699.9 % interest for a short term loan
They are absolute Sharks and charge .1 percent less than what would trigger federal probes for predatory lending.
Pointless
The app simply does nothing but let you change passwords or talk to AI chat 100% pointless highly don’t recommended your better off just finding a different source to help you.. because a loan of 500$ you will be paying back 3,000+$ don’t do it
Response from developer
Bright Lending discloses the total cost when only the minimum payment schedule is followed, and the APR is prominently disclosed on both our website and loan documents that are reviewed and signed by our customers. Should you have any further questions, please call customer service at (866) 441-7674.
Never borrow from them criminals
Avoid these criminals. The worst loan app.
App engages in fraudulent or misleading activity
This company gave me a $700 loan while living in Illinois, with a 699.96% APR. That violates Illinois state law, which caps APR at 36%. I paid $344.46 before learning the loan was illegal. The company refuses to refund or respond. This app supports predatory, unlawful lending and should be reviewed by Apple for removal.
Edit: Fascinating that you can reply here for damage control but can’t be bothered to respond to my actual emails. I’ve contacted you multiple times to resolve this, and you’ve ignored every attempt. You issued a 699.96% APR loan to me while I was living in Illinois—where that rate is illegal under state law. I’ve paid $344.46 already on a void loan. You refuse to refund or engage directly, yet have time to write PR responses on app reviews? That’s not transparency….it’s evasion. Regulators are already involved.
Edit: Fascinating that you can reply here for damage control but can’t be bothered to respond to my actual emails. I’ve contacted you multiple times to resolve this, and you’ve ignored every attempt. You issued a 699.96% APR loan to me while I was living in Illinois—where that rate is illegal under state law. I’ve paid $344.46 already on a void loan. You refuse to refund or engage directly, yet have time to write PR responses on app reviews? That’s not transparency….it’s evasion. Regulators are already involved.
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Trying to reapply
So I’ve paid off my previous loan years ago. And now I’m trying to reapply for another. But every time I sign in my account it keeps sending me back to the same page. How can I reapply?
Response from developer
Thank you for taking the time to leave us a review and we are so happy you chose Bright Lending for your personal loan needs. We apologize for any difficulty you may have experienced on our website and would be more than happy to assist with your application. Please feel free to contact our customer service team by calling (866) 441-7674.
