Bright answers

Frequently Asked Questions

How much can I borrow?

New customers may borrow from $300 to $1,000 dollars. Qualified returning customers may be approved for up to $2,000. We look at several factors to determine your loan amount. The factors we consider include your history with us and information gathered from third party data sources.

Does it matter if I have bad credit or no credit?

Bad credit or no credit alone does not determine loan approval, it’s just one of the things we consider during the loan approval process.

Will applying affect my credit score?

Our process shouldn’t affect your credit score. We don’t perform credit checks with the three major credit reporting bureaus, but we may use alternative providers to verify identity data points and active military status. These alternative providers may use information obtained through the major reporting bureaus, and these checks may simply show up as soft inquiries on your credit report. If you receive a prescreened offer from us, you may also see a soft inquiry on your credit bureau history.

What are the minimum requirements to apply for a loan?

We ask that you meet these criteria for responsible borrowing:

·      Recurring and verifiable source of income

·      Meet external and internal underwriting requirements taken in whole or in part

·      Legally meet all requirements to enter into a contract

·      Have an open and active checking account

What is Instant Bank Verification?

Instant Bank Verification (IBV) is a safe and secure process that allows us to temporarily view your bank statements. It will not allow us to access, withdraw, credit or transfer funds from your account.

How much does it cost?

Please see our rates page for loan cost and payment schedule example.

How do I receive my funds?

In most cases your funds will be electronically deposited via ACH to your bank account on the next business day.

Can I get same day funding?

We do not offer same day funding via wire transfer at this time.

What is the customer incentive to pay via electronic debit from my bank account?

By choosing to repay via ACH you will receive a discount of approximately 25 percentage points off the APR. Actual savings over the life of the loan may vary – please see the rates page for an example.

How do I make my payments?

You can pay by ACH draft from your bank account on your due date (new and returning customers receive 25 percentage points off of the APR), or send a personal check, cashier’s check, money order, or certified check to the address below on or before your due date.

Payment address:

P.O. Box 578
Hays, MT 59527 United States

When will my payments draft if it falls on a weekend or holiday?

Any debits to your account for repayment that falls on a Saturday, Sunday, or banking holiday will be debited on the next business day.

How do I cancel my loan?

You may cancel your payment obligations under this Loan Agreement, without cost or finance charges, no later than 3:00 p.m. Mountain time of the next business day immediately following the Disbursement Date. Your right to cancel your loan only applies if your loan either has not funded or, if it has, the funds are returned to us. 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. If we receive payment of the principal amount via the debit, then both your and our obligations under this Loan Agreement will be rescinded. If we do not receive payment of the principal amount by debit to Your Bank Account, then this Loan Agreement will remain in full force and effect.

Can I pay my loan off early?

Of course! We recommend paying your loan back early, which reduces the amount of finance charges. You can pay your outstanding balance at any time without prepayment penalty—simply visit self-service portal or reach out to our Customer Service team using the methods listed on our Contact Us page.

May I opt out of prescreened offers?

Yes. You can choose to stop receiving prescreened offers of credit from Bright Lending and other companies by calling toll-free 1-888-567-8688.

Can I opt out of Marketing Communications?

Yes, to update your subscriptions with Bright Lending, click here to update your preferences online or contact customer service at 1-866-441-7674.

How will Bright Lending contact me?

Bright Lending uses electronic communications in the form of Emails and Texting with appropriate consent. Our communications may include links to brightlending.com, bl.loans.com, or simply direct you to the appropriate landing page. If you ever have questions about a link please go to the website and contact us via chat, email, or call customer service.

Who am I borrowing from?

Bright Lending, LLC is a wholly owned and operated entity of the Fort Belknap Indian Community (the “Tribe”) on the Fort Belknap Reservation of Montana (the “Reservation”). The Company is wholly owned by the Tribe, was established for the Tribe’s economic benefit, and is organized under and operates pursuant to Tribal law. The Fort Belknap Indian Community is a federally-recognized Indian tribe and a sovereign nation, as expressly recognized under federal law. See 75 Fed. Reg. 60,810, 60,811.