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FAQ
Frequently Asked Questions
Everything you need to know about Possible: Fast Cash & Credit
How much money can I borrow with Possible Finance?
Users can borrow up to $500 with Possible Finance. Maximum loan amounts vary by state; for example, California has a maximum loan amount of $250.
Does Possible Finance charge late fees on loans?
No, Possible Finance does not charge any late fees or penalty fees on its loans. The app explicitly states "No late fees—ever."
Can I build credit history with the Possible app?
Yes, Possible enables users to build credit history. It reports on-time payments to credit bureaus, contributing to payment history, and offers a credit builder loan and Possible Card.
How fast does Possible Finance disburse funds?
Possible Finance typically disburses approved funds within minutes directly to the user's bank account. Fund disbursement can take up to five days in some cases.
Are Possible loans available for individuals with bad or no credit?
Yes, Possible loans are available for individuals with bad or no credit. Applying for a Possible loan does not impact your FICO® score.
Does Possible Finance offer flexible payment options?
Yes, Possible Finance offers flexible payment options, allowing users to pay over time in four installments. Users can also reschedule payments up to 29 days for free without credit score impact.
In which states is Possible Finance licensed for direct lending?
Possible Finance holds direct lending licenses in CA, FL, ID, LA, OH, UT, and WA. For other states, Coastal Community Bank issues loans, which Possible Finance then services.
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