![]() ![]() ![]() You will see a list of your loans/cards with links to agreements.By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept our Tap on Loan history & documents towards the end of the listĤ. Tap on the Menu button in the top left corner (the waffle icon)ģ. Have you ever wanted to see your loan agreement AFTER you’ve taken out a loan? Well, in the Possible app, you can! Follow the instructions below to view your loan agreements on current and past loans.Ģ. When you upgrade to a 4-payment installment loan, your on-time payments will be reported to TransUnion and Experian in an effort to help boost your credit score! How Do I Access My Loan Documents? We cannot make changes to the payment or convert your loan, once payment has been initiated. Payments initiate 1 business day prior to the payment due date. If you need assistance converting to an installment loan, please reach out using the Contact Us form as soon as possible. * Please be aware: Your loan cannot be converted to an installment loan if your single payment is due within 1 business day, or if it has already begun processing.Īdditionally, your loan cannot be converted to an installment loan if a single payment was attempted and returned. If you run into any issues converting your loan, just send us a request through the Contact Us form in the app! For security purposes, you will be required to verify the last 4 digits of your SSN and Date of Birth when contacting customer support for assistance. You'll then see the option to "Accept Installment Plan". To do this, you'll just go to your Dashboard and click "I Need More Time". If you didn't choose to convert to the Installment plan when you initially accepted your loan, you can still convert it after the fact. The installment plan is designed to split your amount owed into 4 separate payments, to be repaid over the course of 8 weeks.īefore you accept your loan, you will be provided with the option to either accept or decline the 4 payment installment plan. Then, you will be immediately presented with the ability to upgrade to an installment plan. When you apply for a loan in California, you will first accept a single-payment loan. Possible’s loan product slightly differs in California due to state lending regulations. Our goal is to help improve your financial health. Once approved, we will report to TransUnion and Experian with the goal of helping increase your credit score. For more information about other factors we review during the application process, please see this help center article. You can learn more about Clarity in this article on credit reporting agencies. We use a variety of factors when determining your eligibility, such as your bank account balance, regular income deposits, a Clarity check, and more to help guide our decision. You can move your dates around in the app while you are still within that grace period.Ĭredit scores are not used to determine your eligibility. We offer a 29-day grace period for added flexibility. If you need to adjust your payment dates, you can use the Update payment dates feature in the app after your loan is accepted. Your fees are divided equally among 4 payments and you are given approximately 8 weeks to repay. Please download the app and use the blue slider tool for more specific information regarding fees. In Florida, Indiana, Iowa, Louisiana, Michigan, Ohio, Oklahoma, and Texas the borrowing fee is not a flat rate.In Delaware and Missouri, a Possible loan costs $25 for every $100 borrowed.In Idaho, Mississippi, and Utah, a Possible loan costs $20 for every $100 borrowed.In California, a Possible loan costs $17.65 for every $100 borrowed.In Alabama, Kansas, Kentucky, South Carolina, Tennessee, and Washington state, a Possible loan costs $15 for every $100 borrowed.In Rhode Island, a Possible loan costs $10 for every $100 borrowed.We strive to keep our fees as affordable as possible for our customers! Our borrowing fee varies by state and is subject to change over time. ![]()
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