Why was I denied for a State Database Restriction?

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: 

 

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