Bright: Loans & Credit Builder

Bright Money

About this app

1.Build credit history with Bright Builder(1)
Get a secured line of credit starting at $50. Make on-time payments(1) monthly, and get payments reported to the credit bureaus
2. Build credit history with monthly rent payments
Get rewarded for paying rent on time(2). Get credit for up to the past 2 years of rent payments.
3. Customized debt pay-off plan with Bright Plan
Whether it's a long-awaited trip, a favorite car, a new house, or a happy retirement, the Bright App guides you toward a smart debt repayment plan and budgeting with AI.
4. Loan offers of up to $8,000(3) with no impact on score(4). All credit scores can apply.
5. Expert tips to manage your money
Use Bright's resources: Articles, practical guides, and a comprehensive answer bank for all your money questions.
6. 24*7 live chat support
Email us at [e-mail] or call on [phone] [OPERATIONAL HOURS [Mon-Fri] - 9:30 TO 6:30 PM (CST)]
1. Payment history has the biggest impact on Credit Score, accounting for 40% of how the score is calculated per TransUnion (https://www.transunion.com/credit-score). Bright Builder helps you build payment history that may positively improve your Credit Score. Credit Score increase is not guaranteed. Individual results may vary. Late payments, missed payments, or other defaults on your accounts with us or others will have a negative effect on your Credit Score.
2. Bright reports customer rent history to TransUnion and Equifax credit bureaus. Please note that credit score improvement is not guaranteed, and individual outcomes may vary. Late payments, missed payments, or other defaults on accounts with Bright or other creditors may negatively impact your credit score. Bright does not control credit score calculations, as they are determined independently by the credit bureaus.
3. Personal loan offers are provided by Bright's Network Partners and third parties, subject to credit approval and state-specific restrictions. Loan amounts, terms, and conditions may vary. By clicking to view offers, you will be redirected to third-party websites, which are solely responsible for their products, services, and website content. The inclusion of third-party products on the Bright Money platform does not constitute an endorsement or recommendation by Bright Money. Bright Money may receive compensation for referrals to these third-party products or websites. Please note that these products and services may not be FDIC-insured or guaranteed by a bank. Review individual offers for applicable terms and conditions. Repayment terms range from 12 to 84 months and may vary with network partners and third parties, as they are determined by those network partners and third parties, and APRs range from 5.99% to 35.99%.
Example: If you borrow $5,000 on a 24-month repayment term at a 16.21% APR, the required monthly payment would be $245.32 ($135.09 Principal + $110.23 Interest). Assuming all 24 payments are made on time, the total amount paid would be $5,887.68. APRs for loans range from 5.99% to 35.99%.
4. With your authorization, a soft credit pull may be conducted to facilitate the offer process, but it will not affect your credit score. If after receiving your offer(s) you choose to apply for a loan directly with a lender, the lender may conduct a hard credit pull that can affect your credit score.
Secured revolving lines of credit ("Bright Builder") are made by Bright Capital Inc., NMLS (2410428) only, subject to state residency. Bright currently does not offer Unsecured Lines of Credit ("Bright Credit") to new customers. Personal loan offers are available through Bright Money's Network Partners, subject to credit approval and applicable state restrictions. Loan amounts and terms vary. Deposit accounts are provided by Evolve Bank & Trust and Continental Bank, Members FDIC. FDIC insurance will only cover the failure of Evolve Bank & Trust and Continental Bank,Members FDIC. Learn more here. Bright is a financial technology company, not a bank.

Ratings and reviews

Terrible. I never received my advance but I was still charged an exorbitant fee. I tried to cancel repeatedly but they take so long to respond it's pointless. I can't sit watching a chat for ten hours hoping for a reply, and they close the chat immediately if you aren't there when someone deigns to respond. The app UI is also awful. You can't use basic typing features like automatic caps at the start of a sentence, for seemingly no reason, and the app pushes and pushes you into using credit.

Bright credit is a scam, don't do it. It's just a way for them to jump on the bandwagon and suck money from you. And the interest seems to go up fast. Don't do it! I regret it! And they keep hounding you for manual payments which defeats the purpose of automation. Update: The app is always inaccurate. Some important info doesn't show at all. Bright balances are mitch match, it takes a very long time for bright payments to be applied. I can't make payments on bright credit.

Scammers. I would never agree to pay an annual fee for any membership. So randomly, I was changed almost $90 for an annual membership that I did not sign up for. Now on my bank, it's showing no longer pending and it's fully processed. But on this app, I still have to wait 4-5 business days to BEGIN the refund process. Not to mention this whole time, my credit barely moved. But as soon as I got Kikoff or Self I saw a major improvement. Horrible service overall.

What’s new

What’s new?
Introducing a Faster, Smoother Login Experience on Bright Money
A custom in-house solution for your login experience. This enhances overall efficiency and gives us more control to fine-tune every detail.
Here’s how this update benefits you:
- Faster Login Times: Get into your account quicker than ever.
- Improved Reliability: A seamless and steady experience, every single time.
- Enhanced Control: Ensures optimal performance, with the highest security standards.