![]() Payment history has the biggest impact on credit score accounting for 40% of how score is calculated per TransUnion ( ). Actual pay off rates may defer based on individuals. These customers included all users using Bright before Feb 2023, having a minimum of $500 credit card debt and having used Bright services for 1 year. ![]() Bright customers paid off their credit card debt 4x faster using Bright membership than they would by only paying their minimum dues. Bright Credit is currently not available in all states. Products and services subject to state residency and regulatory requirements. Credit line originated by Bright or CBW Bank, Member FDIC. Also, you can choose to pay more than the minimum due if you want to pay down the loan faster. Monthly Minimum Payments are as low as 3% of the outstanding principle balance plus the accrued interest. Final terms may vary depending on credit review. Variable APR range from 9% –24.99%, Credit Limit ranges from $500 - $8,000. Bright Credit is a line of credit that can be used to pay off your credit cards. If you’re approved and activate Bright Credit we may do a hard inquiry which may affect you credit score. When you check your rates for Bright Credit we initiate a “soft pull” of your credit.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |