Your credit limit with Tupel is carefully evaluated using multiple data sources and risk assessments.
We combine your payment history on Tupel, information from credit agencies, insights from bank, accounting and commerce integrations and other alternative data sources to arrive at, what we believe is, the most accurate limit possible.
Generally, the more data you share with us, the higher your credit limit can be set. Below is an overview of each factor and how it influences your limit.
1. Payment History on Tupel
What We Look For
- Timeliness of previous debt repayments
- Any late fees, missed payments, or outstanding balances
- Overall account activity and longevity
Why It Matters
- A consistent track record of on-time repayments indicates reliability and financial stability.
- Responsible repayment habits can lead to more favorable credit limit increases over time.
Common Questions
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Will a single late payment impact my limit?
- A single delay may reduce your credit score with Tupel, but its impact on your limit depends on other risk factors as well.
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How can I improve my repayment history?
- Set up reminders or automated payments to avoid missing due dates and gradually build a positive payment record.
2. Credit Agencies
We leverage data from agencies like Dun & Bradstreet, Creditsafe, or Experian to see a broader view of your company’s creditworthiness.
What We Look For
- Credit scores and ratings
- Public records of financial distress (e.g., bankruptcies, liens)
- Payment behavior with other creditors
Why It Matters
- Credit agency reports help confirm your overall reputation as a borrower.
- A strong credit score can positively influence your Tupel limit, while negative marks could reduce it.
Common Questions
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Will frequent credit checks from multiple agencies affect my credit score?
- Soft checks, like ours, do not affect your credit score.
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Can I dispute information on my credit report?
- If you believe your report contains errors, you can contact the agency directly to file a dispute.
3. Bank Activity
Connecting your bank account allows Tupel to verify real-time account balances and transaction histories.
What We Look For
- Consistent income deposits
- Sufficient cash reserves and liquidity
- Any unusual spikes or dips in activity
Why It Matters
- A healthy, active account suggests good financial management.
- Low balances or frequent overdrafts could lower your borrowing capacity.
Common Questions
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Does Tupel store my bank login credentials?
- No. We only access transaction data through secure tokens or encrypted services.
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How often is my banking data refreshed?
- Data is typically updated daily or as frequently as your bank allows.
4. Alternative Data Sources
Tupel may also factor in non-traditional data, like headcount, marketing metrics, or news coverage, to gain more context about your organization’s growth.
What We Look For
- Consistent team growth or reductions
- Public sentiment and brand coverage
- Industry trends or external benchmarks
Why It Matters
- Rapid growth might suggest a need for higher credit availability.
- Negative news or sudden workforce downsizing could imply higher financial risk.
Common Questions
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How do we know if Tupel is monitoring our media coverage?
- We only gather publicly available information, using it responsibly to gain a holistic view of your company.
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Will a small headcount automatically mean a lower limit?
- No. Headcount is just one factor among many. We also care mostly about trends as opposed to absolute numbers.
5. Exposure Limits
Tupel sets an overall exposure limit for each customer, taking into account all of the data above. These limits can range from low thousands to several millions, depending on a company’s risk profile, financial health, and other relevant factors.
What This Means
- It’s the upper boundary of your total outstanding balance across Tupel products.
- Even with positive indicators, there are certain maximum thresholds Tupel enforces for risk mitigation.
- If you need a higher limit than initially assigned, you can ask a review.
Common Questions
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Can I request an increase above my current exposure limit?
- Yes. We’ll re-evaluate your financial situation and risk profile to see if you qualify for a higher limit.
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Can my exposure limit be reduced?
- Yes. If your financial data or payment history changes significantly, Tupel may lower your limit to manage risk.