The electoral roll is a list of everybody who is registered to vote in the UK, and the three main credit reference agencies (Equifax, Experian and TransUnion) use it to verify your identity and address.
When you’re trying to improve your credit score, reach savings goals, or clear debts, you’ll come across lots of new words, terms and phrases. The jargon used to describe financial terminology can be daunting but Loqbox is here to talk your language. Let’s take a look at what debt to income ratio (DTI) means, and how that affects your credit scores.
As we all know, the cost of living in the UK has been rising steadily over the years. From food to fuel, housing to healthcare, everything seems to be getting more expensive. And it’s not showing any signs of slowing down. This is known as ‘cost of living inflation’ and it affects everyone differently.
It’s never too late to start putting aside some saving money to achieve your saving goals. No matter your age or income level. Whether you are saving for a mortgage deposit, building an emergency fund, or planning for retirement, there are plenty of strategies you can use to reach your financial goals. Loqbox shares 18 top tips for reaching your savings and finance goals.
While it may seem like a breath of fresh air to get rid of unused accounts or clean up your credit history, it's important to be aware of the impact that closing old bank and credit card accounts can have on your credit score. Loqbox has you covered with everything you need to know before you start a financial spring clean.
Having a good (or excellent) credit score makes you feel pretty good. Seeing the needle on your credit score dial swing into the green can give you a sense of freedom and achievement, and can set you on the road to financial wellbeing. But what are the other, tangible benefits of a high credit score? Loqbox has a classic top 10.
No matter which type of credit agreement you have, there’s likely to be a rate of interest on top after a certain point. And these interest rates can be very high if you haven’t secured a 0% interest-free period, making it difficult to pay back what you owe if the interest takes up the majority of what you’re able to afford to pay back every month. But did you know that your credit score can affect the interest rate you are offered?
Investing in cryptocurrencies (or crypto) has definitely made some people very rich. But just as many have lost fortunes too. Investing is always risky. The ups and downs of crypto’s value means your investment can boom or bust from one week to the next! But how does buying or trading crypto affect credit scores? Loqbox unravels the mystery
As UK medical treatments are mostly free on the NHS, we usually don’t build medical debts like our US neighbours can. But there are lots of treatments that aren’t covered, including many dental bills, private care, and cosmetic surgery. If you want to boost your self-esteem, but you can’t afford to pay upfront and you’re worried about how that could affect your credit score, Loqbox can help explain.
If you’re wondering what the best ways to organise your finances are, there’s a chance you’re looking to relieve the stress and anxiety you feel around money. When things are disorganised and messy, problems can feel insurmountable. But with Loqbox’s tips and advice, you can get your finances in order and take charge of your financial wellbeing.
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