Borrowing Power is a score from 1-10 that gives you an indication of how eligible you are for all products listed on TotallyMoney. A score of 10 gives you the widest range of products that you are eligible for.
Your borrowing power can fluctuate each month, even if there have been no changes to your own circumstances. This is because your Borrowing Power is calculated by using a combination of the data held by Experian, data provided in your TotallyMoney account (such as employment status and salary) along with live market data to calculate your Borrowing Power. If lenders change their criteria or more products are added to our range of cards and loans, this can impact your Borrowing Power and cause it to fluctuate.