Bright Lending

Absolutely the worst. Will never borrow again. Paying back way more than I borrowed.

This Is a scam! They will lend you a small amount and dump interest on you even if you pay on time. I borrowed 400$ and ended up pay close to 800$ they doubled the amount and it’s just not worth it I promise!!

I am one of many borrowers who have been ensnared in the predatory web of Bright Lending. Despite diligently making ten on-time bi-weekly payments totaling $2,688.30, I was shocked to discover that the overwhelming majority of my payments had been allocated towards interest, leaving me with an outstanding balance of $2,019.24 on the original $2,100 loan. A mere $80 has been applied to the principal amount, effectively trapping me in a cycle of debt with no end in sight. This situation not only highlights the egregious nature of the exorbitant 325% interest rate imposed by Bright Lending but also underscores the predatory amortization structure employed by such entities, where minimal progress is made toward reducing the principal balance. It is a glaring injustice that demands immediate attention and intervention from lawmakers Bright Lending is operating what appears to be a "rent-a-tribe" scheme, where the economic gains from lending operations are funneled to external parties rather than benefiting the tribe itself. These LLCs are no more tribal than their non-Native, out-of-state beneficiaries.

Everything is disclosed and very transparent. Thanks for being there when needed.

How do i repay my loan before the first payment? it’s scheduled to come out on the 25th. but i want to pay it in full on the 17th.

Have paid off on time way more than I originally borrowed completely upset! I’d understand if you do not make payments on time….but that is not the case! Would use again if they stoped charging you after repaying requested amount. I have paid $770 on a $600 loan every payment on time? Totally unfair would use if they resolved issue and stoped charging me impossible to save money now I have been advised to go to my state representative to deal with the matter and no one on brights end has been helpful in any matter to address the situation I will contact my bank as well Will talk to my state representative and bank to get the issue handled no effort to reach out on brights end I have called that customer service number with no human answering

App doesn’t work good

That the only help me with my credit score! Thank you so much! I waiting the deposit!

This is a short term loan, and it clearly tells you when you signing your contact your interest rate and how much you will be paying back. For those people who say it’s hidden or not disclosed are lying or they didn’t read the contract that they sign. I have borrowed several times from this company and always paid the loan off ahead of schedule. The only suggestion I would give is for returning customers who have built that trust with, maybe lowering the interest rate from time to time. We try to show good faith by paying on time and paying loan off early just maybe a little reward who be nice. Other than that, I have no issues with this company. If I call customer service they have always been respectful and understanding to my situation. For those reasons is why I only use Bright lending anytime I need extra cash.

They helped a lot when needed. The APR is extremely high but I was able to read the contract before signing and accepting anything so I was highly aware of the interest rate and how much I was going to pay. They’re also great about paying your loan off early, so since I did that it was much lower than paying them back monthly.