Possible Finance Loans Review: Mobile Lending for Bad or No Credit

3.5 _/5

Possible Personal Loan

View Rates

• Borrow up to $500
• No FICO credit check, unlike other personal loans
• Each on-time payment helps rebuild your credit score
• Free instant funding within minutes

• High cost of borrowing in some states
• Low personal loan limits (up to $500)
• Not available in all states

Fixed rates (APR)	Varies by state ($15–$25 per $100 borrowed)
Loan amounts	Up to $500
Term lengths	8 weeks (4 biweekly payments)
Minimum credit score	None

Possible Advance

Get Cash

• No interest, tips, instant transfer fees, or late fees
• Instant cash access up to $300
• Average first advance is $85, which is higher than with other platforms

• $15 monthly membership required to access advances
• Advance is available only in Colorado, Maine, Massachusetts, Minnesota and West Virginia

Funding	Typically within minutes
Speed of advance	Up to $300 (first advances average $85)
Fees	$15/month flat membership

Table of Contents

1. Possible Loan
   1. Rates and terms
   2. Eligibility requirements
   3. Application process
   4. Repayment
   5. Alternatives to the Possible Loan
2. Possible Advance
   1. How does the Possible Advance work?
   2. Fees and limits
   3. Eligibility
   4. Repayment
   5. Alternatives to Possible Advance
3. Pros and cons of Possible Finance
4. Is Possible Finance legit? Customer reviews
5. FAQ
6. Final verdict: Is Possible Finance right for you?

Possible Loan

3.5 _/5

View Rates

Personal Loans

• Borrow up to $500.
• No FICO credit check, unlike other personal loans
• Each on-time payment helps rebuild your credit score
• Free instant funding within minutes.

• High cost of borrowing in some states
• Low personal loan limits (up to $500)
• Not available in all states

Fixed rates (APR)	Varies by state ($15–$25 per $100 borrowed)
Loan amounts	Up to $500
Term lengths	8 weeks (4 biweekly payments)
Minimum credit score	None
Available states	Alabama, Arizona, Arkansas, California, Delaware, Florida, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, North Carolina, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington state and Wyoming.

Rates and terms

Possible doesn’t charge interest, but the cost varies widely by state, often functioning like a flat fee per $100 borrowed. Here are some examples by state to illustrate:

States	Cost of loan (per $100 borrowed)
Rhode Island	$10
Alabama, Kansas, Kentucky, South Carolina, Tennessee, Washington	$15
California	$17.65
Arkansas, Arizona, Idaho, Mississippi, Nebraska, New Hampshire, North Carolina, Utah, Virginia, Wyoming	$20
Iowa	$20 (max $60 total)
Delaware, Missouri, Nevada	$25
Florida, Hawaii, Indiana, Louisiana, Michigan, Ohio, Oklahoma, Oregon, Texas	Borrowing fee is not a flat rate

Eligibility requirements

You’ll need to meet these requirements to be eligible for a Possible Loan:

• Live in an eligible state
• Link a checking account with consistent paycheck deposits
• Have a valid Social Security number

What states does Possible Finance work in?

Loans are available directly from Possible Finance in nine states: California, Hawaii, Idaho, Louisiana, Hawaii, Nevada, Ohio, Oregon, Utah, and Washington.

Loans are available through Possible’s partner bank Coastal Community Bank in Alabama, Arizona, Delaware, Florida, Iowa, Indiana, Kansas, Kentucky, Alabama, Arkansas, Delaware, Florida, Iowa, Indiana, Kansas, Kentucky, Michigan, Missouri, Mississippi, Nebraska, New Hampshire, North Carolina, Oklahoma, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Wyoming.

Application process

The entire application process happens through the Possible App:

1. Download the Possible Finance app on iOS or Android
2. Enter your personal information
3. Link your bank account
4. Choose your loan amount (up to $500)
5. Submit your application for review

You’ll typically get an approval decision in minutes. If approved, Possible sends funds instantly to your linked debit card or bank account. If you’re denied, you can reapply every 72 hours.

Repayment

You repay your Possible Loan over eight weeks by making four biweekly payments. You can reschedule any of the payments up to 29 days with no late fees.

If you experience a hardship (like a medical emergency or natural disaster), you can request additional time through the Possible Relief Plan.

Alternatives to the Possible Loan

Possible Loan may be easier to qualify for than a traditional personal loan—but it can also cost a lot more. You might consider:

• A free cash advance app like EarnIn or Brigit
• A secured credit-builder loan through a credit union
• A buy-now, pay-later app if you’re financing a specific purchase

If you have decent credit, check out LendEDU’s list of personal loan companies for better rates and higher limits.

Possible Advance

Get Cash

Cash Advance

• No interest, tips, instant transfer fees, or late fees
• Instant cash access up to $300
• Average first advance is $85, which is higher than with other platforms

• $15 per month membership to access advances
• Advance is available only in Colorado, Maine, Massachusetts, Minnesota and West Virginia

Funding	Typically within minutes
Speed of advance	Up to $300 (first advances average $85)
Fees	$15/month

How does the Possible Advance work?

Possible Advance is a cash advance feature available through a $15 a month membership. It gives you instant access to up to $300 of your future paycheck with no interest, tips, or late fees.

It’s not a loan. Instead, it’s a non-recourse advance, meaning you’re not personally liable if you can’t repay, and it doesn’t show up on your credit report.

Once you link your bank account, the Possible App reviews your income and spending habits. If eligible, you’ll see how much you can advance. First-time users average around $85, but repeat users may unlock up to $300.

You can withdraw funds to your debit card or bank account instantly with no extra fee.

Fees and limits

Here’s what to know about how much a Possible Advance costs.

• $15/month flat fee.
• You can cancel anytime. Membership only begins after you’re approved and see your available amount.
• No interest, late fees, or tipping.
• First advance typically under $100; max is $300

Possible Advance might be more transparent than many cash advance apps, but it’s not cheaper, especially if you don’t use it every month.

Eligibility

To qualify, you’ll need:

• A checking account with consistent direct deposits
• A spending history that shows financial stability
• Residency in a state where Possible Advance is offered

There’s no credit check, and you won’t need to put down a security deposit.

Repayment

Similar to the Possible Loan, repayment is split into four installments. You can reschedule payments at any time for free through the app. There’s no credit impact for delays, and no late fees.

Note: Possible Finance is currently beta testing a single-payment advance in Maine. This advance is for up to $150, has no monthly fee, but is instead paid back all at once on payday.

Alternatives to Possible Advance

Possible Advance is fast, but it isn’t inexpensive. Consider top cash advance apps like EarnIn, Tilt, and Dave if you want options that are potentially more budget-friendly.

Pros and cons of Possible Finance

Pros

• No credit check for any product

• Instant funding via debit card or bank account

• Flat fees instead of interest

• Reports loan payments to credit bureaus (Possible Loan)

• Flexible repayment—reschedule payments up to 29 days with no penalty

• Access to Relief Plan during hardship (Possible Loan)

• Cancel membership for Possible Advance anytime

Cons

• Loan and advance amounts are relatively low

• Loan costs can be high depending on your state

• $15/month fee for Possible Advance, even if you don’t use it

• Not available in all states

• Not ideal for ongoing or frequent borrowing

• No in-person support; app-only experience

• Membership starts once you’re approved, not when you accept cash

Is Possible Finance legit? Customer reviews

Yes—Possible Finance is a legitimate company with over 1 million users and strong app store ratings. It’s a Public Benefit Corporation that aims to provide fair, transparent lending alternatives for people with limited credit access.

Here’s how users rate Possible across major platforms:

Source	Customer rating	Number of reviews
Trustpilot	4.5/5	2,054
Google Play	4.2/5	55.9K
Apple App Store	4.8/5	121.3K
Better Business Bureau	3.7/5	103

Possible gets high marks for simplicity and transparency from users who’ve struggled with payday loans or denied credit in the past. Some of the negative reviews mention technical difficulties and lower-than-expected approval amounts.

FAQ

Is Possible Finance a real loan company?

Yes. Possible Finance is a licensed lender in several states and partners with Coastal Community Bank to offer loans in others. It’s also a Public Benefit Corporation, which means it has a mission beyond profits (in this case, expanding access to affordable credit).

Are there other apps like Possible Finance?

Yes. If you’re looking for similar alternatives, some of our favorites are EarnIn, Chime, and MoneyLion. You can also check out our full list of personal finance companies for more options.

Is it hard to get a loan with Possible Finance?

Not usually. There’s no credit check, and approval is based on your income, spending patterns, and bank activity. If you have regular paycheck deposits and a stable account history, you have a solid chance of qualifying.

Does Possible Finance accept bad credit?

Yes. You don’t need any credit history to qualify. Possible doesn’t use your FICO score to make lending decisions, and loan repayment is reported to credit bureaus, which can help you build or rebuild your credit over time.

Final verdict: Is Possible Finance right for you?

If you’ve been shut out of traditional credit options, Possible Finance offers a more transparent alternative with no credit check, no hidden fees, and the potential to build your credit over time.

The Possible Loan may be a good fit if you:

• Need a small amount of cash fast
• Want to build credit with on-time payments
• Value simple repayments with no late fees

The Possible Advance might work if you:

• Need occasional early access to your paycheck
• Prefer a flat monthly fee over interest or tips
• Want a fast, app-based experience

That said, the fees can add up quickly, especially if you’re using these tools frequently. If you qualify for a lower-cost personal loan or a free cash advance app, those may save you more in the long run.

Still, for the right borrower, Possible Finance delivers on its mission: making short-term credit more accessible and less predatory without the traps that come with payday loans.

How we rated Possible Finance

We designed LendEDU’s editorial rating system to help readers find companies that offer the best personal loans. Our system awards higher ratings to companies with affordable solutions, positive customer reviews, and online transparency of benefits and terms.

We compared Possible Finance to several personal loan lenders, using hundreds of data points from company websites, public disclosures, customer reviews, and direct communication with company representatives. We weighted, scored, and combined each factor to produce a final editorial rating. This rating is expressed on a scale from 1 to 5, with 5 being the highest possible score. Our take is represented in our rating and best-for designation, recapped below.

Product	Rating
Possible Finance personal loan	3.5/5
Possible cash advance	Not rated