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Possible Finance App: The Better Alternative to Payday Loans

Possible Finance App: The Better Alternative to Payday Loans

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 In a cash crunch? Consider an installment loan from Possible Finance, the alternative to expensive Payday Loans. 

There are many reasons you might need a quick cash loan, such as an unexpected car repair bill or an unexpected expense. Whatever the reason, you might be considering a payday loan as an option. But is this really the best choice for you?

An installment loan from Possible Finance might be a better fit for your needs, especially if you have no credit or a low credit score. Check out this guide to learn more about your options and to help you figure out if Possible Finance is right for you. 

What is Possible Finance?

Possible Finance is an installment loan provider that offers an alternative to traditional payday loans and payroll advances. The benefit of using Possible Finance is you can qualify for affordable short term loans that actually work towards building credit, a useful option for those with little or no credit or those rebuilding credit. 

A key benefit that is different from traditional payday loans is repayment isn’t due in one lump sum but is instead spread out into multiple installments with the flexibility to reschedule payments as much as 29 days later without fees or penalty. Rates are still higher than personal loans and credit cards, so consider carefully if the full repayment amount is worth the immediate cash need. 

possible finance payday loan alternative

image source: Possible Finance

How Much Can I Borrow From Possible?

Possible lets you borrow from $50 up to $500 (limits vary by state). Approval usually takes minutes. Funding typically occurs within minutes of approval but can take up to five days.

There is no additional fee for getting the money straight to your debit card.

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How do I apply for a Possible loan?

Applying is a breeze. Simply download the Possible Finance app, link your bank account for verification, and complete the application. . Approval takes only about 5 minutes! 

The application form will request the following documentation so be sure to have these on hand:

  • Valid Driver’s License or State issued ID
  • Social Security Number
  • Bank Checking Account

Once your application is reviewed by the system you will be notified if you are approved and for the total amount of the loan. The approval is valid for 3 days so you don’t need to decide immediately if you want to accept the loan. 

If you are comfortable with the terms, you’ll need to go into the app to accept the loan for funds to be deposited into your bank account on record (linked during the application process) or onto your Visa or Mastercard debit card

Repayment plans are set to payoff in 8 weeks with either bi-weekly or monthly payments. Check your loan terms before accepting to make sure this is a loan repayment schedule that works for your income.

Interest rates do apply but there are no origination fees, so check your individual loan agreement for amounts as these vary by state and total loan amount. 

One thing to note: borrowers can only have one current loan outstanding at a time with Possible. Once you pay off in full your initial loan and the funds clear, you’ll be able to reapply for a new loan. 

Possible Finance App

Most Americans are now used to doing most if not all of their banking and financial transactions on their mobile phones. Possible Finance makes applying and managing your payments simple and easy via their mobile apps available on both the Google Play Store for Android users and Apple Store for iPhone users.

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Possible Finance on Apple App Store 

iPhone and iPad users: get access to fast cash and credit via the Possible app on the Mac App Store. With an average score of 4.8 out of 5 stars, and over 78k reviews you can feel secure that this app is legit! Read thousands of real user reviews to determine if a Possible Loan is right for your financial needs. 

Get the Possible App for iPhone Here

get the app button

Possible Finance on Google Play Store

With an average 4.7 out of 5 stars grade on Google Play and over 44,800 reviews you can feel secure that Possible is a legit app to ihelp you build credit and get access to cash when you are in a bind! 

Get the Possible Android App here

get the app button

Is Possible Finance Safe?

Possible Finance is a legitimate and safe solution for times when you need a quick cash loan —for anything from a car repair emergency to paying for medical care. Once you qualify for the loan the cash is yours to spend as you need. 

Possible is fully compliant with local and federal regulations. They are a direct lender in some states and licensed through a bank partner in others.

Is Possible Finance Available in My State?

Update – July 2022 –  Possible is temporarily only able to give out loans in the following states: FL, CA, TX, LA, and WA. 

This list is subject to change, so if your state is not included in the list above, we recommend downloading the app and checking back to see if you could qualify for a Possible loan in the future.

Possible Finance is not a bank but an approved loan provider. Possible Finance loans are issued by Possible Financial Inc. In some states loans available through Possible Finance are issued by Coastal Community Bank, Member FDIC. Loan terms are subject to eligibility.

Will Using Possible Finance Impact My Credit Score?

Apply for a Possible Loan with no credit score check. Any credit level can apply and those with little or low credit scores can apply with no downside. The service is actually designed to serve those who have traditionally been locked out of installment loans. 

Once approved for a loan funds are sent to your bank, Possible will report to the credit bureaus, making on time repayments can help build your credit score. A true benefit for those working to build or repair their credit score. 

How to Reach Possible Finance Customer Service

Existing Possible Finance loan holders can get in touch with Possible customer service multiple ways. 

Account Login: Check balances, repayment schedule and contact customer service

Phone Number:

 Monday – Friday 10 AM – 5PM PST

(206) 202 – 5115

Questions: Try the Possible Help Center FAQ here.


The benefit of using Possible Finance is you can qualify for affordable short term loans that actually work towards building credit, a useful option for those with little or no credit or those rebuilding their credit. Unlike traditional payday loans, repayment is spread out over time to match your pay cycle.

You may even want to use these types of short-term installment loans as an opportunity to build good financial habits and take control over your finances again. If you are in need of an emergency loan, try the Possible App today and see if you qualify.

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