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Whether you can borrow more will depend largely on how successfully you manage your loans, mortgage and other forms of credit.
If you repay your loan repayments on time without any arrears or missing any payments, then you will build up a good credit rating. This will means that you will be offered the keenest interest rates and lenders will be prepared to lend you larger sums as you have demonstrated your ability to manage your borrowing well.
If your credit record shows that in the past you have had trouble paying you're your borrowings, you will have much more difficulty obtaining a cheap loan deal. Depending on how poor your credit record is, you may still be able to borrow - but you will have to pay higher interest rates and use a lending company that specialises in customers with a poor credit rating.
If you have a bad credit history in the past but are now financially secure, then getting a new loan is a good opportunity to demonstrate that you are now a good credit risk - and thereby fix your bad credit history. Once your credit history shows that you can reliably handle credit your credit, your credit rating will improve dramatically.
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