Possible’s loan algorithm does its best to make sure we aren't over-lending to you. If payments become too difficult to pay it can cause expensive overdraft fees and negatively impact your credit score. We look at a variety of things, including real-time data, such as, recent income and current bank balance before making a decision.
Please keep in mind that the amount you select during the application process gives us a target to reach for but isn't guaranteed.
Once you've established a positive borrowing history with Possible, you are more likely to be approved for more. However, we can't guarantee approval or an increase in amount.