There are 4 elements that go into determining your credit limit:
Your credit history: This looks at your history of payments with other credit providers, whether you repay your debts on time.
Your income history: Upon connecting your bank account, we receive your data, which is reviewed by our risk assessment team alongside our smart bots which help to determine your credit limit.
Your quiz responses: This measures how you would typically deal with scenarios to do with your financial well being.
Affordability: As a regulated lender Trezeo needs to ensure that any credit limit offered to our users is affordable.