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Credit card debt is the worst, right? What’s really annoying is that your credit card company is counting on you to default on your payments. This is how they actually make money.
Of course, it’s super handy to brush that plastic whenever you want something. But before you know it, you have an outstanding balance that you can’t pay off that month. It sticks together month after month like a dark cloud over your head.
Your credit card company will then charge you a high interest rate on your unpaid balance.
Enough? Consider fighting back by making technology work for you.Check bright, an app designed to help you pay off your credit card debt.
It uses artificial intelligence to analyze your income and expenses, and then pays your credit card charges in the smartest, most strategic way possible.
the best? The entire process is automated, so Bright can help you pay off your credit card without you having to think or worry.
A plan tailored for you
The app is available for iOS or Android with a 10-day free trial. So you can see for yourself how it works.
Once you sign up, Bright uses an artificial intelligence system called MoneyScience to help you manage your money and debt. It studies your bank and credit card accounts to give you a personalized plan on how to get out of debt.
Bright take a look:
- your outstanding balance
- The minimum payment you should make
- What interest rate is charged to you per card
- What you can pay each month
The app uses 34 different algorithms that use this data to calculate payments to get you out of debt faster depending on your affordability.
Every two or three days, it withdraws a small amount of money from your bank account and deposits it into your Bright account. We’re talking maybe $5 or $10 once. The app uses these funds to pay you monthly credit card payments.
you are still in control
Although Bright automates your credit card payments, it’s not a runaway computer program out of your control.
If you suddenly need more cash to pay your bills, you can always transfer funds from your Bright account back to your bank account.
You can also limit the amount Bright withdraws from your bank account for credit card payments.
As Bright’s powerful AI engine learns more about your income and spending habits, it adjusts the amount withdrawn each week.
how much is the cost?
Bright costs $6.99 per month if you sign up for an annual plan. This powerful tool can earn you that money back as it saves you credit card interest.
If you choose the six-month semi-annual plan, the monthly cost is $8.99.
Or, if you prefer to go on a monthly basis with no commitment, the app costs $14.99 per month.
This is important: No matter which plan you choose, you still get a 10-day free trial, so you can be sure Bright is right for you.
Is this safe?
good question! Yes, it’s completely safe and secure.
Funds in your Bright account are FDIC insured like a bank account.
Bright also uses bank-grade encryption to keep your data and funds safe.
Do users like the app?
Bright Money is generally well-received by users who find it convenient to automate credit card payments. That way they don’t have to worry anymore, and some users have found the app’s impact to be profound.
The company said the average user paid off $700 in credit card debt within a few months.
The Bright Money app scored 4.6 out of 5 on the Apple App Store’s ranking of 3,800 users. It is also rated 4.6 in the Google Play Store.
If you need customer support, you can email the company or call during business days. You can also contact a real person 24/7 via chat.
bottom line
Bright offers more products. You can use the app to save money for a rainy day, or improve your credit score by drawing a small line of credit through Bright’s credit building system.
However, credit card debt remains the app’s main focus.
It’s an innovative money management app that’s a powerful tool for fighting credit card debt.
After your 10-day free trial, you can change your mind at any time.in minutes Sign up.
Mike Brasfield ([email protected]) is a senior writer at The Penny Hoarder. He knows a lot about credit card debt from personal experience.
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