Possible does its best to make sure we aren't over-lending to you. If payments become too difficult to repay it can cause expensive overdraft fees and negatively impact your credit score.
Possible’s algorithms help determine the amount that can be safely lent to you. A variety of things are considered, like recent income and current bank balance, before making a decision.
If you were approved for less than you applied for, we apologize for any disappointment. The amount you select during the application process gives Possible a target to reach for but it isn't guaranteed.
Once you’ve established a positive borrowing history with Possible, you are more likely to be approved. However, Possible must continue to follow lending guidelines. At this time, Possible can't guarantee that your loan amount will remain the same or increase.