Advertiser Disclosure

Borrower Beware: Bright Futures Financial Corp.

Loans, Student Loans

This company is on the NerdWallet Student Loan Watch List. The list flags student-loan businesses and individuals hit by enforcement actions, court judgments or liens, or bad ratings from the Better Business Bureau. Learn more in Who Gets Listed.

Two owners of Bright Futures Financial Corp. — Vincent E. Lawrence and Douglas E. Lang — have a history of failed companies, debt and bankruptcy. Lawrence has been pursued by the IRS for delinquent taxes.

Debt, liens and bankruptcy: Lawrence has faced several foreclosure actions and a roughly $400,000 federal tax lien, which was released in 2013. He has filed for Chapter 7 bankruptcy, which was reopened after discharge, and for Chapter 13 bankruptcy.

Lang has also filed for Chapter 7 bankruptcy twice, in 2009 and 1995.

A Florida state court in 2009 ordered Lawrence and Lang to pay $345,000 to a company known as Gateway 135 LLC.

Bright Futures Financial Corp., which has an A+ rating from the Better Business Bureau, is not to be confused with Florida’s Bright Futures Scholarship Program, a lottery-funded program that provides scholarships to Florida high school graduates with high academic achievement.

What the company claims to provide: Help for borrowers in consolidating federal loans and determining eligibility for loan forgiveness, deferment or forbearance programs


Based: Largo, Florida

Management: Vincent Lawrence, president; Denise E. Lang, president; Justin Briggs, vice president; Douglas E. Lang, registered agent and officer; Joslyn Lawrence, officer. Denise Lang listed was listed as president in 2012 amendment through Florida’s Division of Corporations.

Sources: Florida business filings; Better Business Bureau