard pull is tied to an actual credit application and can affect your score. At Happen Bank, when you check your rate for a personal loan, you generate a soft pull – a hard pull only appears if and when a loan is issued to you. This means you can compare rates without your credit score taking a hit each time you look.

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.

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.

You typically go through four stages during the personal loan process: checking your APR, submitting a full application, getting an approval decision, having the funds disbursed. The length of the process can be affected by the completeness of the application. Your preparation can have more influence on timing than you might think.

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.

Your CleanSweep line of credit is now closed. You can't make any new balance transfers.

If you have no outstanding balance transfers, there's nothing else you need to do.

Through the course of continuing to test and refine this product, we have made the difficult decision to discontinue CleanSweep.

We're sorry. As of December 18, 2024, Happen Bank discontinued the CleanSweep line-of-credit product.

Happen Bank does not report CleanSweep accounts to the credit bureaus, which means the closure of your account will not affect your credit score or be provided on your credit report.

{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.