Possible Finance now has an offer of a $5 bonus gift card for each person that you’ve referred towards this installment loan service.
Are you in need of a loan but have bad or no credit? Then you should consider Possible Finance if you don’t have other options available to you. However, keep in mind that this will cost you quite a bit for a loan.
Read below for more information on Possible Finance and their recent promotions.
$5 Referral Gift Card Bonuses
Receive a $5 gift card bonus for each person that gets the Possible Finance app with your personal referral code and take a Personal Finance loan out.
To be eligible you must:
- Get the Possible Finance app. You don’t have to reside in a Possible Finance served state to be able to partake.
- Go to the app and click on Menu to share your referral link.
- Referrals have to accept their first loan with Possible Finance, and have their own loan for about 24 hours before you receive your gift card.
There won’t be a limitation to the amount of people you’re able to refer or the referral bonuses you can gain.
About Possible Finance
With Possible Finance, they will have small installment loans for no more than $500 for people with no credit. This is a decent substitute to the traditional payday loans. Those you would have to repay from your next paycheck and is normally more expensive. Their installment loans will last you longer terms rather than your traditional one.
All Possible Finance loan payments will be reported to all three major credit bureaus: Equifax, Experian, and TransUnion. Payday loans however, will not be reported to these credit bureaus.
More About Possible Finance
To be able to get a Possible Finance loan, you have to:
- Have a valid drivers license and Social Security Number.
- Reside in a state that Possible Finance works in: Florida, Idaho, Ohio, Texas, Utah, and Washington.
- Then link a checking account with at least 3 months of history attached to it.
- Get monthly income deposits with a minimum of $750.
If you have any left over money after you’ve paid for your bill, positive cash flow will help too.
Applying for a Possible Finance loan is fast and simple, you’ll be able to finish it in about a minute. This company states that about 50% of their applicants are eligible. Most of the approved people will get their funds almost immediately in their debit card. For people that want a bank transfer funding instead, will get a loan in their account in about 1-2 business days.
Remember, you must repay Possible Finance every 2 weeks for about 8 weeks. You’ll be able to defer your payments for no more than 29 days past the original due date with no extra charges, interest charges, or influence on your credit score.
If you want to stay above your loans, the app will send you text messages or notifications before the payments are due.
You might be charged a flat fee or monthly fee and interest depending on where you live:
| State | Fee | APR |
| Idaho Utah Washington |
Flat origination fee: $15-$20 for every $100 borrowed |
151% to 200% |
| Ohio | Monthly fee + interest | 215% |
| Texas | Monthly fee + interest | 230% |
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Conclusion
All in all, this is a good alternative if you have no other choices of getting a loan. Possible Finance will help you out or expensive fees, but if you have a bad credit score and need a loan, this is a good solution. However, if you don’t reside in the following states that Possible Finance serves in, then you should consider another loan service that’ll benefit you more.
