Your Borrowing Power is a real-time, real-world view of your combined chances of being accepted for all of the credit cards on our service. Your Borrowing Power will therefore fluctuate as new cards come to market, old ones are removed, or lenders change their lending criteria. Every lender will take a different view of you and your credit profile and their lending decisions will also be subject to changes in the wider market and economy. Together, these factors can cause your score to fluctuate even when nothing changes in your personal circumstances.
A decrease in your Borrowing Power doesn’t necessarily mean that it's due to any changes in your credit profile or that you will not be eligible for a credit product that’s right for you. Your Borrowing Power may decrease due to:
- Shifts in the credit market, such as lenders removing credit products that you were previously eligible for, or lenders limiting the types of customers that they lend to, will result in a reduction in your Borrowing Power.
- A fall in your credit score has meant your eligibility for credit products offered on the TotallyMoney website has reduced. This in turn means there may be fewer credit products that you are eligible for, and the chances that you will be accepted for credit has fallen.
You should always check how eligible you are for the credit products listed on our website before you apply.