Spending Limit & Available Balance

Here's an explanation of your Spending Limit and Available Balance with PatientFi:

  • Spending Limit: This is the total amount you have been approved to finance with PatientFi. You don't need to use the entire spending limit at once, or even at all. You will see the specific amount you are financing at the time of reviewing and accepting a transaction. Your spending limit is valid for 120 days. After this period, it will expire, and you will need to re-apply or refresh your spending limit.

  • Available Balance: This represents the portion of your spending limit that is currently available for use. It indicates the amount you can use for financing at any given time.

It's important to note that your spending limit and available balance can change due to various factors, including the expiration of previously approved funds, an active loan with PatientFi, a past due balance with PatientFi, and changes in your credit profile from the time of your previous approval to when your spending limit is refreshed. 

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