- It is fast and easy to use.
- The website carries an SSL certificate. This assures you you’re dealing with the right provider.
- It is reliable for getting small loan amounts.
- May compromise your personal information.
- The platform is almost impossible to contact.
|Company (Lender)||Loan Amount||Loan term||Min. credit score||Est. APR||Funds available in|
|$100 to $5000||Determined by the lender||None||Up to 300%||24-48 hours|
What is Brighten Loans?
Is Brighten Loans Legit?
The platform does, in fact, provide the services that it claims to. But beyond that, much isn’t known about them and how they operate. First, they have limited contact information. Also, they lack any presence on high-authority customer review platforms. While this doesn’t mean that their services are poor, you have no idea what to expect from them. Also, it infers that you are on your own should a problem present itself after you’ve taken the loan.
The Best Way to Deal With Absence of BrightenLoans Customer Reviews Concerns
Note that lack of customer reviews isn’t unique to Brighten Loans. It is a problem that the vast majority of connection service platforms share. As a result, this metric alone isn’t enough to pass judgment. Still, reviews are important. One approach you can take here is this. Once you’re linked with a lender, don’t proceed with the transaction until you’ve researched them. Usually, these lenders tend to have a stronger online presence. Due to this, you can get a better idea of who exactly you’re dealing with.back to menu ↑
Brighten Loans Fees and Rates in 2021
This personal loan aggregator allows you to borrow $100 to $5,000. According to their terms of service, they do not charge the borrower for using their service. All they do is connect you to a willing lender and then back out. The only problem with this is that it leaves everything to the discretion of your lender. Your lender handles setting the loan APR, repayment options, and other variables. How high your interest rate goes is also influenced by the state you’re taking the loan in. Some lenders can raise their interest rate as high as 300% or more. To ensure you don’t get in over your head, make sure you go over the loan agreement before proceeding.back to menu ↑
The Conditions of Service Provision
Do NOT gloss over the details provided here. They might be all you need to determine whether BrightenLoans is for you or not. The terms of service they offer have a strict arbitration clause. So, do not proceed if you can’t handle that. Your actions with any loan you take here have far-reaching effects as they can affect your credit score. To apply for a loan, details you have to provide include; Your date of birth, Social security number and driver’s license number, Your Bank account number, and Your monthly income. After this, you can place a request to connect with a lender. You would have to release other personal information at this stage. Next, you’re linked to a willing lender. You then proceed to complete the rest of your application on their platform.back to menu ↑
Their service is convenient and great on a lot of levels. But, a lack of transparency makes BrightenLoans difficult to trust completely. Also, information isn’t provided on their network of lenders. And because you can’t contact them, there’s no way they can come in if something goes wrong. If you must use this platform’s service, ensure you do so with caution.
Terms: Brighten Loans Review 2021 | Pros and Cons