Can I get a loan if I share a bank account with someone who has a Possible loan?

At this time, Possible can only extend one loan per  bank account at a time.

If you would like to take out an additional loan, any active loans connected to your bank account will need to be repaid first. 

If you share a bank account with another party, unfortunately Possible will only be able to review the application of, or extend a loan to whomever applied with us first. Once an active loan is paid in full, you can reapply with Possible if you'd like!

Alternatively, if you and the other party you share an account with both want to apply, and you have another bank account that receives income, Possible is happy to consider it. However, please keep in mind that the account cannot be tied to the same shared account in any way or you will continue to receive an error (e.g., a Savings account tied to the same checking account). 

If you believe there has been an error and you are not aware of an existing Possible loan with your bank account, please contact our customer success team using the Contact Us form in the app.



Was this article helpful?
2 out of 3 found this helpful



Article is closed for comments.