How can I increase my Possible Loan amount?
Summary
Ever feel like your loan didn’t match what you needed? With Possible, there are real ways to improve your approval odds—or even get more next time. In this video, we’ll cover the key factors we look at (hint: it’s not your FICO score), how timing matters, and what consistent bank activity tells us. We’ll also walk through why having just one loan at a time and avoiding overdrafts can help. Learn how to make your application stronger, whether it’s your first time or your third.
Transcript
Ever feel like your loan amount didn’t match what you needed? Or do you just want to boost your chances of getting more?
Good news: you totally can. Let’s break down how it works.
At Possible, we don’t keep secrets. Here are the things you can do to help increase your chance of approval, or get a higher amount the next time you apply for a Possible Loan.
Whether you’ve already applied or you’re just thinking about it—getting the biggest loan you can isn’t about luck.
And it’s definitely not about your FICO score. (We don’t check those.)
Instead, it’s about all the ways you can show us you’ll be successful when it comes to making your payments.
When you apply, we’ll ask you to link your bank account.
Make sure you connect your main bank account—the one where you get paid and do most of your spending.
A steady balance, consistent income and fewer overdrafts show that you can totally handle your installment payments. We’re really looking for consistency over time.
My next tip is all about the timing of when you apply. If possible, plan ahead when you can—and give yourself that financial cushion.
If you know you’ll need a loan soon, don’t wait until your balance hits zero. Try applying before big bills go out—it shows you’ve got room to repay.
Recurring charges can be sneaky—it happens to the best of us. Track subscriptions or bills so they don’t take your bank balance by surprise.
Also: stick with one loan at a time. Having multiple repayments due all at once can raise red flags.
All that said, don’t overthink it. There’s no cost to apply. We don’t check your FICO score, and you can always try again if your application isn’t successful.
Even if your loan offer is smaller than you hoped, we’ll still get you as much as possible.
Plus, accepting that smaller loan offer and making on-time payments can help you qualify for more money in the future.
Building a solid history with Possible really counts. And something else when it comes to your Possible track record:
If this isn’t your first loan with us, you already know this one: you can push payments out up to twenty nine days later than the originally scheduled payment dates if you need to.
That flexibility is there for a reason—we want to set you up for success. And there’s no penalty fee to reschedule your payments.
If you’re hoping for a higher loan next time, you can still take advantage of this benefit. Move your payment dates if you need to, but try to stick to just a week or two later—rather than the full twenty nine days. It can make a big difference and show you’re ready for a higher loan amount next time.
A lot of these things might not sound like your typical loan. It’s true. We do things differently.
What you’ll find here isn’t what you might see from other lenders.
For example, we don’t profit from charging late fees or penalty fees. Our business is set up so that when you succeed, we do too. As a Public Benefit Corporation, our job is to set you up for success—and part of that means making sure your loan fits your budget.
Whether it’s your first loan or your third, Possible was built to meet you where you are—and grow with you.
We also report your payments to credit bureaus, helping you build that history so other lenders can see your progress, too.
I’m Uzunma with Possible. Thanks for watching, and head to our Help Center to find out more about applying for a Loan.
