Most banks and building societies give you a debit card to access your money. So you might be wondering: “do debit cards affect credit scores in the same way a credit card would?”. Using a debit card does not directly affect your credit score, but there are subtle ways it can indirectly impact your creditworthiness. Loqbox explores debit cards and credit scores.
In today's world, our financial health is largely judged by our credit score. A good credit score can help you get approved for loans and credit cards, while a bad credit score can limit your borrowing power. But what’s the difference between borrowing power vs credit score? Loqbox has the answers.
Whether it’s a long-term situation or something you hope will be temporary, when you find yourself unemployed, it can be a really stressful time and your finances may be under a lot of strain. Loqbox is here to help answer whether being unemployed could affect your credit score.
Do you feel like your money’s constantly slipping through your fingers these days? Maybe it’s time to get more hands-on for a better grip on your cash with a manual budgeting system? Loqbox gives you the lowdown on the latest financial trend going viral on TikTok — the envelope budget system.
How does a young person build credit? Do I have a credit score at 18? If you’re wondering about the best way for a young person to build credit, Loqbox has you covered with eight simple and effective tips to help you start building your credit score.
With salaries falling and the cost of living rising, there’s one thing that’s likely to be on your mind: how to make money work for you? Loqbox explores tips and tricks on how to make money without working, make money working at home, and ways to make extra money after work! Keep reading to find out the best way to make money work for you.
Your emotional response to money is linked to what is known as your “money mindset”. So Loqbox is here to help you understand what your mindset has to do with your financial wellbeing, and what steps you can take to refresh your outlook.
If you’re trying to rebuild your credit after some financial knockbacks, we’ve put together eight simple hacks to get you there. Sure, it won’t be an overnight fix, but once you have these steps under your belt, you’ll have all the building blocks you’ll need for a shiny new score.
If you’re planning on moving to the UK, or you’ve recently arrived here, you might be wondering how to access financial products like overdrafts, loans, credit cards or mortgages. But with so much information out there, it can be hard to know where to start. Loqbox is here to make the financial aspects of your move as straightforward as possible.
Credit cards — those bits of plastic are great tools for building your evidence of how you use credit. With that history of credit use, you’ll be able to show lenders how responsible you are with borrowing money. But getting a credit card feels a bit scary, there are other ways to help you build this evidence. And whichever you choose, what you actually need to master is how to use credit responsibly.
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