Why was I denied for a State Database Restriction?

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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)