¹ One of the ways Bright saves money for our users is to lower the interest charges incurred while paying down debt. Bright’s MoneyScience™ system makes smart payments on your debts, making sure high-interest debt is paid down, a method that lowers your interest charges. In addition, Bright customers who qualify for a Bright line of credit can save additional interest charges by lowering their average APR. Based on an analysis conducted by Bright comparing the Credit card interest charges paid by users pre and post joining Bright between January 2020 and March 2022, 60% of users showed average interest savings of $360 annually. For our calculation we used: (a) average APR weighted by their initial credit card balances and APRs; (b) average utilizatrion on revolving credit line, c) average interest charges of users with the Bright Credit Line compared to users without the Bright Credit Line. User may qualify for a Bright Credit Line based on individual factors. Variable APR range from 8% –19%, Credit Limit range from $100 - $8,000. APR will vary based on prime rates.

² Up To 8x Faster with Bright – The stated estimates reflect potential time to pay off debt for an appreciable number (at least 10%) of Bright users. We calculated the estimates based on Bright’s records for users who enrolled between January 2020 and March 2022. We compared how long it would take for a user to pay off their credit card debt if they had used the Bright Service and compared that to how long it would take for a user to pay off their credit card debt without Bright, paying only their minimum payment. Actual pay-off rates will vary based on factors such as each user’s credit card APRs, the total payments made, and additional credit card charges.

³ Users who make on time payments and are in good standing are automatically evaluated for credit limit increases at least two times each year. Credit limit increases are not guaranteed.

⁴ Based on a simulation conducted with Equifax® and TransUnion® data, customers who opened a Bright Account between June 2020 through March 2022 would have shown an average increase of 40 points on their VantageScore 3.0 credit score if they had added Bright Credit Builder to their credit profile and made on-time payments on all of their credit accounts for 6 months. At least 15% of users would have shown an increase of greater than or equal to 60 pts. Individual results may vary. Late payments, missed payments, or other defaults on your accounts with us or others will have a negative effect on your credit score. Bright helps users build additional on-time payment history. The VantageScore credit score assigns a 40% weight to the payment histories that are reported by us and others. See VantageScore 3.0 model attributes and relative weightings based on VantageScore's whitepaper, "VantageScore 3.0 Better predictive ability among sought-after borrowers" (December 2013).

* Based on Apple Appstore and Google Play store ratings as on May 2022.

^^ illustrative example. Specific results will vary.


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