Possible: Fast Cash & Credit

Finance

Rating: 4.4
Version: 2.3.5
Android Version: 7.1
Category: Finance
Developer: Possible Finance - A Public Benefit Corporation
Released: Jan 25, 2018

If you’ve ever found yourself in a pinch needing some quick cash, Possible: Fast Cash & Credit might just be the lifesaver you’re looking for. This app promises to offer fast cash advances and credit building opportunities without the hassle of traditional loans. Let’s dive in and see if it lives up to its promises!

Getting Started with Possible

First things first, downloading and setting up Possible: Fast Cash & Credit is a breeze. Available on both Android and iOS, I was pleasantly surprised at how user-friendly the interface is. The app guides you through the entire process, so even if you’re not tech-savvy, you’ll find it easy to navigate.

Once you’ve signed up, the app conducts a quick eligibility check. No need to worry about your credit score here—they focus more on your income and banking activity. This means you can get access to funds even if your credit history isn’t perfect.

How It Works

So, how exactly does it work? The process is quite straightforward. After you’re approved, you can request a cash advance directly through the app. The funds are then deposited into your bank account, usually within a day. Talk about fast!

Repayment is equally simple. The app sets up a repayment schedule based on your paydays, making it easier to manage. Plus, you can pay back early without any penalties. This flexibility is a huge plus for anyone juggling multiple financial responsibilities.

Building Credit with Possible

One of the unique features of this app is its focus on credit building. Unlike traditional payday loans that can negatively affect your credit score, Possible reports your payment activity to major credit bureaus. This means if you’re consistent with your payments, you could see a positive impact on your credit score over time.

And let’s be honest, having a decent credit score opens up a lot of doors. Whether it’s renting an apartment or getting a car loan, building your credit is a smart move for the future.

My Experience

Personally, I found the app to be a reliable solution during a financial hiccup. The transparency of the terms and the no-hidden-fee policy were reassuring. Plus, the customer support team was super responsive, which is always a big plus in my book.

However, it’s essential to remember that while this app can provide quick cash, it’s not a substitute for proper financial planning. The interest rates are higher than traditional loans, so it’s best used for emergencies rather than regular expenses.

Overall, Possible: Fast Cash & Credit delivers on its promise of fast cash and credit building. If you’re in a bind and need a quick financial fix, it’s definitely worth considering. Just remember to use it wisely!

Pros

User-friendly interface with intuitive navigation.
Quick approval process for cash requests.
Secure data encryption for user information.
Variety of loan options tailored to needs.
24/7 customer support available for assistance.

Cons

Interest rates can be higher than competitors.
Requires a stable internet connection.
Limited availability in some regions.
Occasional app crashes reported by users.
Lack of detailed loan history tracking.

Possible: Fast Cash & Credit

Finance

Download Download

Frequently Asked Questions

What is Possible: Fast Cash & Credit, and how does it work?

Possible: Fast Cash & Credit is a mobile app designed to provide users with quick access to small loans and help build credit. It offers short-term loans without requiring a high credit score, making it accessible to more people. Users can apply directly through the app, receive funds quickly, and repay over time while potentially improving their credit score.

Is Possible: Fast Cash & Credit safe to use?

Yes, Possible: Fast Cash & Credit is safe to use. The app employs encryption to protect user data and financial information. Additionally, it complies with state and federal regulations to ensure users' rights are protected. However, users should always practice caution by using secure passwords and monitoring their accounts regularly.

What are the eligibility requirements for getting a loan with Possible?

To be eligible for a loan with Possible, users must be at least 18 years old, have a valid bank account, and provide proof of consistent income. A regular paycheck is necessary since it determines the repayment schedule. Unlike traditional lenders, Possible does not require a high credit score, making it more accessible to users with varying credit histories.

How does Possible: Fast Cash & Credit impact my credit score?

Possible reports loan repayments to major credit bureaus, which can positively impact your credit score if payments are made on time. Consistent, timely repayments demonstrate financial responsibility and can help improve your credit over time. However, late payments or defaults may negatively affect your credit score, so it's crucial to manage repayments carefully.

What fees and interest rates are associated with Possible's loans?

Possible charges fees and interest rates that vary depending on the loan amount and repayment terms. These fees are clearly outlined in the app before you accept the loan, ensuring transparency. While the rates may be higher than traditional loans due to the convenience and speed offered, they're competitive within the short-term lending market.