# What Predatory Loans Will Cost You

Over 1,000% APR. Hidden refinance fees. Automatic renewals. In this episode of Small Print Made Simple, Daynor takes a closer look at a real payday loan agreement—one so deceptive, the Federal Trade Commission actually sued the lender.

Daynor unpacks how a $250 loan ends up costing over $100 in fees, how shady renewal clauses get buried 11 paragraphs deep and how predatory lenders trap people in long-term debt through rollovers and refinancing tricks.

This is the kind of lending Possible was created to challenge. We offer transparent credit-building loans with no rollovers, no late fees and no hidden costs. You get payment flexibility, no penalty fees and the breathing room you need—without the trap.

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## Transcription

More in this series

**The Truth About Payment Apps** Are payment apps safe? Daynor breaks down the real risks and what to watch out for—and storing money in a bank account with FDIC insurance matters. 2:26](/content/series/the-truth-about-payment-apps/index.html)

**Junk Fees** What are junk fees? Should you have to pay a fee just to check your account balance? Daynor breaks down why charging fees for your own info isn’t just wrong—it’s likely illegal. Learn how to spot and avoid them. 1:59](/content/series/junk-fees/index.html)

All products are subject to eligibility and approval by Possible Financial Inc. dba “Possible Finance” and “Possible” or its banking partner Coastal Community Bank. Eligibility for a product is not guaranteed.

For Loans, Possible Finance has direct lending licenses in AK, CA, HI, ID, UT and WA. Idaho Residents: License #RRL-10073; Louisiana Residents: License #1697898; Nevada License #CDTH11200; Ohio Residents: License #ST.760161.000; Washington License #530-CC/SL-111888. California Residents: Possible Finance is licensed by the Department of Financial Protection and Innovation, pursuant to the California Deferred Deposit Transaction Law, License #10DBO-105848.

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. Texas Residents: Possible Finance is a licensed Credit Access Business; License #1800061850-160823.

*Funding typically occurs within seconds; ACH transfers take 1-2 business days. Instant Delivery fee may apply in select states.

^Loan amounts & structure vary by state. Max amount not typical.

°Savings since 2017 includes fees Possible doesn't charge (e.g., NSF, rollover) plus reduced costs from customers borrowing less frequently than typical payday loan users, assuming customers would otherwise have faced industry-average fees and borrowing rates. Sources: internal data; state regulatory data; CFPB (Pub. No. 2023-9); Pew ("Payday Lending in America," 2013); CRL ("Down the Drain," 2025). Individual results may vary.

¨See [possiblefinance.com/samplepaymentschedules](/content/samplepaymentschedules/index.html) for rates & terms examples.

ˇReal customer compensated. Results may vary.

˘Possible Loans offer up to 29 days of payment flexibility from original due date.