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Bright Credit

Credit

Refinance high-interest credit card debt

Bright no longer offers Unsecured Lines of Credit (Bright Credit) to new customers, either directly or through partner banks. Please check back from time to time if we update our product offering and resume offering this service to new customers.

Bright will continue to service existing customers and there will be no changes to how your loan is serviced. The details below are for reference for existing customer only.

*illustrative example

How it works?

Check your rate via the Bright App

Download the Bright app to start an application

Review and accept the offer

See your rate and credit limit

Choose which cards to pay down

You can refinance multiple cards up to your credit limit

Pay at least your monthly minimum payment

You can choose how much to pay each month above your monthly minimum payment

Refinance more of your credit card debt

As you pay down your balance you can choose more cards to payoff

Check your rates for Bright Credit

Pay down your high interest credit cards

Check your rates

Details about

Bright Credit Fees

Bright Credit is a revolving line of credit. Each month you choose how much to pay above your monthly minimum payment. The more you pay down the more you can balance transfer.

Credit limit

$500 - $8,000

APR (Annual Percentage Rate)

9% –29.99%*

(*Variable rates apply)

Application fee

Origination fees

Late fees

Prepayment fees

Monthly minimum payment

(of the outstanding principal balance plus the accrued interest)

Example minimum monthly payment calculation:

Credit limit

$5,000

APR (Annual Percentage Rate)

12%

Outstanding Principal Balance

$5,000

Monthly Interest Accrual

$50

Principal Repayment (3% of balance outstanding)

$150

Monthly minimum payment

$200

Check your rates

Know more about Bright Credit

Is there a hard pull on my credit if I check my rates?

Can I payoff or close my account early?

Yes

Can I pay more than my Monthly minimum payment?

Yes

Can I choose which credit cards to pay down?

Yes

Is this a revolving line of credit?

Yes

Is interest on outstanding balance calculated daily?

Yes

Are there any late payment fees?

Have more questions? Visit FAQs page