The good news is that to get your Borrowing Power we don’t need to perform any weird sci-fi experiments on you or your TotallyMoney account. In fact, how we calculate your Borrowing Power is more about maths and data.

Experian Credit Information + Live Market Data (+ or – lender criteria/new products) = Borrowing Power

Let’s break the equation down.

Experian are the Credit Reference Agency we partner with to provide this service. We use the credit information they hold on you to help calculate your score.

Live market data is influenced by a number of different financial aspects, which can cause your Borrowing Power score to go up and down — even if your personal circumstances remain unchanged.

Similarly, lenders can alter their acceptance criteria. For example, if they impose stricter application rules, the products you’re eligible for may also change.

Finally, the introduction of more — or new — card and loan products to our range can cause your Borrowing Power to yo-yo.

Think of these as the twists and turns in your Borrowing Power’s story. Even though they change the situation, it’s not necessarily a bad thing and your Borrowing Power will still work, guiding you towards well-informed credit application decisions.