Possible Finance Review 2025: App-Based Loans and Advances for Poor or No Credit

3.4 _/5

Possible Personal Loan

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• Borrow up to $500
• No FICO credit check, unlike other personal loans
• Each on-time payment helps rebuild your credit history
• 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

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• 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

What is Possible Finance?

Possible Finance is a mobile lending company that helps people with little or no credit history borrow small amounts of money quickly and easily—without a credit check. Everything happens inside the app, so there’s no desktop or in-person application.

The company’s mission is to make short-term borrowing more transparent and accessible for those who might not qualify for traditional loans. It offers quick access to cash while helping users build credit over time.

How the Possible app works

The Possible app (available for iOS and Android) lets users connect a checking account, verify income, and get an approval decision in minutes. It offers two main ways to borrow:

• Possible Loan: A short-term installment loan of up to $500 that reports on-time payments to the credit bureaus, helping you build credit.
• Possible Advance: A subscription-based cash advance that provides instant access to up to $300 for a $15 monthly fee, with no interest, tips, or late fees.

Borrowers can reschedule payments, check balances, and manage their accounts directly in the app. Possible calls this its “Fast Cash and Credit” model—a simpler alternative to payday loans that offers quick access to cash while helping users build credit over time.

Is Possible Finance legit?

Yes—Possible Finance is a legitimate lender with more than 1 million users across the U.S. It’s licensed to lend in several states and partners with Coastal Community Bank to offer loans in others. The company operates as a Public Benefit Corporation, which means its mission extends beyond profit to expanding access to fair and transparent credit.

Possible earns consistently strong app store ratings, reflecting customer appreciation for its simplicity and upfront pricing:

Users frequently praise the app’s ease of use and transparency, especially compared to payday loans or other high-cost credit options.

Negative reviews tend to mention technical issues, delays, or smaller-than-expected approval amounts—but overall, Possible Finance is considered a trustworthy and regulated provider in the short-term lending space.

What states does Possible Finance work in?

Possible Loan

3.4 _/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 history
• 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

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:

Eligibility requirements

It’s generally easy to qualify for a Possible Loan, even if you have bad or no credit. Possible doesn’t use your FICO score when reviewing applications—instead, it looks at your income, spending patterns, and bank activity to determine eligibility.

To qualify, you’ll need to:

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

If you receive regular direct deposits and maintain a stable account history, you have a strong chance of being approved. On-time payments are also reported to the credit bureaus, giving you an opportunity to build or rebuild your credit over time.

Application process

Here’s what the application process typically looks like:

1. Download the Possible Finance app. You can also apply online using its web application.
2. Enter your personal information
3. Link your bank account
4. Choose your loan amount (up to $500)
5. Submit your application for review

How long does Possible Finance take to approve?

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.

Best for Fair Credit

4.6

View Rates

View Rates

Fixed APR

7.99% – 35.99

Funding

$1K – $50K

Term (Yrs.)

2 – 7

Min. Credit Score

580

4.6

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Best for Thin Credit

4.8

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View Rates

Fixed APR

7.80% – 35.99%

Funding

$1K – $50K

Term (Yrs.)

3 – 5

Min. Credit Score

None

4.8

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Best Peer-to-Peer Lender

4.6

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View Rates

Fixed APR

8.99% – 35.99%

Funding

$2K – $50K

Term (Yrs.)

2 – 5

Min. Credit Score

560

4.6

View Rates

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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.

How is the Possible cash advance different from a payday loan?

The Possible Advance offers fast access to cash without the debt traps of a payday loan. Instead of charging interest or requiring full repayment on your next payday, Possible charges a flat $15 monthly membership fee and lets you repay the advance in four smaller installments. There are no late fees, credit checks, or penalties for rescheduling payments, and the advance doesn’t appear on your credit report.

In short, it’s a more flexible, transparent alternative to payday loans—designed to help you cover short-term needs without getting stuck in a cycle of debt.

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.

Best for Early Paycheck Access Without Fees

4.9

Get Cash

Get Cash

Max. advance

$1,000

Instant fee

$3.99 – $5.99

Delivery speed

1–3 days standard, instant

4.9

Get Cash

Per pay period; individual advances capped at $100-$150 depending on state of residence.

Best for Overdraft Protection and Budget Coaching

4.7

Get Cash

Get Cash

Max. advance

$300

Instant fee

Included in $8/month fee

Delivery speed

Instant

4.7

Get Cash

Best for Small Advances and Side Hustle Matching

4.7

Get Cash

Get Cash

Max. advance

$500

Instant fee

1.5% of amount for external card; $0 to Dave account

Delivery speed

1–3 days (standard), instant

4.7

Get Cash

Pros and cons of Possible Finance

Coming soon: The Possible Card

Possible is testing a new product called the Possible Card, a zero-interest credit card that’s currently available by invitation only to select Possible Loan customers.

Unlike traditional credit cards, the Possible Card replaces interest and fees with flat monthly pricing—$8 per month for a $400 credit limit or $16 per month for an $800 limit. There are no late fees, no compounding interest, and payments are reported to credit bureaus to help build credit.

Approved users can access a virtual card instantly once they enroll in AutoPay. While the card isn’t widely available yet, it signals that Possible is expanding beyond short-term loans and advances to offer more flexible, credit-building tools for its users.

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.