One can never disagree how the digital platforms have changed and have made an impact on almost everything there is – including finance and personal finance. Online crediting has expanded over the last few years so much and Possible Finance is one such app that makes it easier for you. But it is not the only one, there are a lot of other apps like Possible Finance that you might want to look at before you get into online crediting.
Did you know 91 million Americans can not access money when they need it? If this data scares you, then yes, you need a personal financing app.
Keeping track of money and expenses has also become a task for the GenZ and Millenials as there was a rapid growth in technological space. That’s when finance apps like Possible Finance also come into the picture and make the work easier for you.
Apps like Possible Finance not only help you keep track of your expenses but also make you aware of where and where you should not spend your money.
Want to know more about it? Let’s read further to know more about what is Possible Finance. Who can use this app? And then, finally, 6 apps like Possible Finance you must know about if you’re digging the idea of the app! Let’s get started!
What Is Possible Finance?
Possible is a personal financing application that is based in Seattle, Washington, in the United States of America. You can get money in minutes, improve your financial health, and gain peace of mind.
This isn’t what we’re saying, this was said by the official Possible website.
On the Possible credit card, you get a $400 or $800 limit with instant cash access.
What’s the good part about it? They don’t charge interest or late fees – ever! You won’t have to get your credit checked or deposit a security amount in advance.
There are a lot of other perks which you can check here.
But for now, yes, the idea of a credit card or cash isn’t bad if you know how you can use it in the right way.
Before moving further on, you should know who is an eligible person to use these kinds of applications.
So, who can use apps like Possible finance? Let’s discuss.
Who Can Use Apps Like Possible Finance?
Well as mentioned earlier, one can use the application even when they have low credit score, meaning, the app lends you money without checking it.
However, there are some criteria the app considers before lending the money to its users.
If you want to get credit from Possible App, you need to have an income of at least $750 in a month and your account must have consistent deposits coming in.
The app also does not lend money if the average balance in your account is often low and/or negative.
So, if you don’t fir in any of the criteria mentioned above, you are successfully eligible to get a credit from the app.
Since, we’re talking about other apps like Possible finance, you must know that the other personal financing applications also have similar eligibility standards and lend money according to that itself.
Now, without further ado, let’s talk about the 6 apps like Possible finance you must know if you find yourself reading this article so far.
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6 Apps Like Possible Finance You Must Know About!
Possible finance has been a total game changer in the personal financing category but this doesn’t mean there aren’t more of them. Listed below are 6 apps like Possible finance that you must know about and are in no way any less than Possible.
Let’s get into them!
1. Brigit – Borrow and Build Credit
Brigit is one of the best apps like Possible finance you should take a look at if you’re even a teeny-tiny bit interested in it.
The application has been rated more than 4.5* out of 5 by more than 230,000 users of the application.
The app gives you an instant credit of $250. This app helps you budget faster. As there are eligibility criteria for Possible, there are 4 of them in Brigit, too.
- If you want to have an account on Brigit, here is the list of eligibility:
- The account should have more than $0 balance,
- Monthly income should be $800, at least,
- The account should be a minimum of 2 months old,
- The amount of cash in your account after paycheck.
If you find yourself fitting into these criteria, the app is all yours to use.
If you are planning for something big and need credit for that, Avant got you covered. This app lends you $2000 to $35,000 to finance money for an emergency or a major purchase you have been planning for.
Not just this, with this much amount of money that they’ve lent you, they also give you a longer duration to pay that back.
The note to keep in mind would be that Avant charges you late fee and administration fee.
3. Chime – Mobile Banking
Chime is one of the most trustworthy apps you can use to get credit. It gives you around $200 of instant cash. The app has been rated 4.8 * out of 5 by more than 750,000 users.
This alone should tell you that the app is worth it.
The app has one of the sleekest user interface that has brought mobile banking right to your finger tips, quite literally.
As the personal finance apps say, the app keeps and eye on your expenses and your savings – so that’s good, isn’t it?
You can also withdraw your savings early if you want to with the feature of this app called Chime SpotMe. The application also comes with a credit score builder so all the best for that.
You can also exceed your withdrawal amount by $20. This isn’t where it stops, the limit keeps increasing as your account stays active for a longer time.
FloatMe got you covered on all your unexpected and emergency bills. The app gives you instant credit for up to $50 and has been rated 4.6 stars out of 5 by more than 70,000 users.
The $50 amount is called “float”.
All you have to do is to link your bank account and provide your employment details.
The app doesn’t check your credit score, so if you’re running a little low, the app got you covered. The app has associated itself with the trustworthy banks in the USA so that the process is as smooth as it can get.
Klover is your stop when you’re looking for apps like Possible finance. The app gives an instant credit of $100 and has been rated 4.5* out of 5 by more than 100,000 users.
Klover is the app that lets you withdraw your salary even before you get it!
In compliment to these advances, the app also provide you with budgeting tools that help you manage your income and make you financially healthy.
All you have to do is to sign up for it by entering your details, linking your bank, and verifying your salary. Once you get approved, you can withdraw cash within a day.
And hence, Klover is one of the apps like Possible finance you should have knowledge about.
Earnin is one of the apps like Possible finance that allows you to withdraw an amount as high as $500. The app has been rated 4.5* out of 5 by its more than 390,000 users.
You can also withdwar small amounts of your earned wages.
What makes Earnin stand out among other apps is that the app lets you withdraw an amount up to $500 – which is A LOT. The members who have just signed up for the app are also allowed drawing cash
Summing Up |Apps Like Possible Finance You Must Know About
So, the best apps like Possible finance you must know about are –
- Brigit – Borrow and Build Credit
- Chime – Mobile Banking
This would be all from us on the list of 6 best apps like possible finance, you must know about. If you have a personal favorite from these ones, don’t forget to mention it down in the comment section below. If you also have a query about anything that is mentioned above, don’t forget to type it down in the comments below.
Personal financing can be a little difficult but apps like these have cut down our mental work to a great percentage. These apps can be of great use if one is a little careful on the expenses.
We will be back soon with new articles on our site, till then why don’t you read the other interesting articles written by the team? We’re sure they will also be some use for you.
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