Possible Finance is an online installment loan lender that offers loans up to $500, which you can pay back in up to eight weeks which is longer than most payday loans or cash advance apps.And, unlike most short-term lenders, Possible Finance reports your payments to two of the three credit bureaus, Experian and TransUnion, which can help boost your credit score.
But APRs run high, reaching up to 460% — making Possible Finance more expensive than using a cash advance app, though less expensive than Check Into Cash (depending on the state). And some users report drops in their credit scores when taking out more than one loan a year. But using Possible Finance for a one-time, emergency loan could help boost your credit score as you make timely repayments on your loan.
