Is "POSSIBLE FINANCE PAYMENT" fraud?

Written by Julian Sanchez

June 18th, 2024

Medium Risk

What is "POSSIBLE FINANCE PAYMENT"?

Possible Finance has been in business since 2017. The company provides various financial products and services, including small personal loans and credit-building tools. They offer their services primarily through a mobile app, which allows users to apply for loans, manage repayments, and access credit resources. Possible Finance's primary focus is on providing accessible financial solutions for individuals with limited credit histories or those seeking to improve their credit scores.

  • POSSIBLE: Indicates the potential or tentative nature of the transaction.
  • FINANCE: Relates to financial activities or services.
  • PAYMENT: Specifies that the transaction involves a payment.

    • Verify if this transaction is fraud in 30 seconds

    Verify With Receipt

    The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for.
    Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn't match.

    STEP 1

    Connect your Email

    Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.

    STEP 2

    Connect Your Bank

    Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.

    STEP 3

    Reconcile

    Reconcile the charges reported by your financial institution against what you've recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.

    SimplyWise Community Comments
    Transaction codes from Possible Finance
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