The Approval API offers a comprehensive view of a client's credit standing with Lendica. With this API, you can access:
- Total Approved Credit: The aggregate amount Lendica has sanctioned for the client.
- Credit Utilization: The portion of the approved credit the client is currently using.
- Available Credit: The balance of the approved credit that the client can still access.
It's important to note that each credit approval is associated with a specific Lendica product:
By integrating with the Approval API, partners can better understand and manage their client's financial relationship with Lendica.