Borrowed From Bright Lending?
You May Have MONEY COMING BACK.

Now THIS is some good news for people who got hammered by high-interest online loans.

If you've ever borrowed from Bright Lending, Green Trust Cash, or Target Cash Now, pay attention.

You might owe a whole lot less than somebody told you.

And if you borrowed from Bright Lending, you could actually have CASH coming your way.

I'm talking about real money.

Not another loan.

Not another payment plan.

Money potentially coming BACK to borrowers.

Here's what's happening.

A proposed $15 million class-action settlement could provide cash payments and debt cancellation to eligible Bright Lending borrowers across the country.

Did you borrow from Bright Lending between October 1, 2020, and June 4, 2026?

Did you fully repay at least one of those loans?

You may qualify for a cash payment.

And here's something I particularly like.

If you qualify, you don't even have to file a claim.

Payments are supposed to be automatic after the court gives final approval and the settlement becomes effective.

Eligible cash payments will be at least $15, and some borrowers may receive more depending on how much alleged unlawful interest they paid above their loan principal and the available settlement funds.

Still owe Bright Lending money on a loan taken out between October 1, 2020, and December 31, 2024?

You may qualify to have that outstanding balance CANCELED.

And there's another benefit worth knowing about.

Under the proposed agreement, Bright Lending will ask consumer reporting agencies to delete negative credit-report entries associated with loans covered by the settlement.

That's a request for deletion, not a guarantee that every credit bureau will remove every entry.

There are eligibility rules. Nevada and Utah residents are excluded from the settlement classes. And the settlement still requires final court approval.

But this is absolutely worth checking.

Back in February 2024, Minnesota Attorney General Keith Ellison secured a separate federal settlement involving three online lenders:

• Bright Lending
• Green Trust Cash
• Target Cash Now

The Attorney General accused these lenders of issuing thousands of loans to Minnesota borrowers at annual interest rates ranging from 400% to 800%.

Yes. EIGHT HUNDRED PERCENT.

According to the Attorney General, the lenders had collected at least $540,000 from Minnesota borrowers who defaulted.

Investigators also identified 634 defaulted loans sent to collections between 2018 and 2022, with balances totaling nearly $1 million.

The Attorney General estimated that outstanding balances affected by the settlement exceeded $1 million.

Now, here's the part that matters to borrowers.

Let's do some simple math.

You borrowed $750.

You paid $900.

The lender says you still owe $1,200.

Under the Minnesota settlement, assuming your loan is covered, your $900 in payments must be credited toward the original $750.

Not $1,200.

Not $500.

ZERO.

Now, that Minnesota settlement does NOT automatically give you a refund of the extra money you paid.

But the newer Bright Lending class-action settlement could potentially put cash back into eligible borrowers' pockets.

THAT'S WHY THESE TWO SETTLEMENTS MATTER.

One stopped collection of illegal interest on covered Minnesota loans.

The other could provide actual cash payments and wipe out qualifying unpaid Bright Lending balances.

If you borrowed from Bright Lending, check the official $15 million settlement website.

If you borrowed from any of the three lenders while located in Minnesota, check the Minnesota Attorney General's settlement.

Then do four things:

1. Find your original loan agreement.
2. Find out exactly how much you originally borrowed.
3. Add up every payment you've already made.
4. Ask for a written accounting if a collector's claimed balance doesn't make sense.

Don't assume a debt collector's claimed balance is correct simply because it appears on a statement.

For Minnesota borrowers, the Attorney General's Office can be reached at:

651-296-3353 — Twin Cities

800-657-3787 — Greater Minnesota

Official Minnesota settlement information:

Read the Minnesota Attorney General's announcement

Official federal consent order:

Read the Minnesota settlement document

ONE LAST THING.

I've spent decades in the small-dollar lending business.

I know borrowers sometimes need money when nobody else will lend it to them.

That's why this business exists.

But needing a loan doesn't mean you surrender your rights.

And being told you owe $2,000 doesn't necessarily mean you legally owe $2,000.

If you have money coming back, I want you to get it.

If an old balance should be canceled, I want you to know that too.

And if you know somebody who borrowed from these lenders, forward this email.

They could be sitting there worrying about a debt they no longer have to pay.

Or they may have a settlement check coming their way and not even know it.

That's information worth sharing.

Jer Ayles

FedLendR.com