![]() Most payday loans have to be repaid within 10 days to two weeks, and there can be serious financial consequences when you don’t pay back a payday loan. In this case, borrowers will make biweekly payments over an eight-week loan term. Possible Finance’s installment loans, which it also refers to as payday alternative loans, are short-term loans repaid on a fixed schedule over time. Payday alternative loans at Possible Finance If you choose to have your money delivered by ACH, it will take 1-2 business days for your funds to arrive. Potential borrowers will receive a decision on their application within minutes 1Īnd possibly receive funding within hours of loan approval if they add a Visa debit card to their account. ![]() You'll have three days to review the terms of service and accept your loan offer before it expires. Valid driver’s license or state-issued IDĪfter you apply, you'll receive a notification in Possible Finance's app indicating whether you've been approved and for what loan amount.In addition, you'll need to have the following: Possible Finance will want to verify that you have income coming in, though, and you will need a mobile device that can run the Possible Finance app. You can easily download the app by going to the company's website, There is no hard credit check performed when you apply. Prospective borrowers can by using the company's Android or iOS app. They specialize in small loans for people who may struggle to qualify for other loan or credit products. Possible Finance offers only one type of loan: an installment loan. If you live elsewhere, you'll need to look to competitors for borrowing options. It's licensed only in Ohio, Idaho, Washington, Texas, Utah, Florida, and California. One downside is that Possible Finance can't offer loans in all states. The company generally receives positive reviews, and the speed with which it funds loans can be a big boon to those who need immediate access to cash. ![]() The lender targets Americans who have difficulty gaining access to traditional credit when they need to borrow, as well as people who want to improve their credit score but can't do so until a lender gives them a chance. The company's goal is to help Americans who have been taken advantage of by a system in which big banks charge billions in punitive fees and trap people in persistent debt cycles. ![]() The company’s founders worked for a decade to develop the technology that makes police body cameras work before eventually founding Possible Finance. Possible Finance has a positive mission around financial health and financial fairness. Is headquartered in Seattle, Washington, and Tony Huang is the CEO and co-founder. What Possible Finance customers are saying.Payday alternative loans at Possible Finance. ![]()
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