|Basic requirement to get the loan|
AL, AK, AZ, CA, CO, DC, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MH, MI, MN, MS, MO, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, RI, SC, SD, TN, TX, UT, WV, WI, WY
|APR up to||725%|
|Time to money||Next business day|
|Funding Method||Bank account|
Bright Lending Review: Get Help When You Need It
When you need help paying for medical bills, moving costs, car repairs or other emergencies that are giving you trouble, Bright Lending offers loans of up to $1,000. You’ll have sufficient time to repay your amount since their standard repayment term is 10 months. Now, if you have a bad credit history, banks will do little in advancing a loan to you. Fortunately, this lender caters to underserved consumers.
A cash loan of $1,000 may seem like a plausible option if you need funds before your next paycheck. However, you’ll have less than 30 days to repay what you owe. The problem with traditional cash/payday loans is that they are highly unmanageable. Unfortunately, most consumers can’t raise cash in that short time frame, maybe because they are already living paycheck to paycheck.
Cash loans from Tribal lenders come with longer terms giving you much needed flexibility and low monthly payments you can afford on your current paycheck. You even have the option of paying off your loan early with no prepayment penalties. So why is Brightlending the best lender for you?
Experience a Quick Loan Service
Something that we must highlight in this Brightlending.com review is the fast services offered by the company. It is out of the realization that customers are often afflicted with emergencies and need assistance immediately. You’ll spend minutes completing the online form. Instantly, you’ll receive an initial decision.
The next process entails completing the verification process. Once you’re accepted, you receive your loan agreement that you sign electronically. Lastly, you’re funded by a direct deposit via ACH payments to your bank account. Expect to have your loan in one business day.
Open 24 Hours a Day
Unlike a brick and mortar loan agency operating for 12 hours a day, Brightlending is accessible day and night. Your smartphone or computer is all you need. The money you obtain is yours to spend as you wish. With this flexibility, you can solve your problems and get back on track.
Lowered Rates with VIP Program and Transparent Process
You’ll get rewarded when you demonstrate that you’re a good customer with a good payment track. The reward is reduced APR rates on future loans.
Bright Lending has ensured that customers know the ins and outs of their loan products, policies, etc. You’ll be told the APR, finance charges, number of payments, cost of the loan based on the minimum payments, and more. You are also allowed to pay the loan in full, anytime with no penalties.
Save Money with Autopay
You can reduce the cost of your loan by opting for automatic payments. Money will be deducted from your bank account as per the loan amortization schedule. Autopay reduces the occurrence of late or missed payments, therefore, reducing late fees and penalties. You’ll also get a significant discount of up to 50 basic points. For instance, if your APR was 725% for manual payments (using a personal check), under auto-pay you would get the interest reduced to 675%.
Is Bright Lending Legit?
Customers always ask if they are dealing with a legit lender. The company is legit and has been operating for a couple of years. You’ll notice that they have a secure website and various ways to contact them, including live chat via their site, calling or emailing them.