Filing for bankruptcy is a really big decision and shouldn’t be taken lightly. However, for people struggling with money problems and mounting debt, it can also offer a new start and a foundation to rebuild their lives. But how does bankruptcy affect your credit score? Loqbox takes a look.
If you're moving to the UK you’ll need a credit history to get things like phone contracts, credit cards, and loans. But if you’re new to the UK, you won’t have a history of borrowing in this country. So how does that work? Does your history of credit travel with you and how can you build it up? Read on for Loqbox’s tips and advice about credit scores for immigrants in the UK.
The cost of living is going to be front of mind for most of us as we settle into 2023. Not only are day-to-day essentials getting more expensive, but rising interest rates are making borrowing even more difficult. If you’ve encountered some drawbacks and need to rebuild your credit score, Loqbox’s guide helps you get your credit score back on track!
Whether you’ve taken a new job, been given a promotion, or had to change your circumstances, you might be wondering if a change in your salary or income will impact on your credit score. In fact, this is a really common question! Loqbox brings home the bacon with everything you need to know about your pay and your credit score.
If you’ve been a victim of identity theft, sometimes called ‘ID theft’, it can make you feel scared, anxious, and even embarrassed. It can also leave you with financial difficulties. It’s a horrible thing to happen to you but it’s important to know that you’re not alone. Loqbox has some practical advice to help you back to your feet and feeling yourself again.
For many of us, the words ‘financial’ and ‘freedom’ rarely get used in the same breath. While the words ‘money’ and ‘worries’ seem to be BFFs! But what if we told you it’s possible - and maybe not as hard as you might think - to achieve financial freedom within five years? Loqbox has 10 steps to help you get there!
Financial illiteracy affects most of us. A Financial Times survey, conducted by Ipsos Mori in 2021, found 90% of people in England felt they’d learnt “nothing at all” or “not very much” about finance at school. So if you’re struggling with financial illiteracy, you’re not alone. But what does it all mean?
If you’re looking to get into investing, The first thing you should be investing in is a bit of time to get to know different types of investments and how they impact your credit scores. Loqbox is here to help you unpack the essentials!
Financial literacy affects people of all ages and backgrounds. It’s fair to say that we’re more educated about how to get into debt than we are about how to avoid or get out of it. Financial literacy in the UK is behind lots of other countries, so what can you do to teach yourself, your friends and your family about financial literacy?
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In the UK, one of the quickest and simplest ways to improve your credit score is to register to vote. In fact, if you don’t you could actually harm your chances of getting a loan, credit card or mortgage. Loqbox ticks the boxes on voting and how it affects your credit score.
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