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Questions tagged [bank decision]

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Fri Jan 10 2025 | 5 answers 1243

How does a bank or credit card company decide how much money you can borrow?

I want to know how banks or credit card companies assess and determine the borrowing limit for customers. What factors do they consider when deciding how much money one can borrow?

How does a bank or credit card company decide how much money you can borrow?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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