Many people need quick cash for emergencies. That's where companies like Possible Finance come in. This article looks at what possible finance is all about. We will cover the possible finance app, check if is possible finance legit, share some possible finance reviews, and even give the possible finance phone number. All in simple words to make it easy to understand.
What is Possible Finance?
Possible finance is a company that helps people get small loans fast. It started in 2017 and aims to be better than payday loans. Payday loans often have high fees and trap people in debt. But possible finance offers loans up to $500 with no late fees. You can pay back over time, like in installments. This helps avoid the debt cycle. They don't check your credit score the usual way. Instead, they look at your bank account and income to decide if you qualify.
The main goal of possible finance is to build your credit history while giving you money when you need it. If you pay on time, they report it to credit bureaus. This can improve your credit score over time. They work in many states, like 28 across the US. It's all done through their app, making it simple for anyone with a smartphone.
The Possible Finance App
The possible finance app is the heart of their service. You can download it from the App Store for iPhones or Google Play for Android phones. It's called "Possible: Fast Cash & Credit." With this app, you apply for a loan in minutes. No long forms or waiting in lines at a bank.
First, sign up with your details. Link your bank account. The app checks your transactions to see if you can afford the loan. If approved, money hits your account quickly, often the same day. You can borrow even if you have bad credit or no credit at all. Payments are flexible. You set up auto-payments, but if you miss one, there's no late fee. Instead, they offer a 29-day grace period.
Users like the app because it's easy to use. You can track your loan, make payments, and even extend due dates if needed. There's also a credit-building feature. But watch out for the interest rates – they can be high, like 150% to 200% APR. That's why it's best for short-term needs only.
Is Possible Finance Legit?
Many ask, "is possible finance legit?" Yes, it seems so. Possible finance is a real company based in Seattle, Washington. They are licensed to lend in the states they operate. The Better Business Bureau (BBB) gives them an A+ rating and they are accredited. That's a good sign of trust.
They have clear terms on their website. No hidden fees for late payments, which is rare in this industry. Founders started it to help people escape debt, not fall into it. But some people on Reddit call it a scam if they have trouble getting approved or face issues with payments. These might be isolated cases. Overall, reviews from sites like Trustpilot and WalletHub show it's legit, with many happy users.
To check for yourself, look at their app ratings. On Google Play, it's 4.5 stars from thousands of reviews. On Apple, similar high scores. They also have a support team to help with problems. Just remember, high-interest loans aren't for everyone. Use them wisely.
Possible Finance Reviews
Let's dive into possible finance reviews. People share mixed thoughts online. On the positive side, many love how fast it is. One user said, "This company saved my life a few times! Fast and efficient." Others praise it for building credit. "It helped my score go up," says a review on Credit Karma.
WalletHub has 99 reviews with an average of 4.2 stars. Users say it's easy to get approved even with low credit. Trustpilot shows quick funding and good customer service. Bankrate notes the grace period as a big plus compared to payday loans.
But not all possible finance reviews are great. Some complain about high fees. "The interest is too much," one said. On BBB, there are complaints about payment issues or hard-to-reach support. A Reddit post called it a scam after approval troubles. Credit Karma averages 3.4/5, with some mentioning unexpected charges. Overall, if you need quick cash and can pay back fast, it might work. But read more reviews before deciding.
Possible Finance Phone Number and Support
Need to contact them? The possible finance phone number is 844-849-7207. You can call for questions about loans or payments. But they prefer you use the app or website for support. Log in and submit a request – it's secure and fast.
Their website has a help center with FAQs on credit, late payments, and more. If you face hardship, they offer a relief plan to defer payments. Email them at help@possiblefinance.com if needed.
Possible finance can be a helpful tool for quick money without the traps of payday loans. The possible finance app makes it simple, and building credit is a bonus. But check if is possible finance legit for your state, read possible finance reviews, and use the possible finance phone number if you have questions. Always borrow what you can repay to avoid high costs. With smart use, it might just be the possible solution you need.
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