10 Best Debt Consolidation Loans — Compared and Ranked for 2026

7. Ranked Lender - Payoff (Happy Money)

Payoff, now operating under Happy Money, secures fifth place through its specialized focus on credit card debt consolidation and unique psychological approach to debt relief. The platform specifically targets credit card consolidation with APRs from 11.72% to 24.99%, offering loans designed to pay off credit card balances directly rather than providing cash to borrowers. This targeted approach reduces temptation to accumulate additional debt while ensuring consolidation funds serve their intended purpose. Happy Money's behavioral science integration sets it apart from traditional lenders, incorporating psychological insights about spending habits and debt management into their platform design and customer support approach. The company's Payoff Loan includes features like automatic creditor payments, progress tracking tools, and motivational content designed to support borrowers throughout their debt elimination journey. Loan amounts range from $5,000 to $40,000 with terms from 24 to 60 months, providing focused solutions for credit card consolidation scenarios. The lender's mobile app receives praise for its intuitive design and motivational features that gamify the debt payoff process. Customer support emphasizes financial coaching and behavioral guidance rather than traditional transactional service, helping borrowers develop skills to avoid future debt accumulation. Happy Money's innovative approach to addressing the psychological aspects of debt makes it particularly valuable for borrowers who have struggled with traditional consolidation approaches or recurring debt cycles.