Loqbox Blog

Master your money with our latest articles, ideas and guides

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Credit reference agencies: Who are they, what is the difference and who do lenders use?

When you apply for credit, like a mortgage, a loan or a credit card, the lender will consider your application carefully. This typically requires a credit check and a look at your affordability (i.e. can you afford to pay this money back). But each lender has their own exact method to come to a decision.

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How to correct errors in your credit report

It’s a good idea to periodically check your credit score. Though it may be “out of sight, out of mind”, getting into the habit of checking it regularly can be really helpful. After all, you might suddenly need a loan or some other form of credit. It’s only then that you realise your credit score isn’t as high as you thought. Improving it is always an option of course, but it can take time. So you should deal with problems ahead of time. Future you will be so happy with present you when the time comes to get a loan!

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Budgeting: Potential rules to manage your personal finances

Sometimes it feels like your personal finances are getting on top of you. Money seemingly disappears into thin air as your bills, loan repayments, food shopping and subscriptions chip away at your income. Then, before you know it you’re waiting for pay day just to do it all again! So how can you pay debts, grow your savings, or find a little something to invest?

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Does changing my address or moving often affect my credit score?

There’s no denying your address is a really important part of your credit report. But it doesn’t affect your credit score directly. Confusing? Don’t worry! There’s lots of misunderstandings around how addresses and address changes impact your credit score. But Loqbox is here to put the record straight!

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Loqbox wins Tech South West Fintech award

Loqbox was awarded the Tech South West Award for Fintech last night at the prestigious annual awards ceremony in Bristol.

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Does selling your house affect your credit score?

There are lots of reasons that you might be selling your house. Maybe you’re planning to buy a new one, downsizing to a smaller property, or prefer to rent instead of paying a mortgage so a landlord can deal with maintenance responsibilities.

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Good credit score but refused a loan or finance? Here’s why

So, you’ve managed to get your credit score where you want it. You get that warm fuzzy feeling of achievement as you see the credit rating dial swing way into the green.

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Michelle Andrew joins Loqbox as Head of Partnerships

Financial wellbeing business ramps up commercial efforts with new hire

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Personal loans and their effect on credit score

With the cost of living rising, energy bills at record highs, and money stresses creeping up on us all – you may find yourself looking at your bank account wondering how you’ll manage the cold winter months ahead. If you don’t have an emergency fund in place (and over half of UK adults don’t), you may even be feeling like you have no choice but to take out a personal loan to help you manage.

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