Loqbox Blog

Master your money with our latest articles, ideas and guides

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I need to manage my money! Our top tips to personal money management

Managing your money can feel overwhelming. But getting it right might save you £1,000s every year and help you find financial wellness and stability. It takes some patience and commitment but with Loqbox’s guide it doesn’t have to be daunting! Read on for tips and advice for personal money management.

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Do utility bills (like your energy bills) affect credit scores?

It would be nice if your regular payment of utility bills (like energy or mobile phone bills) would count towards your credit report and positively affect your credit score, right? Unfortunately, they generally have no impact. And worst of all, when they do it’s usually a negative one! But it’s not all bad news. When it comes to credit Loqbox knows the score.

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What is a good average credit score for my age in the UK?

Your credit score is an indication of your creditworthiness. But there’s no universal credit score (in fact you have three!) and they’re not the only thing lenders look at. In truth, no number guarantees you’ll be accepted for credit cards, loans or mortgages. But comparing your credit score with the UK average for your age is a useful way to see where you stand.

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Financial resolutions are a priority for people in 2023

A whopping 86% of Loqbox members surveyed plan to reduce spending in the new year

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Are balance transfers good for my credit score?

Balance transfer credit cards are one of the most popular ways to begin clearing debts. So if your New Year’s Resolution is to work on becoming debt-free in 2023, or you’re looking to save some money on interest fees, this blog post is for you. ‍

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How to build a savings habit that sticks

Whether it’s for an unexpected emergency or a wonderful celebration, most of us can agree that having a healthy pot of savings would really help to manage the big moments in life. The tricky part is building those savings. It takes a long time and money doesn’t grow on trees (sigh). So Loqbox has put together this blog to help you build a savings habit that sticks.

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Why January is the best time to take charge of your financial future

It’s time to leave Christmas behind, and start looking ahead to a brand new year. If you’re looking for ways to boost your financial wellbeing in 2023, then you’ve come to the right place! Here are our top reasons for taking control of your money this January.

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Does a name change affect credit scores?

Marriage is a common reason why people change their name. But there’s lots of reasons why you might want something new – entering into a civil partnership, transgender name changes, switching a child’s surname from one parent to another, reclaiming your original name after divorce or legal separation, or just not liking your birth name. But does changing your name affect credit scores in the UK?

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12 credit score myths

There are loads of myths about how the three main credit reference agencies calculate your credit score. Money is a big enough source of anxiety without worrying about the things that aren’t true. Loqbox untangles fact from fiction, debunking 12 common credit score myths.

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Credits scores & payment holidays

Payment holidays from credit cards, loans or mortgages let you take a break from repayments so you can balance your money if you are struggling to make ends meet. But do they show on your credit rating or affect your credit score?

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