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Credit Limit

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Credit Limit

A Credit limit is the maximum amount of a line of credit that a financial institution extends to a borrower. It is also the maximum amount of money that you can be spend with your credit card. An individuals credit limit and his/ her credit scores affect each other directly.

How to Determine the Credit Limit of a Credit Card?

Your credit card balance is increased every time, by the amount of the purchase that you make. To know the amount left for payment, you need to subtract the credit card balance amount from your credit limit.

Credit Limit
Factors Affecting Your Credit Limit

Lenders issue a high credit limit only to those whom they see as a low-risk borrower. There are a variety of factors, based on which the lenders determine the amount that can be extended to a borrower. Followings are some of such factors:

  • Your credit limit tends to be high if you make a good amount of money. This is because if you earn more, your affordability will also be more.
  • If your credit history is good, the limit is also set high by the lenders.
  • It also depends on the limits of other credits or loans owed by you.
  • Every lender has their own set of parameters to measure the creditworthiness of borrowers. Some also stick to the guidelines of their own companies.

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Applying Does NOT Affect Your Credit Score

CashAmericaToday is registered with the Utah Department of Financial Institutions to offer consumer credit services. When you submit your application to us online, it will be processed just as if you had submitted it in person, establishing Utah as the jurisdiction for the negotiation, execution, and fulfillment of all applications and agreements. If your application is approved, the funds will be disbursed from our account in Utah. Please note that Utah's laws governing consumer loan agreements may differ from those of your home state. It is the applicant's responsibility to adhere to all statutory requirements related to obtaining internet loans in their state of residence. Please be aware that this service may or may not be available in your specific state, and loans are not offered in the state of Michigan.

CashAmericaToday is a brand of Silver Financial Capital. The purpose is to meet your short-term borrowing needs, not long-term financial needs. Please note that this is an expensive form of borrowing. The loans and lines of credit may be used for whatever reason you need, like unexpected emergencies, car repairs, medical bills, or travel expenses. In addition, alternative forms of financing like credit card cash advances, personal loans, and home equity lines of credit might be more affordable and better suited to your needs.

CashAmericaToday does not perform any credit checks through the three major credit bureaus Experian, Equifax or TransUnion. We collect required information regarding debtors' creditworthiness from a third party source.

Approval time depends on the authenticity and verifiability of your documents. You might be requested to provide further information if required. Note that we do not approve all the loan requests. On the basis of state laws and your repayment ability, the terms and rates may vary. Any loan requested on Friday after 6:00 PM CST will be processed on the next business day, usually Monday- unless it is a holiday.

Should you have any doubts, please call our customer support at (855) 840-5688, Monday- Friday: 7:00 AM to 4:30 PM (CST) or email to

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