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.
Will this impact my credit score?
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Related Impact
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.
Related FAQ's
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.
The CleanSweep account closure has no impact on your personal loan or any other of your Happen accounts.
We're sorry. As of December 18, 2024, Happen Bank discontinued the CleanSweep line-of-credit product.
Your CleanSweep line of credit is now closed. You can't make any new balance transfers.
Related Glossary
{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.
