Everything about limit increases/decreases, rates, and fees.
When your credit line is renewed, both your interest rate and credit limit may change. These adjustments depend on several factors reviewed during reassessment.
- Factors We Consider
- Credit contribution
- Revenue estimates (from AFS and bank statements)
- Interest costs (ITS)
- Future revenue estimate (for B2B clients)
- Debt obligations
- Repayment history with First Circle
- Interest Rate Changes
- Your interest rate may increase or decrease based on the factors above.
- A lower rate is possible but not guaranteed.
- Credit Line Changes
- Your approved credit limit may be raised or reduced after reassessment.
- A higher limit is possible but not guaranteed.