What is the Leasing Credit limit? How high is my limit?

We are introducing an entirely new tool to all xChange customers: Leasing Credit Limit

This is the second limit (besides our Container Leasing Limit) on the Container xChange platform to manage payments. 

At xChange, customers have the added benefit of using credit for leasing deals (not applicable in Trading because we have Paying with Resolve on Net Terms).

In this article, we will be explaining the basics surrounding how the Leasing credit limit works.

What is the Leasing Credit limit?

• Every customer has their individual Leasing Credit Limit with xChange.
  • This can be compared to how a credit card's limit 💳 works. You can spend as much as you can and pay back later.
    
    
• xChange's Leasing Credit Limit will still provide the flexibility to complete payment later and at the same time a heightened risk protection for all of our customers.
  
  
• Every customer will receive an individual Leasing Credit Limit determined by how long they have been part of the platform, their payment history on xChange, and financial stability.

How high is my Leasing Credit Limit?

• The majority of users will begin with a 10,000 USD Leasing Credit Limit, but it is dependent on your financial performance and the Risk Team assessment.

Where can I monitor my Leasing Credit Limit? 

• Customers can easily monitor their approach to their Leasing Credit Limit through the new wallet widget. 
  • To learn more about this, check out the following article:

    • What is the Leasing Credit Limit Widget?