What is Personal Credit?

Published on: 2024-10-25 11:46:41 +0100

Personal Credit is a loan powered by SteadyPay that you may be able to access by upgrading your membership plan to the Pockit “Fast Track to Credit” membership plan. An eligibility check will determine the amount available for you to borrow, anywhere between £30 and £500, based on your affordability. Click here to learn more.

Subject to T&Cs, eligibility & affordability checks performed by SteadyPay

If you do become eligible for Personal Credit this will appear as a banner message in your online account.

There is certain criteria that must be met before SteadyPay will run their eligibility & affordability checks:

• Be on the Pockit Fast Track to Credit for at least 3 months

• Top up your Pockit account with £200 or more each month

• Use your Pockit card regularly online, for in-store purchases and Direct Debits

• Ensure you pay your Pockit subscription on time each month

Meeting the above criteria does not guarantee that you will be offered Personal Credit

Once the above criteria have been met SteadyPay will automatically perform their eligibility and affordability checks to decide if they will offer you any Personal Credit.

Please note that Pockit has no influence on the outcome of SteadyPay’s checks

if you have negative factors on your credit report e.g. a bankruptcy, CCJ or IVA then this product will not be available for you at this time.

Personal Credit is powered by SteadyPay, who decides customer eligibility. Pockit customers are approved or rejected for Personal Credit based on SteadyPay’s eligibility assessment.