Possible Finance is a mobile app that offers short-term installment loans up to $500 as well as cash advances on your next paycheck up to $300. The two- to eight-week repayment term makes it a more flexible alternative to payday loans, which can be due in as little as seven days. There’s no credit check when you apply, and Possible reports payments to two of the three major credit bureaus so there’s an opportunity to build a better credit score. It also has same-day funding available if you have a Visa debit card.
But it can cost from $15 to $20 per $100 borrowed, and in some cases, you may face rates up to 460% APR. Possible’s reach is also limited, as it’s only available in 21 states.
We’ve gathered seven alternative apps like Possible with similar features, such as same-day funding and small borrowing amounts. And since most cash advance apps don’t charge interest, these alternatives may be much more affordable than what Possible Finance offers.
- Possible Finance offers installment loans up to $500 with 2–8 week terms, no credit check, same-day funding to Visa debit cards, and it reports payments to two of the three credit bureaus.
- Costs can be steep: $15–$20 per $100 borrowed and, in some states, APRs can reach about 460%. Availability is limited to 21 states.
- Possible also offers a cash advance product of up to $300, although that max is only for members paying $15/month. Nonmembers are capped at $150.
- Most cash advance apps don’t charge interest or require fees, so other options are likely cheaper, and can give you a larger advance, than either of Possible’s loan or cash advance products.
6 top alternatives to Possible Finance
- For credit building: Cleo
- For hourly workers: Earnin
- For no monthly membership fees: Albert
- For for host of financial features: Brigit
- For all mobile banking needs: Cash App
- For nonresidents: B9
Alternative for credit building
Cleo
Cleo can save you money compared to Possible Finance, with no interest charged on its cash advances. Members can request a cash advance through customer support for free, starting with $20 to $70 advances at first and eventually qualifying for up to $250. Advances are easier to request through the app if you pay the $5.99 monthly subscription fee, which also comes with personal financial management tools.
If you’re willing to pay $14.99 per month, you can access credit builder tools, which include a secured credit card, early access to your paycheck and up to $500 in emergency cash advance if you set up direct deposits. And Cleo reports to all three credit bureaus, which can help you build credit if you keep up on your payments.
| Loan Amount | $20 – $250 |
|---|---|
| Turnaround time | 3 to 4 days or instant for a fee. |
| Costs | $5.99 monthly membership fee to access cash advances |
| Loan Amount | $20 – $250 |
|---|---|
| Turnaround time | 3 to 4 days or instant for a fee. |
| Costs | $5.99 monthly membership fee to access cash advances |
Read review
Alternative for hourly workers
EarnIn
Earnin is best suited for hourly workers who want to access their pay before payday. It’s a fee-free app that lets you access up to $750 per pay period — with optional tips of $0 to $14. So unlike Possible Finance that charges a fee for each advance, you won’t have to pay anything to access the money you’ve already earned unless you request an (optional) instant transfer of funds.
But you’ll need to upload your timesheet and allow Earnin to track your location so it can confirm when you’re at work. Your advance is also limited to a percentage of what you’ve already earned, so the full $750 limit may not be available to you based on your take-home pay.
| Loan Amount | Up to $750 |
|---|---|
| Turnaround time | 1 to 2 business days or within 30 minutes for a fee |
| Costs | Free to use or within minutes with a fee as low as $2.99 per transfer |
- Not available in: Connecticut
| Loan Amount | Up to $750 |
|---|---|
| Turnaround time | 1 to 2 business days or within 30 minutes for a fee |
| Costs | Free to use or within minutes with a fee as low as $2.99 per transfer |
Read review
Alternative for no membership fees
Albert
Albert doesn’t offer cash advances, but it does provide up to $1,000 in overdraft protection. While that amount is lower than Possible Finance’s maximum loan amount, Albert doesn’t charge interest or late fees — so it may be a much more affordable option than Possible, as its APRs can reach 460% in some cases.
So if you find that your account sometimes comes up a little short, Albert’s instant overdraft protection covers that shortfall up to your approved limit. However, you’ll need to subscribe to the Genius membership, which costs Optional $14.99 monthly subscription to access budgeting and basic savings a month, to access overdraft protection and other services. But when you sign up for the app, it automatically enrolls you in a Genius free trial, so you can test out all of its features before committing to the monthly charge.
| Loan Amount | $25 – $1,000 |
|---|---|
| Turnaround time | Instant |
| Costs | Optional $14.99 monthly subscription to access budgeting and basic savings |
| Loan Amount | $25 – $1,000 |
|---|---|
| Turnaround time | Instant |
| Costs | Optional $14.99 monthly subscription to access budgeting and basic savings |
Read review
Alternative for host of financial features
Brigit
Brigit comes with multiple financial features, such as cash advances, overdraft protection, identity theft protection and more. Its cash advances are through its Instant Cash feature, allowing you to borrow up to $250 per pay period with no credit check, interest charges, late fees or tipping requirement. This makes it a solid alternative to Possible Finance, which charges high financing fees.
Brigit also has flexible repayment options, including the ability to extend your due date up to three times. And unlike other apps, its instant transfers are free with a qualifying linked debit card. However, Brigit isn’t free. To get cash advances, you’ll have to pay between $8.99 to $14.99 monthly membership fee per month. Additionally, customer support is limited and Brigit’s customer reviews are largely negative, often related to the high cost, poor customer care support and issues around canceling the membership.
| Loan Amount | $50 – $250 |
|---|---|
| Turnaround time | 1 to 3 business days or instant with a Premium subscription or for a fee. |
| Costs | Brigit Plus: $8.99/month; Brigit Premium: $14.99/month |
| Loan Amount | $50 – $250 |
|---|---|
| Turnaround time | 1 to 3 business days or instant with a Premium subscription or for a fee. |
| Costs | Brigit Plus: $8.99/month; Brigit Premium: $14.99/month |
Read review
Alternative for all mobile banking needs: Cash App
Cash App
You’ve likely heard of Cash App, as it’s one of the most popular banking apps to date. With its popular peer-to-peer (P2P) payment system, stock and crypto investing options, a free Visa debit card that’s linked to your Cash App balance and much more, it’s got a feature for just about anyone. There’s also no membership fee to use the app, and the P2P payments allow you to send or receive money to other users at no charge.
One of Cash App’s newest features is called Borrow, offering small loans from $20 to $200 for qualified members. It charges a 5% monthly fee and if you’re late, Cash App tacks on a 1.25% finance charge, but it’s still less expensive than Possible. Borrow hasn’t been rolled out everywhere yet, and only the most active users in eligible states are likely to have access. It’s also worth mentioning that Cash App has poor customer reviews, mostly related to users sending money to incorrect users and difficulty getting refunds.
| Loan Amount | $20 – $200 |
|---|---|
| Turnaround time | Same day |
| Costs | 5% flat fee |
| Loan Amount | $20 – $200 |
|---|---|
| Turnaround time | Same day |
| Costs | 5% flat fee |
Read review
Alternative for nonresidents
B9 pay advance app
B9 is another banking app that offers cash advances up to $500 per pay period — the same amount you can borrow with Possible Finance. And to sign up with B9, you can either use a Social Security Number or ITIN, and it offers customer service in English and Spanish. Like many other cash advance apps, you need to open a B9 checking account and set up direct deposit, and how much you can advance depends on your payment history, income and account status.
However, B9 has a membership fee — either $11.99 or $19.99 per month. The $9.99 basic plan offers advances up to $100. The $19.99 B9 Premium plan offers advances up to $500 per pay period.
| Loan Amount | $30 – $500 |
|---|---|
| Turnaround time | Instant |
| Loan Amount | $30 – $500 |
|---|---|
| Turnaround time | Instant |
Read review
How does Possible Finance compare?
Possible Finance’s short-term installment loans may be a better alternative to a payday loan, but compared side-by-side with cash advance apps, it’s probably the most expensive option. Costs vary by state, likely costing anywhere from $15 to $20 per $100 borrowed or around 90% to 122% APR. But depending on where you live, you could face a 460% APR, which is comparable to a payday loan.
But Possible Finance does have its benefits. Unlike payday loans and cash advance apps, it reports to two of the three credit bureaus. So if you make your payments on time, you could see an increase in your credit score — a perk you won’t get with some cash advance apps.
Possible also has repayment terms from two to eight weeks, whereas most cash advances require repayment by your next paycheck. It also offers up to the maximum amount right away, whereas cash advance apps typically start users out at lower limits.
For more in-depth information about Possible, see our full Possible Finance review.
Pros
- Maximum amount may be immediately available
- Funding as soon as one business day
- Reports payments to two credit bureaus
- No credit check
- History of good customer service
Cons
- Not available in all states
- APRs can be high
- Costs vary by state
