# Possible Loan is available in Virginia Possible Finance offers small-dollar installment loans in Virginia, with a maximum loan amount of up to $500^. Applying takes minutes with the Possible app and does not require a FICO score check. Connect your bank account and Possible reviews your income and cash flow to approve you for a loan. Funds typically arrive in minutes\*. Repayment is typically split into installments, unlike traditional lump-sum payday loans. Source: [CFPB](https://www.consumerfinance.gov/ask-cfpb/what-is-a-payday-loan-en-1567/) # Find out more about the Possible Loan ### Availability Possible Loans are available in Virginia ### Loan Amount Loans range from $50-$500. The average first loan is $242 (Source: internal data, December 2025) ### Cost $20 for every $100 you borrow. [Get an estimate](https://possible.sng.link/Ayhrm/83tz?_dl=possiblefinance%3A%2F%2Fhome&_smtype=3) in the app. ### Repayment Term Typically repaid in 4 installments over 8 weeks. [See Sample Payment Schedules](/content/samplepaymentschedules/index.html). ### Flexibility Each installment can be moved up to 29 days out from the originally scheduled due date. ### Credit Impact No FICO check to apply. Payments are reported to credit bureaus: TransUnion and Experian. ## A better way to borrow # A loan that’s built for your finances ## No FICO check Your income, cash flow and money habits count towards the results of your application and are part of how we make lending decisions. ## Know when to apply Link your bank account and we'll let you know the best time to submit your application. [Find out more](/content/loan/prequalify-alerts/index.html) ## Take the time you need to pay off your loan You can Pay Over Time in installments, and move payments up to 29 days out from the original due date—there’s no rescheduling fee. This benefit is available to all members, no matter what. Build credit history Unlike payday loans, your payments are reported to credit bureaus [Learn more](/content/loan/build-credit-history/index.html) Get real-time alerts Know instantly when you’re approved, get reminders when payment dates are coming up and more. Get the most money Possible Even if you don’t qualify for the full amount you request, we’ll get you the highest amount we can. ### Ready to get started? Enter your info in the app to see if you qualify. # Relief Plan # Get even more time to pay if the unthinkable happens ### Estimate the cost of Possible Loans in Virginia Your state You borrow $200 In Virginia it's $20 for every $100 that you borrow. With Pay Over Time, I can pay $240 back over eight weeks. - Week 2: $60 - Week 4: $60 - Week 6: $60 - Week 8: $60 The information provided by the Real Cost calculator is for informational purposes only and does not constitute an offer. Loan terms are subject to eligibility. Loan costs are rounded up to estimate these approximate payments. Loan costs vary by state. ## Frequently asked questions ### What is a Possible Loan? A Possible Loan is a small-dollar installment loan designed to provide quick\* access to cash while helping build credit history. Unlike payday loans, which often require lump-sum repayment (source: CFPB), Possible Loans are repaid in four scheduled installments. Eligibility is based on your banking activity rather than a FICO check. Payments are reported to credit bureaus, and you can reschedule each payment up to 29 days from the originally scheduled date with no rescheduling fee. ### Is Possible Loan available in Virginia? Yes, Possible Loans are available in Virginia, subject to eligibility and applicable state regulations. Availability can change, so check the Possible app for the most current information. ### How much does a Possible Loan cost in Virginia? In Virginia, the fee for a Possible Loan is typically $20 per $100 borrowed, subject to applicable laws and any future changes. Your exact cost, repayment schedule, and total fees are shown in the Possible app before you accept the loan. ### What are some alternatives in Virginia? Virginia residents may consider credit union loan options via the NCUA locator: https://mapping.ncua.gov/. Community support services are available through 211 Virginia: https://211virginia.org/. The Virginia Department of Social Services lists assistance programs across the state: https://www.dss.virginia.gov/. For general guidance on alternatives to payday loans, visit the CFPB: https://www.consumerfinance.gov/. ### What are the eligibility requirements? Eligibility generally includes being at least 18 (or the age of majority in your state), having a qualifying, active bank account with regular income deposits, and meeting state-specific requirements. Possible evaluates your income, cash flow, and transaction history rather than relying on a FICO check. ### Will applying for a Possible Loan impact my credit? Applying for a Possible Loan does not involve a FICO check, and there is no hard inquiry on your FICO score. Even if you have limited credit history or lower credit, you may still qualify. Once you have a loan, your payments are reported to credit bureaus, and on-time payments can help build or rebuild your credit history over time. ### How long does it take to apply and get a decision? The application is completed in the Possible app and usually takes only a few minutes. You’ll create an account, provide basic information, and link your bank account. There is no FICO check; eligibility is based on your banking activity. Most applicants receive a decision in minutes, and you can apply at any time. ### When will I get the money? If approved, most customers who choose debit card disbursement receive funds within minutes. Timing may vary by bank or debit card provider. If you select ACH transfer to your bank account instead, it can take longer—up to 5 business days for a small percentage of customers. Make sure your bank account is active and correctly linked in the Possible app. ## Actual members, compensated for sharing their opinion. Results vary. Ratings as of January 2026.