The amount of money that you can borrow from possible also known as possible finance is up to $500.00 although you might only be approved for a $200.00 or so as it can vary, but the max you can borrow from Possible Finance is $500.00
Possible Finance is a short term installment loan and offers loans up to $500.00.
The loans through Possible Finance are short term installment loans that are offered as a payday alternative loan, which focuses mainly on bank activity and not credit scores for approval.
Possible Finance lets you pay back the installment loans in manageable installment payments over weeks, which help build credit, but they also come with high APRs and fees.
Possible Finance is a tech company that provides access to cash with flexible payment options, along with a 29 day grace period and reporting to credit bureaus, but users also must be aware o the high costs of the loan despite being positioned as better than the traditional payday loans.
Possible loan company is also known as Possible Finance and they offer short term installment loans and credit cards to people at meet their requirements.
Possible Finance is a BBB accredited business that also has a physical address and pretty positive reviews for their speed and accessibility.
However Possible Finance loan company does come at high costs.
Although Possible Finance loan company markets themselves as an alternative to payday loans, their APRs can be very high, and can range from around 54% to over 240% in some cases, depending on the state.
This makes Possible Finance loans more expensive loans than traditional personal loans for borrowers that have good credit.
Possible Finance loans are primarily designed for borrowers that have bad or no credit history who have limited other options.
Many users also report having difficulty in reaching the live customer support of Possible Finance, and often have to rely solely on email and in app messaging, which can also be a big drawback if any issues arise.
And loans through Possible Finance are only available in a limited number of states.
To determine if a loan company is legitimate check if the lender is registered to operate in your state, and look for a physical address and a secure website with https: and be aware of any upfront fees as scammers will often demand payment through a prepaid credit card or wire transfer before they will disburse the loan.
A legitimate lender will be interested in your ability to repay the loan and your credit history and a scammer will not care about your payment history or credit.