Possible has to operate in accordance with state lending laws.
Washington state currently prevents Possible from lending to people who meet the following criteria:
- Eight or more loans in the prior twelve months
- One or more outstanding small loans in default
- One or more outstanding small loans in an installment plan
- Total outstanding small loan principal amount will exceed the limit allowed ($700 or 30% of monthly income)
Florida currently prevents Possible from lending to people who meet the following criteria:
- One or more outstanding loans in an installment plan
- A full 24 hours has not passed since the final payment on a previous loan has been completed (click here for more information on payment processing times)
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