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.

Terrible experience. I had just got a loan from elsewhere and went to get lunch only for my card to decline because Bright snatched all the money I had and put me in the negative for a year subscription that I never agreed to or signed off on. Words can't express how frustrated I am I'd never recommend this app now I'm at work trying to figure everything out and I've already clocked out..

So far, so garbage. App constantly fails. They advertise this app as a way to build credit, but then they make you deal with debits that aren't clearly scheduled, and then you have to apply for another program - after they debit you 5 times!? The app asked when to take money out. I chose, but it decided not to do it. Customer service is telling me that their "AI" will deduct it when it's best for me!? That's the dumbest thing I've ever heard. Unless they give me a schedule, I'm canceling! Trash