Aug 22, 2018
I have noticed that for the last three loans I have received and paid back successfully, my credit limit has remained the same. and even the next available loan limit is still as the previous already paid back.
This is in spite of getting notice of increase in credit limit if I do pay the loan on time, and/or paying back before a certain date well ahead of the final due date.
Where are the bonus increases in credit limit disappearing to? Why is the repayment rate constant for three loans paid on time?
Is the system playing me?
I have opted to cease further application till this strange issue is sorted.................
Noord Brabant, Netherlands
Aug 22, 2018
Your credit limit only increases when your “on time repayment” score is 90% or higher. In your case it’s 88% (83)
“Percentage of all repayment installments that the entrepreneur has paid on time (within ten days of the due date), for all loans that he or she has taken since joining Zidisha. The total number of repayment installments that have been due is displayed in parentheses.”
You can find more info about increasing your credit limit on your “your credit limit” page. (www.zidisha.org/current-credit).
More info about how the on time repayment score is calculated can be found here.
Aug 24, 2018
Thank you for the reply.
I will study the explanations and adjust accordingly.
Joost likes this.
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