Our new 'Bits Score in App' feature is designed to simplify how you track your credit score. With this enhancement, you can view your current Equifax credit score directly within the Bits app, offering a seamless user experience without the need to navigate away from the app.
Product Details and Compliance
Bits leverages its credit information services to provide this feature, which is authorized and regulated by the Financial Conduct Authority (FRN:946683). This ensures that our operations adhere to strict regulatory standards, offering you peace of mind when using our services.
Scope and Eligibility
The 'Bits Score in App' feature is available to all users. Activation is straightforward:
Download the Bits app, available on both iOS and Android platforms.
There is no need for a subscription to the Bits credit building service to access your credit score within the app.
Third-Party Data Sharing
By using this feature, you consent to share your personal data with Equifax, one of the leading credit reporting agencies. This data is sent monthly to Equifax, enabling them to generate an accurate credit score that is then displayed in your Bits app. It's important to understand that Bits only facilitates the display of your credit score; the score itself is computed and provided by Equifax based on their comprehensive credit data.
IMPORTANT
Bits' role is confined to presenting your credit score within the app. We do not influence or alter the credit score, as it is entirely derived by Equifax. Our aim is to provide a convenient tool for you to monitor your financial health.
The 'Bits Score in App' service is offered completely free of charge. Our priority is to enhance user experience and provide valuable tools to help you manage your credit effectively, without any cost to you.