Payday & Small-Dollar Lenders · Fintech (online payday / installment lender; EWA) · Structural / no discrete incident
Possible Finance (Possible Financial Inc.)
Headline
Possible Finance is a licensed online payday lender, not just an app: its own California fee table shows a $100 loan costing $17.64 - a 460% APR if repaid on day 14, or 178% on its 8-week installment plan - and in 28…
Not independently verified. Verification status: Unverified - heuristic first draft. Publish state: draft unverified.
Possible Finance is a licensed online payday lender, not just an app: its own California fee table shows a $100 loan costing $17.64 - a 460% APR if repaid on day 14, or 178% on its 8-week installment plan - and in 28 states its loans are made by Coastal Community Bank and serviced by Possible, a bank-partner structure that can sidestep state rate caps. No regulator action, data breach or class action against Possible turned up this pass, but its terms impose AAA arbitration with a class waiver and no stated opt-out, and its privacy policy discloses that users' transaction and account data is sent to an AI vendor (Anthropic) to power its money-management features.
- Severity
- Evidence tierUnassigned
- Claims confirmed
- Last verified2026-10-16
Primary source. www.possiblefinance.com/state-licenses-and-disclosures — Unverified - heuristic first draft.
Terms
Arbitration
Yes - Terms of Use (Dec. 6, 2024): binding arbitration administered by AAA; no class actions in court or arbitration, no private-attorney-general role, no joinder; FAA governs; Delaware law and New Castle County, DE courts for non-arbitrable claims. Product-specific loan agreements not reviewed this pass.
Data sharing
Privacy policy (Mar. 27, 2026): uses Plaid and Yodlee to pull bank-account data; where users choose its financial-management features, 'Possible uses Anthropic, Inc. to provide artificial intelligence ("AI") powered analysis' of transaction and account data under a DPA barring the vendor from selling, sharing or training on the data. Uses third-party ad targeting / interest-based advertising; reserves the right to 'use, transfer, assign, sell, share' information received via social networking services. Site footer has a 'Do Not Sell My Info' link (page not reviewed this pass). GLBA notice governs financial-product data (not reviewed). Privacy contact listed is a general help address.
Fees and billing
California example fee schedule: $100 loan, $17.64 fee, total $117.64 = 460% APR (14-day), 214% (30-day), 178% (56-day installment). Loans in AL, AR, AZ, DE, FL, IA, IN, KS, KY, LA, MI, MO, MS, MT, NC, NE, NH, NV, OH, OK, OR, RI, SC, TN, TX, VA, VT and WY are 'made by Coastal Community Bank, and serviced by Possible Finance'. Instant delivery fee may apply in select states; optional Expedited Fee on advances added to repayment. Membership cancels at end of billing period, and the month's unpaid fee is still charged.
Contacts
Privacy contact. help@possiblefinance.com (privacy policy); support@possiblefinance.com (complaints)
Legal notice. Not verified this pass. Terms say 'The Site and the App is located in the State of Washington' but give no street address. Check the Washington Secretary of State / DFI licensee record for Possible Financial Inc.'s registered agent.
Mailing address. Not recorded.
Evidence
No claims have been itemized for this row yet.
Sources
| Source | Claim | Tier | Status | Quote |
|---|---|---|---|---|
| Company disclosures (primary) · 2026-10-16 www.possiblefinance.com/state-licenses-and-disclosures | whole row | Unassigned | confirmed | “Loans in AL, AR, AZ, DE, FL, IA, IN, KS, KY, LA, MI, MO, MS, MT, NC, NE, NH, NV, OH, OK, OR, RI, SC, TN, TX, VA, VT, and WY are made by Coastal Community Bank, and serviced by Possible Finance.” Quote basis: not recorded. |
| Company privacy policy (primary) · 2026-03-27 www.possiblefinance.com/privacy-policy | whole row | Unassigned | confirmed | “Possible uses Anthropic, Inc. to provide artificial intelligence ("AI") powered analysis” Quote basis: not recorded. |
| Company terms (primary) · 2024-12-06 www.possiblefinance.com/tos | whole row | Unassigned | confirmed | “THESE TERMS OF USE ALSO INCLUDE, AMONG OTHER THINGS, A BINDING ARBITRATION PROVISION THAT CONTAINS A CLASS ACTION WAIVER.” Quote basis: not recorded. |
| Company product terms (primary) · 2026-10-16 www.possiblefinance.com/singlepaymentadvance-terms-and-conditions | whole row | Unassigned | confirmed | “SPA services are available at no cost.” Quote basis: not recorded. |
| Company product terms (primary) · 2026-10-16 www.possiblefinance.com/membership-terms-and-conditions | whole row | Unassigned | confirmed | “You will be charged for the unpaid membership fee in the month in which you cancel” Quote basis: not recorded. |
| Advocacy-group litigation tracker (secondary) · 2026-09-29 www.responsiblelending.org/research-publication/payday-loan-app-litigation-tracker | whole row | Unassigned | confirmed | No quote recorded. Quote basis: not recorded. |
| Law firm analysis (secondary) · 2026-01-05 www.dwt.com/blogs/financial-services-law-advisor/2026/01/cfpb-revisits-2020-opinion-earned-wage-access | whole row | Unassigned | confirmed | “formally withdraws the CFPB's 2024 proposed interpretive rule” Quote basis: not recorded. |
| Law firm client alert (secondary) · 2025-06-10 www.mcguirewoods.com/client-resources/alerts/2025/6/connecticut-and-louisiana-poised-to-enact-earned-wage-access-legislation-marking-significant-policy-shift-among-states/ | whole row | Unassigned | confirmed | “SB 1396 caps the total finance charge for EWA at $4 per advance or $30 per month” Quote basis: not recorded. |
Source vault
Link status: Candidate - not yet fetched
| Document | Last fetch | |
|---|---|---|
| Privacy policy https://www.possiblefinance.com/privacy-policy | Not fetched yet | NOT CONFIRMED |
| Terms of service https://www.possiblefinance.com/tos | Not fetched yet | NOT CONFIRMED |
| Website https://www.possiblefinance.com | Not fetched yet | — |
| Primary source https://www.possiblefinance.com/state-licenses-and-disclosures Verification: Unverified - heuristic first draft | Not fetched yet | — |
Enforcement
No enforcement actions are linked to this row.
State statute
No comprehensive state privacy statute on file for WA