Possible Finance provides small loans up to $500 with installment repayment and an opportunity to build credit. Designed as an alternative to payday loans, they offer manageable installments and report to credit bureaus, which can help improve your credit score. No credit check is required, and they accept applicants with bad credit. There are no penalties for late payments, offering additional flexibility. However, the loan limits are low, with a maximum of $500, and they have limited state availability. The funding time can be up to five business days, which might not be suitable for urgent needs. The rates are higher compared to traditional loans, so it's important to consider the cost before applying.