Possible Finance is a mobile app that offers short-term installment loans up to $500. The two to eight-week repayment term makes it a more flexible alternative to payday loans, which can be due in as little as seven days. There’s no credit check when you apply, and Possible reports payments to two of the three major credit bureaus so there’s an opportunity to build a better credit score. It also has same-day funding available if you have a Visa debit card.
But it can cost from $15 to $20 per $100 borrowed, and in some cases, you may face rates up to 460% APR. Possible’s reach is also limited, as it’s only available in 18 states.
We’ve gathered eight alternatives to Possible with similar features, such as same-day funding and small borrowing amounts. And since most cash advance apps don’t charge interest, these alternatives may be much more affordable than what Possible Finance offers.
Chime's SpotMe has an overdraft feature that provides up to $200 to cover overdrafts to your Chime Checking account. To qualify, you need to make a monthly direct deposit of $200 or more into your Chime checking account and activate your Chime debit card. Unlike Possible, you'll pay no fees or interest on this service, and it's available nationwide.
But SpotMe only covers overdrafts caused by ATM or debit card transactions and starts with just $20 of protection. You can raise this limit with regular deposits and a solid account history, by qualifying for promotional bonuses offered by Chime or by using SpotMe Boost, a program that allows existing members to boost each other's SpotMe service.
Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. Direct deposit: Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date. SpotMe: Chime SpotMe is an optional, no fee service that requires a single deposit of $200 or more in qualifying direct deposits to the Chime Checking Account each at least once every 34 days. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases and cash withdrawals initially, but may be later eligible for a higher limit of up to $200 or more based on member’s Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime’s discretion. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. SpotMe won’t cover non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. See Terms and Conditions.
Pros
No fees or tipping obligation
Low monthly direct deposit requirement of $200
Cons
Overdraft limits start at $20 and max out at $200
Must use with Chime Checking account and debit card
Overdraft only covers debit card purchases and ATM withdrawals
Cleo can save you money over Possible Finance, with no interest charged on its cash advances. Members can request a cash advance through customer support for free, starting with $20 to $70 advances at first and eventually qualifying for up to $250. Advances are easier to request through the app if you pay the $5.99 monthly subscription fee, which also comes with personal financial management tools.
If you're willing to pay $14.99 per month, you can access credit builder tools, which include a secured credit card, early access to your paycheck and up to $500 in emergency cash advance if you set up direct deposits. And Cleo reports to all three credit bureaus, which can help you build credit if you keep up on your payments.
Available in all states
Pros
New advance available 24 hours after payoff
One-time due date extension
Budgeting and saving tools through app
Build credit with Credit Builder subscription
Cons
$5.99 to $14.99 monthly subscription fee
Non-subscribers must contact customer service to apply for cash advances
$3.99 express fee for same-day funding
Loan amount
Up to $250
Loan Term
Varies
Turnaround time
3 to 4 days standard transfer. Same day with $3.99 express fee.
Loan amount
$20 - $250
Turnaround time
3 to 4 days standard transfer. Same day with $3.99 express fee.
Unlike a lot of other cash advance apps, Albert doesn't require a monthly membership fee to access its cash advances up to $250. While that amount is lower than Possible Finance's maximum loan amount, Albert allows users to take on multiple cash advances per pay period if you maintain a positive repayment history. Albert also doesn't charge interest, late fees or any other fees — so it may be a much more affordable option than Possible, as its APRs can reach 460% in some cases.
If you need cash fast, Albert does offer instant delivery for a small fee of $6. Albert also has an optional paid membership for $14.99 per month that offers instant delivery at no extra charge. But when you sign up for the app, it automatically enrolls you in a Genius free trial, and most negative reviews are about being charged the $96 yearly fee after forgetting to cancel the membership at the trial's end.
Brigit comes with multiple financial features, such as cash advances, overdraft protection, identity theft protection and more. Its cash advances are through its Instant Cash feature, allowing you to borrow up to $250 per pay period with no credit check, interest charges, late fees or tipping requirement. This makes it a solid alternative to Possible Finance, which charges high financing fees.
Brigit also has flexible repayment options, including the ability to extend your due date up to three times. And unlike other apps, its instant transfers are free with a qualifying linked debit card. However, Brigit isn't free. To get cash advances, you'll have to pay $8.99 per month. And customer support is limited — there's just a chatbot named Jess or the option to chat with a customer care rep. Additionally, Brigit's customer reviews are largely negative, often related to the high cost, poor customer care support and issues around canceling the membership.
You've likely heard of Cash App, as it's one of the most popular banking apps to date. With its popular peer-to-peer (P2P) payment system, stock and crypto investing options, a free Visa debit card that's linked to your Cash App balance and much more, it's got a feature for just about anyone. There's also no membership fee to use the app, and the P2P payments allow you to send or receive money to other users at no charge.
One of Cash App's newest features is called Borrow, offering small loans from $20 to $200 for qualified members. It does charge a 5% monthly fee (equivalent to 60% APR), but it's still significantly less expensive than what you might get with Possible Finance. Borrow hasn't been rolled out everywhere just yet, and only the most active users in eligible states are likely to have access. It's also worth mentioning that Cash App has poor customer reviews, mostly related to users sending money to incorrect users and difficulty getting refunds.
Earnin is best suited for hourly workers who want to access their pay before payday. It's a fee-free app that lets you access up to $750 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 don't have to pay anything to access the money you've already earned.
But 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 $750 limit may not be available to you based on your take-home pay.
B9 is another banking app that offers cash advances up to $500 per pay period — the same amount you can borrow with Possible Finance. And to sign up with B9, you can either use a Social Security Number or ITIN, and it offers customer service in English and Spanish. Like many other cash advance apps, you need to open a B9 checking account and set up direct deposit, and how much you can advance depends on your payment history, income and account status.
However, B9 has a membership fee — either $9.99 or $19.99 per month. The $9.99 basic plan offers advances up to $100. The $19.99 B9 Premium plan offers advances between $300 and $500 per pay period.
Another personal finance app, MoneyLion, offers some of the highest cash advances in the industry. With the free membership, it caps Instacash advances at $500 for non-paying members. But with the paid memberships called RoarMoney and Credit Builder Plus, eligible members can qualify for larger advances, as high as $1,000. Advances also come with no credit check or interest charges, making it a much more affordable option than Possible Finance's short-term loans.
It also has a no-fee checking account, credit monitoring and credit-builder loans of up to $1,000. But its credit-builder program costs $19.99 a month. However, know that MoneyLion doesn't have the best history with regulators and has many negative customer reviews. And if you need a large cash advance right away, the app states it takes up to eight weeks to qualify for the maximum Instacash amount.
Available in: Alabama, Arizona, California, Delaware, Florida, Georgia, Idaho, Illinois, Kansas, Louisiana, Maryland, Michigan, Missouri, New Mexico, North Dakota, Oklahoma, South Carolina, South Dakota, Texas, Utah, Washington, Wisconsin, Wyoming
Pros
High cash advance amounts
No interest charges
Multiple financial services
Cons
Can take weeks to qualify for max amount
Poor customer reviews
Pattern of complaints on BBB profile
Loan amount
Up to $500 or $1,000 with RoarMoney account
Loan Term
Due by your next pay date
Turnaround time
Up to 5 days or instant for a fee of $0.49 to $8.99
Loan amount
$50 - $500
Turnaround time
Up to 5 days or instant for a fee of $0.49 to $8.99
How does Possible Finance compare?
Possible Finance’s short-term installment loans may be a better alternative to a payday loan, but compared side-to-side to cash advance apps, it may not be the least expensive option. Costs vary by state, likely costing around $15 to $20 per $100 borrowed or around 90% to 122% APR. But depending on where you live, you may face a 460% APR, which is comparable to a payday loan.
But Possible Finance does have its benefits. Unlike payday loans and cash advance apps, it reports to two of the three credit bureaus. So if you make your payments on time, you could see an increase in your credit score — a perk you won’t get with cash advances. Possible also has repayment terms from two to eight weeks, whereas most cash advances require repayment by your next paycheck. It also offers up to the maximum amount right away, whereas you typically need to wait a few months after you sign up for a cash advance app to qualify for an advance over $20.
Bethany Hickey is a personal finance writer at Finder, specializing in banking, lending, insurance, and crypto.
Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt.
Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others.
Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine.
If you’re considering using Lenme for a pay advance but its negative reviews are holding you back, we’ve lined up 10 alternatives that could offer more reliability and transparency.
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