> For the complete documentation index, see [llms.txt](https://paracosmlabs.gitbook.io/mintdeals/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://paracosmlabs.gitbook.io/mintdeals/guides/for-club-owners/accessing-credit-facility.md).

# Accessing Credit Facility

#### Understanding Borrowing, Interest, and Repayment

When you borrow assets from our Credit Facility, it's important to understand how interest and repayments are handled. Here's a simple breakdown:

**Credit Balance**

* **What is it?** Your credit balance (`creditBalanceUsed`) represents the total amount you owe. This includes:
  * **The amount you originally borrowed**.
  * **Base interest** that accrues over time.
  * **An additional interest that is a multiple of the Base Interest** (known as `InterestDeltaPB`).

**Making a Repayment**

* **How does it work?**
  * When you decide to repay part of your debt, the amount you repay reduces your overall balance.
  * In the case of using the Shared Credit pool, behind the scenes, your repayment is split into two parts:
    1. **InterestDeltaPB Portion**: This is a small portion of your repayment that stays within our system. It helps cover additional costs and is stored in a `repaymentFees` pool.
    2. **Net Repayment**: The rest of your payment goes directly towards reducing the amount you owe (including the original amount borrowed and the base interest).

**What This Means for You**

* When you make a repayment, you see your total balance go down.
* Our system ensures that part of your repayment is used to maintain the service (`InterestDeltaPB`), while the majority directly reduces what you owe.

In essence, while you repay, a small portion of your payment helps sustain the system, and the rest helps you clear your debt.