“Was approved in less than 5 min! It’s a credit builder, not a payday loan in my opinion. Can’t go wrong.” -Benjamin
Where to get the Possible App
The Possible app has over 13k reviews for a 4.8 out of 5 star rating in the iTunes App Store and over 3k reviews and a 4.3 out of 5 star rating in the Google Play Store. Download now and get up to $500* in minutes while building credit!
Types of payday loans and alternatives
- Installment loans allow a customer to borrow a specific sum of money that is determined at the time the loan is initiated. Payments are then made over a fixed schedule that was agreed upon at the time of the loan agreement. A benefit for some consumers is that many installment loans can be utilized without a hard credit check and can be approved after an assessment of the customer’s personal financial situation
- Car title loans are a type of secured loan where the borrower’s vehicle title is used as collateral for the loan. Car title loans are typically short term and carry a high rate of interest. Credit scores are generally not considered by the lender. If the borrower defaults on the loan, the lender can repossess the vehicle.
- Possible offers installment loans up to $500* to customers with little to no credit history. Loans are repaid in multiple installments over a couple of months, allowing borrowers to “catch their breath.” Possible also reports payments to Experian and TransUnion, allowing borrowers to build credit history.
- Personal loans are a form of installment loan that customers can borrow from their current bank or credit union. They usually require a minimum credit score. Lending rates for personal loans are usually cheaper than those on a credit card.