We offer a full suite of payment options including installment loans from Happen Bank and revolving lines of credit through Comenity Capital Bank. Depending on which provider you are visiting, their practice may offer all or just some of the financing options below.
Installment loans
Borrowers can use an installment loan to finance a single transaction with equal monthly payments at a fixed rate. Individual rates and terms are based on factors like the borrower’s credit history. We have two options:
Installment loans with annual percentage rates (APRs) ranging from 3.99%–30.99% and loan terms from 24, 36, 48, 60, 72 or 84 months. Loans are available for amounts between $1,000–$65,000.
0% APR installment loans with terms from 6, 12, 18, or 24 months. Loans amounts are available for $500–$35,000.
Revolving lines of credit
We also have two options for revolving lines of credit:
Credit accounts with Promotional No-Interest Plans1 (Waived Interest, Payment Required) are interest-free for a promotional period of 6, 12, 18, or 24 months. After the promotional period, a standard 26.99% APR applies to any remaining balance. Available for amounts between $499-$32,000.
Credit accounts with Promotional Rate Plans2 (Low APR, Equal Payment Required) offer more flexible payment options. Longer repayment terms come with a promotional APR of 17.90%. After the promotional period ends, a standard 26.99% APR applies to any remaining balance. Available for amounts between $1,000-$32,000.
Promotional Credit Plan Details: Promotional No Interest (Waived Interest, Payment Required Plans): Interest will be charged to your Account from the end of the promotional period on any remaining promotional plan balance. Minimum payments are required for each Credit Plan. Minimum payments are NOT guaranteed to pay the promotional plan balance within the promotional period.*
Promotional Credit Plan Details: Promotional Rate Plan (Low APR, Equal Payment Plans): Interest will be charged to your Account at the reduced APR from the purchase date through the end of the promotional period. After the promotional plan expiration date, the purchase APR will apply. Minimum payments are required for each Credit Plan.*
*All Promotional Plans: For Happen Bank Financing Solutions Credit Accounts. Valid for single transaction only. As of August 2020, terms for new Accounts: Purchase APR of 26.99%. Minimum interest charge is $1.00 per Credit Plan in any billing period in which interest is due. Existing Account holders: see your Credit Account agreement for Account terms.
Credit Account offers are subject to credit approval.
Happen Bank Financing Solutions Credit Accounts are issued by Comenity Capital Bank.
A representative example of loan payment terms is as follows: a borrower receives a loan of $15,000 for a term of 60 months with an APR of 12.99%. In this example, the borrower will make 60 monthly payments of $343.05. Loan amounts range from $1,000 to $50,000, and loan term lengths range from 24 months to 84 months. Some amounts, rates, and term lengths may be unavailable in certain states or through certain service providers.
Some amounts, rates, and term lengths may be unavailable in certain states. APRs and origination fees are determined at the time of application. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of June, 8th. 2023 and are subject to change without notice.
Credit eligibility is not guaranteed. APR and other credit terms depend upon credit score and other key financing characteristics, including but not limited to the amount financed, loan term length, and credit usage and history, as well as the selected service provider.
Installment loans are issued by Happen Bank, N.A., Member FDIC, Equal Housing Lender (“Happen Bank”), a wholly-owned subsidiary of Happen Bank, Inc. NMLS ID 167439. Revolving lines of credit are issued by Comenity Capital Bank, Member FDIC. Credit products are subject to credit approval. Availability of credit products and credit issuers varies based on the selected service provider.
