📊 Eligibility is assessed automatically based on your account activity. Not every Pockit customer will qualify, and eligibility can change month to month.
Factors that can affect eligibility:
• Account activity: how actively you use your Pockit account for day-to-day spending. The more you use it, the better picture we get of your affordability
• Income: we look for regular income flowing into your Pockit account
• Credit history: we run a soft credit check (which doesn't affect your credit score) and look at outstanding debt, CCJs, or recent defaults
• Debt-to-income ratio: if a significant portion of your income already goes to debt repayments, this may affect eligibility
• Repayment history: missed or overdue payments on other Pockit products will be taken into account
• Financial stress signals: patterns like returned bill payments can indicate you may be overextended
If you are eligible, this will be presented and offered to you directly in the Pockit app. If you're having trouble finding the option on your app, it may simply mean that you're not currently eligible.
But not to worry! We regularly review eligibility, so if you keep using your Pockit account and getting paid into it, you may become eligible in the future. Once that happens, you will receive a notification through the app if you become eligible.📩
💡A good first step is to review your free credit report from TransUnion.