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I have really bad credit. Can I still use Bits?
I have really bad credit. Can I still use Bits?
Luís Camilo avatar
Written by Luís Camilo
Updated over 9 months ago

You can still use Bits if you have bad credit. However, it's important to understand that Bits may not be suitable for everyone. There are certain circumstances in which applying for any new credit, including Bits, may not be advisable. We want to ensure that our customers make informed decisions that align with their financial well-being.

Factors to Consider Before Applying:

  • Credit History: If you have a recent County Court Judgment (CCJ), Individual Voluntary Arrangement (IVA), or bankruptcy on your record, it may be challenging to qualify for the Bits Credit Card and Bits might not have the impact your desire until these are cleared and disappeared from your file.

  • Debt Burden: If you are heavily indebted or struggling to manage existing debt obligations, adding another line of credit may exacerbate your financial situation.

  • Financial Stability: If you are consistently behind on bills or find it challenging to cover essential expenses, it's crucial to assess whether taking on additional credit is a responsible choice.

If you're unsure whether applying for the Bits Credit Card is the right decision for your current financial circumstances, we encourage you to reach out to us.


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