This Secret App is the Easiest Way to Get Out of Debt

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Credit card debt is the worst, am I right? And the really nasty part is, your credit card companies are counting on you falling behind on your payments. That’s how they really make their money.

Sure, it’s awfully handy to swipe that plastic whenever you want something. But before you know it, you’ve got an outstanding balance you can’t pay off that month. It sticks around month after month, like a black cloud looming over your head.

Then your credit card companies get to charge you stiff interest rates on your unpaid balance.

Had enough of this? Consider fighting back by putting technology to work for you. Check out Bright, an app that’s designed to help you pay down your credit card debt.

It uses artificial intelligence to analyze your income and spending, and then it pays down your credit cards for you in the smartest, most strategic way possible.

Best of all? The whole thing is automated, so Bright helps you pay off your credit cards without you thinking about it or worrying about it.

A Personalized Plan for You

The app, available for iOS or Android, offers 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 your debt. It studies your bank account and your credit card accounts to come up with a personalized plan for how you’ll get out of debt.

Bright takes a look at:

  • Your outstanding balances
  • What minimum payments you have due
  • What interest rates each card is charging you
  • What you can afford to pay each month

Using 34 different algorithms, the app uses this data to calculate payments that get you debt-free faster, based on what you can afford.

Every two or three days, it withdraws a small sum of money from your bank account and puts it in your Bright account. We’re talking maybe $5 or $10 at a time. The app uses those funds to make your monthly credit card payments for you.

You’re Still in Control

Although Bright will automate your credit card payments, it’s not like it’s some runaway computer program that you can’t control.

If you’re suddenly in need of more cash to cover bills, you can move funds from your Bright account back to your bank account whenever you want.

You can also put a limit on how much money Bright can withdraw from your bank account for credit card payments.

As Bright’s powerful artificial intelligence engine learns more about your income and spending habits, it’ll adjust how much it withdraws per week.

What’s It Cost?

Bright costs $6.99 per month if you sign up for an annual plan. The powerful tool can earn you that money back with what it’ll save you on credit card interest.

If you choose a six-month semi-annual plan, it costs $8.99 per month.

Or, if you prefer to go on a month-to-month basis with no commitments, the app costs $14.99 a month.

This is important: No matter which plan you choose, you still get a 10-day free trial so you can make sure that Bright is right for you.

Is This Safe?

Good question! Yes, it’s totally safe and secure.

The money in your Bright account is FDIC-insured just like a bank account.

Bright also uses bank-level encryption to keep your data and your money secure.

Do Users Like the App?

Bright Money generally gets good reviews from users, who find it convenient to automate their credit card payments. That way they don’t have to worry about it anymore, and some users have found the app’s impact to be profound.

The average user pays off $700 in credit card debt in a matter of months, the company says.

The Bright Money app is rated 4.6 out of 5 in Apple’s App Store from 3,800 users’ rankings. It’s also rated a 4.6 in the Google Play Store.

If you need customer support, you can email the company, or you can call on weekdays. You can also reach a real human 24/7 via chat.

The Bottom Line

Bright has a couple more offerings. You can use the app to save up a rainy day fund, or improve your credit score by taking out a small line of credit through Bright’s credit builder system.

However, credit card debt is still the app’s main focus.

This is an innovative money management app, and it’s a powerful tool for fighting credit card debt.

You can always change your mind after the 10-day free trial. It only takes a few minutes to sign up.

Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder. He knows a lot about credit card debt from personal experience.