How it works?
1
You deposit at least $50 and get a secured loan starting at $50
Your money is held for your benefit in a Savings Account²
2
Pay atleast the Minimum amount due on the loan every month
This is the minimum of $10 or 50% of outstanding balance
3
We report your payments to the credit bureaus
We report to Equifax and TransUnion
4
You build credit history with on-time payments¹
On-time payments can help increase your credit score
Late or missed payments will be reported to credit bureaus and can have a negative effect on your credit score
Bright Builder is a Secured Line of Credit with a Security Deposit starting at $50. It is an open-end credit product that allows you to make draws, repay and redraw as needed so long as your account is in good standing up to your credit limit to an account of your choice. Your Security Deposit funds are only accessible after you close your Line of Credit and clear any remaining outstanding balances.
Details about
Bright Builder Account Fees
Interest rate
0%
APR (Annual Percentage Rate)³
0%
Security Deposit
Starting at $50
Application fee
$0
Origination fees
$0
Late fees
$0
Minimum Amount Due
Min($10, 50% of the outstanding balance)
Example minimum amount due calculation:
Credit Limit
$50
APR (Annual Percentage Rate)
0%
Outstanding Principal Balance
$20
Minimum amount due
$10
Late or missed payments will be reported to credit bureaus and can have a negative effect on your credit score
Apply now
Know more about Bright Builder
What are the minimum requirements to apply for Bright Credit?
Will checking rates affect my credit score?
Is Bright Credit a Revolving line of credit or an Installment loan?
Can I use Bright Credit to pay down credit card debts from multiple issuers?
Can I continue to use my credit cards or does Bright Credit make me close my credit cards once they are paid off?
How is a Bright Credit different from a debt settlement loan?
Is any security deposit required to get Bright Credit?
How can I get approved for Bright Credit?
What can I use Bright Credit for?
Can I payoff or close my account anytime?
Yes
Do I need to pay interest fees?
No
Is there a hard pull on credit report?
No
Do you report to Equifax and TransUnion?
Yes
Can I spend the loan funds immediately?
Yes
Is this a revolving line of Credit?
Yes
Is Bright Membership required for Bright Builder?
No
Do I need to provide a security deposit?
Yes
Can I access the funds of the security deposit?
No
Will Bright report both on time and missed payments to the Credit Bureaus
Yes
