Available credit is how much you have available to spend on your credit line. If you don’t have an active payment plan, your available credit will be the same as your credit limit.
If you already have a payment plan, that amount is subtracted from your credit limit, which decreases your available credit. Paying off an active payment plan will likely increase your available credit.
Your available credit may change periodically due to new data. Your credit limit is re-evaluated every two weeks, and it is determined by many factors. Below you'll find a few things that may affect your credit limit:
- Consistency - Consistent sales month-to-month that minimize big dips
- Increased sales - Growing your sales
- Tenure - More time on Gusto may give us more information
- Payment history - Keep payments on track and avoid missed payments due to insufficient funds
All lines of credit are issued by Celtic Bank. All lines of credit and offers are subject to credit approval, identity verification, and are subject to periodic review and may change without notice. Bank transfers are subject to review.