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Apps like Possible Finance

These pay advance apps have lower fees and great features.

Possible Finance offers short-term loans and is a handy alternative to payday loans if you need fast cash — but it can cost from $15 to $20 per $100 borrowed. But unlike other cash advance apps, it reports your payments to the three major credit bureaus to help you build your credit score. It also has same-day funding available if you have a Visa debit card.

But it's only available in 18 states, which excludes many borrowers. These five alternative apps are similar to Possible Finance, but most are cheaper and offer additional features — like same-day transfers and debit card funding — in addition to having wider availability and their own credit-building programs.

5 top alternatives to Possible Finance

  • For full paycheck advances: B9
  • For frequent borrowers: Brigit
  • For a complete banking experience: MoneyLion
  • For low monthly fees: Dave
  • For a no-fee app: Earnin

For full paycheck advances: B9

B9 pay advance app

B9 has a monthly membership fee of $9.99 — but it's one of the only apps that lets you access 100% of your paycheck 15 days before your payday with a B9 checking account. So while you'll need to set up a bank account with B9 and have at least $500 in monthly deposits to qualify, it's one of the most flexible alternatives to Possible Finance. It's also significantly less expensive over the long run compared to Possible, but you'll need to build your income history with B9 before you can receive the full advance.

  • Available in all states
Pros
  • Instant advances available
  • Access 100% of your paycheck
  • Nonresidents may qualify
Cons
  • B9 checking account required
  • $9.99 monthly fee
Loan amountUp to 100% of your paycheck
Interest rate typeFixed
Loan TermNot Stated
Turnaround timeInstant

For frequent borrowers: Brigit

Brigit

With a $9.99 a monthly membership fee, Brigit costs a hefty $120 each year compared to other apps, like Dave for example, which only charges $1 a month. But unlike other apps, its instant transfers are free with a qualifying linked debit card. This makes it a solid alternative to Possible Finance, which charges $15 to $20 per advance. And Brigit comes with built-in overdraft protection and flexible repayment options, including the ability to extend your due date up to three times. It also offers a credit-builder program for $9.99 a month.

  • Available in all states
Pros
  • Flexible repayment options
  • Automatic overdraft protection available
  • No advance fees, tips or interest
Cons
  • $9.99 monthly membership fee
  • Limited customer support options
Loan amountUp to $250
Interest rate typeFixed
Loan TermVaries
Turnaround time1 to 3 days or same-day in some circumstances

For a complete banking experience: MoneyLion

MoneyLion Instacash advances

MoneyLion is a personal finance app that offers cash advances up to $250 per pay period. It also has a no-fee checking account, no-interest cash advances, credit monitoring and credit-builder loans of up to $1,000. But its credit-builder program costs $19.99 a month, which is more expensive than credit-builder programs through apps like Dave or Brigit. You can repay your MoneyLion advance manually or have MoneyLion do it automatically through your account. But beware of poor customer reviews.

  • Available in: Alabama, Arizona, California, Delaware, Florida, Idaho, Illinois, Kansas, Louisiana, Maryland, Michigan, Mississippi, Missouri, New Mexico, North Dakota, Oklahoma, South Carolina, South Dakota, Texas, Utah, Washington, Wisconsin, Wyoming
Pros
  • Flexible repayment options
  • No tips or additional fees
  • Other banking features available
Cons
  • $19.99 credit builder program fee
  • Poor customer reviews and complaints
Loan amount$25 – $250
Interest rate typeFixed
Loan TermVaries
Turnaround time3 to 5 business days to external checking account, 12 to 48 hours to RoarMoney account

For low monthly fees: Dave

Dave ExtraCash

Dave is a low-cost option that offers up to $500 cash advances before your next payday. There's a $1 to use Dave — which is much lower compared to the fee you'll pay to Possible Finance each time you borrow. And while Dave suggests that users tip, tipping is fully optional. Unlike with Brigit, there's no way to change your due date or the day your membership fee is taken out each month. But it offers a credit-building program for $100 a year, and it's free for one year if you set up direct deposit to a Dave Spending account.

  • Available in all states
Pros
  • Low monthly membership fee of $1
  • Same-day funding available
  • No advance fees or interest
Cons
  • Turnaround up to three days
  • Instant transfers cost $2.49 to $5.99
Loan amountUp to $500
Interest rate typeFixed
Loan TermVaries
Turnaround timeSame business day to 3 business days

For no fees: Earnin

Earnin

Earnin is a fee-free app that lets you access up to $500 per pay period — with optional tips of $0 to $14. So unlike Possible Finance and most cash advance apps that charge a fee for each advance or a membership fee, you won't pay anything to access the money you've already earned. But to take advantage of this, you'll need to upload your timesheet and allow Earnin to track your location so it can confirm when you're at work. Your advance is also limited to a percentage of what you've already earned, so the full $500 may not be available to you based on your take-home pay when you need an advance.

  • Available in all states
Pros
  • No membership fees
  • Large advance of up to $500
  • Tips optional
Cons
  • Tracks location and time sheet
  • Advance limited to hours already worked
Loan amountUp to $500
Interest rate typeFixed
Loan TermVaries
Turnaround time2 to 3 days, or instant with Lightning Speed

How does Possible Finance compare?

Possible Finance is pricey alternative to most cash advance apps, but there are some benefits to using it, including the ability to improve your credit score with on-time payments. But you'll need to weigh the high cost against what it offers you.

Pros

  • Payments reported to all three credit bureaus
  • No credit check
  • History of good customer service

Cons

  • Only available in 18 states
  • Fees of $15 to $20 per $100 borrowed — up to $100 for a $500 loan
  • Monthly income of at least $750 required

Alternatives to payday and installment loans

We haven't included payday and installment loans as alternatives to Possible Finance on the list here, as they’re often predatory and can attract outrageous interest rates — sometimes in the triple digits — which may cost borrowers hundreds of dollars in interest over the long run.

Did you know?

  • A typical $375 payday loan comes with $520 in fees because of repeat borrowing.
  • The average APR on a payday loan can reach a shocking 650% in states with no protections against predatory short-term lenders.
  • Most payday loan borrowers stay in debt for at least 11 months.

Cash advance apps may be a more affordable alternative to high-interest payday loans. Compare cash advance apps to find one that works with your payment schedule to avoid taking on more costly debt.

How else can I get cash fast?

Cash advance apps can’t help every borrower in every situation. You may also want to look into these alternatives:

  • Alternative short-term lenders. Providers like LendUp offer short-term loans at a lower cost than payday loan providers, with a chance to build your credit. These can still be more expensive than a personal loan, though.
  • Payday alternative loans. Some federal credit unions offer their members payday alternative loans, which are short-term loans up to $1,000. Rates are capped at 28% APR, but they’re not good for short-term cash needs as you may wait up to a month for funds.
  • Credit card cash advance. If you have a credit card, you may be able withdraw a cash advance from an ATM in an emergency. But rates for cash advances can run high, so have a plan to pay it off to avoid expensive interest payments.
  • Auto title loans. If you own your car, auto title loans use your vehicle’s title as collateral, which makes them more competitively priced payday loans. However, if you don't make your repayments on time, your car could be repossessed.
  • Local programs and resources. Many local government agencies, nonprofits, churches and charities offer free financial services to those in need to pay for things like food or utilities. Check out our guide to local resources by state to find one near you.

See our payday loan alternatives guide to compare even more options for your borrowing needs. It covers local resources plus 11 other less conventional alternatives to consider if you’re in need of a financial boost.

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