Brand illustration for Possible Loan. The illustration features a dollar symbol surrounded by a circle with arrows pointing to the right and left.
Brand illustration for Possible Loan. The illustration features a dollar symbol surrounded by a circle with arrows pointing to the right and left.

Loan

Get up to $500 instantly and repay over time.

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Brand illustration for Possible Advance. Three squares are stacked with a dollar symbol in the top square. Two arrows facing right are in the bottom left corner.
Brand illustration for Possible Advance. Three squares are stacked with a dollar symbol in the top square. Two arrows facing right are in the bottom left corner.

Advance

Make payday come early with up to $300 right now.

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Brand illustration for Possible Loan. The illustration features a dollar symbol surrounded by a circle with arrows pointing to the right and left.
Brand illustration for Possible Loan. The illustration features a dollar symbol surrounded by a circle with arrows pointing to the right and left.

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Build credit history with everyday bill payments.

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How our platform makes lending smarter, safer and more personalized.

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Press play on financial advice, meet our customers & more.

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New app features, credit industry secrets & more.

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Helping our customers unlock economic mobility.

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If you need more time to pay, the Relief Plan can help.

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Extra Credit

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Avoid Credit Card Interest Using the Grace Period

Avoid Credit Card Interest Using the Grace Period

You can avoid credit card interest entirely by staying in your credit card’s grace period paying your statement balance in full before the due date each month. While paying only the minimum keeps your account in good standing, paying your full balance means you borrowed and kept your purchases interest free.

Transcript

[ELLEN] "That's interest-free money for you." [JAMES: Possible customer] "I've been in credit card debt before, but now… I'm avoiding it by limiting my usage on credit cards. I don't allow myself to use any more than 25 to 30% of my limit and only really for purchases that I have the money for as well. So that way I can pay right off. So that's my new thing." [ELLEN] "A lot of people will tell you, pay your credit card in full every month. That is absolutely the best. But if you can't do that, paying more than the minimum and paying as much as you can afford every month can also create a really good path out of debt." [ELLEN] "If you pay the minimum balance on your credit card every month, it's going to keep your account in good standing, which is a plus for your credit score, but it's going to be very expensive." [ELLEN] "There’s another concept with credit cards called a grace period… If you pay your credit card in full every month, you will typically not pay any interest… even though it may take a month between when you made the purchase and when you pay back that credit card." [ELLEN] "That’s interest-free money for you—as long as you pay that balance in full every month. Credit cards give you this grace period of time between when you make a purchase and when it starts accruing." [ELLEN] "That doesn't actually mean there's zero balance on your credit card because you may have made purchases after your statement." [ELLEN] "If you pay that statement balance before the due date, then you've paid off your credit card."

More in this series

Credit Invisibility: What It Means and How to Fix It

No credit score? You’re not alone. Ellen explains what it means to be “credit invisible” and how to start building credit—even without a loan.

1:41

What Impacts Your Credit Score?

Your credit score can feel like a mystery—because in many ways, it is. In this quick breakdown, Legal & Finance Expert, Daynor, shares what really goes into your score, what improves it, what drags it down, and how to actually check it. Whether you’re just starting or trying to bounce back, this is info worth knowing.

1:31

Does Taking Out a Loan Improve Your Credit?

Will taking out a loan help your credit? It might—but not always in the way you think. In this episode of Credit Diaries, Ellen Falbo, our Chief Credit Officer, breaks down what actually improves your credit—and why taking on debt you don’t need could end up costing more than it’s worth.

1:09

How Credit Card Interest Works

How much does that $500 TV really cost? In this Extra Credit video, Chief Credit Officer Ellen Falbo walks through three common ways people pay off credit cards—and how interest can quietly double the price of everyday purchases.

1:07

Do You Need to Carry a Balance to Build Credit?

You don’t need to carry a balance to build credit. In this quick myth-busting episode, Ellen Falbo, Chief Credit Officer at Possible, explains how credit utilization really works—and how to boost your score without paying interest.

1:06

Fix Credit Report Errors and Dispute Inaccuracies

Learn how to fix credit report errors and dispute inaccurate information under the Fair Credit Reporting Act. Legal & Finance expert, Daynor, explains your rights and where to start.

0:46

A New Way To Think About Your Credit Score

Is your credit score 640 or 639? It might not matter as much as you think. In this episode of Credit Diaries , Ellen Falbo, our Chief Credit Officer, breaks down credit myths, scoring models and what actually counts for Sue, a Possible member since 2022.

1:00

All products are subject to eligibility and approval by Possible Financial Inc. dba “Possible Finance” and “Possible” or its banking partner Coastal Community Bank. Eligibility for a product is not guaranteed.

For Loans, Possible Finance has direct lending licenses in AK, HI, ID, UT and WA. Idaho Residents: License #RRL-10073.

Loans in AL, AR, AZ, CA, DE, FL, IA, IN, KS, KY, LA, MI, MO, MS, MT, NC, NE, NH, NV, OH, OK, OR, RI, SC, TN, TX, VA, VT, and WY are made by Coastal Community Bank, and serviced by Possible Finance. Texas Residents: Possible Finance is a licensed Credit Access Business; License #1800061850-160823. California Residents: Possible Finance is licensed by the Department of Financial Protection and Innovation, pursuant to the California Deferred Deposit Transaction Law, License #10DBO-105848; Louisiana Residents: License #1697898; Ohio Residents: License #ST.760161.000; Washington License #530-CC/SL-111888.

*Funding typically occurs within seconds; ACH transfers take 1-2 business days. Instant Delivery fee may apply in select states.

^Loan amounts & structure vary by state. Max amount not typical.

°Savings since 2017 includes fees Possible doesn't charge (e.g., NSF, rollover) plus reduced costs from customers borrowing less frequently than typical payday loan users, assuming customers would otherwise have faced industry-average fees and borrowing rates. Sources: internal data; state regulatory data; CFPB (Pub. No. 2023-9); Pew ("Payday Lending in America," 2013); CRL ("Down the Drain," 2025). Individual results may vary.

¨See possiblefinance.com/samplepaymentschedules for rates & terms examples.

ˇReal customer compensated or incentivized. Results vary.

˘Possible Loans offer up to 29 days of payment flexibility from original due date.

All trademarks and brand names are property of their respective owners. Use of them does not imply any affiliation with or endorsement by them.

If you have questions or concerns, please contact the Support Team at support.possiblefinance.com

Mailing Address: Possible Finance, PO Box 98686, Las Vegas, NV 89193

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