Will this impact my credit score?

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.

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.

The CleanSweep account closure has no impact on your personal loan or any other of your Happen accounts.

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.

{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.