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Possible Finance Review: Complete Overview [2024]

Possible Finance Review: Complete Overview [2024]

Possible Finance review: Are you wondering what Possible Finance is? Want to know how does it work and what are its pros & cons? Wondering whether it is right for you? 

Don’t worry; we’ll help you with that! In this article, we’ll show you a simple Possible Finance review that will help you know everything about Possible Finance.

From time to time, you need fast cash. So, we regularly think of payday loans as an option for quick cash as we wish to get access to money immediately without the discomfort of these loans. 

Possible Finance is a payday lender that won’t check your FICO score when you apply for an installment loan. Read on further to know more about Possible Finance review. 

Possible Finance Review

Possible Finance is a financing service that provides short-term installment loans up to $500, and every loan has the same two-month term. You’ll have to make four payments over eight weeks until your loan is paid off. 

It will also report your repayments to all the major credit bureaus, thus helping you to build credit. 

You can be able to apply for a loan through its mobile application that is available for both Android and iOS devices. 

Even if you have bad credit, you might qualify for a loan. The interest rates are relatively high, but Possible Finance loans can be more affordable and can be a better choice than usual payday loans as you can be able to repay your debt in installment over time and build credit.

Here are some important details to keep in mind before applying for Possible Finance loan:

Possibly Instant funding – You can be able to access money on the same day you apply by having it deposited onto an eligible Visa debit card. You can also choose for a direct deposit, but it’ll usually take 1-2 business days. 

Not available in many states – A lot of people won’t have the ability to apply for a Possible Finance loan because it is only available in a few states, including California, Florida, Utah, Mississippi, Ohio, Washington, Texas, Indiana, Missouri, and few others. 

Build your credit – It reports your repayments to all the three major credit bureaus to assist you in building credit. Nevertheless, this can also have a negative impact if you make any late payments.

Doesn’t work with all banks – Before applying for a loan, you should have to check whether Possible Finance is compatible with your credit union or bank. Although it says that it supports over 9,000 financial institutions, it doesn’t work with all banks.  

No credit check – You don’t require to have good credit to qualify for an installment loan. Also, it performs a soft credit check when you apply, and it doesn’t affect your credit scores at all. 

Repayments are aligned with your payday – It specifically scheduled your four repayments on your paydays to help you avoid nonpayment. 

Checking account – To qualify, you should have an active checking account that has received regular income deposits for the past three months. It doesn’t work with prepaid debit cards, PayPal, Chime Bank, Simple Bank, and PayPal. 

possible finance review

How Does Possible Finance Work?

Possible Finance only offers one type of loan, which is an installment loan. They offer loans for people who find it hard to qualify for other credit or loan products. 

To be eligible for a loan, you’re supposed to be at least 18 years old, have a checking account with at least three months of banking history, live in a state where Possible Finance is available, shouldn’t have a negative or low bank balance, and should have a regular income of at least $750 per month. 

Also, if you receive your income through Simple bank, Chime Bank, PayPal, or prepaid debit cards, you won’t be eligible for a loan as Possible Finance doesn’t support these banks. 

To apply for a loan, you just have to download the app from the Google Play Store or Apple App Store and log in through your Google, Facebook, or Microsoft account. Then follow these steps:

  1. Choose the state you live in. If Possible Finance isn’t available in your area, you’ll be added to the mailing list for updates.
  2. Choose how much you want to borrow, then it will show the fees that you’ll have to pay along with your fortnightly payment amount. 
  3. Provide your driver’s license, Social Security number, and a compatible checking account. 

Once you’re finished applying, you’ll get a notification regarding the status of your application through the app. If you are approved, you’ll then have three days to review the terms and conditions and accept your loan. 

If you link your Visa debit card to your account, you’ll possibly get a decision on your application within minutes and probably receive funding within hours of the loan approval. 

If you choose to have your money delivered through ACH, it’ll probably take 1-2 business days for your funds to arrive. 

Fees & Interest 

As Possible Finance provides loans for people with low or poor credit, it charges fees. However, it keeps fees to a minimum, thus you don’t have to worry about the interest fee which you’re supposed to pay. 

One of the main perks of Possible Finance is that you don’t have to worry about the late fees because it gives 29 days past the original due date for every payment. 

Possible Finance takes on more lending risk than a usual lender, which looks for customers with good credit history. It charges far more, often exceeding 100% APR, whereas a typical personal loan may charge around 10% interest. 

Also, remember that these interest rates vary depending on the place you live. For example, Possible Finance charges a flat fee of $20 for every $100 borrowed in Utah, Florida, California, you’ll end up repaying a total of $600 with fortnightly payments. 

So, you should really think before going for a Possible Finance loan because of its short repayment terms and high-interest rates. On the other hand, if you don’t wish to loan money and your main aim is to build credit, you should probably take out a secured credit card or credit-builder loan. 


  • It can help you build credit as it reports your repayments to all major credit bureaus.
  • You can be able to delay your payment
  • Offers loans for people with low or poor credit
  • Repayments are aligned with your payday


  • Not available in most states
  • Short repayment terms 
  • High-interest rates

Possible Finance Alternatives

You can check out these Possible Finance alternatives that are worth using:

  1. Brigit 
  2. Empower
  3. FloatMe
  4. Earnin
  5. CashNetUSA
Must Try these 12 Apps like Possible Finance for Instant Loans! [2021]

Final Verdict

Possible Finance loans are much flexible than usual payday loans, and they don’t perform any hard credit checks. 

However, it’s significant to remember that Possible Finance provides only short-term installments loans, which you have to repay in just two months. 

Although the interest rates are pretty high, it can be the best option for you if you have poor or low credit. So, we hope the above article on Possible Finance review has helped you know everything about Possible Finance. 


How long does Possible Finance take to approve the loan?

You can be able to access money on the same day you apply by having it deposited onto an eligible Visa debit card. You can also choose for a direct deposit, but it’ll usually take 1-2 business days. 

Does Possible Finance check your credit?

No, Possible Finance does not check your credit score, so people with low or poor credit may qualify for a loan. 

Does Possible Finance hurt your credit?

It reports your repayments to all major credit bureaus, so you might have to repay the installment before the due date.

Is Possible Finance safe?

Yes, Possible Finance provides a secure and industry-standard privacy policy.

How do I contact Possible Finance?

You can connect to their customer support by emailing to or calling them at +1 (206) 202-5115.

How much can I borrow from Possible Finance?

You can be able to borrow up to $500, which should be paid in four payments over eight weeks.

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