How to Apply for a Possible Loan
Summary
Applying for a Possible Loan is simple and fast—and there’s no FICO check. In this video, we’ll walk you through each step of the application process, whether you’re applying for the first time or coming back. Learn how to create an account, link the right bank, and what to expect if we need to verify your ID or income. We’ll also share best practices to help boost your odds of approval, including when to apply and which accounts to avoid linking. From start to finish, we’ve got you covered.
Transcript
Thinking about applying for a Possible Loan?
Here’s what you need to know before you start—whether it’s your first time or you’re coming back.
First things first: applying is free, fast and easy.
There’s no FICO check. Your cash flow, income and bank history helps you qualify. So if you bad credit or no credit, that’s OK—you’re welcome here.
You can apply in the Possible app or online at possiblefinance dot com
Log in or create an account.
Turn on notifications — that way you’ll know instantly if you’re approved.
Choose how much you want to borrow. (And don’t worry: if you don’t qualify for the entire amount, we’ll still offer what we can.)
Then enter your phone number, and follow the prompts.
We’ll ask you for some quick details.
If you’ve borrowed before, we already have some of your info, so it’ll go even faster.
Now for this next step, you’ll need to connect a checking account with at least three months of history and consistent paychecks coming in.
It’s super easy to link your account using Plaid. Plaid helps us safely review your income and cash flow. It’s quick and secure—all your data is encrypted.
And that’s it!
Once you hit submit, we’ll review your info.
It’s not always the case, but we might ask you to verify some details while reviewing your application.
If that happens, it’s super easy to do. For verifying your ID in the app, you can use documents like state-issued IDs, driver’s licenses, or your U.S. passport. Just make sure it’s not expired, and the photo is clear.
Another thing we might ask about is proof of income—especially if you share an account or are self-employed. You can upload paystubs, benefit letters, or bank statements.
On approval, you’ll get the chance to review your loan terms before accepting.
And boom—once you accept, the loan is yours!
Now before you go, a few tips to make the most of your application.
Make sure you use the bank account where your paycheck lands—and it’s best to apply at a time when your balance isn’t negative.
Don’t over think it: if you get denied, you can try again—but you should know that there’s a 72-hour wait after a denial.
So if your account just bounced a big payment or got hit with an overdraft fee, try and wait to apply until you’re back in the green.
The details matter: don’t link an empty or unused bank account, or type in a nickname that doesn’t match your ID.
Basically: If we can verify your info and see enough history, it’ll increase your likelihood of approval.
All these details help us get a clear picture of your finances—and speed things up!
I’m Uzunma with Possible. We’re here to help along each stage of your application. Head to our Help Center for more—or open the app and get started today.
