Will taking a loan out with Possible affect my credit score?

Good credit is not required to loan with Possible and your credit score is not used to determine your eligibility! 

During the application process, Possible performs what is called a "soft pull" on your credit report for fraud prevention and identity verification. This will not affect your credit score in any way. 

Once you’re approved for a loan, Possible will report the status of your loan to TransUnion and Experian with the goal of helping to increase your credit score. 

Your credit score is determined by a variety of factors including your payment history and the length of your credit history.

One of the best ways to improve your credit score is to make on-time payments over time. This is why Possible created a friendly, short-term loan product that can be repaid in 4 equal payments over approximately 8 weeks. Making your payments on time could help improve your credit score! 

Things to keep in mind:  

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