Possible Finance
Possible Finance offers the Possible Card with no interest or late fees and provides loans up to $500, even for customers with bad credit. The company operates with no penalty fees and allows installment payments to help build credit history.
Services
Possible Finance offers financial products to help individuals manage their finances, even those with bad credit. Their core services include issuance of the Possible Card and provision of personal loans up to $500. The company operates without charging its customers interest, late fees, or penalty fees on both their card and loans. Instead, they charge a monthly fee for the Possible Card and provide flexible installment payment options to help minimize debt and build credit history.
Possible Card Details
The Possible Card is a significant product from Possible Finance, known for its user-friendly terms. It features no interest and no late fees, though there is a monthly service fee of either $8 or $16. The card is aimed at providing financial flexibility and convenience, allowing users to manage their finances without the burden of accruing interest or late payment penalties. The Possible Card is issued by Coastal Community Bank under a license with Mastercard International Incorporated. This card aligns with Possible Finance's commitment to help customers build credit and manage debt responsibly.
Loan Offerings
Possible Finance provides loans up to $500, making them accessible even to customers with poor credit. Their unique model eliminates late fees and penalty fees, focusing instead on installment payments to make debt more manageable. This service aims at helping customers gradually build their credit history while still receiving necessary financial assistance. Loans are subject to eligibility and approval, and not all applicants may be approved. In several states, loans are made by Coastal Community Bank and serviced by Possible Finance.
Geographical Presence
Possible Finance holds direct lending licenses in multiple states, including California, Florida, Idaho, Louisiana, Ohio, Utah, and Washington. This regulatory compliance allows them to offer their products and services across these regions, ensuring they meet local requirements for lending practices. Additionally, in certain states, their loans are made in partnership with Coastal Community Bank to further extend their service reach.
Customer Reviews
Possible Finance has garnered substantial positive feedback from its users, evidenced by over 100,000 5-star reviews. These reviews reflect customer satisfaction with their no-interest, no late fee terms on the Possible Card, as well as the flexible installment loan options. This positive reception underscores the company's commitment to providing accessible and user-friendly financial solutions.