Step 5 · Subprime installment loans

Possible Finance Review

Item: Possible Finance
Rating: 7.6
Author: REPLACE WITH REAL NAME

Small loans repaid in four installments over eight weeks, reported to two credit bureaus.

By REPLACE WITH REAL NAME, REPLACE — e.g. 8 years covering consumer credit · Reviewed by REPLACE WITH REAL NAME · Updated September 2026

Score 7.6

You are on step 5: Subprime installment loans

Advertiser disclosure: we're paid when you apply through some links on this site, and some lenders here are operated by our parent company. Compensation does not change our scores or the order of the cost ladder. How we make money →

What you'll learn

First-loan example: borrow $100 → 4 payments of about $29 → $115 total repaid (98% APR).
Still an option for: No minimum credit score. Needs a bank account and about $20,000/yr income.
Cheaper first: EarnIn on step 3.

Still an option for: No minimum credit score. Needs a bank account and about $20,000/yr income.

Expensive credit — 163% APR. Try every cheaper step above before you use this.

Our verdict

“Possible Finance is a small installment loan disguised as an app: $50–$500 (up to $1,000 for repeat customers), repaid in four biweekly installments over eight weeks, reported to Experian and TransUnion. The flat fee of $15–$25 per $100 works out to 98%–163% APR — expensive, but cheaper than a payday loan and structured so it ends.”

Who it's for

People who need a few hundred dollars fast, want installments instead of a lump sum, can't get an app advance, and want the payments reported to build credit.

Who should skip it

Residents of the 16 states and DC where Possible doesn't lend; anyone who qualifies for a free app advance; anyone with income under about $20,000 a year.

What it costs, in dollars

Read the fees and the total repaid, not only the advertised rate.

New customers

$50–$500

Term: 8 weeks (4 installments)
APR: 98%–163% APR
Payments: 4 installments, biweekly

What it costs: borrow $100 → 4 payments of about $29 → $115 total repaid (98% APR)Lender's published example: $100 with a $15 fee = four payments of $28.75. With a $25 fee: four payments of $31.25 (163% APR).

Flat fee of $15–$25 per $100 borrowed

Repeat customers

$50–$1,000

Term: 8 weeks (4 installments)
APR: 98%–163% APR
Payments: 4 installments, biweekly

Flat fee of $15–$25 per $100 borrowed

Requirements

What the lender says you need before it will consider you.

$20,000/yr income, SSN, proof of residency and income, US bank account, email.

How fast: Same day to a debit card; ACH takes 1–2 more days.

Not available to active-duty service members or their dependents (Military Lending Act 36% cap).

Where it's available

Not available in: Colorado, Connecticut, District of Columbia, Georgia, Illinois, Massachusetts, Maryland, Maine, Minnesota, North Dakota, New Jersey, New Mexico, New York, Pennsylvania, South Dakota, Wisconsin, West Virginia.

How we scored it

Cost transparency (25%)9 / 10
Flat fee shown; published examples
Total cost vs. peers (20%)6 / 10
98%–163% APR on an 8-week term
Accessibility (20%)6 / 10
34 states; $20k income
Speed (10%)8 / 10
Same day to debit card
Repayment flexibility (10%)8 / 10
Installments; reports to 2 bureaus
Customer experience (15%)9 / 10
Desk research 24 Sep 2026 — BBB A+ accredited; no red-flag complaint pattern or enforcement; support is email/chat only.
Sources: bbb.org; consumerfinance.gov

Cheaper options to check first

Step 3 · Paycheck advance apps

EarnIn

Access pay you've already earned, with no mandatory fees.

Score 8.0

Still an option for

Steady paycheck with a consistent schedule and a linked checking account. Not available in Connecticut.

Amount

$0–$150

Term

Repaid on your next payday

Speed

Free in 1–2 business days; about 30 minutes with Lightning Speed ($3.99–$5.99).

One honest con

Tips and speed fees add up if you use it every pay period; limits vary by user.

See rates at EarnIn →Read our review

Opens the lender's site. We may be paid if you apply.

Availability varies by state.

Last verified September 24, 2026

No mandatory fees. Optional tips. Lightning Speed $3.99 (under $75) to $5.99 (over $75). Up to $150 per day and $1,000 per pay period.

Best for

W-2 and hourly workers who need up to $150/day, $1,000+/pay period, and can wait a day or two.

See the full cost and what you need ↓

Cash Out

$0–$150

Term: Repaid on your next payday
Payments: Auto-debit on payday

No mandatory fees. Optional tips. Lightning Speed $3.99 (under $75) to $5.99 (over $75). Up to $150 per day and $1,000 per pay period.

What you need: Linked checking account, verifiable work/pay schedule, direct-deposit history.

Not for: Gig workers with irregular pay; anyone who needs more than their earned wages so far.

Step 3 · Paycheck advance apps

MoneyLion Instacash

Advances up to $500 — or $1,000 with a RoarMoney direct deposit — with no mandatory fees.

Score 6.9

Still an option for

Checking account 60+ days old with three recurring direct deposits from the same employer.

Amount

$25–$1,000

Term

Repaid on your next payday

Speed

Free in 1–5 business days; instant (Turbo) for $0.49–$8.99.

One honest con

Turbo fees and tip prompts; standard delivery can take up to 5 business days to an outside bank.

See rates at MoneyLion Instacash →Read our review

Opens the lender's site. We may be paid if you apply.

Availability varies by state.

Last verified September 24, 2026

No mandatory fees. Turbo delivery $0.49–$8.99. Up to $500 standard, up to $1,000 with RoarMoney direct deposit.

Best for

Salaried workers who can move direct deposit to RoarMoney for a higher limit.

See the full cost and what you need ↓

Instacash

$25–$1,000

Term: Repaid on your next payday
Payments: Auto-debit on payday (defer up to 2 weeks once per cycle)

No mandatory fees. Turbo delivery $0.49–$8.99. Up to $500 standard, up to $1,000 with RoarMoney direct deposit.

What you need: 18+, US resident, photo ID, checking account 60+ days old, 3+ recurring direct deposits from one employer.

Not for: People with irregular deposits; anyone who needs money today without paying a Turbo fee.

Step 3 · Paycheck advance apps

Dave ExtraCash

Up to $500 before payday with a flat percentage fee.

Score 6.8

Still an option for

Bank account active 60+ days with recurring deposits.

Amount

$5–$500

Term

Repaid on your next payday

Speed

Free in 2–3 business days; instant with a fee.

One honest con

Membership of up to $5/month plus a 5% fee per advance ($5 min, $15 max), plus 1.5% for express to an outside bank.

See rates at Dave ExtraCash →Read our review

Opens the lender's site. We may be paid if you apply.

Availability varies by state.

Last verified September 24, 2026

Membership up to $5/month + 5% per advance ($5 min, $15 max) + 1.5% express fee to an outside bank; free to a Dave checking account or by ACH in 2–3 days.

Best for

People who need a predictable, one-time fee and up to $500.

See the full cost and what you need ↓

ExtraCash

$5–$500

Term: Repaid on your next payday
Payments: Auto-debit on payday

Membership up to $5/month + 5% per advance ($5 min, $15 max) + 1.5% express fee to an outside bank; free to a Dave checking account or by ACH in 2–3 days.

What you need: Linked account active 60+ days, recurring deposits, 18+, US address, SSN.

Not for: Anyone who will use it every month — the 5% fee compounds quickly.

Similar lenders

Step 5 · Subprime installment loans

OppLoans

Larger installment loans with monthly payments and credit-bureau reporting.

Score 6.9

Still an option for

No minimum credit score, but you need $1,500/month income with direct deposit and 30+ days on a W-2 job.

Amount

$500–$5,000

Term

9–18 months

Cost

$3,551

Speed

Same or next business day if approved by 12 p.m. CT.

One honest con

Still very expensive — 129%–195% APR — and not available in 11 states/DC.

See rates at OppLoans →Read our review

Opens the lender's site. We may be paid if you apply.

Availability varies by state.

Last verified September 24, 2026

APR: 129%–195%

Representative example: borrow $2,000 → $3,551 total repaid (160% APR)

Expensive credit — 195% APR. Try every cheaper step above before you use this.

Best for

People who need $1,000–$5,000 over 9–18 months and want on-time payments reported to the bureaus.

See the full cost and what you need ↓

Installment loan

$500–$5,000

Term: 9–18 months
APR: 129%–195% APR
Payments: Monthly (due date adjustable)

What it costs: borrow $2,000 → $3,551 total repaid (160% APR)Lender's published example: $2,000 at 160% APR over 18 months costs $1,551 in interest.

No origination fee. In some states the loan is made by a partner bank (FinWise Bank, First Electronic Bank or Quill Bank, formerly Capital Community Bank). Comparison math uses a representative 12-month term; actual terms are 9–18 months.

What you need: 18+, US citizen with SSN, $18,000/yr gross income (can include SS, disability, child support), bank account with direct deposit, W-2 employment 30+ days.

Not for: Gig workers without W-2 income; anyone needing under $500.

Not available to active-duty service members or their dependents (Military Lending Act 36% cap).

Step 5 · Subprime installment loans

NetCredit

Larger, longer installment loans with the lowest APR floor in this group.

Score 6.9

Still an option for

No minimum credit score. Needs a personal checking account and verifiable income.

Amount

$1,000–$10,000

Term

6–60 months

Cost

≈ $1,639 over 6–60 months

Speed

1–3 business days after signing; same-day possible before 7 a.m. CT weekdays.

One honest con

Origination fees in some states; the $1,000 minimum is high for an emergency shortfall.

See rates at NetCredit →Read our review

Opens the lender's site. We may be paid if you apply.

Availability varies by state.

Last verified September 24, 2026

APR: 34%–155%

Representative estimate: ≈ $1,639 over 6–60 months

Expensive credit — 155% APR. Try every cheaper step above before you use this.

Best for

People who need $1,000+ and can qualify for the lower end of 34%–155% APR over 6–60 months.

See the full cost and what you need ↓

Installment loan

$1,000–$10,000

Term: 6–60 months
APR: 34%–155% APR
Payments: Monthly

Origination fee in some states, deducted from proceeds; no prepayment fee Comparison math uses a representative 24-month term; actual terms are 6–60 months.

What you need: 18+ (19 in AL/DE, 21 in MS), personal checking account, email, verifiable income.

Not for: Anyone needing less than $1,000; residents of the 13 states NetCredit doesn't serve.

Not available to active-duty service members or their dependents (Military Lending Act 36% cap).

Step 5 · Subprime installment loans

Rise Credit

Installment loans that can get cheaper as you repay on time.

Score 6.8

Still an option for

No minimum credit score. Needs $1,000/month after-tax income and a checking account.

Amount

$500–$5,000

Term

7 months – 3 years

Cost

$10,506

Speed

Next business day if accepted by 6 p.m. ET.

One honest con

APR runs 59.80%–299%; origination fee up to 5% in DE, ID, MO, UT, WI.

See rates at Rise Credit →Read our review

Opens the lender's site. We may be paid if you apply.

Availability varies by state.

Last verified September 24, 2026

APR: 59.8%–299%

Representative example: borrow $3,000 → $10,506 total repaid (199% APR)

Expensive credit — 299% APR. Try every cheaper step above before you use this.

Best for

Borrowers in one of Rise's 30 states who plan to repay on time and refinance at a lower rate.

See the full cost and what you need ↓

Installment loan

$500–$5,000

Term: 7 months – 3 years
APR: 59.8%–299% APR
Payments: Biweekly installments

What it costs: borrow $3,000 → $10,506 total repaid (199% APR)Lender's published example: $3,000 at 199% APR over 2 years costs about $7,506 in interest.

Origination fee up to 5% in DE, ID, MO, UT, WI Comparison math uses a representative 18-month term; actual terms are 7 months – 3 years.

What you need: 18+, checking account, email, SSN, job or regular income of $1,000/month ($12,000/yr) after tax.

Not for: Residents of the 20 states + DC where Rise doesn't lend; anyone who can get a sub-36% option.

Not available to active-duty service members or their dependents (Military Lending Act 36% cap).

Alternatives to Possible Finance →

Keep comparing

Three useful next stops before you choose a lender.

GuideTribal loans explained Free help211 and emergency assistance CalculatorLoan-cost calculator

Availability varies by state.

See rates at Possible Finance →Check your state

Last verified September 24, 2026

Terms and 34-state list verified 24 Sep 2026 (support.possiblefinance.com State Eligibility; NerdWallet Aug 2026).

Expensive credit — 163% APR. Try every cheaper step above before you use this.

See rates at Possible Finance →