We missed you and we're so thrilled to be able to join you on your financial journey again!
Why did we re-launch?
At Possible, we are committed to providing the best experience to our customers. We made the tough decision to go dark in California while we worked closely with California regulators to define the best experience. It took longer than expected, but we are now finally able to return to all our California friends! Our product is more innovative and flexible than ever before!
What's different now?
Moving forward, when you apply for a loan in California, you will first accept a single payment loan. Then, you will be immediately presented with the ability to upgrade to our installment plan for no charge. Our installment plan is designed to split your repayments up into 4 separate payments, repaid over the course of 8 weeks.
Before you complete your loan acceptance, you will be provided with this screen where you can either Opt-In or Opt-Out of the 4-payment installment plan:
Can I choose the installment plan after the fact?
Yes! If you didn't choose to convert to the Installment plan when you initially accepted your loan, you can still convert it after the fact. To do this, you'll just go to your Dashboard and click "I Need More Time". You'll then see the option to "Accept Installment Plan", just like you see above!
If you run into any issues converting your loan, just send us a request through the Contact Us form in the app!
*Please be aware:
We cannot convert your loan to an installment loan at the time your initial single payment is due or if it has already initiated.
If your payment is returned on your single-payment loan, we cannot convert it to an installment loan.
If you are needing to convert your loan to an installment loan, please reach out to us as soon as possible. Payments initiate 1 business day prior to the payment due date. We cannot cancel or change the payment at that time.
Can this still help build your credit?
When you upgrade to our 4 payment installment loan, your on-time payments will be reported to TransUnion and Experian in an effort to help boost your credit score!