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#Does possible finance check your credit how to
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Not have a history of late or returned payments on another loan from Possible.

Have consistent payroll deposits over at least a two-month period.

Not have a low or negative bank balance or a high amount of returned checks or overdraft fees.

To be approved for a Possible Finance loan, you will need to do the following: However, you will need to meet some qualifying requirements. Because Possible Finance also reports to the major credit bureaus (Equifax, Experian, and TransUnion), taking out a loan with this lender can also help you build credit history if you pay on time.

#Does possible finance check your credit how to

Still, because you can get approved with poor credit and receive your money quickly, loans from Possible Finance can be a good option if you need fast cash and don't know how to get a loan elsewhere. Possible Finance also allows you to borrow only up to $500, which is a lower limit than many traditional personal loan lenders. That said, personal loans may not be available to someone with bad credit. Still, this is a shorter repayment period than those offered by many other lenders, with most personal loan lenders providing years rather than weeks to repay your debt. But because Possible Finance gives you an eight-week payment plan, you'll have as much as four times the flexibility in repaying your loan compared with traditional payday lenders. Most payday loans have to be repaid within 10 days to two weeks, and there can be serious financial consequences when you don’t pay back a payday loan. In this case, borrowers will make biweekly payments over an eight-week loan term. Possible Finance’s installment loans, which it also refers to as payday alternative loans, are short-term loans repaid on a fixed schedule over time. Payday alternative loans at Possible Finance If you choose to have your money delivered by ACH, it will take 1-2 business days for your funds to arrive. Potential borrowers will receive a decision on their application within minutes 1Īnd possibly receive funding within hours of loan approval if they add a Visa debit card to their account. You'll have three days to review the terms of service and accept your loan offer before it expires.

#Does possible finance check your credit license

Valid driver’s license or state-issued IDĪfter you apply, you'll receive a notification in Possible Finance's app indicating whether you've been approved and for what loan amount.

In addition, you'll need to have the following: Possible Finance will want to verify that you have income coming in, though, and you will need a mobile device that can run the Possible Finance app.

#Does possible finance check your credit download

You can easily download the app by going to the company's website, There is no hard credit check performed when you apply.

#Does possible finance check your credit android

Prospective borrowers can by using the company's Android or iOS app. They specialize in small loans for people who may struggle to qualify for other loan or credit products. Possible Finance offers only one type of loan: an installment loan. If you live elsewhere, you'll need to look to competitors for borrowing options. It's licensed only in Ohio, Idaho, Washington, Texas, Utah, Florida, and California. One downside is that Possible Finance can't offer loans in all states. The company generally receives positive reviews, and the speed with which it funds loans can be a big boon to those who need immediate access to cash. The lender targets Americans who have difficulty gaining access to traditional credit when they need to borrow, as well as people who want to improve their credit score but can't do so until a lender gives them a chance. The company's goal is to help Americans who have been taken advantage of by a system in which big banks charge billions in punitive fees and trap people in persistent debt cycles. The company’s founders worked for a decade to develop the technology that makes police body cameras work before eventually founding Possible Finance. Possible Finance has a positive mission around financial health and financial fairness.

Is headquartered in Seattle, Washington, and Tony Huang is the CEO and co-founder.

What Possible Finance customers are saying.

Payday alternative loans at Possible Finance.