Selfservice Bright Lending (2025)

FAQs

What is the lawsuit against Bright Lending? ›

Background. The case, filed in October 2023, documented experiences of over 40 Minnesota consumers led to take out small-dollar loans that charged interest rates multiple times above the 36 percent annual rate allowed under Minnesota law for lenders that issue payday or other small, short-term loans.

To cancel your payment obligations on this loan, you must inform us in writing, by or before the Cancellation Deadline, either by email to customerservice@brightlending.com that you want to cancel the future payment obligations on this loan.

Loans are typically funded as early as one business day. Please see our rates page & FAQ's for details. on a brighter path. Unlike traditional payday loans, a good payment history with us will lower your rates.

Bright Lending is a licensed lender authorized by the Tribe's Tribal Regulatory Authority.

Bright Lending is a tribal lender owned by the Fort Belknap Indian Community of the Fort Belknap Reservation of Montana, a federally recognized American Indian tribe. It's an online lender that offers short-term personal loans, which it calls installment loans.

About this app

Get an Instant Cash advance*, build credit**, save money, and track your spending – all on Brigit. Join over 8 million users on the financial health & budgeting app made for you. Get the money you need today, start building credit, and set yourself up for a bright financial future. It's that easy!

Bright uses those funds to make your card payments or to build your savings with Bright. You can always adjust how much Bright moves into your Stash account, and once they're posted, you can withdraw them at any time, moving funds back to your checking account.

Bright Builder helps you build payment history that may positively improve your credit score if you complete regular on-time payments over time. This can be especially beneficial if you have limited credit history or are looking to rebuild your score.

Ranging from $300 to $1,200, our new customer installment loans are a secure and convenient alternative to traditional payday loans. Qualified returning customers may borrow up to $3,000 through our Bright Lending VIP Loan Program. Our loans are unsecured and typically require only a few steps for fast results.

However, Bright Lending APR has no hidden charges like an application or late fees. What Are Bright Credit APR Rates? Bright Money's Bright Credit offers variable APR rates ranging from 9% to 29.99%. The specific APR you receive will depend on factors such as your credit score and eligibility.

How do I pay off Bright Lending early? ›

You can pay your outstanding balance at any time without prepayment penalty—simply visit our self-service portal https://selfservice.brightlending.com or reach out to our Customer Service team using the methods listed on our Contact Us page.

If a payment is 5 days late a charge equal to 10% of the payment due will be applied. Also, a non-sufficient funds/returned item fee of $30 may be applied.

Bright uses bank-level security with 256-bit encryption for security. Real humans. By email or chat.

It's possible to get a personal loan if you have fair credit, but you may pay more in interest and fees, and you may have to search harder to find a lender that works for you. If you can, you may want to wait and improve your credit score before applying for a personal loan to qualify for more favorable terms.

What are bad credit loans? A bad credit personal loan is for borrowers with low credit scores (from about 550 to 660) or thin credit histories. Bad credit loan amounts range from about $1,000 to $50,000 and annual percentage rates are capped at 36%.

The signs of a predatory loan include language like 'guaranteed' approval, an inflated interest rate and hidden fees and tacked-on financial products you didn't ask for. Be sure to read and understand all of the details in every loan document before signing it.

LendingClub Corporation has settled charges with the Federal Trade Commission, agreeing to pay $18 million and adhere to new guidelines. The settlement requires LendingClub to make clear and conspicuous disclosures about any fees charged upfront, as well as the total amount of funds borrowers will receive.