Broker Credit Approval: 7-Day Validity and Credit Exceptions

This article explains how broker credit approval works and the time limits and consequences when a broker’s credit changes after approval.

What is a broker credit approval and how long is it valid?

A broker credit approval confirms the broker is approved for invoice purchase and is valid for 7 days from the approval date.

What happens if the debtor’s credit changes during the 7‑day approval window?

If the debtor’s credit changes significantly during the 7‑day period, BridgeHaul will still purchase the invoice but the purchase will be treated as a Credit Exception.

What are the consequences of an invoice being treated as a Credit Exception?

When an invoice is treated as a Credit Exception it may be subject to different recourse provisions compared to standard approved purchases.

How should I proceed when I receive a credit approval notice?

1. Note the approval date and track the 7‑day validity window.
2. If the debtor’s credit changes within that window, expect the invoice to be handled as a Credit Exception and follow any additional instructions provided by BridgeHaul regarding recourse.

Troubleshooting: What if the broker’s credit changes after approval?

• Expect the invoice to still be purchased but classified as a Credit Exception.
• Expect different recourse provisions to apply; follow BridgeHaul’s guidance for Credit Exceptions.

Conclusion Broker credit approvals are valid for 7 days. Significant credit changes during that period cause the invoice to be purchased as a Credit Exception, which may carry different recourse provisions.