Why is the credit limit refused?

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20.11.2023 10:57 513

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Photo of lorina200215 Lorina Fedan

Banks can refuse to increase the credit limit, using their own algorithms that calculate the solvency and financial discipline of a particular client. There can be several reasons: inconsistency of the level of earnings to the desired limit, bad credit history in other banks, late repayment of debts in this bank.

20.11.2023 10:59

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