Possible Finance Review
Payday Loans from $50 to $500
Fast approval • Secure application • No commitment
Possible Finance at a Glance
About Possible Finance
Founded in 2017 in Seattle, Washington, Possible Finance reimagines payday lending with a mission to help Americans avoid the debt trap of traditional payday loans. Unlike lenders that expect full repayment in 2 weeks, Possible allows borrowers to repay small loans ($50-$500) over 4 weeks with 4 automatic bi-weekly payments of 25% each. This 'installment payday loan' model makes repayment far more manageable.
As a direct lender licensed in Washington, California, Ohio, Missouri, Texas, Idaho, and Wisconsin (with expansion planned to more states), Possible specializes in micro-loans for borrowers who need emergency cash fast but can't afford to repay everything in one lump sum. Their average loan is $250—perfect for covering grocery shortfalls, gas money, or small unexpected bills without resorting to overdrafts or late fees.
What makes Possible unique is their commitment to helping borrowers build credit. Every on-time payment is reported to Experian, one of the three major credit bureaus, allowing you to improve your credit score while borrowing. This stands in stark contrast to traditional payday lenders that never report to credit bureaus, offering no upside for responsible repayment behavior.
Possible's 8.6/10 rating and 48% approval rate reflect their customer-friendly approach: no credit score required for approval, flexible repayment options (extend or reschedule payments for free if you're struggling), and a completely mobile-first experience. Their 150-200% APRs are lower than most payday lenders (typically 300-600%), though still high compared to traditional loans. Possible is best for borrowers who need $50-$500 quickly, want to build credit, and appreciate the flexibility to extend repayment without harsh penalties.
Expert Opinion: Recommended
Possible Finance is an excellent choice for borrowers who need $50-$500 for a short-term emergency and want the opportunity to build credit. Their 4-week installment structure (4 bi-weekly payments of 25%) is far more manageable than traditional payday loans that demand full repayment in 2 weeks. The fact that they report to Experian means responsible borrowers can actually improve their credit score—an almost unheard-of benefit in payday lending. APRs of 150-200% are still high, but roughly half of what CashNetUSA or Speedy Cash charge. The major drawback is limited availability (only 7 states) and a $500 maximum that won't help with larger emergencies. If you need more than $500, look at MoneyLion ($5,000 max) or NetCredit ($10,000 max). But for micro-emergencies under $500 in WA, CA, OH, MO, TX, ID, or WI, Possible Finance is hard to beat.
Example Loan Cost
Representative example of a typical Possible Finance loan:
*This is a representative example only. Your actual APR and costs will depend on your credit profile, loan amount, and state regulations. Always review your loan agreement before accepting.
Pros & Cons of Possible Finance
Advantages
- ✓ Reports to Experian credit bureau—build credit with on-time payments (rare for payday lenders)
- ✓ 4-week installment repayment (4 payments of 25%) instead of lump sum in 2 weeks
- ✓ Lower APR than traditional payday lenders (150-200% vs. 300-600%)
- ✓ Flexible payment rescheduling—extend or modify due dates for free if you're struggling
- ✓ No credit score required for approval (considers income and banking history)
- ✓ Fastest approval (within 1 hour typical) with same-day funding available
- ✓ Small loan amounts ($50-$500) perfect for micro-emergencies
- ✓ 100% mobile app experience—no paperwork, no phone calls, no store visits
Disadvantages
- ✗ Limited availability (only 7 states: WA, CA, OH, MO, TX, ID, WI)
- ✗ Very small maximum loan ($500 max vs. $3,000+ at most lenders)
- ✗ Still high APR (150-200%) compared to personal loans or credit cards
- ✗ App-only—no phone support, no physical branches
- ✗ Bi-weekly automatic payments may not align with monthly paycheck schedules
How to Apply for a Possible Finance Loan
Start Your Application
Visit Possible Finance's website or use our comparison tool to submit your application. You'll need basic personal information, employment details, and bank account information.
Get Approved
Possible Finance will review your application and make a lending decision within 1 hour. You'll receive notification via email or SMS.
Review & Accept
Carefully review the loan terms, including APR, fees, repayment schedule, and total cost. Only accept if you understand and agree to all terms.
Receive Funds
Once you accept the loan, Possible Finance will deposit funds directly into your bank account. Funds typically arrive within 1 to 2 hours.
Frequently Asked Questions
How do I apply for a Possible Finance loan?
Download the Possible Finance app from the iOS App Store or Google Play Store. Create an account and link your bank account for verification (this allows Possible to assess your income and cash flow). Complete the short application form—no documents to upload, no credit check. Receive an instant decision (usually within 5-10 minutes). If approved, review your loan offer and confirm your 4 bi-weekly payment dates. Funds are deposited into your linked bank account within 1 hour via instant transfer (for a small $3-$5 fee) or by next business day for free standard ACH transfer.
What are the requirements to qualify at Possible Finance?
You must be at least 18 years old, have a regular source of income (minimum $750/month), maintain an active checking account that's been open for at least 2 months, reside in one of Possible's 7 operating states (WA, CA, OH, MO, TX, ID, or WI), and have a linked bank account with sufficient transaction history. Possible does not check your credit score—they use alternative data like income consistency, cash flow patterns, and account age. Even borrowers with very poor credit (500s) or no credit history can be approved if they have steady income.
How fast can I get money from Possible Finance?
Possible offers two funding speeds: (1) Instant transfer: Funds arrive in your bank account within 1 hour for a small fee ($3-$5 depending on loan size). This is available 24/7, even on weekends. (2) Standard ACH: Funds arrive by next business day for free. If you choose instant transfer and are approved before 8 PM local time, money typically hits your account within 30-60 minutes. Most borrowers choose instant transfer for true emergencies, while those who can wait a day opt for free ACH.
What is the APR for Possible Finance loans?
Possible Finance's APR ranges from 150% to 200% depending on your state and loan amount. For example, a $250 loan in California repaid over 4 weeks (4 payments of $75 every 2 weeks) has a total repayment of $300, equating to an APR of approximately 160%. While 160% sounds high, it's significantly lower than traditional payday lenders like CashNetUSA (300-664% APR) and represents a total cost of $50 in interest for a month-long $250 loan.
How does Possible Finance help me build credit?
Possible reports all your payment activity to Experian, one of the three major credit bureaus. When you make on-time bi-weekly payments, these positive marks are added to your credit report and can boost your credit score over time. Late payments are also reported, so it's crucial to pay on time or use Possible's free reschedule feature if you're struggling. Most payday lenders do not report to credit bureaus at all, meaning you get no credit benefit. Possible is one of the few payday-style lenders offering this credit-building opportunity.
Can I extend or reschedule my payments at Possible Finance?
Yes, Possible allows you to extend or reschedule payments for free if you're having trouble meeting a due date. Simply open the app and request an extension before your payment is due. Possible will adjust your payment schedule accordingly—no extra fees, no penalties, just flexibility. This is a huge advantage over traditional payday lenders that charge rollover fees of $30-$50 or immediately send accounts to collections for a single missed payment.
What fees does Possible Finance charge?
Possible Finance charges a finance fee based on your loan amount and state regulations, typically ranging from $10 to $100 for a $50-$500 loan. For example, a $250 loan might cost $50 in fees, for a total repayment of $300 over 4 weeks (4 payments of $75). There is no origination fee, no prepayment penalty, and no fees for extending or rescheduling payments. The only optional fee is the instant transfer fee ($3-$5) if you want funds within 1 hour instead of waiting for next-day ACH deposit.
What states does Possible Finance operate in?
Possible Finance is currently licensed in 7 states: Washington, California, Ohio, Missouri, Texas, Idaho, and Wisconsin. They plan to expand to additional states but are currently limited by state payday lending regulations. If you live outside these 7 states, consider alternatives like MoneyLion (available in all 50 states) or CashNetUSA (available in 30 states).
Alternatives to Possible Finance
While Possible Finance is a solid choice, you may also want to consider these alternatives:
- → Credit Union Payday Alternative Loans (PALs) – Lower APRs (28% max) but slower approval
- → Installment Loans – Longer terms (6-24 months) with smaller monthly payments
- → Cash Advance Apps – $50-$250 advances with low/no fees (Earnin, Dave, Brigit)
- → Compare Other Lenders – See all 30 lenders in our network
Ready to Apply with Possible Finance?
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Apply Now at Possible Finance →⚠️ Important Disclosure
High-Cost Loan Warning: Possible Finance loans have APRs ranging from 150% to 200%, which is significantly higher than traditional bank loans. These loans are intended for short-term financial needs only and can be expensive if not repaid quickly.
Responsible Borrowing: Only borrow what you can afford to repay on time. Late or missed payments can result in additional fees, collection actions, and damage to your credit score.
Editorial Independence: Credizen.net is a comparison service. We may earn a commission when you click on lender links or apply for a loan through our platform. All reviews and ratings are based on publicly available data and user feedback. Possible Finance has not influenced this review.
Emergency Financial Help
If you're experiencing financial difficulties, contact your local financial counseling service.
- South Africa: National Credit Regulator - 0860 627 627
- Romania: ANPC - 0213142200
- Colombia: Superintendencia Financiera - (571) 594 2222
- Poland: KNF - 22 262 5000