We calculate your credit limit when you sign up to Zilch. As a responsible lender, we make sure you never borrow more than you can afford, so we'll set your limit to an amount we believe you can comfortably borrow.

Your maximum credit limit is an amount that is slightly higher than your current credit limit, and it represents how much we could increase your credit limit if you make payments on time or early.

You could increase your credit limit by connecting to Open Banking. Your bank will share some of your financial data with us to give us a better understanding of your spending habits. If we think you can comfortably afford a higher credit limit, we might increase it.

You can also work towards a higher credit limit by making sure you avoid missed payments and making payments early.

If you're eligible for an increased limit, we'll change it automatically, but if you don't want this increase, just get in touch in the app to let us know:

Your credit limit will only go up once you pay off a whole purchase. So, if you spend £100, your credit limit won't increase by £25 after a payment is made every two weeks, it will only increase once by the full £100 after you've paid all your instalments in six weeks. If you've fully paid off a purchase and your limit still hasn't gone up, get in touch.

Your maximum Zilch credit limit may go down if you miss a payment.

You won’t be charged a late fee for missed payments. However, you might not be able to make any further purchases and your Zilch account could be blocked. Keep in mind that missed or late payments can also affect your credit score, so it’s good to stay on top of them.

If you’re worried you might miss a payment, there are ways we can help. You can Snooze a payment or you can contact us to see if we can rearrange your payment plan.

Zilch Boost lets you make purchases that go over your credit limit, all you need to do is pay the extra along with your first instalment at checkout.