If you have taken a B9 Advance, you may be wondering how repayment works. The process is quite simple:
- Whenever you make a deposit into your B9 account, that deposit goes towards repaying your advance balance if you have one.
- You can also use your available balance to pay off your advance balance. Once you have paid off your advance in full, and all eligibility requirements are met, you may be offered a new advance a few hours later.
It's important to note that if you partially paid off your B9 Advance, you will not be eligible for a new one until you pay off the full amount of the previous advance. Late repayment of your B9 Advance can also impact your B9 Score and lower your future B9 Advance limits. So make sure to repay your advance on time to avoid any negative consequences.
If you have paid off your advance balance and are still waiting for a new one to be offered, check out our article Eligibility requirements for the advance service for potential reasons why. With these tips in mind, you can confidently take advantage of B9 Advance and manage your finances responsibly.